S 3930
Administrative Enforcement Fairness Act of 2022
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Bill overview
This bill, the Administrative Enforcement Fairness Act of 2022, changes the Securities Exchange Act of 1934 to allow certain defendants in administrative enforcement proceedings to take their case to federal court. Specifically, it creates a category of ‘eligible respondents’ – those who aren’t registered financial professionals – who can request removal to a district court. This would provide these defendants with an additional legal avenue to challenge the proceedings. The bill aims to increase access to judicial review for those subject to enforcement actions.
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