To amend the Securities Investor Protection Act of 1970 to provide insurance coverage for certain indirect investors caught in Ponzi schemes, and for other purposes.
The bill’s titles are written by its sponsor.
Sponsor and status
Sponsor. Representative for New York's 5th congressional district. Democrat.
Last Updated: May 25, 2011
Length: 12 pages
112th Congress (2011–2013)
This bill was introduced on May 25, 2011, in a previous session of Congress, but it did not receive a vote.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
8 Cosponsors (8 Democrats)
Apr 15, 2010
Earlier Version — Introduced
This activity took place on a related bill, H.R. 5032 (111th).
May 25, 2011
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
H.R. 1987 (112th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 1987. This is the one from the 112th Congress.
This bill was introduced in the 112th Congress, which met from Jan 5, 2011 to Jan 3, 2013. Legislation not passed by the end of a Congress is cleared from the books.
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GovTrack.us. (2023). H.R. 1987 — 112th Congress: Ponzi Scheme Investor Protection Act of 2011. Retrieved from https://www.govtrack.us/congress/bills/112/hr1987
“H.R. 1987 — 112th Congress: Ponzi Scheme Investor Protection Act of 2011.” www.GovTrack.us. 2011. September 29, 2023 <https://www.govtrack.us/congress/bills/112/hr1987>
Ponzi Scheme Investor Protection Act of 2011, H.R. 1987, 112th Cong..
|title=H.R. 1987 (112th)
|accessdate=September 29, 2023
|author=112th Congress (2011)
|date=May 25, 2011
|quote=Ponzi Scheme Investor Protection Act of 2011
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