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- H.R.417
H.R.417: Securities Private Enforcement Reform Act
About This Bill
- Introduced Jan. 5, 1993
- Latest Major Action Jan. 28, 1993
- See the one similar bills introduced in other congresses.
Bill Sponsor
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 |
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Referred to the House Committee on Energy and Commerce.
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Referred to the Subcommittee on Telecommunications and Finance.
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Jan. 5, 1993 |
Introduced in the House by William J. Tauzin (R-La.) |