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House GOP Taking Aim At SEC Whistleblower Program

Law360, New York (February 10, 2017, 6:37 PM EST) -- House Republicans are planning to make changes to the U.S. Securities and Exchange Commission’s enforcement agenda, including a provision that could curtail the agency’s whistleblower program, in legislation intended to rewrite Dodd-Frank, according to a memo circulating among GOP leadership.

A memo outlining changes House Financial Services Committee Chairman Jeb Hensarling, R-Texas, plans to make to his Financial CHOICE Act includes several provisions that would impact the SEC and its enforcement program, particularly the whistleblower award program created by the Dodd-Frank Act. A copy of the memo circulated to other senior members of the committee and was obtained by Law360....

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