Securities and Exchange Commission Overpayment Credit Act

Hozzl · 2023-01-11T13:27:37Z

Explore the details of House Bill 1975 Securities and Exchange Commission Overpayment Credit Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

1/11/2023, 1:27 PM

Congressional Summary of HR 1975

(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.

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Current Status of Bill HR 1975

Bill HR 1975 is currently in the status of Bill Introduced since April 22, 2015. Bill HR 1975 was introduced during Congress 114 and was introduced to the House on April 22, 2015. Bill HR 1975's most recent activity was Placed on the Union Calendar, Calendar No. 385. as of April 19, 2016

Bipartisan Support of Bill HR 1975

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1975

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Executive agency funding and structure

- Securities

- Securities and Exchange Commission (SEC)

- User charges and fees

Alternate Title(s) of Bill HR 1975

Securities and Exchange Commission Overpayment Credit Act

To amend the Securities Exchange Act of 1934 to require the Securities Exchange Commission to refund or credit excess payments made to the Commission.

Securities and Exchange Commission Overpayment Credit Act