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United States · Bill · HR

H.R. 6831 (96th)

A bill to amend the Securities Investor Protection Act to increase the amount of protection available under such Act to customers of brokers and dealers.

referredUnited States· United States Congress· EN

Introduced

17 March 1980

Last action

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Status

Referred to House Committee on Interstate and Foreign Commerce.

Sponsors

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Subjects

Discovery layer

Source updated

5 February 2024

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Summary

Amends the Securities Investor Protection Act to increase from $100,000 to $500,000 the maximum amount which the Securities Investor Protection Corporation may distribute to a customer in the liquidation of a broker-dealer. Permits up to $100,000 of such amount (presently, $40,000) to be used to satisfy a claim for cash.

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Documents

1 official file

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Sources

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