114-hr-3798114th Congress

Due Process Restoration Act of 2015

Sponsored By: Representative Garrett, Scott [R-NJ-5]

Unknown

Summary

Due Process Restoration Act of 2015 This bill amends the Securities Exchange Act of 1934 to authorize a person who is a party to an administrative proceeding brought by the Securities and Exchange Commission (SEC) under a securities law, and against whom an order imposing a cease and desist order and a penalty may be issued at the conclusion of the proceeding, to require the SEC to terminate the proceeding. If a person requires the SEC to terminate a proceeding, the SEC may bring a civil action against that person for the same remedy that might have been imposed. A legal or equitable remedy may be imposed on a person against whom an administrative proceeding was brought only upon a showing by the SEC of clear and convincing evidence that the person has violated the relevant provision of law.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Garrett, Scott [R-NJ-5]

NJ • R

Cosponsors

  • Rep. Emmer, Tom [R-MN-6]

    MN • R

    Sponsored 5/26/2016

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation