legislation

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

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216 rows where congress = 107 and policy_area = "Finance and Financial Sector" sorted by introduced_date descending

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  • Finance and Financial Sector · 216 ✖

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  • 107 · 216 ✖
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
107-s-3174 107 s 3174 Protection of Family Farmers and Family Fisherman Act of 2002 Finance and Financial Sector 2002-11-19 2002-11-19 Read twice and referred to the Committee on the Judiciary. Senate Sen. Grassley, Chuck [R-IA] IA R G000386 3 Protection of Family Farmers and Family Fishermen Act of 2002 - Amends the Federal Bankruptcy Code to reenact Chapter 12, Adjustment of Debts of a Family Farmer with Regular Annual Income (thus reinstating permanently family farmer bankruptcy relief).Provides periodic adjustments for inflation of the debt limit for family farmers.Cites circumstances under which the claim of a governmental unit that arises from the disposition of a farm asset used in the debtor's farming operation shall be treated as an unsecured claim not entitled to priority.Increases from $1.5 million to $3.237 million the maximum aggregate debt that permits a farming operation to qualify as a family farming operation for debt adjustment purposes. Decreases from 80 percent to 50 percent the minimum percentage of aggregate, noncontingent liquidated debts arising out of such a farming operation.Repeals the requirement that a family farmer and spouse receive over 50 percent of income from farming operations in the year before a bankruptcy petition is filed.Prohibits: (1) retroactive assessment of disposable income; and (2) post-confirmation modification of a bankruptcy plan that would increase the amount of payments that were due before such modification. Requires debtor's consent for post-confirmation increase in payments.Extends Chapter 12 coverage to family fishermen whose aggregate debts do not exceed $1.5 million, of which at least 80 percent of aggregate noncontingent, liquidated debts arise out of a commercial fishing operation. 2025-08-19T17:30:13Z https://www.congress.gov/bill/107th-congress/senate-bill/3174
107-hr-5744 107 hr 5744 Bankruptcy Abuse Prevention and Consumer Protection Act of 2002 Finance and Financial Sector 2002-11-14 2002-11-14 Referred to the Committee on the Judiciary, and in addition to the Committee on Financial Services, 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. House Rep. Gekas, George W. [R-PA-17] PA R G000121 0 Bankruptcy Abuse Prevention and Consumer Protection Act of 2002 - Amends Federal bankruptcy law governing: (1) conversion of bankruptcy petitions; (2) abusive creditor practices; (3) domestic support obligations; (4) consumer protections, including protection of personally identifiable information; (5) measures to discourage bankruptcy abuse, including reduction of the homestead exemption for fraud; (6) guidelines for general and small business bankruptcies, including appointment of a committee of retired employees; (7) bankruptcy data dissemination and bankruptcy tax provisions; (8) ancillary and other cross-border cases to incorporate the Model Law on Cross-Border Insolvency; and (9) financial contracts and transfers entered into with an insolvent insured depository institution before its conservatorship or receivership.Reenacts Chapter 12, Adjustment of Debts of a Family Farmer with Regular Annual Income.Brings family fishermen within the purview of Federal bankruptcy protection.Prescribes guidelines for insolvent health care businesses and related patients' rights.Bankruptcy Judgeship Act of 2002 - Amends the Federal Judicial Code to mandate appointments for additional temporary bankruptcy judgeships in designated States. (This provision does not appear in H.R. 5745, as inserted in H.R. 333).Prescribes additional consumer credit disclosures, including open end credit plans and introductory rates. 2025-08-19T17:29:42Z https://www.congress.gov/bill/107th-congress/house-bill/5744
107-hr-5745 107 hr 5745 Bankruptcy Abuse Prevention and Consumer Protection Act of 2002 Finance and Financial Sector 2002-11-14 2002-11-14 Referred to the Committee on the Judiciary, and in addition to the Committee on Financial Services, 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. House Rep. Gekas, George W. [R-PA-17] PA R G000121 0 Bankruptcy Abuse Prevention and Consumer Protection Act of 2002 - Amends Federal bankruptcy law governing: (1) conversion of bankruptcy petitions; (2) abusive creditor practices; (3) domestic support obligations; (4) consumer protections, including protection of personally identifiable information; (5) measures to discourage bankruptcy abuse, including reduction of the homestead exemption for fraud; (6) guidelines for general and small business bankruptcies, including appointment of a committee of retired employees; (7) bankruptcy data dissemination and bankruptcy tax provisions; (8) ancillary and other cross-border cases to incorporate the Model Law on Cross-Border Insolvency; and (9) financial contracts and transfers entered into with an insolvent insured depository institution before its conservatorship or receivership.Reenacts Chapter 12, Adjustment of Debts of a Family Farmer with Regular Annual Income.Brings family fishermen within the purview of Federal bankruptcy protection.Prescribes guidelines for insolvent health care businesses and related patients' rights.Prescribes additional consumer credit disclosures, including open end credit plans and introductory rates. 2025-08-19T17:29:27Z https://www.congress.gov/bill/107th-congress/house-bill/5745
