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Email Congress opened 2021 by overturning one of President Trump’s vetoes for the first time. By large bipartisan majorities, the House and Senate overturned a presidential veto and enacted the 2021 National Defense Authorization Act (“NDAA”). Tucked away in the $740.5 billion defense bill were provisions granting the U.S. Securities and Exchange Commission (“SEC”) statutory authority to seek disgorgement in federal court and providing a 10-year statute of limitations for that remedy. https://www.cadwalader.com/resources/clients-friends-memos/a-new-years-booster-shot-congress-grants-the-sec-a-statutory-disgorgement-remedy-and-extended-statute-of-limitations