text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``Enhanced Emergency and Enforcement 
  Authority Act''.
  
  SEC. 2. EMERGENCY ORDERS RELATED TO COMPLIANCE DURING AN EMERGENCY.
  
      Section 12(k) of the Securities Exchange Act of 1934 (15 U.S.C. 
  78l(k) is amended--
              (1) in paragraph (2)(A)(iii)--
                      (A) in subclause (I), by striking ``; or'' and 
                  inserting a semicolon;
                      (B) in subclause (II), by striking the period and 
                  inserting ``; or''; and
                      (C) by inserting after subclause (II) the 
                  following:
                                      ``(III) the ability of investors, 
                                  issuers, brokers or dealers, transfer 
                                  agents, investment advisers, or other 
                                  market participants to conduct 
                                  securities activities or comply with 
                                  filing, reporting, delivery, or other 
                                  obligations under the securities laws 
                                  in a timely, orderly, or efficient 
                                  manner.''; and
              (2) in paragraph (7)(A)(ii)--
                      (A) in subclause (I), by striking ``; or'' and 
                  inserting a semicolon;
                      (B) in subclause (II), by striking ``; and'' and 
                  inserting ``; or''; and
                      (C) by inserting after subclause (II) the 
                  following:
                                      ``(III) the ability of investors, 
                                  issuers, brokers or dealers, transfer 
                                  agents, investment advisers, or other 
                                  market participants to conduct 
                                  securities activities or comply with 
                                  filing, reporting, delivery, or other 
                                  obligations under the securities laws 
                                  in a timely, orderly, or efficient 
                                  manner; and''.
  
  SEC. 3. NATIONWIDE SERVICE OF PROCESS.
  
      (a) Securities Act of 1933.--Section 22(a) of the Securities Act of 
  1933 (15 U.S.C. 77v(a)) is amended by inserting after the second 
  sentence the following: ``In any action or proceeding instituted by the 
  Commission under this title in a United States district court for any 
  judicial district, subpoenas issued by or on behalf of such court to 
  compel the attendance of witnesses or the production of documents or 
  tangible things (or both) may be served in any other district. Such 
  subpoenas may be served and enforced without application to the court 
  or a showing of cause, notwithstanding the provisions of rule 45(b)(2), 
  (c)(3)(A)(ii), and (c)(3)(B)(iii) of the Federal Rules of Civil 
  Procedure.''.
      (b) Securities Exchange Act of 1934.--Section 27 of the Securities 
  Exchange Act of 1934 (15 U.S.C. 78aa) is amended by inserting after the 
  third sentence the following: ``In any action or proceeding instituted 
  by the Commission under this title in a United States district court 
  for any judicial district, subpoenas issued by or on behalf of such 
  court to compel the attendance of witnesses or the production of 
  documents or tangible things (or both) may be served in any other 
  district. Such subpoenas may be served and enforced without application 
  to the court or a showing of cause, notwithstanding the provisions of 
  rule 45(b)(2), (c)(3)(A)(ii), and (c)(3)(B)(iii) of the Federal Rules 
  of Civil Procedure.''.
      (c) Investment Company Act of 1940.--Section 44 of the Investment 
  Company Act of 1940 (15 U.S.C. 80a-43) is amended by inserting after 
  the fourth sentence the following: ``In any action or proceeding 
  instituted by the Commission under this title in a United States 
  district court for any judicial district, subpoenas issued by or on 
  behalf of such court to compel the attendance of witnesses or the 
  production of documents or tangible things (or both) may be served in 
  any other district. Such subpoenas may be served and enforced without 
  application to the court or a showing of cause, notwithstanding the 
  provisions of rule 45(b)(2), (c)(3)(A)(ii), and (c)(3)(B)(iii) of the 
  Federal Rules of Civil Procedure.''.
      (d) Investment Advisers Act of 1940.--Section 214 of the Investment 
  Advisers Act of 1940 (15 U.S.C. 80b-14) is amended by inserting after 
  the third sentence the following: ``In any action or proceeding 
  instituted by the Commission under this title in a United States 
  district court for any judicial district, subpoenas issued by or on 
  behalf of such court to compel the attendance of witnesses or the 
  production of documents or tangible things (or both) may be served in 
  any other district. Such subpoenas may be served and enforced without 
  application to the court or a showing of cause, notwithstanding the 
  provisions of rule 45(b)(2), (c)(3)(A)(ii), and (c)(3)(B)(iii) of the 
  Federal Rules of Civil Procedure.''.
target: Enhanced Emergency and Enforcement Authority Act - Amends the Securities Exchange Act of 1934 to empower the Securities and Exchange Commission (SEC) to reduce, eliminate, or prevent substantial disruption by an emergency of the ability of market participants to conduct securities activities or comply with obligations under the securities laws in a timely, orderly, or efficient manner.
  
  Amends the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company Act of 1940 to provide that, in any action or proceeding instituted by the SEC in federal district court for any judicial district, subpoenas issued by or on behalf of such court to compel the attendance of witnesses or the production of documents or tangible things (or both) may be served in any other district (thus granting the SEC nationwide service of process).
feat_title: To provide additional emergency and enhanced enforcement authority to the Securities and Exchange Commission.