107-hr-5696 107 hr 5696 Office of Federal Housing Enterprise Oversight Funding Reform Act of 2002 Finance and Financial Sector 2002-10-21 2002-10-25 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Bentsen, Ken [D-TX-25] TX D B000400 3 Office of Federal Housing Enterprise Oversight Funding Reform Act of 2002 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to make funding available for the Office of Federal Housing Enterprise Oversight without reference to "the extent provided in appropriation Acts." 2025-08-19T17:28:35Z https://www.congress.gov/bill/107th-congress/house-bill/5696
107-s-3139 107 s 3139 Employee Pension Bankruptcy Protection Act of 2002 Finance and Financial Sector 2002-10-17 2002-10-17 Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S10708-10709) Senate Sen. Sessions, Jeff [R-AL] AL R S001141 2 See summary of: S. 3028 2025-08-19T17:28:43Z https://www.congress.gov/bill/107th-congress/senate-bill/3139
107-hr-5664 107 hr 5664 Employee Retirement Preservation Act Finance and Financial Sector 2002-10-16 2002-11-12 Referred to the Subcommittee on Commercial and Administrative Law. House Rep. Ford, Harold E., Jr. [D-TN-9] TN D F000262 0 Employee Retirement Preservation Act - Amends Federal bankruptcy law to bring within its purview a claim regarding a right or interest in equity securities of the debtor held in a pension plan for the benefit of an individual who is not an officer or director of the debtor, if such securities were attributable to: (1) employer contributions by the debtor; and (2) certain elective deferrals required to be invested in such securities under the terms of the pension plan.Bars claims regarding such securities during any period in which the individual or any beneficiary has the right to direct the plan to divest such securities and to reinvest an equivalent amount in other investment options of the plan.Includes within the fourth order of priorities in bankruptcy allowed unsecured claims regarding equity securities of the debtor that are held in a pension plan without regard to when services were rendered or limitation in amount, and measured by the market value of the stock at the time the stock was contributed to, or purchased by, the plan.Increases from $4,000 to $13,500 allowed unsecured claims for certain employee-earned benefits and compensation. 2025-08-19T17:31:39Z https://www.congress.gov/bill/107th-congress/house-bill/5664
107-hr-5621 107 hr 5621 Federal Credit Union Services Expansion Act of 2002 Finance and Financial Sector 2002-10-10 2002-10-25 Referred to the Subcommittee on Financial Institutions and Consumer Credit. House Rep. LaFalce, John J. [D-NY-29] NY D L000556 0 Federal Credit Union Services Expansion Act of 2002 - Amends the Federal Credit Union Act (FCUA) to exempt from the numerical limitation on credit union membership: (1) a Federal credit union merger approved by the National Credit Union Administration Board as of August 7, 1998; and (2) student groups, if certain financial education materials are furnished.Instructs the Board to prescribe criteria for continued membership of certain member groups in community charter conversions.Includes electronic fund transfers among the services available to persons in the field of membership (but not members).Raises the ceiling on member business loans.Amends the Small Business Act (SBA) to allow credit union participation in SBA guaranteed loan programs.Amends the FCUA to declare that if a credit union provides debt management and counseling services it may expand its membership in underserved communities that show both: (1) significant unmet needs for affordable short-term credit from depository institutions; and (2) a high concentration of noninsured commercial credit facilities offering high-cost credit and money transfer services.Amends the Community Development Banking and Financial Institutions Act of 1994, with respect to business loans to credit union members, to extend the meaning of insured credit union to include a nonprofit organization owned collectively by insured credit unions.Amends the FCUA to prescribe guidelines governing: (1) investments for the credit union's own account; (2) conversion of insured credit unions to mutual savings banks; (3) member participation in credit union decisions to terminate share insurance; and (4) membership and activities of insured state-chartered credit unions. 2025-08-19T17:31:51Z https://www.congress.gov/bill/107th-congress/house-bill/5621
107-hr-5625 107 hr 5625 Stop Enablers of Fraud Act Finance and Financial Sector 2002-10-10 2002-11-12 Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. House Rep. Markey, Edward J. [D-MA-7] MA D M000133 0 Stop Enablers of Fraud Act - Amends the following Acts to impose liability for recklessly or knowingly providing substantial assistance towards aiding and abetting violations: (1) the Securities Act of 1933; (2) the Securities Exchange Act of 1934; (3) the Investment Company Act of 1940; and (4) the Investment Advisers Act of 1940.Shields from liability an omission or failure to act unless such omission or failure constitutes a breach of a duty owed by the relevant party. 2025-08-19T17:32:25Z https://www.congress.gov/bill/107th-congress/house-bill/5625
