S. 2499 · 115th Congress
A bill to require the Financial Industry Regulatory Authority to establish a relief fund to provide investors…
Full title
A bill to require the Financial Industry Regulatory Authority to establish a relief fund to provide investors with the full value of unpaid arbitration awards issued against brokerage firms or brokers regulated by the Authority.
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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
WarrenSponsor2 cosponsors · 1 D, 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill directs the Financial Industry Regulatory Authority (FINRA) to compensate investors for the full value of unpaid arbitration awards. To qualify, an award must be the result of a final order issued in favor of an investor against a brokerage firm or broker regulated by FINRA.
What it does: CRS summary · Introduced in Senate · Mar 6, 2018
This bill directs the Financial Industry Regulatory Authority (FINRA) to compensate investors for the full value of unpaid arbitration awards. To qualify, an award must be the result of a final order issued in favor of an investor against a brokerage firm or broker regulated by FINRA.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to require the Financial Industry Regulatory Authority to establish a relief fund to provide investors with the full value of unpaid arbitration awards issued against brokerage firms or brokers regulated by the Authority.
Latest action (Jun 28, 2018): Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-406.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Mar 6, 2018
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.