3.0.0 2483 2023-01-11T13:22:47Z 2023-01-11T13:22:47Z House H HR 2011-07-11 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GRIMM:H.R. 2483.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3.[Page H4851]]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Reported by 2011-12-14T20:30:11Z Markup by 2011-12-14T20:29:39Z Referred to 2011-08-22T18:02:16Z Hearings by 2011-05-11T15:32:13Z Referred to 2011-07-11T16:00:40Z hsag00 Agriculture Committee House Standing hsag16 General Farm Commodities, Risk Management, and Credit Subcommittee Referred to 2011-07-22T13:31:44Z Referred to 2011-07-11T16:00:45Z 2011-12-14 hsba16 Capital Markets Subcommittee 1 House committee actions Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 19 - 14 . Committee 2011-12-14 hsba16 Capital Markets Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2011-08-22 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2011-07-22 hsag16 General Farm Commodities, Risk Management, and Credit Subcommittee 1 House committee actions Referred to the Subcommittee on General Farm Commodities and Risk Management. Committee 2011-07-11 Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2011-07-11 Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-07-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-07-11 Introduced in House IntroReferral 1000 9 Library of Congress 2011-05-11 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral. Committee G000569 Rep. Grimm, Michael G. [R-NY-13] Michael Grimm R NY G. 13 N G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2011-07-11 True S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2011-07-11 True C001064 Rep. Campbell, John [R-CA-48] John Campbell R CA 48 2011-07-11 True F000461 Rep. Flores, Bill [R-TX-17] Bill Flores R TX 17 2011-07-15 False M001138 Rep. Manzullo, Donald A. [R-IL-16] DONALD MANZULLO R IL 16 2011-09-14 False Finance and Financial Sector Administrative remedies Business ethics Commodities markets Congressional oversight Corporate finance and management Employment discrimination and employee rights Financial services and investments Government information and archives Government studies and investigations Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2011-07-11 Introduced in House 2011-09-27T16:29:30Z Whistleblower Improvement Act of 2011 - Amends the Securities Exchange Act of 1934 and the Commodity Exchange Act to require a whistleblower employee, as a prerequisite to eligibility for a whistleblower award, to: (1) first report information relating to misconduct to his or her employer before reporting it to the Securities and Exchange Commission (SEC), and (2) report such information to the SEC within 180 days after reporting it to the employer.

Prohibits a whistleblower award to any whistleblower who fails to report the relevant information to his or her employer first, unless: (1) the employer lacks either a policy prohibiting retaliation for reporting potential misconduct or an internal reporting system allowing for anonymous reporting, or (2) the SEC determines that internal reporting was not a viable option.

Prohibits a whistleblower award to any whistleblower who has legal or compliance responsibilities and a fiduciary or contractual obligation to investigate internal reports of misconduct or violations if the information learned by the whistleblower during the course of his or her duties was communicated with the reasonable expectation that such person would take appropriate steps to respond.

Makes the whistleblower award discretionary instead of mandatory. Repeals the minimum award requirement.

Prohibits an award to a whistleblower found civilly liable or determined by the SEC to have been complicit in misconduct related to the pertinent violation.

Requires the SEC to notify the pertinent entity before commencing any enforcement action relating to information reported by a whistleblower, unless such notification would jeopardize investigative measures and impede the gathering of relevant facts.

Directs the Comptroller General to study what impact, if any, the whistleblower incentives program has had upon shareholder value.

]]> Whistleblower Improvement Act of 2011 Display Title Whistleblower Improvement Act of 2011 Official Title as Introduced To amend the Securities Exchange Act of 1934 and the Commodity Exchange Act to modify certain provisions relating to whistleblower incentives and protection. Introduced in House IH Short Titles as Introduced Whistleblower Improvement Act of 2011 Introduced in House 2011-07-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2483ih/xml/BILLS-112hr2483ih.xml 2011-12-14 Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 19 - 14 . 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.