skip to main content

S. 1960 (114th): A bill to establish a statute of limitations for certain actions of the Securities and Exchange Commission, and for other purposes.

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 statute of limitations for when the SEC can bring an enforcement action against a company or individual begins when the alleged violation was first committed, not when it was first ...

Sponsor and status

John “Jack” Reed

Sponsor. Senior Senator for Rhode Island. Democrat.

Read Text »
Last Updated: Aug 5, 2015
Length: 3 pages

Aug 5, 2015
114th Congress, 2015–2017

Died in a previous Congress

This bill was introduced on August 5, 2015, in a previous session of Congress, but was not enacted.


Aug 5, 2015

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

S. 1960 (114th) 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.

This bill was introduced in the 114th Congress, which met from Jan 6, 2015 to Jan 3, 2017. Legislation not enacted by the end of a Congress is cleared from the books.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S. 1960 — 114th Congress: A bill to establish a statute of limitations for certain actions of the Securities and ...” 2015. June 18, 2018 <>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from, the official portal of the United States Congress. is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.