Requires the SEC to offset assessments from national securities exchanges which have previously overpaid assessments.
Securities and Exchange Commission Overpayment Credit Act
This bill requires the Securities and Exchange Commission (SEC) to offset future fees and assessments due from a national securities exchange or association that: (1) has previously overpaid such fees and assessments, and (2) informs the SEC of the overpayment within 10 years.
Original sponsor: Sen. Heller, Dean [R-NV]
Passed Senate by unanimous consent.
Related bill: HR 1257