United States · Bill · S
S. 799 (116th)
Securities Fraud Enforcement and Investor Compensation Act of 2019
Introduced
14 March 2019
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
Summary
Securities Fraud Enforcement and Investor Compensation Act of 2019 This bill provides statutory authority for the Securities and Exchange Commission (SEC) to seek disgorgement (i.e., repayment) as a remedy for unjust enrichment that a person gained through a securities law violation. It also allows the SEC to seek restitution for an investor's loss as a result of a securities law violation by a person registered as or associated with a securities dealer, broker, or other specified financial advisor. The bill establishes a 5-year statute of limitations for disgorgement and a 10-year statute of limitations for equitable remedies, including restitution.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 14 March 2019
Introduced in Senate (PDF)
Introduced in Senate · EN · 14 March 2019
Introduced in Senate
summary · EN · 14 March 2019
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/799
- Open data entity: https://api.congress.gov/v3/bill/116/s/799