,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #cgja  ,,in ,,the ,,house ,,of  
,,representatives  ,july #aa1 #bjai,mr4 
,gonzalez of ,texas introduced the      
following bill2 which was referred to   
the ,committee on ,financial ,services  
,a ,,bill  ,to establish a statute of   
limitations for certain actions of the  
,securities and ,exchange ,commission1  
and for other purposes4  #a4 ,statute of
 limitations for ,commission actions    
7a7 ,in general ,section #ba of the     
,securities ,exchange ,act of #aicd 7#ae
 ,u4,s4,c4 #ghu7 is amended by adding at
 the end the following3  7j7 ,statute of
 limitations  7#a7 ,civil monetary      
penalties  7,a7 ,in general ,an action  
or proceeding brought or instituted by  
the ,commission under any provision of  
the securities laws for a civil monetary
 penalty may be brought not later than  
#aj years after the alleged violation4  
7,b7 ,exclusion ,the period of          
limitations in subparagraph 7,a7 does   
not run during any time when an alleged 

violator is absent from the ,united     
,states or has no reasonably            
ascertainable place of abode or work    
within the ,united ,states4  7#b7       
,definition ,for purposes of this       
subsection1 the term civil monetary     
penalty means relief sought by the      
,commission under-- 7,a7 subsection     
7d77#c71 section #aj;,a7d71 section     
#ba;,a7a71 section #ba;,b7a71 or        
subsection 7b71 7c77#a77;,b71 or        
7c77#b77;,b7 of section #cb 7#ae        
,u4,s4,c4 #gh;j-#a7;d71 #ghu-#b7;a71    
#gh;ff7b71 #gh;ff7c77#a77;,b71 or       
#gh;ff7c77#b77;,b772  7,b7 section      
#h;,a7g77#b7 or section #bj7;d77#b7 of  
the ,securities ,act of #aicc 7#ae      
,u4,s4,c4 #gg;h-#a7;g77#b71             
#ggt7d77#b772  7,c7 section #i7;d77#a7  
or #db7;e77#a7 of the ,investment       
,company ,act of #aidj 7#ae ,u4,s4,c4   
#hj;a-#i7;d77#a71 #hj;a-#da7;e77#a772   
7,d7 section #bjc7;i77#a7 or            
#bji7;e77#a7 of the ,investment         
,advisers ,act of #aidj 7#ae ,u4,s4,c4  

#hj;b-#c7;i77#a71 #hj;b-#i7;e77#a772 or 
7,e7 section #cjd7;a7 of the            
,sarbanes-,oxley ,act of #bjjb 7#ae     
,u4,s4,c4 #gbdc7;a774  4  7b7           
,conforming amendment ,section #ba;,a7d7
 of the ,securities ,exchange ,act of   
#aicd 7#ae ,u4,s4,c4 #ghu-#a7;d77 is    
amended by striking paragraph 7#e74