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SEC Whistleblower Reform Act of 2025

USA119th CongressS-1149| Senate 
| Updated: 3/26/2025
Chuck Grassley

Chuck Grassley

Republican Senator

Iowa

Cosponsors (4)
Catherine Cortez Masto (Democratic)Elizabeth Warren (Democratic)Susan M. Collins (Republican)Raphael G. Warnock (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, titled the "SEC Whistleblower Reform Act of 2025," significantly strengthens anti-retaliation protections for whistleblowers under the Securities Exchange Act of 1934. It expands the definition of a whistleblower for anti-retaliation purposes to include individuals who make internal disclosures of potential violations to supervisors or other authorized personnel within their company. These protections also now explicitly cover post-employment retaliatory actions, ensuring continued safeguard for former employees. Furthermore, the bill grants whistleblowers the explicit right to a jury trial in retaliation cases, enhancing their legal recourse. It also addresses the timeliness of award processing, requiring the Securities and Exchange Commission (SEC) to make an initial disposition on award claims within one year of the claim deadline or final resolution of related litigation. While extensions are possible for complex cases, they require specific approvals and notification to the whistleblower. A crucial provision of the Act renders certain agreements unenforceable, stipulating that whistleblower rights and remedies under this section cannot be waived by any employment agreement, policy, or condition. This includes making predispute arbitration agreements invalid and unenforceable for disputes arising under these whistleblower protections. These changes apply to both pending and future claims, aiming to foster a more secure environment for individuals reporting securities violations.
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Timeline

Bill from Previous Congress

S 117-3977
SEC Whistleblower Reform Act of 2022

Bill from Previous Congress

S 118-811
SEC Whistleblower Reform Act of 2023
Mar 26, 2025
Introduced in Senate
Mar 26, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 117-3977
    SEC Whistleblower Reform Act of 2022


  • Bill from Previous Congress

    S 118-811
    SEC Whistleblower Reform Act of 2023


  • March 26, 2025
    Introduced in Senate


  • March 26, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

SEC Whistleblower Reform Act of 2025

USA119th CongressS-1149| Senate 
| Updated: 3/26/2025
This bill, titled the "SEC Whistleblower Reform Act of 2025," significantly strengthens anti-retaliation protections for whistleblowers under the Securities Exchange Act of 1934. It expands the definition of a whistleblower for anti-retaliation purposes to include individuals who make internal disclosures of potential violations to supervisors or other authorized personnel within their company. These protections also now explicitly cover post-employment retaliatory actions, ensuring continued safeguard for former employees. Furthermore, the bill grants whistleblowers the explicit right to a jury trial in retaliation cases, enhancing their legal recourse. It also addresses the timeliness of award processing, requiring the Securities and Exchange Commission (SEC) to make an initial disposition on award claims within one year of the claim deadline or final resolution of related litigation. While extensions are possible for complex cases, they require specific approvals and notification to the whistleblower. A crucial provision of the Act renders certain agreements unenforceable, stipulating that whistleblower rights and remedies under this section cannot be waived by any employment agreement, policy, or condition. This includes making predispute arbitration agreements invalid and unenforceable for disputes arising under these whistleblower protections. These changes apply to both pending and future claims, aiming to foster a more secure environment for individuals reporting securities violations.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 117-3977
SEC Whistleblower Reform Act of 2022

Bill from Previous Congress

S 118-811
SEC Whistleblower Reform Act of 2023
Mar 26, 2025
Introduced in Senate
Mar 26, 2025
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Bill from Previous Congress

    S 117-3977
    SEC Whistleblower Reform Act of 2022


  • Bill from Previous Congress

    S 118-811
    SEC Whistleblower Reform Act of 2023


  • March 26, 2025
    Introduced in Senate


  • March 26, 2025
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Chuck Grassley

Chuck Grassley

Republican Senator

Iowa

Cosponsors (4)
Catherine Cortez Masto (Democratic)Elizabeth Warren (Democratic)Susan M. Collins (Republican)Raphael G. Warnock (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted