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- H.R.5956
H.R.5956: Fair Fund Improvement Act
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about law
- Introduced July 28, 2006
- Latest Major Action July 28, 2006
Bill Sponsor
Bill Cosponsors
4 (2 Democrats, 3 Republicans)
Bill Summary
Fair Fund Improvement Act - Amends the Sarbanes-Oxley Act of 2002 to revise the requirement that, if the Securities Exchange Commission (SEC) obtains an order requiring disgorgement for a violation, and also obtains a civil penalty, such penalty shall, at SEC motion or discretion, be added to the disgorgement fund for the benefit of victims. Repeals the initial requirement for a disgorgement order. Declares that, if the SEC obtains a civil...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Financial Services.
|
|
| July 28, 2006 |
Introduced in the House by Richard Hugh Baker (R-La.) |