S.1960 - A bill to establish a statute of limitations for certain actions of the Securities and Exchange Commission, and for other purposes.114th Congress (2015-2016)
|Sponsor:||Sen. Reed, Jack [D-RI] (Introduced 08/05/2015)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 08/05/2015 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6386) (All Actions)|
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Summary: S.1960 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in Senate (08/05/2015)
Amends the Securities Exchange Act of 1934 to establish a 10-year statute of limitations governing an action or proceeding by the Securities and Exchange Commission for a civil monetary penalty.
Tolls this statute of limitations any time an alleged violator is either absent from the United States or has no reasonably ascertainable place of abode or work within it.