Legislative Update: August 2016

Dear NIAP members, Madoff and other Ponzi-Scheme Victims,

Even as victims are feeling increasing pressure from the Madoff trustee who has shown limited flexibility in the mediation efforts, new legislation has been introduced in Congress to provide protection for Madoff, Stanford and certain other fraud victims.

HR 5852, introduced on July 14th by Rep. Blaine Luetkemeyer (R-MO), and co-sponsored by Rep. Carolyn Maloney (D-NY), and House Rules Committee Chairman Rep. Pete Sessions (R-TX), is a slightly scaled-back version of HR3482 and [...]