107-hr-5525 107 hr 5525 Corporate Bankruptcy Abuse Prevention and Employee Protection Act of 2002 Finance and Financial Sector 2002-10-02 2002-11-12 Referred to the Subcommittee on Commercial and Administrative Law. House Rep. Gekas, George W. [R-PA-17] PA R G000121 0 Corporate Bankruptcy Abuse Prevention and Employee Protection Act of 2002 - Amends Federal bankruptcy law to: (1) extend from 90 to 180 days before the bankruptcy petition the earning period in which certain employee wages and benefits enjoy third rank priority among unsecured claims and benefits; (2) increase to $10,000 each the amount of employee wages and contributions to employee benefit plans that have priority as unsecured claims and benefit; (3) extend from one to two years before the filing for bankruptcy the threshold date of any transfer of property interest of the debtor or any obligation incurred by the debtor which may be avoided by the bankruptcy trustee as a fraudulent transfer or obligation (including any transfer to or for the benefit of an insider under an employment contract and not in the ordinary course of business); and (4) provide for court-ordered reinstatement of insurance benefits for retired employees that had been modified by an insolvent debtor during the 180-day period ending on the date of the filing for bankruptcy. 2025-08-19T17:29:57Z https://www.congress.gov/bill/107th-congress/house-bill/5525
107-hr-5536 107 hr 5536 ATM Public Safety and Crime Control Act Finance and Financial Sector 2002-10-02 2002-11-12 Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. House Rep. Nadler, Jerrold [D-NY-8] NY D N000002 0 ATM Public Safety and Crime Control Act - Amends the Bank Protection Act of 1968 and the Federal Credit Union Act to direct each Federal banking supervisory agency and the National Credit Union Administration Board (NCUAB), respectively, to require a depository institution to: (1) provide lighting and a surveillance camera of sufficient quality to produce surveillance pictures which can be used effectively as evidence in a criminal prosecution of illegal activities at the location monitored by the camera; and (2) operate such camera in a manner which does not compromise the quality of the surveillance pictures.Amends the Federal Judicial Code to instruct the Director of the Federal Bureau of Investigation to: (1) periodically review the standards and procedures applicable to such surveillance and security requirements; and (2) make technical recommendations to the Federal banking agencies and the NCUAB on standards and procedures to implement this Act.Sets forth a timetable for the Federal banking agencies and the NCUAB to prescribe final regulations that require depository institutions and credit unions to achieve compliance with this Act. 2025-08-19T17:28:32Z https://www.congress.gov/bill/107th-congress/house-bill/5536
107-s-3034 107 s 3034 Check Truncation Act Finance and Financial Sector 2002-10-02 2002-10-02 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Johnson, Tim [D-SD] SD D J000177 2 Check Truncation Act - Sets forth a statutory framework under which a substitute check is the legal equivalent of an original check for all purposes, if the substitute check: (1) accurately represents all of the information on the front and back of the original check as of the time the original check was truncated; and (2) bears the legend: "This is a legal copy of your check. You can use it the same way you would use the original check." Prescribes implementation guidelines, including: (1) indemnity procedures; (2) substitute check warranties; (3) expedited recredit claims for consumers and for banks; (4) procedures for claims; (5) measure of damages; (6) statute of limitations; and (7) consumer education materials. 2025-08-19T17:31:09Z https://www.congress.gov/bill/107th-congress/senate-bill/3034
107-hr-5507 107 hr 5507 Truth in Lending Inflation Adjustment Act Finance and Financial Sector 2002-10-01 2002-10-08 Received in the Senate. House Rep. LaFalce, John J. [D-NY-29] NY D L000556 0 Truth in Lending Inflation Adjustment Act - Amends the Consumer Credit Protection Act to increase from $25,000 to $75,000 the maximum amount of a non-mortgage credit or consumer lease transaction to which consumer credit cost information and disclosure requirements apply. 2025-08-19T17:30:02Z https://www.congress.gov/bill/107th-congress/house-bill/5507
107-hr-5472 107 hr 5472 Protection of Family Farmers Act of 2002 Finance and Financial Sector 2002-09-26 2002-12-19 Became Public Law No: 107-377. House Rep. Sensenbrenner, F. James, Jr. [R-WI-9] WI R S000244 0 Amends the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999 to extend from January 1, 2003, until July 1, 2003, the reenactment of chapter 12 of the Federal Bankruptcy Code (Adjustment of Debts of a Family Farmer with Regular Annual Income) (thereby extending family farmer bankruptcy relief). 2025-04-07T13:39:15Z https://www.congress.gov/bill/107th-congress/house-bill/5472
107-hr-5474 107 hr 5474 Identity Theft Consumer Notification Act Finance and Financial Sector 2002-09-26 2002-10-07 Referred to the Subcommittee on Financial Institutions and Consumer Credit. House Rep. Kleczka, Gerald D. [D-WI-4] WI D K000259 1 Identity Theft Consumer Notification Act - Amends the Gramm-Leach-Bliley Act to require that a financial institution to disclose annually to its customers its statutory obligation to: (1) promptly notify the customer if nonpublic personal information has been compromised or misused; (2) help the customer to remedy such compromise, including correcting and updating information contained in a consumer report relating to such customer; (3) reimburse the customer for losses incurred as a result of the compromise or misuse of the information, including fees for obtaining, investigating, and correcting a consumer report on the customer at any consumer reporting agency; and (4) provide information on how the consumer can obtain assistance.Sets forth penalties for the failure of a financial institution to perform its disclosure obligations.Amends the Fair Credit Reporting Act to grant Federal district courts jurisdiction for an action to enforce liability without regard to amount in controversy, in addition to courts of competent jurisdiction. 2025-08-19T17:28:08Z https://www.congress.gov/bill/107th-congress/house-bill/5474
