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HR 3519 115th Congress House

Bad Actor Disqualification Act of 2017

Official title: To increase accountability of the Securities and Exchange Commission and to require the Commission to implement a rigorous, fair, and public process for waivin… Show full official titleShow less

Official title: To increase accountability of the Securities and Exchange Commission and to require the Commission to implement a rigorous, fair, and public process for waiving bad actor disqualifications in the securities laws.

Introduced: July 27, 2017 Introduced by: Waters, Maxine Democratic · California See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresCongressional oversightFinancial services and investmentsGovernment information and archives
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2017
Referred to the House Committee on Financial Services.
Jul 27, 2017
Introduced in House
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 Latest action July 27, 2017

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Bad Actor Disqualification Act of 2017

This bill amends the Securities Exchange Act of 1934 to establish procedures for obtaining a waiver from automatic disqualification provisions in securities law. (These disqualifications prevent future participation in certain capital market activities by entities or individuals who have committed misconduct.) Waiver-seeking entities must petition the Securities and Exchange Commission (SEC), and, after a public hearing, the SEC may vote to grant the waiver if it: (1) is in the public interest, (2) is necessary for investor protection, and (3) promotes market integrity.

The bill also directs the Government Accountability Office to report on the SEC's current waiver process.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 6
D
Green, Al
Texas · Dec 6, 2017
 D
Kaptur, Marcy
Ohio · Dec 6, 2017
 D
Lynch, Stephen F.
Massachusetts · Dec 6, 2017
 D
Norton, Eleanor Holmes
District of Columbia · Dec 6, 2017
 D
Schakowsky, Janice D.
Illinois · Dec 6, 2017
 D
Watson Coleman, Bonnie
New Jersey · Dec 6, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3519: Bad Actor Disqualification Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-3519/
MLA
"H.R. 3519: Bad Actor Disqualification Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-3519/.
Bluebook (legal)
H.R. 3519, 115th Cong. (2026), https://openamerica.io/bill/115-HR-3519/.
Markdown link
[H.R. 3519: Bad Actor Disqualification Act of 2017](https://openamerica.io/bill/115-HR-3519/)
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