US HB4344 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Engrossed on November 19 2019 - 50% progression, died in committee
Action: 2019-11-19 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on November 19 2019 - 50% progression, died in committee
Action: 2019-11-19 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]
Summary
Provides statutory authority for the Securities and Exchange Commission (SEC) to seek disgorgement (i.e., repayment) as a remedy for unjust enrichment gained through a securities law violation. It also allows the SEC to seek certain injunctive relief.
Title
Investor Protection and Capital Markets Fairness Act
Sponsors
| Rep. Ben McAdams [D-UT] | Rep. Bill Huizenga [R-MI] |
Roll Calls
2019-11-18 - House - On motion to suspend the rules and pass the bill, as amended RC# 627 (Y: 314 N: 95 NV: 21 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2019-11-19 | Senate | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| 2019-11-18 | House | Motion to reconsider laid on the table Agreed to without objection. |
| 2019-11-18 | House | On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 314 - 95 (Roll no. 627). (text: CR H8929) |
| 2019-11-18 | House | Considered as unfinished business. (consideration: CR H8941-8942) |
| 2019-11-18 | House | At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. |
| 2019-11-18 | House | DEBATE - The House proceeded with forty minutes of debate on H.R. 4344. |
| 2019-11-18 | House | Considered under suspension of the rules. (consideration: CR H8929-8932) |
| 2019-11-18 | House | Mr. Green, Al (TX) moved to suspend the rules and pass the bill, as amended. |
| 2019-09-20 | House | Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 5. |
| 2019-09-20 | House | Committee Consideration and Mark-up Session Held. |
| 2019-09-19 | House | Committee Consideration and Mark-up Session Held. |
| 2019-09-18 | House | Committee Consideration and Mark-up Session Held. |
| 2019-09-17 | House | Referred to the House Committee on Financial Services. |
| 2019-09-17 | House | Introduced in House |
Same As/Similar To
SB799 (Related) 2019-03-14 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
Administrative remedies
Civil actions and liability
Federal district courts
Finance and financial sector
Fraud offenses and financial crimes
Securities
Securities and Exchange Commission (SEC)
Civil actions and liability
Federal district courts
Finance and financial sector
Fraud offenses and financial crimes
Securities
Securities and Exchange Commission (SEC)
