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United States · Bill · HR

H.R. 1689 (105th)

Securities Litigation Uniform Standards Act of 1998

openUnited States· United States Congress· EN

Introduced

21 May 1997

Last action

22 July 1998 · Floor

Status

Laid on the table. See S. 1260 for further action. (consideration: CR H6121)

Sponsors

Rep. White, Rick [R-WA-1], Rep. Eshoo, Anna G. [D-CA-18], Rep. Barton, Joe [R-TX-6], Sen. Brown, Sherrod [D-OH], Rep. Bilbray, Brian P. [R-CA-50], Rep. Dooley, Calvin M. [D-CA-20], Rep. Campbell, Tom [R-CA-15], Rep. Fazio, Vic [D-CA-3], Sen. Coburn, Tom [R-OK], Rep. Farr, Sam [D-CA-20], Rep. Cox, Christopher [R-CA-48], Rep. Frank, Barney [D-MA-4], Rep. Dunn, Jennifer [R-WA-8], Rep. Harman, Jane [D-CA-36], Rep. Klug, Scott L. [R-WI-2], Rep. Kennedy, Joseph P., II [D-MA-8], Rep. Nethercutt, George R., Jr. [R-WA-5], Rep. Lofgren, Zoe [D-CA-18], Rep. Paxon, Bill [R-NY-27], Rep. Roemer, Tim [D-IN-3], Rep. Pryce, Deborah [R-OH-15], Rep. Tauscher, Ellen O. [D-CA-10], Rep. Tauzin, W. J. (Billy) [R-LA-3], Rep. Towns, Edolphus [D-NY-10], Rep. Deutsch, Peter [D-FL-20], Rep. Rogan, James E. [R-CA-27], Rep. Pelosi, Nancy [D-CA-11], Sen. Burr, Richard [R-NC], Rep. Shimkus, John [R-IL-15], Rep. Deal, Nathan [R-GA-9], Rep. Kleczka, Gerald D. [D-WI-4], Rep. Pickett, Owen B. [D-VA-2], Rep. Hastert, J. Dennis [R-IL-14], Rep. Pallone, Frank [D-NJ-6], Rep. Rush, Bobby L. [D-IL-1], Rep. Furse, Elizabeth [D-OR-1], Rep. Ganske, Greg [R-IA-4], Rep. Myrick, Sue Wilkins [R-NC-9], Sen. Crapo, Mike [R-ID], Rep. Stearns, Cliff [R-FL-6], Rep. Boehner, John A. [R-OH-8], Rep. Moran, James P. [D-VA-8], Rep. Blumenauer, Earl [D-OR-3], Rep. Gordon, Bart [D-TN-6], Rep. Green, Gene [D-TX-29], Rep. Hall, Ralph M. [R-TX-4], Rep. McCarthy, Karen [D-MO-5], Rep. Hoyer, Steny H. [D-MD-5]

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Securities Litigation Uniform Standards Act of 1997 - Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to proscribe bringing a private class action based upon State or municipal law in State or Federal court by any private party alleging: (1) an untrue statement or omission in connection with the purchase or sale of a covered security; or (2) that the defendant used any manipulative or deceptive device in connection with such a transaction. Declares that any class action brought in any State court involving a covered security shall be removable to the Federal district court for the district in which the action is pending.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 21 May 1997

    Introduced

    Referred to the House Committee on Commerce.

    Source: IntroReferral

  2. 21 May 1997

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 21 May 1997

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 29 May 1997

    Referred

    Referred to the Subcommittee on Finance and Hazardous Materials.

    Source: Committee

  5. 19 May 1998

    Committee

    Subcommittee Hearings Held.

    Source: Committee

  6. 10 June 1998

    Vote

    Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 21 - 4.

    Source: Committee

  7. 10 June 1998

    Committee

    Subcommittee Consideration and Mark-up Session Held.

    Source: Committee

  8. 24 June 1998

    Reported

    Ordered to be Reported (Amended) by Voice Vote.

    Source: Committee

  9. 24 June 1998

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  10. 21 July 1998

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

  11. 21 July 1998

    Floor

    DEBATE - The House proceeded with forty minutes of debate.

    Source: Floor

  12. 21 July 1998

    Floor

    Considered under suspension of the rules. (consideration: CR H6052-6064)

    Source: Floor

  13. 21 July 1998

    Floor

    Mr. Bliley moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  14. 21 July 1998

    Calendars

    Placed on the Union Calendar, Calendar No. 361.

    Source: Calendars

  15. 21 July 1998

    Reported

    Reported (Amended) by the Committee on Commerce. H. Rept. 105-640.

    Source: Committee

  16. 21 July 1998

    Reported

    Reported (Amended) by the Committee on Commerce. H. Rept. 105-640.

    Source: Committee

  17. 22 July 1998

    Floor

    Laid on the table. See S. 1260 for further action. (consideration: CR H6121)

    Source: Floor

  18. 22 July 1998

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  19. 22 July 1998

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 340 - 83, 1 Present (Roll No. 318).

    Source: Floor

  20. 22 July 1998

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 340 - 83, 1 Present (Roll No. 318).

    Source: Floor

  21. 22 July 1998

    Floor

    Considered as unfinished business. (consideration: CR H6119-6120)

    Source: Floor

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Reported in House (text)

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Leesvertaling

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  • Passed House amended

    summary · EN · 22 July 1998

    Open at official source

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  • Reported in House (text)

    Reported in House · EN · 21 July 1998

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  • Reported in House (PDF)

    Reported in House · EN · 21 July 1998

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  • Introduced in House (text)

    Introduced in House · EN · 21 May 1997

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  • Introduced in House (PDF)

    Introduced in House · EN · 21 May 1997

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  • Introduced in House

    summary · EN · 21 May 1997

    Open at official source

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Sponsors

Showing 48 of 234 sponsors and actors.

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Sources

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