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Biddle Law Library: American Law Institute Archives [Contact Us]
1968-1981
Creator:
American Law Institute
Extent: 5.3 linear feet
In the late 1960s, the American Bar Association's Committee on Federal Regulation of Securities recommended that a codification
of securities law be undertaken by the American Law Institute (ALI). The ALI approved the project, appointing Louis Loss as
the reporter in 1969. The purpose of the project was to analyze, integrate, and improve an array of federal acts related to
securities law. The American Bar Association played an active role in reviewing and advising the committee on its work. The
ALI approved the Federal Securities Code on May 19, 1978. Loss continued working with the project's consultants, advisers,
and other interested parties to prepare a final draft of commentary on the code. Although the ALI assumed no responsibility
for Loss's comments, the organization authorized the publication of a Reporter's Commentary with the Federal Securities Code
in 1980. The collection, 1968-1981, includes correspondence, meeting records, drafts, and other materials relating to the
drafting of the Federal Securities Code, a project that sought to simplify and consolidate the law as it related to financial
securities.
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