arrow_back Back to App

Right to Choose Court: Limiting SEC Administrative Proceedings.

This law grants individuals accused by the Securities and Exchange Commission (SEC) the right to move their case from an internal administrative proceeding to a federal court. If a citizen or company believes the administrative process is unfair, they can demand its termination within 20 days. Consequently, the SEC must file the case in a traditional civil court, ensuring standard judicial procedures and due process protections.
Key points
Individuals accused by the SEC can compel the Commission to terminate internal administrative proceedings.
Cases involving financial penalties and cease and desist orders will be decided in federal courts, not by internal SEC judges.
This change aims to strengthen due process rights for parties under SEC investigation.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_6695
Sponsor: Rep. Davidson, Warren [R-OH-8]
Process start date: 2023-12-11
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Due Process Restoration Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6695.

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 2023-12-11.

What are the main provisions?

Key points include:

  • Individuals accused by the SEC can compel the Commission to terminate internal administrative proceedings.
  • Cases involving financial penalties and cease and desist orders will be decided in federal courts, not by internal SEC judges.
  • This change aims to strengthen due process rights for parties under SEC investigation.
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. Davidson, Warren [R-OH-8].

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 2025-12-30.

CATEGORIES

Courts and Law Economy