legislation: 104-s-865

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
104-s-865 104 s 865 A bill entitled the "Securities Act Amendment of 1995". Finance and Financial Sector 1995-05-25 1995-05-25 Read twice and referred to the Committee on Banking. Senate Sen. Bennett, Robert F. [R-UT] UT R B000382 0 Amends the Securities Act of 1933 to declare that the civil remedy of rescission shall not be available with respect to material misrepresentations or omissions in a prospectus or communication in connection with an offer or sale of a security if the defendant proves that any depreciation in the value of such security did not result from a misrepresentation or omission in a prospectus. Limits the plaintiff's recovery of damages to only so much of the depreciation in the security's value as the defendant fails to prove to have resulted from a cause other than the misrepresentation or omission in the prospectus. 2025-01-14T18:20:21Z  

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