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HR 3798 114th Congress House

Due Process Restoration Act of 2015

Official title: To amend the Securities Exchange Act of 1934 to permit private persons to compel the Securities and Exchange Commission to seek legal or equitable remedies in … Show full official titleShow less

Official title: To amend the Securities Exchange Act of 1934 to permit private persons to compel the Securities and Exchange Commission to seek legal or equitable remedies in a civil action, instead of an administrative proceeding, and for other purposes.

Introduced: May 26, 2016 See on congress.gov
Finance and Financial Sector Administrative remediesCivil actions and liabilityEvidence and witnessesSecurities and Exchange Commission (SEC)
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action July 21, 2016

Placed on the Union Calendar, Calendar No. 539.

 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.

 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Emmer, Tom
Minnesota · May 26, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3798: Due Process Restoration Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-3798/
MLA
"H.R. 3798: Due Process Restoration Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-3798/.
Bluebook (legal)
H.R. 3798, 114th Cong. (2026), https://openamerica.io/bill/114-HR-3798/.
Markdown link
[H.R. 3798: Due Process Restoration Act of 2015](https://openamerica.io/bill/114-HR-3798/)
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