S. 1960: A bill to establish a statute of limitations for certain actions of the Securities and Exchange Commission, and for other purposes.


Aug 5, 2015


Referred to Committee on Aug 5, 2015

This bill was assigned to a congressional committee on August 5, 2015, which will consider it before possibly sending it on to the House or Senate as a whole.


John “Jack” Reed

Senior Senator from Rhode Island



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Last Updated: Aug 5, 2015
Length: 3 pages


1% chance of being enacted (details)

About the bill

The Securities and Exchange Commission (SEC) is the agency tasked with overseeing and punishing misconduct on the financial markets. Last fiscal year they undertook 807 enforcement actions, yielding $4.2 billion in penalties — both record highs. But Sen. Jack Reed (D-RI) believes more can still be done.

The 2013 unanimous Supreme Court decision Gabelli v. SEC ruled that the five-year ...

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Aug 5, 2015

This is the first step in the legislative process.

Reported by Committee

Passed Senate

Passed House

Signed by the President

This page is about 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.

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