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- H.R.8188
H.R.8188: Mutual Fund Litigation Reform Act
About This Bill
- Introduced Sept. 8, 2020
- Latest Major Action Sept. 8, 2020
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - Sept. 8, 2020
Bill Summary
Mutual Fund Litigation Reform Act This bill specifies burden-of-proof and complaint requirements with respect to certain actions for breach of fiduciary duty against an investment adviser. Specifically, complaints must state certain facts with particularity, and a security holder has the burden of proving a breach of fiduciary duty by clear and convincing evidence.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Sept. 8, 2020 |
Referred to the Committee on Financial Services, 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.
|
| Sept. 8, 2020 |
Introduced in the House by Tom Emmer (R-Minn.) |