Securities Litigation Improvement Act of 1997

Summary

Securities Litigation Improvement Act of 1997 - Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to proscribe bringing a private civil action in State court or under State law (including a pendent State claim to an action under Federal law) which alleges: (1) a misrepresentation or omission in connection with the purchase or sale of a covered security (a security that is exclusively under Federal registration); or (2) that the defendant used any manipulative or deceptive device in connection with such a transaction. Grants Federal district courts exclusive jurisdiction over suits and offenses brought under the Act.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 16 May 1997

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• Introduced in House (PDF)

  Introduced in House · EN · 16 May 1997

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• Introduced in House

  summary · EN · 16 May 1997

  Open at official source

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