United States · Bill · HR
H.R. 699 (117th)
Mutual Fund Litigation Reform Act
Introduced
2 February 2021
Last action
—
Status
Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.
Sponsors
—
Subjects
Discovery layer
Source updated
16 January 2025
Summary
Mutual Fund Litigation Reform Act This bill specifies burden-of-proof and complaint requirements with respect to certain actions for breach of fiduciary duty against an investment adviser. Specifically, complaints must state certain facts with particularity, and a security holder has the burden of proving a breach of fiduciary duty by clear and convincing evidence.
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 2 February 2021
Introduced in House (PDF)
Introduced in House · EN · 2 February 2021
Introduced in House
summary · EN · 2 February 2021
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/house-bill/699
- Open data entity: https://api.congress.gov/v3/bill/117/hr/699