Union Calendar No. 361
105TH CONGRESS
2D SESSION
H. R. 1689
[Report No. 105–640]
A BILL
To amend the Securities Act of 1933 and the Secu-
rities Exchange Act of 1934 to limit the conduct
of securities class actions under State law, and
for other purposes.
JULY 21, 1998
Reported with an amendment, committed to the Commit-
tee of the Whole House on the State of the Union, and
ordered to be printed
IB
Union Calendar No. 361
105TH CONGRESS
2D SESSION
H. R. 1689
[Report No. 105–640]
To amend the Securities Act of 1933 and the Securities Exchange Act
of 1934 to limit the conduct of securities class actions under State
law, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
MAY 21, 1997
Mr. WHITE (for himself, Ms. ESHOO, Mr. BARTON of Texas, Mr. BROWN of
Ohio, Mr. BILBRAY, Mr. DOOLEY of California, Mr. CAMPBELL, Mr.
FAZIO of California, Mr. COBURN, Mr. FARR of California, Mr. COX of
California, Mr. FRANK of Massachusetts, Ms. DUNN, Ms. HARMAN, Mr.
KLUG, Mr. KENNEDY
of Massachusetts, Mr. NETHERCUTT, Ms.
LOFGREN, Mr. PAXON, Mr. ROEMER, Ms. PRYCE
of Ohio, Mrs.
TAUSCHER, Mr. TAUZIN, Mr. TOWNS, and Mr. DEUTSCH) introduced the
following bill; which was referred to the Committee on Commerce
JULY 21, 1998
Additional sponsors: Mr. ROGAN, Ms. PELOSI, Mr. BURR of North Carolina,
Mr. SHIMKUS, Mr. DEAL of Georgia, Mr. KLECZKA, Mr. PICKETT, Mr.
HASTERT, Mr. PALLONE, Mr. RUSH, Ms. FURSE, Mr. GANSKE, Mrs.
MYRICK, Mr. CRAPO, Mr. STEARNS, Mr. BOEHNER, Mr. MORAN of Vir-
ginia, Mr. BLUMENAUER, Mr. GORDON, Mr. GREEN, Mr. HALL of Texas,
Ms. MCCARTHY of Missouri, Mr. HOYER, Mr. DAVIS of Virginia, Mr.
WYNN, Mr. NORWOOD, Mr. STRICKLAND, Mr. BOUCHER, Mr. DAN
SCHAEFER of Colorado, Mr. PETERSON of Minnesota, Mr. MCCOLLUM,
Ms. HOOLEY of Oregon, Mr. WHITFIELD, Mr. SHERMAN, Mr. HOLDEN,
Mr. SHAW, Mr. UPTON, Mr. LARGENT, Mr. ROHRABACHER, Mr.
CUNNINGHAM, Ms. STABENOW, Mr. KENNEDY of Rhode Island, Mr.
BAKER, Mr. ROYCE, Mr. WELDON of Florida, Mr. BILIRAKIS, Mr. SAW-
YER, Mr. COOKSEY, Mr. LIVINGSTON, Mr. BOYD, Mr. EDWARDS, Mr.
HEFLEY, Mr. PORTER, Mr. RIGGS, Mr. MILLER of Florida, Mr. CAL-
VERT, Mr. DREIER, Mr. DOYLE, Mr. BARCIA, Mr. BUNNING, Mr.
MCHALE, Mr. GOODLING, Mr. PITTS, Mr. GREENWOOD, Mr. CONDIT,
Mr. BARR of Georgia, Mr. GEKAS, Mr. MCKEON, Mrs. CUBIN, Mr.
SCHIFF, Mr. LINDER, Mr. BONO, Mr. GEJDENSON, Mr. LUTHER, Mr.
THORNBERRY, Mr. FOX of Pennsylvania, Mr. MICA, Mr. HOUGHTON, Mr.
