[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1975 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 1975

To amend the Securities Exchange Act of 1934 to require the Securities 
  Exchange Commission to refund or credit excess payments made to the 
                              Commission.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 22, 2015

 Mr. Meeks (for himself, Mr. Hultgren, Mr. Foster, and Mrs. Carolyn B. 
Maloney of New York) introduced the following bill; which was referred 
                 to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To amend the Securities Exchange Act of 1934 to require the Securities 
  Exchange Commission to refund or credit excess payments made to the 
                              Commission.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Securities and Exchange Commission 
Overpayment Credit Act''.

SEC. 2. REFUNDING OR CREDITING OVERPAYMENT OF SECTION 31 FEES.

    (a) In General.--Section 31 of the Securities Exchange Act of 1934 
(15 U.S.C. 78ee) is amended by adding at the end the following:
    ``(n) Overpayment.--If a national securities exchange or national 
securities association pays to the Commission an amount in excess of 
fees and assessments due under this section and informs the Commission 
of such amount paid in excess within 10 years of the date of the 
payment, the Commission shall offset future fees and assessments due by 
such exchange or association in an amount equal to such excess 
amount.''.
    (b) Applicability.--The amendment made by this section shall apply 
to any fees and assessments paid before, on, or after the date of 
enactment of this section.
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