HR 1689 · 105th Congress · Finance and Financial Sector
Securities Litigation Uniform Standards Act of 1998
Bill Progress
✓
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Laid on the table. See S. 1260 for further action. (consideration: CR H6121)(1998-07-22)
Recorded Votes
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Plain Language Summary
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Securities Litigation Uniform Standards Act of 1997 - Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to proscribe bringing a private class action based upon State or municipal law in State or Federal court by any private party alleging: (1) an untrue statement or omission in connection with the purchase or sale of a covered security; or (2) that the defendant used any manipulative or deceptive device in connection with such a transaction. Declares that any class action brought in any State court involving a covered security shall be removable to the Federal district court for the district in which the action is pending.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 1689, Securities Litigation Uniform Standards Act of 1998
Jul 6, 1998Cost estimate for the bill as ordered reported by the House Committee on Commerce on June 24, 1998
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (20)
10 Democrats10 Republicans