H.R.675: Securities Litigation Equity Act of 1995

About This Bill

  • This bill was introduced in the 104th Congress
  • This bill is primarily about congress
  • Introduced Jan. 25, 1995
  • Latest Major Action Feb. 21, 1995

Bill Summary

Securities Litigation Equity Act of 1995 - Amends the Securities Exchange Act of 1934 (the Act) to prohibit brokers, dealers, or associated persons from soliciting or accepting referral fees from an attorney for obtaining the representation of a customer in any implied private action. (Sec. 2) Prohibits, unless otherwise ordered by the court, the use of funds disgorged solely as the result of any administrative or court action brought by the...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the Committee on Commerce, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Commerce
Referred to House Judiciary
Sponsor introductory remarks on measure.
Referred to the Subcommittee on Telecommunications and Finance.
Jan. 25, 1995

Introduced in the House by Norman Y. Mineta (D-Calif.)

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