H.R.417: Securities Private Enforcement Reform Act

About This Bill

Bill Cosponsors

181 (67 Democrats, 114 Republicans)

Bill Summary

Securities Private Enforcement Reform Act - Amends the Securities Exchange Act of 1934 to declare that a defendant may be liable jointly and severally for damages in an implied private action only if the trier of fact specifically determines that the defendant knowingly engaged in securities fraud. Sets forth a liability allocation scheme to determine the percentage of responsibility among the defendants if the trier of fact finds that the...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Energy and Commerce.
Referred to the Subcommittee on Telecommunications and Finance.
Jan. 5, 1993

Introduced in the House by William J. Tauzin (R-La.)

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