Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- H.R.1987
H.R.1987: Ponzi Scheme Investor Protection Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about finance and financial sector
- Introduced May 25, 2011
- Latest Major Action March 7, 2012
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
8 (All Democrats)
Bill Summary
Ponzi Scheme Investor Protection Act of 2011 - Amends the Securities Investor Protection Act of 1970 with respect to the duties of a trustee appointed for a Securities and Exchange Commission (SEC)-registered broker or dealer undergoing liquidation. Instructs the trustee to take specified actions if the trustee determines that the debtor is a Ponzi scheme. Establishes procedures for an indirect Ponzi scheme investor to file a claim. Instructs...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Subcommittee Hearings Held.
|
|
|
Referred to the House Committee on Financial Services.
|
|
|
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
|
|
| May 25, 2011 |
Introduced in the House by Gary L. Ackerman (D-N.Y.) |