Title

SEC Disgorgement Authority Would Expand in National Defense Authorization Act
Client Memorandum

Created date

12/22/2020

The National Defense Authorization Act approved by Congress last week would extend to 10 years the time for the SEC to file disgorgement claims for scienter-based violations.  It also would toll the limitations period while a party is outside of the United States.  As of this writing, the bill awaits the President’s signature.