H.R. 6831 — A bill to amend the Securities Investor Protection Act to increase the amount of protection available under such Act to customers of brokers and dealers.

Summary

Amends the Securities Investor Protection Act to increase from $100,000 to $500,000 the maximum amount which the Securities Investor Protection Corporation may distribute to a customer in the liquidation of a broker-dealer. Permits up to $100,000 of such amount (presently, $40,000) to be used to satisfy a claim for cash.

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Legislative Actions

1980-03-17
Introduced in House
1980-03-17
Introduced in House
1980-03-17
Referred to House Committee on Interstate and Foreign Commerce.

A bill to amend the Securities Investor Protection Act to increase the amount of protection available under such Act to customers of brokers and dealers.

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Summary

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