[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1257 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 1257

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


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 28, 2017

Mr. Meeks (for himself and Mr. Hultgren) introduced the following bill; 
       which was referred to the Committee on Financial Services

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                                 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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