3.0.0 4208 2023-01-15T04:48:35Z 2023-01-15T04:48:35Z House H HR 2004-04-22 108 hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Referred to 2004-05-17T18:36:45Z Referred to 2004-04-22T13:01:10Z 2004-05-17 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. Committee 2004-04-22 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2004-04-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2004-04-22 Introduced in House IntroReferral 1000 9 Library of Congress F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 N Finance and Financial Sector Administrative procedure Commerce Employee stock options Executive compensation Government Operations and Politics Independent regulatory commissions Labor and Employment Law Profit Securities and Exchange Commission Finance and Financial Sector

00 2004-04-22 Introduced in House 2004-06-09T19:37:36Z Executive Stock Option Profit Recapture Act - Amends the Sarbanes-Oxley Act of 2002 to direct the Securities and Exchange Commission (SEC) to prescribe rules declaring that, if, at the end of a period ending one year after one or more of the five most highly compensated executive officers or the directors of an issuer have exercised options on the issuer's securities granted as compensation, the issuer's stock has declined by a material amount, then such executive officer or director shall be required to reimburse the issuer for all gains realized on the sale of securities obtained as a result of the option exercise that are in excess of any gains that would have been realized had the securities been sold at the stock price at the end of such one-year period.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Introduced in House 2004-04-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-108hr4208ih/xml/BILLS-108hr4208ih.xml 2004-05-17 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.