107-hr-5496 107 hr 5496 Justice for Victims of Corporate Fraud Act Finance and Financial Sector 2002-09-26 2002-10-07 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Tiahrt, Todd [R-KS-4] KS R T000260 0 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. 2025-08-19T17:30:40Z https://www.congress.gov/bill/107th-congress/house-bill/5496
107-hr-5457 107 hr 5457 Judicial Code of Conduct Privacy Clarification Act Finance and Financial Sector 2002-09-25 2002-10-07 Referred to the Subcommittee on Financial Institutions and Consumer Credit. House Rep. Biggert, Judy [R-IL-13] IL R B001232 11 Judicial Code of Conduct Privacy Clarification Act - Amends the Gramm-Leach-Bliley Act regarding the disclosure of nonpublic information to exempt attorneys at law from the privacy requirements governing financial institutions if such attorneys are in compliance with the rules of professional conduct as promulgated in their jurisdiction. 2025-08-19T17:29:29Z https://www.congress.gov/bill/107th-congress/house-bill/5457
107-s-2996 107 s 2996 Bankruptcy Abuse Reform Act of 2002 Finance and Financial Sector 2002-09-24 2002-09-24 Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S9123) Senate Sen. Kohl, Herb [D-WI] WI D K000305 2 Bankruptcy Abuse Reform Act of 2002--Amends the Federal bankruptcy code to prohibit a debtor from exempting from the estate in bankruptcy any amount of interest that exceeds in the aggregate $125,000 in value in: (1) real or personal property used as a residence; (2) a cooperative that owns property used as a residence by the debtor or debtor's dependent; or (3) a burial plot for the debtor or debtor's dependent.States that this limitation on such an exemption does not apply to the principal residence of a family farmer. 2025-08-19T17:28:37Z https://www.congress.gov/bill/107th-congress/senate-bill/2996
107-hr-5414 107 hr 5414 Check Clearing for the 21st Century Act Finance and Financial Sector 2002-09-19 2002-09-25 Subcommittee Hearings Held. House Rep. Ferguson, Mike [R-NJ-7] NJ R F000443 22 Check Clearing for the 21st Century Act - Sets forth a statutory framework under which a substitute check is the legal equivalent of an original check for all purposes, if the substitute check: (1) accurately represents all of the information on the front and back of the original check as of the time the original check was truncated; and (2) bears the legend: "This is a legal copy of your check. You can use it the same way you would use the original check." Prescribes implementation guidelines, including: (1) indemnity procedures; (2) substitute check warranties; (3) expedited recredit claims for consumers and for banks; (4) procedures for claims; (5) measure of damages; (6) statute of limitations; and (7) consumer education materials. 2025-08-19T17:31:42Z https://www.congress.gov/bill/107th-congress/house-bill/5414
107-s-2947 107 s 2947 Consumer Rental Purchase Agreement Act of 2002 Finance and Financial Sector 2002-09-17 2002-09-17 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Landrieu, Mary L. [D-LA] LA D L000550 8 Consumer Rental Purchase Agreement Act of 2002 - Amends the Consumer Credit Protection Act to prescribe guidelines for rental-purchase transactions, including: (1) the determination of rental-purchase cost; (2) disclosure requirements; (3) proscriptions against confessions of judgment, wage assignments, and waiver of consumer claims or defenses; (4) furnishing of statements of account; (5) point-of-rental disclosures; and (6) rental-purchase advertising disclosures.Authorizes the Board of Governors of the Federal Reserve System to promulgate implementing regulations.Declares that an action for civil liability may be brought against a merchant's assignee only if the violation is apparent on the face of a rental-purchase agreement to which it relates, including, but not limited to, a disclosure that can be determined to be incomplete or inaccurate from the face of the agreement. Provides for Federal and State enforcement of this Act. 2025-08-19T17:29:02Z https://www.congress.gov/bill/107th-congress/senate-bill/2947
107-hr-5356 107 hr 5356 Federal Reserve Board Abolition Act Finance and Financial Sector 2002-09-10 2002-09-23 Referred to the Subcommittee on Domestic Monetary Policy, Technology and Economic Growth. House Rep. Paul, Ron [R-TX-14] TX R P000583 0 Federal Reserve Board Abolition Act - Abolishes the Board of Governors of the Federal Reserve System and each Federal reserve bank.Repeals the Federal Reserve Act.Instructs the Chairman of the Board to wind up its affairs and those of the Federal reserve banks.Instructs the Director of the Office of Management and Budget to liquidate all assets of the Board and of the Federal reserve banks. 2025-08-19T17:28:08Z https://www.congress.gov/bill/107th-congress/house-bill/5356
