S 865 · 104th Congress · Finance and Financial Sector

A bill entitled the "Securities Act Amendment of 1995".

Introduced 1995-05-25· Sponsored by Sen. Bennett, Robert F. [R-UT]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking.(1995-05-25)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Securities Act of 1933 to declare that the civil remedy of rescission shall not be available with respect to material misrepresentations or omissions in a prospectus or communication in connection with an offer or sale of a security if the defendant proves that any depreciation in the value of such security did not result from a misrepresentation or omission in a prospectus. Limits the plaintiff's recovery of damages to only so much of the depreciation in the security's value as the defendant fails to prove to have resulted from a cause other than the misrepresentation or omission in the prospectus.…

Summarized by Claude AI · Non-partisan · For informational purposes only