Reforming Securities Litigation: H.R. 1058, 1993-01-01 - 2001-12-21

Item — Box: CR 36, Folder: 14

Identifier: CAC_CC_002_6_36_14_0047

Scope and Contents

The document discusses H.R. 1058, the Securities Litigation Reform Act, which aims to address the increase in costly and abusive securities fraud lawsuits. The bill includes provisions to limit attorney fees, prevent professional plaintiffs from filing multiple suits, and ensure fair compensation for plaintiffs. It also introduces proportional liability for unknowing violations and a safe harbor for forward-looking company statements. The bill has been passed by the House and Senate and is awaiting approval from the president. man Dick Armey expresses support for the bill and thanks the reader for contacting his office.

Dates

Creation: 1993-01-01 - 2001-12-21

Creator

Armey, Richard Keith (Dick), Chair of the House Homeland Security Committee (2002-2003); House Majority Leader (1995-2003); Chair of the House Republican Conference (1993-1995); Member of the U.S. House of Representatives from Texas's 26th district (1985- (Person)

Language of Materials

From the Collection:

English

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