Securities and Exchange Commission Overpayment Credit Act

1/11/2023, 1:27 PM

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Securities and Exchange Commission Overpayment Credit Act

(Sec. 2) This bill amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission (SEC) to offset future fees and assessments otherwise due from a national securities exchange or national securities association if it is informed within 10 years that the entity has overpaid past fees and assessments.

This requirement applies to any fees and assessments paid before, on, or after the enactment of this Act.

Congress
114

Number
HR - 1975

Introduced on
2015-04-22

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

4/19/2016

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Securities and Exchange Commission Overpayment Credit Act

(Sec. 2) This bill amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission (SEC) to offset future fees and assessments otherwise due from a national securities exchange or national securities association if it is informed within 10 years that the entity has overpaid past fees and assessments.

This requirement applies to any fees and assessments paid before, on, or after the enactment of this Act.

Alternative Names
Official Title as IntroducedTo amend the Securities Exchange Act of 1934 to require the Securities Exchange Commission to refund or credit excess payments made to the Commission.

Policy Areas
Finance and Financial Sector

Potential Impact
Executive agency funding and structure
Securities
Securities and Exchange Commission (SEC)
User charges and fees

Comments

Recent Activity

Latest Summary4/20/2016

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Securities and Exchange Commission Overpayment Credit Act

(Sec. 2) This bill amends the Secur...


Latest Action4/19/2016
Placed on the Union Calendar, Calendar No. 385.