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United States · Bill · HR

H.R. 3798 (114th)

Due Process Restoration Act of 2015

openUnited States· United States Congress· EN

Introduced

22 October 2015

Last action

Status

Placed on the Union Calendar, Calendar No. 539.

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Due Process Restoration Act of 2015 This bill amends the Securities Exchange Act of 1934 to authorize a person who is a party to an administrative proceeding brought by the Securities and Exchange Commission (SEC) under a securities law, and against whom an order imposing a cease and desist order and a penalty may be issued at the conclusion of the proceeding, to require the SEC to terminate the proceeding. If a person requires the SEC to terminate a proceeding, the SEC may bring a civil action against that person for the same remedy that might have been imposed. A legal or equitable remedy may be imposed on a person against whom an administrative proceeding was brought only upon a showing by the SEC of clear and convincing evidence that the person has violated the relevant provision of law.

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Documents

6 official files

Reported in House (text)

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