legislation: 109-hr-5956

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
109-hr-5956 109 hr 5956 Fair Fund Improvement Act Finance and Financial Sector 2006-07-28 2006-07-28 Referred to the House Committee on Financial Services. House Rep. Baker, Richard H. [R-LA-6] LA R B000072 4 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. 2023-01-12T17:52:33Z  

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