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S 3977 117th Congress Senate Finance and Financial Sector

SEC Whistleblower Reform Act of 2022

Introduced: March 31, 2022 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 31, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 31, 2022
Introduced in Senate
 Plain-English summary Congressional Research Service

SEC Whistleblower Reform Act of 2022

This bill expands and revises whistleblower protections applicable to individuals who provide information to the Securities and Exchange Commission (SEC) relating to a violation of securities laws.

The prohibition of retaliation against whistleblowers is expanded to include individuals who provide information regarding potential violations to supervisors or other employees in positions of authority.

Additionally, the bill establishes the right to a jury trial for a person accused of violating whistleblower protection laws.

The bill also requires the SEC to make an initial disposition of a whistleblower award claim within the later of (1) one year of the deadline to submit such a claim, or (2) one year after the final resolution of any litigation in the matter.

Finally, the bill deems as unenforceable a predispute arbitration agreement regarding a whistleblower action.

What's happening now March 31, 2022

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

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3 Republican 1