US Congress House Bill 3798 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on October 22 2015 - 25% progression, died in chamber
Action: 2016-07-21 - Placed on the Union Calendar, Calendar No. 539.
Text: Latest bill text (Introduced) [PDF]

Due Process Restoration Act of 2015 (Sec. 2) This bill amends the Securities Exchange Act of 1934 to authorize a person who is a party to an administrative proceeding brought by the Securities and Exchange Commission (SEC) under a securities law, and against whom an order imposing a cease and desist order and a penalty may be issued at the conclusion of the proceeding, to require the SEC to terminate the proceeding. If a person requires the SEC to terminate a proceeding, the SEC may bring a civil action against that person for the same remedy that might have been imposed. A legal or equitable remedy may be imposed on a person against whom an administrative proceeding was brought only upon a showing by the SEC of clear and convincing evidence that the person has violated the relevant provision of law.

Due Process Restoration Act of 2015

Rep. Scott Garrett [R-NJ]

Rep. Tom Emmer [R-MN]

Date	Chamber	Action
2016-07-21	House	Placed on the Union Calendar, Calendar No. 539.
2016-07-21	House	Reported by the Committee on Financial Services. H. Rept. 114-697.
2016-03-02	House	Ordered to be Reported by the Yeas and Nays: 32 - 25.
2016-03-02	House	Committee Consideration and Mark-up Session Held.
2015-12-02	House	Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
2015-10-22	House	Referred to the House Committee on Financial Services.
2015-10-22	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/3798/all-info
Text	https://www.congress.gov/114/bills/hr3798/BILLS-114hr3798ih.pdf
Text	https://www.congress.gov/114/bills/hr3798/BILLS-114hr3798rh.pdf