METCALF, Mr. HAYWORTH, Mr. COLLINS, Mr. MINGE, Mr. ADAM SMITH
of Washington, Mr. FRELINGHUYSEN, Mr. FORBES, Ms. GRANGER, Mr.
PAPPAS, Mr. MANZULLO, Mr. ADERHOLT, Mr. POMBO, Mr. LAHOOD,
Mr. CAMP, Mr. CRAMER, Mrs. LINDA SMITH of Washington, Mr. PICK-
ERING, Mr. PACKARD, Mr. SNOWBARGER, Mr. KIND, Mr. HILLEARY, Mr.
HASTINGS of Washington, Mr. ORTIZ, Mr. CRANE, Mr. SALMON, Mr.
NEAL of Massachusetts, Ms. DELAURO, Mr. DAVIS of Florida, Mr.
BISHOP, Mr. VENTO, Mr. FRANKS of New Jersey, Ms. SLAUGHTER, Mr.
HERGER, Mrs. KENNELLY of Connecticut, Mr. JEFFERSON, Mr. ROTH-
MAN, Mr. STENHOLM, Mr. ETHERIDGE, Mr. GOSS, Mrs. KELLY, Mrs.
NORTHUP, Mr. GALLEGLY, Mr. GOODE, Mr. PETERSON of Pennsylvania,
Mr. RAMSTAD, Mr. ENSIGN, Mr. WICKER, Mr. SKEEN, Mr. WATTS of
Oklahoma, Mr. KING, Mr. COMBEST, Mr. INGLIS of South Carolina, Mr.
SHADEGG, Mr. SAM JOHNSON of Texas, Mr. LEWIS of Kentucky, Mr.
SUNUNU, 
Mr. 
TURNER, 
Mr. 
WEYGAND, 
Mr. 
LOBIONDO, 
Mr.
HOSTETTLER, Mr. MEEHAN, Mr. KINGSTON, Mr. SHAYS, Mr.
MCINTOSH, Mr. CLEMENT, Mr. HILL, Mr. BARTLETT of Maryland, Mr.
STUMP, Mr. SNYDER, Mr. EHRLICH, Mr. FOSSELLA, Mr. HOEKSTRA, Mr.
FORD, Mr. MCCRERY, Mr. GRAHAM, Mr. WELLER, Mr. MALONEY of
Connecticut, Ms. SANCHEZ, Mr. RILEY, Mr. ROGERS, Mr. NEUMANN, Mr.
CHRISTENSEN, Mr. MCGOVERN, Mr. LAZIO of New York, Mr. GILLMOR,
Mr. CANNON, Mr. REDMOND, Ms. VELA´ZQUEZ, Mr. LANTOS, Mrs.
MORELLA, Mr. ARCHER, Mrs. JOHNSON of Connecticut, Mr. FOLEY, Mr.
WALSH, Mr. BENTSEN, Mr. BURTON of Indiana, Mr. SENSENBRENNER,
Mr. DOOLITTLE, Mr. ACKERMAN, Mr. SOUDER, Mr. WOLF, Mr. GUT-
KNECHT, Mr. SMITH of Texas, Mr. RYUN, Mr. NEY, Mr. CHABOT, Mr.
DELAY, Mr. COOK, Mr. BRYANT, Mr. SMITH of New Jersey, Mr. JOHN,
Mr. POMEROY, Mr. TALENT, Mr. KOLBE, Mr. BOB SCHAFFER of Colo-
rado, Mr. BRADY, Mr. ARMEY, Mr. GIBBONS, Mr. BERRY, Mr. BAESLER,
Mr. SISISKY, Mrs. BONO, Mr. MCINTYRE, Mr. BALLENGER, Mrs. ROU-
KEMA, Mr. GOODLATTE, Mr. THOMAS, Mr. MORAN of Kansas, Mr. AN-
DREWS, and Mr. CHAMBLISS
JULY 21, 1998
Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed in italic]
[For text of introduced bill, see copy of bill as introduced on May 21, 1997]
A BILL
To amend the Securities Act of 1933 and the Securities