INVESTOR ACTION

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 S1725, previously introduced by Rep. Scott Garrett (R-NJ), Rep. Maloney, and Senator Schumer. The legislation has been referred to the House Financial Services Committee... NIAP seeks to unite the thousands of victims of the Madoff fraud - most of whom are currently unserved and/or uninvolved - as well as victims of the Stanford and other investor frauds.

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