,,ib  ,union ,calendar ,no4 #hhe  #aaeth
 ,,congress  #b;d ,session  ,h4 ,r4     
#babh  ,report ,no4 #aae-aaah  ,,in     
,,the ,,house ,,of ,,representatives    
,april #be1 #bjag ,mr4 ,davidson        
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,january #b1      
#bjai;,additional sponsor3 ,mr4 ,emmer  
,january #b1 #bjai ,committed to the    
,committee of the ,whole ,house on the  
,state of the ,union and ordered to be  
printed  ,a ,,bill  ,to amend the       
,securities ,exchange ,act of #aicd to  
permit private persons to compel the    
,securities and ,exchange ,commission to
 seek legal or equitable remedies in a  
civil action1 instead of an             
administrative proceeding1 and for other
 purposes4  #a4 ,short title ,this ,act 
may be cited as the ,due ,process       
,restoration ,act of #bjag4  #b4        
,private parties authorized to compel   
the securities and exchange commission  
to seek sanctions by filing civil       

actions ,the ,securities ,exchange ,act 
of #aicd 7#ae ,u4,s4,c4 #gh;a et seq47  
is amended by adding at the end of title
 ,i the following3  #dj4 ,private       
parties authorized to compel the        
commission to seek sanctions by filing  
civil actions  7a7 ,termination of      
administrative proceeding ,in the case  
of any person who is a party to a       
proceeding brought by the ,commission   
under a securities law1 to which section
 #eed of title #e1 ,united ,states      
,code1 applies1 and against whom an     
order imposing a cease and desist order 
and a penalty may be issued at the      
conclusion of the proceeding1 that      
person may1 not later than #bj days     
after receiving notice of such          
proceeding1 and at that person's        
discretion1 require the ,commission to  
terminate the proceeding4  7b7 ,civil   
action authorized ,if a person requires 
the ,commission to terminate a          
proceeding pursuant to subsection 7a71  
the ,commission may bring a civil action

 against that person for the same remedy
 that might be imposed4  7c7 ,standard  
of proof in administrative proceeding   
,notwithstanding any other provision of 
law1 in the case of a proceeding brought
 by the ,commission under a securities  
law1 to which section #eed of title #e1 
,united ,states ,code1 applies1 a legal 
or equitable remedy may be imposed on   
the person against whom the proceeding  
was brought only on a showing by the    
,commission of clear and convincing     
evidence that the person has violated   
the relevant provision of law4  4       
,january #b1 #bjai ,committed to the    
,committee of the ,whole ,house on the  
,state of the ,union and ordered to be  
printed