Amends the Securities Exchange Act of 1934 to establish a 10-year statute of limitations governing an action or proceeding by the Securities and Exchange Commission (SEC) for a civil monetary penalty.
Tolls this statute of limitations any time an alleged violator is either absent from the United States or has no reasonably ascertainable place of abode or work within it.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S5788)
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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