Due Process Restoration Act of 2023

This bill allows private individuals or companies facing SEC enforcement actions to request the SEC terminate its administrative case within 20 days of notice. If they exercise this option, the SEC may instead file a civil lawsuit seeking the same penalties (like fines or cease-and-desist orders) in federal court. The civil case must follow standard venue rules under federal law. It changes the procedural path for enforcement but does not alter the penalties the SEC can seek.