HR 4084 · 107th Congress · Finance and Financial Sector
Corporate Asset Protection Act of 2002
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.(2002-04-29)
Plain Language Summary
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Corporate Asset Protection Act of 2002 - Amends the Securities Exchange Act of 1934 to prohibit a reporting issuer (registrant on a national securities exchange) from offering or providing a loan to an insider unless: (1) the issuer is a financial institution; and (2) the terms are not substantially more advantageous than those offered to non-insiders. Prescribes civil penalties for violation of such prohibition.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (8)
7 Democrats1 Independent