,,ii  #aad? ,,congress  #a/ ,session    
,s4 #aifj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,augu/ #e1 #bjae,mr4   
,re$ 7= himself & ,mrs4 ,%ahe57         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to e/abli% a /atute (          
limitations = c]ta9 actions ( !         
,securities & ,ex*ange ,commission1 & = 
o!r purposes4  #a4 ,/atute ( limitations
 = ,commission actions  7a7 ,9 g5]al    
,section #ba ( ! ,securities ,ex*ange   
,act ( #aicd 7#ae ,u4,s4,c4 #ghu7 is    
am5d$ by add+ at ! end ! foll[+3  7j7   
,/atute ( limitations  7#a7 ,civil      
monet>y p5alties  7,a7 ,9 g5]al ,an     
action or proce$+ br\ght or in/itut$ by 
! ,commission "u any provision ( !      
securities laws = a civil monet>y p5alty
 may be br\ght n lat] ?an #aj ye>s aft] 
! violation4  7,b7 ,exclusion ,! p]iod (
 limitations 9 subp>agraph 7,a7 does n  
run dur+ any "t :5 an alleg$ violator is
 abs5t f ! ,unit$ ,/ates or has no      

reasonably asc]ta9able place ( abode or 
"w )9 ! ,unit$ ,/ates4  7#b7 ,def9ition 
,= purposes ( ?is subsection1 ! t]m     
civil monet>y p5alty means relief s\ght 
by ! ,commission "u--  7,a7 section     
#bj7;d7 ( ! ,securities ,act ( #aicc    
7#ae ,u4,s4,c4 #ggt7d772  7,b7          
subsection 7d77#c71 section #ba;,a7a71  
subsections 7a7 ?r\gh 7d7 ( section     
#ba;,b1 or subsection 7b71 7c77#a77;,b71
 or 7c77#b77;,b7 ( section #cb 7#ae     
,u4,s4,c4 #ghu-#a7;a71 #ghu-#b7;a7-7d71 
#gh;ff7b71 #gh;ff7c77#a77;,b71 &        
#gh;ff7c77#b77;,b772  7,c7 section      
#i7;d7 or #db7;e7 ( ! ,inve/m5t ,company
 ,act ( #aidj 7#ae ,u4,s4,c4            
#hj;a-#i7;d71 #hj;a-#da7;e772 or  7,d7  
section #bjc7;i7 or #bji7;e7 ( !        
,inve/m5t ,advis]s ,act ( #aidj 7#ae    
,u4,s4,c4 #hj;b-#c7;i71 #hj;b-#i7;e774  
4  7b7 ,con=m+ am5dm5t ,section         
#ba;,a7d7 ( ! ,securities ,act ( #aicd  
7#ae ,u4,s4,c4 #ghu-#a7;d77 is am5d$ by 
/rik+ p>agraph 7#e74