Coalition of Academics, Advocacy Clinics, Urge Congress to Pass the Investor Justice Act of 2022

On August 25, 2022, a coalition of law professors and legal advocacy clinics sent a letter to Congress expressing strong support for S. 4657, the Investor Justice Act of 2022.  The bill would to amend the Securities Act of 1934 to provide grant authority to the SEC to give yearly matching grants of up to $150,000 to “qualified investor advocacy clinics” that provide legal and educational services to small claim investors. The grants could be used to open new clinics, expand existing clinics, or provide resources to ensure existing clinics’ continued operation. If passed, the Investor Justice Act would significantly improve access to justice for investors who need legal representation, help them understand whether they have been victimized, and, if so, assist them in recovering their losses.