S 3461 · 114th Congress · Finance and Financial Sector

Securities and Exchange Commission Overpayment Credit Act

Introduced 2016-09-29· Sponsored by Sen. Kirk, Mark Steven [R-IL]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2016-09-29)

Plain Language Summary

[AI summary unavailable — showing source text] Securities and Exchange Commission Overpayment Credit Act This bill instructs the Securities and Exchange Commission (SEC) to offset, by a prescribed amount, future fees and assessments due by a national securities exchange or a national securities association that has paid fees and assessments to the SEC in an amount exceeding the amount of transaction fees required under the Securities and Exchange Act of 1934 if, within 10 years of paying such excess amount, the exchange or association informs the SEC about payment of that amount.…

Summarized by Claude AI · Non-partisan · For informational purposes only