107-hr-5348 107 hr 5348 Family Farmers and Family Fishermen Protection Act of 2002 Finance and Financial Sector 2002-09-09 2002-10-07 Referred to the Subcommittee on Commercial and Administrative Law. House Rep. Baldwin, Tammy [D-WI-2] WI D B001230 16 Family Farmers and Family Fishermen Protection Act of 2002 - Amends the Federal Bankruptcy Code to reenact Chapter 12, Adjustment of Debts of a Family Farmer with Regular Annual Income (thus reinstating permanently family farmer bankruptcy relief).Provides periodic adjustments for inflation of the debt limit for family farmers.Cites circumstances under which the claim of a governmental unit that arises from the disposition of a farm asset used in the debtor's farming operation shall be treated as an unsecured claim not entitled to priority.Increases from $1.5 million to $3.237 million the maximum aggregate debt that permits a farming operation to qualify as a family farming operation for debt adjustment purposes. Decreases from 80 percent to 50 percent the minimum percentage of aggregate, noncontingent liquidated debts arising out of such farming operation.Repeals the requirement that a family farmer and spouse receive over 50 percent of income from farming operations in the year before a bankruptcy petition is filed.Prohibits: (1) retroactive assessment of disposable income; and (2) post-confirmation modification of a bankruptcy plan that would increase the amount of payments that were due before such modification. Requires debtor's consent for post-confirmation increase in payments.Extends Chapter 12 coverage to family fishermen whose aggregate debts do not exceed $1.5 million, of which at least 80 percent of aggregate noncontingent, liquidated debts arise out of a commercial fishing operation. 2025-08-19T17:29:46Z https://www.congress.gov/bill/107th-congress/house-bill/5348
107-s-2901 107 s 2901 Corporate Accountability in Bankruptcy Act Finance and Financial Sector 2002-09-03 2002-09-03 Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S8100) Senate Sen. Grassley, Chuck [R-IA] IA R G000386 1 Corporate Accountability in Bankruptcy Act - Amends Federal bankruptcy law to authorize the bankruptcy trustee to avoid any transfer made within one year before the date of the bankruptcy petition if it was made to an insider, officer, or director for any bonuses, loans, or other extraordinary or excessive compensation.Authorizes the bankruptcy trustee to avoid any transfer of debtor's interest in property, or of any obligation incurred by the debtor and paid to any officer, director, or employee of an issuer of securities, if: (1) the transfer was made, or the obligation was incurred within four years before the petition filing date; and (2) the officer, director, or employee committed either a securities violation, or committed fraud, deceit, or manipulation in a fiduciary capacity or in connection with a securities transaction, or engaged in illegal or deceptive accounting practices. 2025-08-19T17:29:22Z https://www.congress.gov/bill/107th-congress/senate-bill/2901
107-s-2877 107 s 2877 Rank and File Stock Option Act of 2002 Finance and Financial Sector 2002-08-01 2002-08-01 Read twice and referred to the Committee on Finance. (consideration: CR S7945-7946) Senate Sen. Lieberman, Joseph I. [D-CT] CT D L000304 1 Rank and File Stock Option Act of 2002 - Amends the Internal Revenue Code to reduce the deduction allowed for granting stock options if the total number of shares in a firm which may be acquired by highly compensated employees pursuant to options exceeds 50 percent of the aggregate share amount. Negates the deduction if: (1) the total number of shares which may be acquired by one highly compensated employee pursuant to options exceeds five percent of the aggregate share amount; or (2) the total number of shares available to covered employees pursuant to options exceeds 15 percent of the aggregate share amount. Allows an exception to the negation provisions if a taxpayer grants an equal number of identical options to every employee. Counts all members of an affiliated group of corporations as one taxpayer.Directs the Securities and Exchange Commission to finalize rules pursuant to the Securities Exchange Act of 1934 to ensure that: (1) shareholder approval is required for stock option plans and grants and other equity interests; and (2) prior to submission of such plans to shareholders for approval, detailed information about the plans is given.Authorizes shareholder approval rules to exempt from the shareholder approval provisions of this Act: (1) certain stock option grants to individual employees; and (2) stock option plans and grants issued by small businesses or by additional small issuers as approved by the Commission.Directs the Commission to conduct an analysis of, and make regulatory and legislative recommendations on, the need for new stock holding period requirements for senior executives. 2026-02-10T13:37:26Z https://www.congress.gov/bill/107th-congress/senate-bill/2877
107-s-2885 107 s 2885 Wire Transfer Fairness and Disclosure Act of 2002 Finance and Financial Sector 2002-08-01 2002-08-01 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S7952) Senate Sen. Corzine, Jon S. [D-NJ] NJ D C001042 1 Wire Transfer Fairness and Disclosure Act of 2002 - Amends the Electronic Fund Transfer Act to require that the following disclosures be prominently displayed on the premises of a money transmitting business which initiates an international money transfer for a consumer: (1) the exchange rate used in connection with such transaction; (2) the exchange rate prevailing at a major financial center of the foreign country whose currency is involved in the transaction; (3) all commissions and fees charged in connection with such transaction; and (4) the exact amount of foreign currency to be received by the recipient in the foreign country, which shall be disclosed to the consumer before the transaction is consummated.Requires further that such disclosures be prominently revealed in advertisements and receipts used by the business, and in the same language as that principally used by the business to advertise, solicit, or negotiate, at that office, if other than English. 2026-02-10T13:37:26Z https://www.congress.gov/bill/107th-congress/senate-bill/2885
