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Fairness in Administrative Proceedings: Moving Cases to Federal Court.

This act allows individuals and companies not registered as financial entities to move their cases from administrative proceedings by the Securities and Exchange Commission (SEC) to a federal court. This means citizens who are not financial market professionals can have their cases heard by an independent court, rather than solely by internal SEC bodies.
Key points
Individuals and companies not registered as brokers, investment advisors, or other financial entities can transfer their cases from the SEC to federal court.
This change gives citizens a greater opportunity to defend their rights before an independent court, rather than solely before administrative bodies.
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Additional Information
Print number: 117_S_3930
Sponsor: Sen. Lummis, Cynthia M. [R-WY]
Process start date: 2022-03-24
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Administrative Enforcement Fairness Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3930.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-03-24.

What are the main provisions?

Key points include:

  • Individuals and companies not registered as brokers, investment advisors, or other financial entities can transfer their cases from the SEC to federal court.
  • This change gives citizens a greater opportunity to defend their rights before an independent court, rather than solely before administrative bodies.
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 Sen. Lummis, Cynthia M. [R-WY].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Courts and Law Economy