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HR 3798 114th Congress House Finance and Financial Sector Administrative remedies Civil actions and liability Evidence and witnesses Securities and Exchange Commission (SEC)

Due Process Restoration Act of 2015

Introduced: October 22, 2015 See on congress.gov
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 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 21, 2016
Placed on the Union Calendar, Calendar No. 539.
Jul 21, 2016
Reported by the Committee on Financial Services. H. Rept. 114-697.
Mar 2, 2016
Ordered to be Reported by the Yeas and Nays: 32 - 25.
Mar 2, 2016
Committee Consideration and Mark-up Session Held.
Dec 2, 2015
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Oct 22, 2015
Referred to the House Committee on Financial Services.
Oct 22, 2015
Introduced in House
 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

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.

What's happening now July 21, 2016

Placed on the Union Calendar, Calendar No. 539.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1