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House Brief SEC Subpoena

House Brief SEC Subpoena

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Published by tpmdocs
Filed July 4, 2014.
Filed July 4, 2014.

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Published by: tpmdocs on Jul 05, 2014
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07/13/2014

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UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK
 ___________________________________________ ) SECURITIES AND EXCHANGE COMMISSION, ) ) Applicant, ) ) v. ) Case No. 14 Misc. 00193 ) THE COMMITTEE ON WAYS AND MEANS OF ) THE U.S. HOUSE OF REPRESENTATIVES and ) BRIAN SUTTER, ) ) Respondents. ) )
RESPONDENTS’ CONSOLIDATED (I) RESPONSE TO ORDER TO SHOW CAUSE, AND (II) MEMORANDUM IN SUPPORT OF MOTION TO DISMISS OR, IN THE ALTERNATIVE, TO TRANSFER
Kerry W. Kircher, General Counsel William Pittard, Deputy General Counsel Todd B. Tatelman, Assistant Counsel Mary Beth Walker, Assistant Counsel Eleni M. Roumel, Assistant Counsel Isaac B. Rosenberg, Assistant Counsel OFFICE OF GENERAL COUNSEL U.S. HOUSE OF REPRESENTATIVES
 
219 Cannon House Office Building Washington, D.C. 20515 Telephone: (202) 225-9700
Counsel for Respondents the Committee on Ways and Means of the U.S. House of Representatives, and Brian Sutter 
 July 4, 2014
Case 1:14-mc-00193-P1 Document 15 Filed 07/04/14 Page 1 of 60
 
i
TABLE OF CONTENTS
TABLE OF AUTHORITIES .....................................................................................iii GLOSSARY ..............................................................................................................xii INTRODUCTION .....................................................................................................1 BACKGROUND .......................................................................................................2 I. The Committee and Its Subcommittee on Health. .............................2 II.
 
The Committee’s Work on Certain Health Issues during the Current Congress. ..............................................................................4 III.
 
The SEC (and DOJ) Investigations and Subpoenas. ..........................7 ARGUMENT .............................................................................................................12 I. This Action is Barred by the Doctrine of Sovereign Immunity. ........13 II. This Court Lacks Personal Jurisdiction over the Committee and Mr. Sutter. ..........................................................................................16 A. Due Process Requires Minimum Contacts and Constitutional Reasonableness...............................................17 B. It Is Not Constitutionally Reasonable for This Court to Exercise Personal Jurisdiction over the Committee and Mr. Sutter. ..............................................................................18 III. Venue Is Improper Here And, Even if It Were Proper, It Would Be More Appropriate in the District of Columbia. ............................21 IV. The Speech or Debate Clause Bars Enforcement of the SEC’s Subpoenas. .........................................................................................23 A. Constitutional Overview. .......................................................24 1. The History and Purpose of the Clause......................24 2. The Scope of the Clause. ...........................................26 3. The Protections Afforded by the Clause. ...................28 B. The Speech or Debate Clause Applies Here to Bar the SEC’s Enforcement Action. ...................................................29 C. The SEC’s Contrary Arguments Are Unavailing. .................31
Case 1:14-mc-00193-P1 Document 15 Filed 07/04/14 Page 2 of 60
 
ii V. Federal Common Law Bars the SEC from Deposing Mr. Sutter. .....39 A. The Exceptional Circumstances Doctrine Applies to Mr. Sutter. ..............................................................................40 B. The Information the SEC Seeks Can Be Obtained Elsewhere. ..............................................................................42 C. The Information Sought Is Not Necessary or Essential to the SEC’s Investigation..........................................................43 D. Compliance with the Subpoena Would Interfere with Mr. Sutter’s Official Responsibilities. ...................................44 CONCLUSION ..........................................................................................................45 CERTIFICATE OF SERVICE
Case 1:14-mc-00193-P1 Document 15 Filed 07/04/14 Page 3 of 60

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