107-s-2820 107 s 2820 A bill to increase the priority dollar amount for unsecured claims, and for other purposes. Finance and Financial Sector 2002-07-30 2002-07-30 Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S7581) Senate Sen. Carnahan, Jean [D-MO] MO D C001043 3 Amends Federal bankruptcy law to increase from $4,650 to $13,500 the maximum amount of a claim to recover employee wages and benefits that has priority ranking among unsecured creditor claims.Authorizes the bankruptcy court to avoid any transfer of compensation paid to an employee, officer, or member of the board of directors of a debtor in the 90 days preceding the bankruptcy petition date if the court finds that the compensation is either out of the ordinary course of business, or that it constitutes unjust enrichment. 2025-07-21T19:32:26Z https://www.congress.gov/bill/107th-congress/senate-bill/2820
107-s-2822 107 s 2822 Prevention of Stock Option Abuse Act Finance and Financial Sector 2002-07-30 2002-07-30 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Wyden, Ron [D-OR] OR D W000779 0 Prevention of Stock Option Abuse Act - Instructs the Securities and Exchange Commission to promulgate stock option rules requiring a publicly traded corporation to: (1) obtain prior shareholder approval of stock option compensation plans; and (2) issue to directors or executive officers stock options that have a minimum five-year vesting period.Mandates that such rules also: (1) stagger both the percentage of company stock sold by a director or executive officer and the time periods within which it may be sold; and (2) require quarterly corporate filings to include the total quantity of outstanding stock options held by senior management and staff, as well as a stock option status report. 2025-08-19T17:31:15Z https://www.congress.gov/bill/107th-congress/senate-bill/2822
107-hr-5221 107 hr 5221 Employee Abuse Prevention Act of 2002 Finance and Financial Sector 2002-07-25 2002-08-20 Referred to the Subcommittee on Commercial and Administrative Law. House Rep. Delahunt, William D. [D-MA-10] MA D D000210 0 Employee Abuse Prevention Act of 2002 - Amends the Federal Bankruptcy Code to authorize the bankruptcy trustee to avoid fraudulent transfers and obligations of the debtor: (1) made within four years (currently one year) before the bankruptcy filing date; and (2) if the debtor was insolvent or became insolvent as a result of an excess benefit transfer or an excess benefit obligation incurred to an insider, general partner, or other affiliate.Authorizes the court to recharacterize a transaction as a secured loan if its material characteristics are substantially similar to those of a secured loan.Permits the bankruptcy trustee to avoid transfers of property or obligation of the debtor if a good faith purchaser gave value in reliance on incorrect information contained in any public registry of security interests or liens.Restricts retention bonuses and severance pay made for the benefit of an insider of the debtor.Increases from $4,000 to $13,500 the maximum aggregate claim amount to recover employee wages and benefits that have priority ranking among unsecured creditor claims.Includes as an administrative expense those claims arising out of the breach of any fiduciary duty regarding an employee pension plan maintained by the debtor. Grants such claims priority status.Directs the court to order reinstatement of retiree benefits if it finds that they were modified (or terminated) in contemplation of bankruptcy and were not essential to the viability of debtor's business. 2025-08-19T17:31:45Z https://www.congress.gov/bill/107th-congress/house-bill/5221
107-s-2798 107 s 2798 Employee Abuse Prevention Act of 2002 Finance and Financial Sector 2002-07-25 2002-07-25 Read twice and referred to the Committee on the Judiciary. Senate Sen. Durbin, Richard J. [D-IL] IL D D000563 4 Employee Abuse Prevention Act of 2002 - Amends the Federal bankruptcy code to authorize the bankruptcy trustee to avoid fraudulent transfers and obligations of the debtor: (1) made within four years (currently one year) before the bankruptcy filing date; and (2) if the debtor was insolvent on the date or became insolvent as a result of an excess benefit transfer or an excess benefit obligation incurred to an insider, general partner, or other affiliate.Authorizes the court to recharacterize a transaction as a secured loan if its material characteristics are substantially similar to those of a secured loan.Permits the bankruptcy trustee to avoid transfers of property or obligations of the debtor that are voidable by a good faith purchaser that gave value in reliance on incorrect information contained in any public registry of security interests or liens.Prohibits retention bonuses and severance pay made for the benefit of an insider of the debtor unless certain requirements are met.Allows as a fourth priority any unsecured claim with respect to a right or interest in equity securities of the debtor, or an affiliate of the debtor, that are held in an employee pension plan, without regard to when services were rendered or limitation in amount, and measured by the market value of the stock at the time the stock was contributed to, or purchased by, the plan.Increases from $4,000 to $13,500 the maximum aggregate claim amount to recover employee wages and benefits that have priority ranking among unsecured creditor claims.Includes as an administrative expense with first priority status any claim arising out of the breach of any fiduciary duty regarding an employee pension plan maintained by the debtor.Directs the court to order reinstatement of retiree benefits if it finds that they were modified in contemplation of bankruptcy and were not essential to the viability of debtor's business. 2025-08-19T17:31:40Z https://www.congress.gov/bill/107th-congress/senate-bill/2798
