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H.R. 8188 116th Congress House

Mutual Fund Litigation Reform Act

Official title: To amend the Investment Company Act of 1940 to provide complaint and burden of proof requirements for certain actions for breach of fiduciary duty.

Introduced: September 8, 2020 Introduced by: Tom Emmer Republican · Minnesota See on congress.gov
Finance and Financial Sector Civil actions and liabilityEvidence and witnessesFinancial services and investmentsSecurities
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Sep 8, 2020
Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 8, 2020
Introduced in House
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 Latest action September 8, 2020

Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Plain-English summary Congressional Research Service

Mutual Fund Litigation Reform Act

This bill specifies burden-of-proof and complaint requirements with respect to certain actions for breach of fiduciary duty against an investment adviser. Specifically, complaints must state certain facts with particularity, and a security holder has the burden of proving a breach of fiduciary duty by clear and convincing evidence.

 Related & companion bills 2
  • HR 699 Reintroduced Bill Mutual Fund Litigation Reform Act
  • HR 4738 Reintroduction of Mutual Fund Litigation Reform Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 8188: Mutual Fund Litigation Reform Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-8188/
MLA
"H.R. 8188: Mutual Fund Litigation Reform Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-8188/.
Bluebook (legal)
H.R. 8188, 116th Cong. (2026), https://openamerica.io/bill/116-HR-8188/.
Markdown link
[H.R. 8188: Mutual Fund Litigation Reform Act](https://openamerica.io/bill/116-HR-8188/)
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