Bad Actor Disqualification Act of 2017

Summary

Bad Actor Disqualification Act of 2017 This bill amends the Securities Exchange Act of 1934 to establish procedures for obtaining a waiver from automatic disqualification provisions in securities law. (These disqualifications prevent future participation in certain capital market activities by entities or individuals who have committed misconduct.) Waiver-seeking entities must petition the Securities and Exchange Commission (SEC), and, after a public hearing, the SEC may vote to grant the waiver if it: (1) is in the public interest, (2) is necessary for investor protection, and (3) promotes market integrity. The bill also directs the Government Accountability Office to report on the SEC's current waiver process.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 27 July 2017

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• Introduced in House (PDF)

  Introduced in House · EN · 27 July 2017

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• Introduced in House

  summary · EN · 27 July 2017

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