107-hr-5184 107 hr 5184 Corporate Auditing Integrity Act of 2002 Finance and Financial Sector 2002-07-23 2002-08-19 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Davis, Danny K. [D-IL-7] IL D D000096 0 Corporate Auditing Integrity Act of 2002 - Directs the Securities and Exchange Commission (SEC) to establish within its Division of Corporate Finance the Office of Audit Review to participate in and supervise all stages of the audit of a public company.Instructs the SEC to: (1) establish fee assessments to recover Office expenses; and (2) establish criteria to determine which public companies shall be subject to enhanced oversight by the Office. Requires such criteria to include: (1) the size and nature of the public company; (2) the company's participation in recent mergers; (3) other key factors including labor relations, marketing programs, new products, research, and development; and (4) any other circumstances the SEC identifies as posing a high risk of business failure or wrong doing. 2025-08-19T17:32:57Z https://www.congress.gov/bill/107th-congress/house-bill/5184
107-s-2772 107 s 2772 American 5-Cent Coin Design Continuity Act of 2002 Finance and Financial Sector 2002-07-23 2002-07-23 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Allen, George [R-VA] VA R A000121 0 American 5-Cent Coin Design Continuity Act of 2002 - Authorizes the Secretary of the Treasury to change the design on the obverse and the reverse of the 5-cent coin for coins issued in 2003, 2004, and 2005 in commemoration of the bicentennial of the Louisiana Purchase.Amends Federal law governing coins and currency to mandate that: (1) the obverse of any 5-cent coin issued after December 31, 2005, bear an image of Thomas Jefferson; and (2) the reverse of any such coin bear an image of the home of Thomas Jefferson at Monticello.Establishes the Coin Design Advisory Committee to advise the Secretary on: (1) design proposals relating to circulating coinage and numismatic items, including congressional gold medals; and (2) any other issues relating to items produced by the U.S. Mint that the Secretary may request. 2025-08-19T17:29:48Z https://www.congress.gov/bill/107th-congress/senate-bill/2772
107-hr-5178 107 hr 5178 Fair Treatment of Compensation in Bankruptcy Act of 2002 Finance and Financial Sector 2002-07-22 2002-08-20 Referred to the Subcommittee on Commercial and Administrative Law. House Rep. Shows, Ronnie [D-MS-4] MS D S001147 1 Fair Treatment of Compensation in Bankruptcy Act of 2002 - Amends Federal bankruptcy law to increase from $4650 to $13,500 the aggregate amount of a claim to recover employee wages and benefits that has priority ranking among unsecured creditor claims. 2025-08-19T17:30:20Z https://www.congress.gov/bill/107th-congress/house-bill/5178
107-s-2760 107 s 2760 Stock Option Fairness and Accountability Act Finance and Financial Sector 2002-07-19 2002-07-19 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Enzi, Michael B. [R-WY] WY R E000285 9 Stock Option Fairness and Accountability Act - Instructs the Securities and Exchange Commission to analyze, and report recommendations to certain congressional committees on, the accounting treatment of stock options including: (1) the adequacy of current disclosure requirements to investors and shareholders on stock options; (2) the adequacy of corporate governance requirements, including shareholder approval of stock option plans; and (3) the accuracy of available stock option pricing models. 2025-08-19T17:28:42Z https://www.congress.gov/bill/107th-congress/senate-bill/2760
107-hr-5147 107 hr 5147 Stock Option Accounting Reform Act Finance and Financial Sector 2002-07-17 2002-07-29 Referred to the Subcommittee on Commerce, Trade and Consumer Protection. House Rep. Bono, Mary [R-CA-44] CA R B001228 31 Stock Option Accounting Reform Act - Instructs the Financial Accounting Standards Board to develop additional standards for recording as an expense in corporate financial statements the value of stock options granted by a public corporation to its staff. 2025-08-19T17:28:47Z https://www.congress.gov/bill/107th-congress/house-bill/5147
107-hr-5149 107 hr 5149 Markets and Trading Reorganization and Reform Act Finance and Financial Sector 2002-07-17 2002-07-29 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Leach, James A. [R-IA-1] IA R L000169 0 Markets and Trading Reorganization and Reform Act - Establishes the Securities and Commodities Exchange Commission as an independent regulatory body.Transfers to the Commission all functions, officers and components of both the Commodity Futures Trading Commission and the Securities and Exchange Commission, and the functions of Governors of the Federal Reserve System with respect to margin requirements on securities.Establishes the Federal Financial Markets Coordinating Council in the executive branch to coordinate the regulatory operations of its members, composed of: (1) the Board of Governors of the Federal Reserve System; (2) the Comptroller of the Currency; (3) the Secretary of the Treasury; (4) the Securities and Commodities Exchange Commission; (5) the Office of Thrift Supervision; and (6) the Federal Deposit Insurance Corporation. 2025-08-19T17:30:54Z https://www.congress.gov/bill/107th-congress/house-bill/5149
