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H.R. 4344: Investor Protection and Capital Markets Fairness Act

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To amend the Securities Exchange Act of 1934 to allow the Securities and Exchange Commission to seek and Federal courts to grant disgorgement of unjust enrichment, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Ben McAdams

Sponsor. Representative for Utah's 4th congressional district. Democrat.

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Last Updated: Nov 18, 2019
Length: 6 pages
Introduced
Sep 17, 2019
Status

Passed House (Senate next) on Nov 18, 2019

This bill passed in the House on November 18, 2019 and goes to the Senate next for consideration.

Prognosis
15% chance of being enacted according to Skopos Labs (details)
Source

Position statements

What legislators are saying

McAdams’ bill aiding consumers hurt by investment fraud passes the House
    — Rep. Ben McAdams [D-UT4] (Sponsor) on Nov 18, 2019

House passes Huizenga Legislation to Help Victims of Fraud Recover Losses
    — Rep. Bill Huizenga [R-MI2] (Co-sponsor) on Nov 19, 2019

Cleaver Applauds House Passage of TRIA Legislation and Other Financial Services Bills
    — Rep. Emanuel Cleaver [D-MO5] on Nov 19, 2019

More statements at ProPublica Represent...

What stakeholders are saying

Institute for Spending Reform SpendingTracker.org estimates H.R. 4344 will add $41 million in new spending through 2029.

History

Sep 17, 2019
 
Introduced

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

Sep 18, 2019
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Sep 20, 2019
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Nov 15, 2019
 
On House Schedule

The House indicated that this bill would be considered in the week ahead.

Nov 18, 2019
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

If this bill has further action, the following steps may occur next:
 
Passed Senate

 
Signed by the President

H.R. 4344 is 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.

How to cite this information.

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“H.R. 4344 — 116th Congress: Investor Protection and Capital Markets Fairness Act.” www.GovTrack.us. 2019. November 20, 2019 <https://www.govtrack.us/congress/bills/116/hr4344>

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 Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.