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H.R.5496 / 107th Congress

Justice for Victims of Corporate Fraud Act

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Official summary

Version 00 · Introduced in House · Sep 26, 2002

Justice for Victims of Corporate Fraud Act - Directs the Securities Exchange Commission to establish an allocation system for any disgorgement fund that has been established pursuant to an order for an accounting and disgorgement of funds, and which is designated for victims of securities laws violations committed by either a corporation or its auditing firm.Grants first priority to former employees of the corporation who participated in an individual account plan established by such corporation.Declares that civil penalties collected in the SEC enforcement proceeding shall be added to the disgorgement fund. Amends the Federal Election Campaign Act of 1971 to permit transfer of certain Federal campaign contributions into the disgorgement fund as well.

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Who introduced it

Rep. Tiahrt, Todd [R-KS-4] · R–KS

Committees

  • Financial Services Committee
  • Committee on House Administration
0 cosponsorship records, including any withdrawals

    Actions

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    1. Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

    2. Referred to the Committee on Financial Services, and in addition to the Committee on House Administration, 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.

    3. Referred to the Committee on Financial Services, and in addition to the Committee on House Administration, 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.

    4. Referred to the Committee on Financial Services, and in addition to the Committee on House Administration, 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.

    5. Introduced in House

    6. Introduced in House

    Bill text & related measures

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    Related bills identified by Congress.gov

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    Source last updated: Aug 19, 2025. Consult Congress.gov for the current record.

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