United States: Annual Defense Spending Bill Includes Amendments Expanding SEC's Ability To Seek Disgorgement - Paul Weiss Rifkind Wharton & Garrison

On December 11, 2020, Congress passed the National Defense Authorization Act for Fiscal Year 2021, H.R. 6395 (the "NDAA"). The $740.5 billion bill includes language amending the Securities Exchange Act of 1934.