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Investor Justice Act: Funding Legal Aid for Small Investor Claims

This act aims to improve access to free legal assistance for individuals who have lost money on investments. New grants will enable legal clinics to help citizens in disputes with investment firms, especially for smaller amounts. This means a better chance of recovering funds and stronger protection for investor rights.
Key points
Establishes a grant program for legal clinics offering free assistance to investors in securities disputes.
These clinics will help individuals with claims under $100,000 in arbitrations and mediations.
Grants can be used for the development, expansion, or continuation of these clinics, increasing the availability of legal support.
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Status:
Expired
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Additional Information
Print number: 117_HR_7923
Sponsor: Rep. Quigley, Mike [D-IL-5]
Process start date: 2022-05-31
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Investor Justice Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7923.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-05-31.

What are the main provisions?

Key points include:

  • Establishes a grant program for legal clinics offering free assistance to investors in securities disputes.
  • These clinics will help individuals with claims under $100,000 in arbitrations and mediations.
  • Grants can be used for the development, expansion, or continuation of these clinics, increasing the availability of legal support.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Quigley, Mike [D-IL-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Courts and Law Economy