Legis Daily

Mutual Fund Litigation Reform Act

USA117th CongressHR-699| House 
| Updated: 3/22/2021
Tom Emmer

Tom Emmer

Republican Representative

Minnesota

Financial Services Committee, Courts, Intellectual Property, Artificial Intelligence, and the Internet Subcommittee, Judiciary Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Mutual Fund Litigation Reform Act This bill specifies burden-of-proof and complaint requirements with respect to certain actions for breach of fiduciary duty against an investment adviser. Specifically, complaints must state certain facts with particularity, and a security holder has the burden of proving a breach of fiduciary duty by clear and convincing evidence.
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Timeline

Bill from Previous Congress

HR 116-8188
Mutual Fund Litigation Reform Act

Bill from Previous Congress

HR 115-4738
Mutual Fund Litigation Reform Act
Feb 2, 2021
Introduced in House
Feb 2, 2021
Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 22, 2021
Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.

  • Bill from Previous Congress

    HR 116-8188
    Mutual Fund Litigation Reform Act

  • Bill from Previous Congress

    HR 115-4738
    Mutual Fund Litigation Reform Act
  • February 2, 2021
    Introduced in House
  • February 2, 2021
    Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • March 22, 2021
    Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.

Finance and Financial Sector

Civil actions and liabilityEvidence and witnessesFinancial services and investmentsSecurities

Mutual Fund Litigation Reform Act

USA117th CongressHR-699| House 
| Updated: 3/22/2021
Mutual Fund Litigation Reform Act This bill specifies burden-of-proof and complaint requirements with respect to certain actions for breach of fiduciary duty against an investment adviser. Specifically, complaints must state certain facts with particularity, and a security holder has the burden of proving a breach of fiduciary duty by clear and convincing evidence.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-8188
Mutual Fund Litigation Reform Act

Bill from Previous Congress

HR 115-4738
Mutual Fund Litigation Reform Act
Feb 2, 2021
Introduced in House
Feb 2, 2021
Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 22, 2021
Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.

  • Bill from Previous Congress

    HR 116-8188
    Mutual Fund Litigation Reform Act

  • Bill from Previous Congress

    HR 115-4738
    Mutual Fund Litigation Reform Act
  • February 2, 2021
    Introduced in House
  • February 2, 2021
    Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • March 22, 2021
    Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.
Tom Emmer

Tom Emmer

Republican Representative

Minnesota

Financial Services Committee, Courts, Intellectual Property, Artificial Intelligence, and the Internet Subcommittee, Judiciary Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Civil actions and liabilityEvidence and witnessesFinancial services and investmentsSecurities