Securities Litigation Attorney Accountability and Transparency Act

referredUnited States· United States Congress· EN

Introduced

19 May 2008

Last action

19 May 2008 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary

Securities Litigation Attorney Accountability and Transparency Act - Amends the Securities Exchange Act of 1934 and the Securities Act of 1933 to require plaintiff and plaintiff's attorney to provide sworn, signed certifications that identify any actual or promised payment by the attorney to the plaintiff, beyond the plaintiff's pro rata share of any recovery. Requires similar plaintiff and plaintiff's attorney certifications regarding: (1) legal representations; (2) contributions; and (3) conflicts of interest. Requires the court, in exercising discretion over the approval of lead counsel, to employ a competitive bidding process as one of the criteria (unless the court determines that such a process is not feasible). Instructs the Comptroller General to study and report to certain congressional committees on average hourly fees in securities class actions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

19 May 2008
Introduced
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
19 May 2008
Introduced
Sponsor introductory remarks on measure. (CR S4376-4377)
Source: IntroReferral
19 May 2008
Introduced
Introduced in Senate
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in Senate · 19 May 2008 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 19 May 2008
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Introduced in Senate (PDF)
Introduced in Senate · EN · 19 May 2008
View Download Open at official source
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
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Introduced in Senate
summary · EN · 19 May 2008
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to → Securities Litigation Attorney Accountability and Transparency Act
related to → Securities Litigation Attorney Accountability and Transparency Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/110th-congress/senate-bill/3033
Open data entity: https://api.congress.gov/v3/bill/110/s/3033
us · 110-s-3033 · source updated 14 August 2025