Yesterday, the House passed the "Enhanced S.E.C. Enforcement Authority Act" to grant new authority to the Securities and Exchange Commission. The bill essentially says that if the SEC gets a court in any jurisdiction to issue a subpoena for witnesses and/or documents that the directive extends to any other jurisdiction. This will allow the SEC to act on its subpoenas nation wide. The bill passed by a voice vote, as it was generally regarded as a beneficial extension of SEC authority to make investigations easier.
Get weekly updates from Reason.
Today's Top Topics
House Votes to Expand SEC Ability to Investigate
- California 2014 High Speed Rail Business Plan Is Off Track (3/6)
- The Intentionally Unrealistic FY2015 Budget (3/4)
- Shallal's Top-Down Plan for D.C. Schools Hurts Parent Choice (3/3)
- Richmond CARES? (3/2)
- Government Could Improve the Development of Vehicle to Vehicle Communication by Getting Out of the Way (2/27)