[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3546 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 3546

 To exempt transactions by certain victim compensation trusts from the 
 application of section 16 of the Securities Exchange Act of 1934, and 
                          for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 25, 2021

 Mr. Thompson of California (for himself, Mr. Vargas, and Mr. LaMalfa) 
 introduced the following bill; which was referred to the Committee on 
                           Financial Services

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                                 A BILL


 
 To exempt transactions by certain victim compensation trusts from the 
 application of section 16 of the Securities Exchange Act of 1934, and 
                          for other purposes.

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

SECTION 1. EXEMPTION OF TRANSACTIONS BY CERTAIN VICTIM COMPENSATION 
              TRUSTS.

    Transactions by a court-approved victim compensation trust 
established for the benefit of more than 50,000 persons and entities 
impacted by one or more natural disasters, however caused, including 
one or more major disasters declared by the President under section 401 
of the Robert T. Stafford Disaster Relief and Emergency Assistance Act 
(42 U.S.C. 5170), shall be exempt from the provisions of section 16 of 
the Securities Exchange Act of 1934 (15 U.S.C. 78p).
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