Mutual Fund Litigation Reform Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 8, 2020)
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.
What just happenedSep 8, 2020
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.
Who’s behind it
- Introduced in HouseSep 8, 2020
- Sep 8, 2020IntroReferralH11100
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.
Judiciary Committee - Sep 8, 2020IntroReferralH11100
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.
Financial Services Committee - Sep 8, 2020IntroReferralIntro-H
Introduced in House
- Sep 8, 2020IntroReferral1000
Introduced in House