SEC Whistleblower Reform Act of 2022
Latest action · Mar 31, 2022 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
- IntroducedMar 31, 2022
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
SEC Whistleblower Reform Act of 2022
This bill expands and revises whistleblower protections applicable to individuals who provide information to the Securities and Exchange Commission (SEC) relating to a violation of securities laws.
The prohibition of retaliation against whistleblowers is expanded to include individuals who provide information regarding potential violations to supervisors or other employees in positions of authority.
Additionally, the bill establishes the right to a jury trial for a person accused of violating whistleblower protection laws.
The bill also requires the SEC to make an initial disposition of a whistleblower award claim within the later of (1) one year of the deadline to submit such a claim, or (2) one year after the final resolution of any litigation in the matter.
Finally, the bill deems as unenforceable a predispute arbitration agreement regarding a whistleblower action.
Cosponsors 4
Members who signed on, in the order they did. All signed on Mar 31, 2022.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NV | Catherine Cortez Masto | Original | Mar 31, 2022 |
| D-MA | Elizabeth Warren | Original | Mar 31, 2022 |
| D-GA | Raphael G. Warnock | Original | Mar 31, 2022 |
| R-ME | Susan M. Collins | Original | Mar 31, 2022 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Mar 31, 2022 |
Actions 2
Everything that happened, newest first.
- Mar 31, 2022Introduced in Senate
- Mar 31, 2022Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 811 | SEC Whistleblower Reform Act of 2023 | Reintroduced Bill | Mar 15, 2023 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Securities Exchange Act of 1934 to further enhance anti-retaliation protections for whistleblowers, and for other purposes.
- Short Title(s) as Introduced
- SEC Whistleblower Reform Act of 2022
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- Mar 31, 2022Introduced in Senate
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.
