A bill to establish a statute of limitations for private rights of action arising from a violation of the Securities Exchange Act of 1934.
Securities Investor Protection Act of 1991 - Amends the Securities Exchange Act of 1934 to provide that private rights of action may be brought either: (1) five years from the date on which violations of this Act occurred; or (2) two years from the date on which such violation was discovered or should have been discovered through reasonable diligence.
Introduced in Senate
Read twice and referred to the Committee on Banking.
Subcommittee on Securities. Hearings held. Hearings printed: S.Hrg. 102-410.
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