S462: Securities and Exchange Commission Overpayment Credit Act

By | February 20, 2018
Seal of the U.S. Securities and Exchange Commission.

Seal of the U.S. Securities and Exchange Commission.

Requires the SEC to offset assessments from national securities exchanges which have previously overpaid assessments.

Official Summary

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.

Passed House
Passed Senate
2017-09-11
Signed by President
Became Public Law

Amendments

None.

Sponsors

Original sponsor: Sen. Heller, Dean [R-NV]

Cosponsors: Sen. Heitkamp, Heidi [D-ND], Sen. Donnelly, Joe [D-IN], Sen. Toomey, Pat [R-PA], Sen. Warner, Mark R. [D-VA]

Votes

Passed Senate by unanimous consent.

Related bill:  HR 1257

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