H.R. 3519 · 115th Congress
Bad Actor Disqualification Act of 2017
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
WatersSponsor9 cosponsors · 9 D
D
Ellison
RG
D
Grijalva
AG
D
Green
MK
D
Kaptur
SL
D
Lynch
EN
D
Norton
DP
D
Price
JS
D
Schakowsky
BW
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Watson Coleman0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Securities Exchange Act of 1934 to establish procedures for obtaining a waiver from automatic disqualification provisions in securities law.
What it does: CRS summary · Introduced in House · Jul 27, 2017
Bad Actor Disqualification Act of 2017
This bill amends the Securities Exchange Act of 1934 to establish procedures for obtaining a waiver from automatic disqualification provisions in securities law. (These disqualifications prevent future participation in certain capital market activities by entities or individuals who have committed misconduct.) Waiver-seeking entities must petition the Securities and Exchange Commission (SEC), and, after a public hearing, the SEC may vote to grant the waiver if it: (1) is in the public interest, (2) is necessary for investor protection, and (3) promotes market integrity.
The bill also directs the Government Accountability Office to report on the SEC's current waiver process.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Bad Actor Disqualification Act of 2017
Latest action (Jul 27, 2017): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jul 27, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.