HR 3798 · 114th Congress · Finance and Financial Sector
Due Process Restoration Act of 2015
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Placed on the Union Calendar, Calendar No. 539.(2016-07-21)
Plain Language Summary
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Due Process Restoration Act of 2015 This bill amends the Securities Exchange Act of 1934 to authorize a person who is a party to an administrative proceeding brought by the Securities and Exchange Commission (SEC) under a securities law, and against whom an order imposing a cease and desist order and a penalty may be issued at the conclusion of the proceeding, to require the SEC to terminate the proceeding. If a person requires the SEC to terminate a proceeding, the SEC may bring a civil action against that person for the same remedy that might have been imposed. A legal or equitable remedy may be imposed on a person against whom an administrative proceeding was brought only upon a showing by the SEC of clear and convincing evidence that the person has violated the relevant provision of law.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 3798, Due Process Restoration Act of 2015
Jun 28, 2016As ordered reported by the House Committee on Financial Services on March 2, 2016
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office