I 

111TH CONGRESS 

1ST SESSION H. R. 2873 

To provide enhanced enforcement authority to the Securities and Exchange 

Commission. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 15, 2009 

Mr. CAMPBELL introduced the following bill; which was referred to the 

Committee on Financial Services 

A BILL 

To provide enhanced enforcement authority to the Securities 

and Exchange Commission. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Enhanced S.E.C. En5 forcement Authority Act’’. 

6 SEC. 2. NATIONWIDE SERVICE OF PROCESS. 

7 (a) SECURITIES ACT OF 1933.—Section 22(a) of the 

8 Securities Act of 1933 (15 U.S.C. 77v(a)) is amended by 

9 inserting after the second sentence the following: ‘‘In any 

10 action or proceeding instituted by the Commission under 


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•HR 2873 IH

1 this title in a United States district court for any judicial 

2 district, subpoenas issued by or on behalf of such court 

3 to compel the attendance of witnesses or the production 

4 of documents or tangible things (or both) may be served 

5 in any other district. Such subpoenas may be served and 

6 enforced without application to the court or a showing of 

7 cause, notwithstanding the provisions of rule 45(b)(2), 

8 (c)(3)(A)(ii), and (c)(3)(B)(iii) of the Federal Rules of 

9 Civil Procedure.’’. 

10 (b) SECURITIES EXCHANGE ACT OF 1934.—Section 

11 27 of the Securities Exchange Act of 1934 (15 U.S.C. 

12 78aa) is amended by inserting after the third sentence the 

13 following: ‘‘In any action or proceeding instituted by the 

14 Commission under this title in a United States district 

15 court for any judicial district, subpoenas issued by or on 

16 behalf of such court to compel the attendance of witnesses 

17 or the production of documents or tangible things (or 

18 both) may be served in any other district. Such subpoenas 

19 may be served and enforced without application to the 

20 court or a showing of cause, notwithstanding the provi21 sions of rule 45(b)(2), (c)(3)(A)(ii), and (c)(3)(B)(iii) of 

22 the Federal Rules of Civil Procedure.’’. 

23 (c) INVESTMENT COMPANY ACT OF 1940.—Section 

24 44 of the Investment Company Act of 1940 (15 U.S.C. 

25 80a–43) is amended by inserting after the fourth sentence 


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•HR 2873 IH

1 the following: ‘‘In any action or proceeding instituted by 

2 the Commission under this title in a United States district 

3 court for any judicial district, subpoenas issued by or on 

4 behalf of such court to compel the attendance of witnesses 

5 or the production of documents or tangible things (or 

6 both) may be served in any other district. Such subpoenas 

7 may be served and enforced without application to the 

8 court or a showing of cause, notwithstanding the provi9 sions of rule 45(b)(2), (c)(3)(A)(ii), and (c)(3)(B)(iii) of 

10 the Federal Rules of Civil Procedure.’’. 

11 (d) INVESTMENT ADVISERS ACT OF 1940.—Section 

12 214 of the Investment Advisers Act of 1940 (15 U.S.C. 

13 80b–14) is amended by inserting after the third sentence 

14 the following: ‘‘In any action or proceeding instituted by 

15 the Commission under this title in a United States district 

16 court for any judicial district, subpoenas issued by or on 

17 behalf of such court to compel the attendance of witnesses 

18 or the production of documents or tangible things (or 

19 both) may be served in any other district. Such subpoenas 

20 may be served and enforced without application to the 

21 court or a showing of cause, notwithstanding the provi22 sions of rule 45(b)(2), (c)(3)(A)(ii), and (c)(3)(B)(iii) of 

23 the Federal Rules of Civil Procedure.’’. 

Æ 


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