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Stronger SEC Whistleblower Protection: Internal Reports, Jury Trials, and Faster Awards.

This Act significantly strengthens protections for employees reporting financial misconduct by extending anti-retaliation safeguards to those who first report internally to supervisors or compliance departments. It grants whistleblowers the right to a jury trial in retaliation cases and invalidates pre-dispute arbitration agreements that waive these rights. Furthermore, the law mandates the SEC to process whistleblower award claims more quickly.
Key points
Anti-retaliation protection is extended to cover disclosures made internally within the company (to a supervisor or authorized investigator), not just reports filed directly with the SEC.
Whistleblowers facing retaliation gain the right to a jury trial and cannot be forced into arbitration by pre-dispute employment agreements.
The SEC is required to issue an initial decision on financial award claims generally within one year after the related litigation is finally resolved.
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Additional Information
Print number: 118_S_811
Sponsor: Sen. Grassley, Chuck [R-IA]
Process start date: 2023-03-15
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OFFICIAL LEGAL TITLE

SEC Whistleblower Reform Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_811.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-15.

What are the main provisions?

Key points include:

  • Anti-retaliation protection is extended to cover disclosures made internally within the company (to a supervisor or authorized investigator), not just reports filed directly with the SEC.
  • Whistleblowers facing retaliation gain the right to a jury trial and cannot be forced into arbitration by pre-dispute employment agreements.
  • The SEC is required to issue an initial decision on financial award claims generally within one year after the related litigation is finally resolved.
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. Grassley, Chuck [R-IA].

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 2025-12-27.

CATEGORIES

Courts and Law Economy