#aafth ,,congress  #ast ,session  ,h4   
,r4 #dcdd  ,,an ,,act  ,to amend the    
,securities ,exchange ,act of #aicd to  
allow the ,securities and ,exchange     
,commission to seek and ,federal courts 
to grant disgorgement of unjust         
enrichment1 and for other purposes4  #a4
 ,short title ,this ,act may be cited as
 the ,investor ,protection and ,capital 
,markets ,fairness ,act4  #b4           
,additional relief  7a7 ,in general     
,section #ba7;d7 of the ,securities     
,exchange ,act of #aicd 7#ae ,u4,s4,c4  
#ghu7d77 is amended by adding at the end
 the following3  7#g7 ,additional relief
  7,a7 ,in general ,in any action or    
proceeding brought or instituted by the 
,commission under any provision of the  
securities laws1 the ,commission may    
seek1 and any ,federal court may grant  
the following additional relief3 7i7    
,disgorgement in the amount of any      
unjust enrichment obtained as a result  
of the act or practice with respect to  
which the ,commission is bringing such  

an action or proceeding4  7ii7          
,injunctions1 including officer and     
director bars4  7,b7 ,rule of           
construction ,additional relief sought  
under this paragraph may not be         
construed to be a civil fine1 penalty1  
or forfeiture subject to chapter #afc of
 part ,,vi of title #bh1 ,united ,states
 ,code4  7,c7 ,statute of limitations ,a
 ,federal court may not issue relief    
under this paragraph if the action or   
proceeding brought or instituted by the 
,commission was commenced more than #ad 
years after the alleged violation4  4   
7b7 ,effective date ,the amendment made 
by this section shall apply with respect
 to any actions or proceedings pending  
or commenced on or after the date of the
 enactment of this section4  7c7 ,report
  7#a7 ,in general ,not later than #aj  
years after the date of the enactment of
 this ,act1 the ,securities ,exchange   
,commission shall submit to ,congress   
data about each enforcement action      
brought by the ,commission in the #aj   

years following the date of the         
enactment of this ,act4  7#b7 ,contents 
,in submitting data pursuant to         
paragraph 7#a71 the ,commission shall-- 
7,a7 with regard to each enforcement    
action-- 7i7 categorize the type of     
enforcement action2  7ii7 categorize the
 type of issuer involved in the         
enforcement action2  7iii7 identify the 
approximate duration of the misconduct  
that gave rise to the enforcement       
action2 and  7iv7 identify the          
approximate duration of the             
investigation2 and  7,b7 identify the   
#aj enforcement actions with the longest
 durations of misconduct that gave rise 
to enforcement actions4  #c4            
,determination of ,budgetary ,effects   
,the budgetary effects of this ,act1 for
 the purpose of complying with the      
,statutory ,pay-,as-,you-,go ,act of    
#bjaj1 shall be determined by reference 
to the latest statement titled          
,budgetary ,effects of ,,paygo          
,legislation for this ,act1 submitted   

for printing in the ,congressional      
,record by the ,chairman of the ,house  
,budget ,committee1 provided that such  
statement has been submitted prior to   
the vote on passage4  ,passed the ,house
 of ,representatives ,november #ah1     
#bjai4;,clerk4