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
Sponsor. Senior Senator for Rhode Island. Democrat.
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.
Sep 18, 2014
Earlier Version — Introduced
This activity took place on a related bill, S. 2868 (113th).
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.
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Civic Impulse. (2018). S. 1960 — 114th Congress: A bill to establish a statute of limitations for certain actions of the Securities and ... Retrieved from https://www.govtrack.us/congress/bills/114/s1960
“S. 1960 — 114th Congress: A bill to establish a statute of limitations for certain actions of the Securities and ...” www.GovTrack.us. 2015. February 19, 2018 <https://www.govtrack.us/congress/bills/114/s1960>
|title=S. 1960 (114th)
|accessdate=February 19, 2018
|author=114th Congress (2015)
|date=August 5, 2015
|quote=A bill to establish a statute of limitations for certain actions of the Securities and ...
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