• U.S. Legislative Proposal: House Committee on Financial Services Releases Draft Investor Protection Act
  • October 23, 2009
  • Law Firm: Shearman & Sterling LLP - New York Office
  • On October 1, 2009, the Committee on Financial Services of the U.S. House of Representatives released a draft of the Investor Protection Act of 2009. If adopted, this sweeping proposed legislation would, among other things, amend various federal securities laws...Beyond the specifics, however, the proposed legislation is significant for the fact that the legislation appears to be growing in size and scope. In its current form, this is a bill that seeks to act as a vehicle for dozens of proposals affecting many areas of financial services, and its final shape is hard to judge.