Mutual Fund Litigation Reform Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 2, 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.
What just happenedMar 22, 2021
Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.
Who’s behind it
- Introduced in HouseFeb 2, 2021
- Mar 22, 2021Committee
Referred to the Subcommittee on Courts, Intellectual Property, and the Internet.
Courts, Intellectual Property, and the Internet Subcommittee - Feb 2, 2021IntroReferralH11100
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 - Feb 2, 2021IntroReferralH11100
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 - Feb 2, 2021IntroReferralIntro-H
Introduced in House
- Feb 2, 2021IntroReferral1000
Introduced in House