Mutual Fund Litigation Reform Act
Latest action · May 7, 2018 Placed on the Union Calendar, Calendar No. 509.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 8, 2018
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Mutual Fund Litigation Reform Act
This bill amends the Investment Company Act of 1940 to specify burden-of-proof and complaint requirements with respect to certain actions for breach of fiduciary duty.
Cosponsors
Members who signed on, in the order they did.
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jan 8, 2018Markup Jan 17, 2018Markup Jan 18, 2018Reported May 7, 2018 |
| House | Judiciary Committee | Referred Jan 8, 2018Discharged May 7, 2018 |
| Constitution and Limited Government Subcommittee | Referred Jan 8, 2018 |
Actions 9
Everything that happened, newest first.
- May 7, 2018Reported by the Committee on Financial Services. H. Rept. 115-662, Part I.
- May 7, 2018Committee on the Judiciary discharged.
- May 7, 2018Placed on the Union Calendar, Calendar No. 509.
- Jan 18, 2018Committee Consideration and Mark-up Session Held.
- Jan 18, 2018Ordered to be Reported by the Yeas and Nays: 31 - 25.
- Jan 17, 2018Committee Consideration and Mark-up Session Held.
- Jan 8, 2018Introduced in House
- Jan 8, 2018Referred 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.
- Jan 8, 2018Referred to the Subcommittee on the Constitution and Civil Justice.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Apr 10, 2018H.R. 4738, Mutual Fund Litigation Reform ActAs ordered reported by the House Committee on Financial Services on January 18, 2018
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 164, no. 4, January 8, 2018, page H18.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 10 | Financial CHOICE Act of 2017 | Related bill | Jul 13, 2017 |
| HR 8188 | Mutual Fund Litigation Reform Act | Reintroduced Bill | Sep 8, 2020 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Investment Company Act of 1940 to provide complaint and burden of proof requirements for certain actions for breach of fiduciary duty.
- Short Titles as Introduced
- Mutual Fund Litigation Reform Act
- Short Titles as Reported to House
- Mutual Fund Litigation Reform Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 2
Each version as it was printed, newest first.
- May 7, 2018Reported in House
- Jan 8, 2018Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
