United States · Bill · HR
H.R. 5032 (111th)
Ponzi Scheme Investor Protection Act of 2010
Introduced
15 April 2010
Last action
15 April 2010 · Introduced
Status
Referred to the House Committee on Financial Services.
Sponsors
Rep. Ackerman, Gary L. [D-NY-5], Rep. Maffei, Daniel B. [D-NY-25], Rep. King, Peter T. [R-NY-2], Rep. Klein, Ron [D-FL-22], Rep. Perlmutter, Ed [D-CO-7], Rep. Speier, Jackie [D-CA-14], Rep. Ros-Lehtinen, Ileana [R-FL-27], Rep. Thompson, Bennie G. [D-MS-2], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Hodes, Paul W. [D-NH-2], Rep. Weiner, Anthony D. [D-NY-9], Rep. Hall, John J. [D-NY-19], Rep. Israel, Steve [D-NY-3], Rep. Bishop, Timothy H. [D-NY-1], Rep. Crowley, Joseph [D-NY-14], Rep. Lowey, Nita M. [D-NY-17], Rep. Himes, James A. [D-CT-4], Rep. McCarthy, Carolyn [D-NY-4], Rep. Rothman, Steven R. [D-NJ-9], Rep. Deutch, Theodore E. [D-FL-22], Rep. Owens, William L. [D-NY-23], Rep. McGovern, James P. [D-MA-2], Rep. Hastings, Alcee L. [D-FL-20], Rep. Shea-Porter, Carol [D-NH-1], Rep. Green, Al [D-TX-9], Rep. Cohen, Steve [D-TN-9], Rep. McMahon, Michael E. [D-NY-13], Rep. Nye, Glenn C. [D-VA-2]
Subjects
Discovery layer
Source updated
14 August 2025
Summary
Ponzi Scheme Investor Protection Act of 2010 - Amends the Securities Investor Protection Act of 1970 with respect to the duties of a trustee appointed for a Securities and Exchange Commission (SEC)-registered broker or dealer undergoing liquidation. Instructs the trustee to take specified actions if the trustee determines that the debtor is a Ponzi scheme. Establishes procedures for an indirect Ponzi scheme investor to file a claim. Instructs the trustee to: (1) coordinate with Ponzi scheme investors to ensure proper payments to indirect Ponzi scheme investors; and (2) take specified actions to pay indirect Ponzi scheme investors. Prescribes the maximum aggregate amount of all cash and securities that may be awarded to each indirect Ponzi scheme investor. Prohibits the trustee of a Ponzi scheme from seeking to recover money and profits from any Ponzi scheme investor unless such investor's participation in the Ponzi scheme was either complicit or negligent. Requires the Securities Investor Protection Corporation (SIPC) to: (1) advance to the trustee such moneys as may be required to pay claims and implement this Act; and (2) promulgate regulations modifying SIPC Fund assessment levels to ensure they are adequate to cover the anticipated costs of implementing this Act.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
15 April 2010
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
15 April 2010
Introduced
Introduced in House
Source: IntroReferral
15 April 2010
Introduced
Introduced in House
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in House · 15 April 2010 · Download file
Documents
3 official files
Introduced in House (text)
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Introduced in House (text)
Introduced in House · EN · 15 April 2010
Introduced in House (PDF)
Introduced in House · EN · 15 April 2010
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Introduced in House
summary · EN · 15 April 2010
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Ackerman, Gary L. [D-NY-5] · D · Sponsor
- Rep. Maffei, Daniel B. [D-NY-25] · D · Sponsor
- Rep. King, Peter T. [R-NY-2] · R · Sponsor
- Rep. Klein, Ron [D-FL-22] · D · Sponsor
- Rep. Perlmutter, Ed [D-CO-7] · D · Sponsor
- Rep. Speier, Jackie [D-CA-14] · D · Sponsor
- Rep. Ros-Lehtinen, Ileana [R-FL-27] · R · Cosponsor
- Rep. Thompson, Bennie G. [D-MS-2] · D · Cosponsor
- Rep. Maloney, Carolyn B. [D-NY-12] · D · Cosponsor
- Rep. Hodes, Paul W. [D-NH-2] · D · Cosponsor
- Rep. Weiner, Anthony D. [D-NY-9] · D · Cosponsor
- Rep. Hall, John J. [D-NY-19] · D · Cosponsor
- Rep. Israel, Steve [D-NY-3] · D · Cosponsor
- Rep. Bishop, Timothy H. [D-NY-1] · D · Cosponsor
- Rep. Crowley, Joseph [D-NY-14] · D · Cosponsor
- Rep. Lowey, Nita M. [D-NY-17] · D · Cosponsor
- Rep. Himes, James A. [D-CT-4] · D · Cosponsor
- Rep. McCarthy, Carolyn [D-NY-4] · D · Cosponsor
- Rep. Rothman, Steven R. [D-NJ-9] · D · Cosponsor
- Rep. Deutch, Theodore E. [D-FL-22] · D · Cosponsor
- Rep. Owens, William L. [D-NY-23] · D · Cosponsor
- Rep. McGovern, James P. [D-MA-2] · D · Cosponsor
- Rep. Hastings, Alcee L. [D-FL-20] · D · Cosponsor
- Rep. Shea-Porter, Carol [D-NH-1] · D · Cosponsor
- Rep. Green, Al [D-TX-9] · D · Cosponsor
- Rep. Cohen, Steve [D-TN-9] · D · Cosponsor
- Rep. McMahon, Michael E. [D-NY-13] · D · Cosponsor
- Rep. Nye, Glenn C. [D-VA-2] · D · Cosponsor
- · hsba00 · Standing
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/111th-congress/house-bill/5032
- Open data entity: https://api.congress.gov/v3/bill/111/hr/5032
- us · 111-hr-5032 · source updated 14 August 2025