today we are seeking to enact fundamental reforms of the manner in which securities actions are litigated. In order to ensure that our reforms are comprehensive, we must make every effort to identify oversights or omissions in our legislation that could potentially hamper the effectiveness of H.R. 1058.
Discussing reforms to securities litigation during a House floor debate.
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I rise in support of H.R. 1058, the Securities Litigation Reform Act. This legislation revolutionizes the standard by which all disputes under securities laws will be litigated. For example, the Securities Litigation Reform Act will…
First of all, I would be remiss if I did not point out that the gentleman from Virginia [Mr. Bliley] is once again bringing a very complex piece of legislation to the floor that is meaningful in reform and it is bipartisan in nature. For…
I personally do not think it is going to work, and I think in countries like Zimbabwe and Tanzania, it, first of all, is a slap in the face of these countries that they were not consulted.
this amendment contains only technical and conforming changes that have been agreed to by the majority and minority. The amendments clarify that disclosure is required for both proposed and final settlements, and that such disclosures…
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