HR 6831 · 96th Congress · Finance and Financial Sector

A bill to amend the Securities Investor Protection Act to increase the amount of protection available under such Act to customers of brokers and dealers.

Introduced 1980-03-17· Sponsored by Rep. Staggers, Harley O. [D-WV-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Interstate and Foreign Commerce.(1980-03-17)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Securities Investor Protection Act to increase from $100,000 to $500,000 the maximum amount which the Securities Investor Protection Corporation may distribute to a customer in the liquidation of a broker-dealer. Permits up to $100,000 of such amount (presently, $40,000) to be used to satisfy a claim for cash.…

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

Cosponsors (3)

1 Democrat2 Republicans
Rep. Scheuer, James H. [D-NY-11]NY
Rep. Broyhill, James T. [R-NC-10]NC
Rep. Rinaldo, Matthew J. [R-NJ-12]