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S. 799 116th Congress Senate

Securities Fraud Enforcement and Investor Compensation Act of 2019

Official title: A bill to amend the Securities Exchange Act of 1934 to clarify that the Security and Exchange Commission may seek disgorgement and restitution as a result of a… Show full official titleShow less

Official title: A bill to amend the Securities Exchange Act of 1934 to clarify that the Security and Exchange Commission may seek disgorgement and restitution as a result of a violation of the securities laws, to establish the statute of limitations for disgorgement and equitable actions brought by the Commission, and for other purposes.

Introduced: March 14, 2019 Introduced by: Mark R. Warner Democratic · Virginia See on congress.gov
Finance and Financial Sector Civil actions and liabilityCriminal investigation, prosecution, interrogationFinancial services and investmentsFraud offenses and financial crimesSecurities
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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
Mar 14, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 14, 2019
Introduced in Senate
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 Latest action March 14, 2019

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Securities Fraud Enforcement and Investor Compensation Act of 2019

This bill provides statutory authority for the Securities and Exchange Commission (SEC) to seek disgorgement (i.e., repayment) as a remedy for unjust enrichment that a person gained through a securities law violation. It also allows the SEC to seek restitution for an investor's loss as a result of a securities law violation by a person registered as or associated with a securities dealer, broker, or other specified financial advisor.

The bill establishes a 5-year statute of limitations for disgorgement and a 10-year statute of limitations for equitable remedies, including restitution.

 Related & companion bills 2
  • HR 4344 Investor Protection and Capital Markets Fairness Act
  • S 2563 ILLICIT CASH Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Kennedy, John
Louisiana · Mar 14, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 799: Securities Fraud Enforcement and Investor Compensation Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-799/
MLA
"S. 799: Securities Fraud Enforcement and Investor Compensation Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-799/.
Bluebook (legal)
S. 799, 116th Cong. (2026), https://openamerica.io/bill/116-S-799/.
Markdown link
[S. 799: Securities Fraud Enforcement and Investor Compensation Act of 2019](https://openamerica.io/bill/116-S-799/)
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