3.0.0 5956 2023-01-12T17:52:33Z 2023-01-12T17:52:33Z House H HR 2006-07-28 109 hsba00 Financial Services Committee House Standing Referred to 2006-07-28T14:06:10Z 2006-07-28 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2006-07-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2006-07-28 Introduced in House IntroReferral 1000 9 Library of Congress B000072 Rep. Baker, Richard H. [R-LA-6] RICHARD BAKER R LA H. 6 N K000008 Rep. Kanjorski, Paul E. [D-PA-11] PAUL KANJORSKI D PA E. 11 2006-07-28 True O000163 Rep. Oxley, Michael G. [R-OH-4] MICHAEL OXLEY R OH G. 4 2006-07-28 True F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2006-07-28 True S001144 Rep. Shays, Christopher [R-CT-4] CHRISTOPHER SHAYS R CT 4 2006-07-28 True Finance and Financial Sector Collection of accounts Compensation for victims of crime Crime and Law Enforcement Economics and Public Finance Fines (Penalties) Government Operations and Politics Government procurement Government service contracts Law Legal fees Legal services Securities fraud Victims Finance and Financial Sector 00 2006-07-28 Introduced in House 2006-09-05T16:23:21Z Fair Fund Improvement Act - Amends the Sarbanes-Oxley Act of 2002 to revise the requirement that, if the Securities Exchange Commission (SEC) obtains an order requiring disgorgement for a violation, and also obtains a civil penalty, such penalty shall, at SEC motion or discretion, be added to the disgorgement fund for the benefit of victims. Repeals the initial requirement for a disgorgement order. Declares that, if the SEC obtains a civil penalty for violation of securities laws, the penalty shall, upon SEC motion, be added to and become part of a disgorgement or other fund established for the benefit of the victims of such violation.

Authorizes the SEC to enter into contracts to retain private legal counsel to collect delinquent judgments and orders.

]]> Fair Fund Improvement Act Display Title Fair Fund Improvement Act Official Title as Introduced To make all civil penalties collected by the Securities and Exchange Commission in securities law enforcement actions available for the benefit of victims of securities law violations, and for other purposes. Introduced in House IH Short Titles as Introduced Fair Fund Improvement Act Introduced in House 2006-07-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr5956ih/xml/BILLS-109hr5956ih.xml 2006-07-28 Referred to the House Committee on Financial Services. 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.