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118-hr-9342Committee
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Securities Enforcement Clarity Act of 2024

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Summary

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This bill amends four major securities laws to establish a uniform standard for determining the number of violations in SEC enforcement actions. It specifies that separate acts of noncompliance count as a single violation when they result from a common cause, the same misstatement or omission, or a continuing failure to comply. The amendments apply to the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940.

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Bill details

Congress
118
Bill type
hr
Introduced
August 9, 2024
Sponsor
Not yet available
Last action
August 9, 2024— Referred to the House Committee on Financial Services.

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