107-s-2724 107 s 2724 A bill to provide regulatory oversight over energy trading markets and metals trading markets, and for other purposes. Finance and Financial Sector 2002-07-11 2002-07-11 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Senate Sen. Feinstein, Dianne [D-CA] CA D F000062 10 Amends the Commodity Exchange Act to instruct the Commodities Futures Trading Commission (CFTC) and the Federal Energy Regulatory Commission (FERC) to maintain a liaison with one another.Places transactions in certain energy or metal commodities within the regulatory and enforcement framework governing futures trading and foreign transactions (including a proscription against market price manipulation of any commodity in either interstate commerce or on the contract market for future delivery).Places electronic trading facilities (bilateral dealer markets) under the regulatory oversight of the CFTC, including filing, recordkeeping, reporting and capital requirements.Prohibits contracts designed to defraud or mislead.Amends the Department of Energy Organization Act to mandate that the following agencies hold quarterly meetings to discuss conditions in energy trading markets and any changes in Federal law needed to regulate them: FERC, CFTC, the Securities Exchange Commission, the Federal Trade Commission and the Federal Reserve Board. 2025-01-14T16:41:20Z https://www.congress.gov/bill/107th-congress/senate-bill/2724
107-hr-5070 107 hr 5070 Public Company Accounting Reform and Investor Protection Act of 2002 Finance and Financial Sector 2002-07-09 2002-08-19 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. LaFalce, John J. [D-NY-29] NY D L000556 6 Public Company Accounting Reform and Investor Protection Act of 2002 - Establishes the Public Company Accounting Oversight Board to impose sanctions upon registered public accounting firms and their associated persons. Authorizes sanctions for failure to supervise.Grants the Securities and Exchange Commission (SEC) oversight of the Board, including general modification and rescission of Board authority.Amends the Securities Act of 1933 to authorize the SEC to recognize, as "generally accepted" for purposes of the securities laws, accounting principles established by a standard setting body.Amends the Securities Exchange Act of 1934 to prohibit a public accounting firm from performing certain non-audit services contemporaneously with a mandatory audit.Mandates audit partner rotation on a five-year basis.Prohibits a public accounting firm from performing statutorily mandated audit services if its senior executives were employed by the issuer and participated in the audit of such issuer during the one-year period preceding the audit date.Vests the audit committee of an issuer with oversight authority over any public accounting firm performing audit services.Requires a chief executive officer and chief financial officer to: (1) certify the veracity of mandatory financial statements; and (2) forfeit certain bonuses and compensation received following an accounting restatement owing to noncompliance with securities laws.Prohibits insider trades during pension fund blackout periods.Mandates enhanced disclosure of: (1) material off-balance sheet transactions and relationships; (2) pro forma financial information that is not misleading, and that is reconciled with generally accepted accounting principles; and (3) loans and loan guarantees made to senior executives.Reduces the mandatory period for disclosure of changes in ownership of securities or security-based swap agreements by certain principal stockholders.Mandates SEC rules governing analyst conflicts of interest. 2025-08-19T17:30:37Z https://www.congress.gov/bill/107th-congress/house-bill/5070
107-hr-5075 107 hr 5075 American 5-Cent Coin Design Continuity Act of 2002 Finance and Financial Sector 2002-07-09 2002-07-15 Referred to the Subcommittee on Domestic Monetary Policy, Technology and Economic Growth. House Rep. Cantor, Eric [R-VA-7] VA R C001046 9 American 5-Cent Coin Design Continuity Act of 2002 - Authorizes the Secretary of the Treasury to change the design on the obverse and the reverse of the 5-cent coin for coins issued in 2003 and 2004 in commemoration of the bicentennial of the Louisiana Purchase.Amends Federal law governing coins and currency to mandate that: (1) the obverse of any 5-cent coin issued after December 31, 2004, bear an image of Thomas Jefferson; and (2) the reverse of any such coin bear an image of the home of Thomas Jefferson at Monticello.Establishes the Coin Design Advisory Committee to advise the Secretary on: (1) design proposals relating to circulating coinage and numismatic items, including congressional gold medals; and (2) any other issues relating to items produced by the U.S. Mint that the Secretary may request. 2025-08-19T17:31:02Z https://www.congress.gov/bill/107th-congress/house-bill/5075
107-hconres-434 107 hconres 434 Expressing the sense of the Congress regarding the economic collapse of WorldCom Inc. Finance and Financial Sector 2002-06-27 2002-07-05 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Shows, Ronnie [D-MS-4] MS D S001147 0 Expresses the sense of the Congress regarding: (1) an investigation into the alleged wrongdoings related to the economic collapse of WorldCom Inc.; and (2) holding accountable, to the fullest extent of the law, any person who is found to have illegally withheld information or disseminated misleading information regarding WorldCom's financial condition. 2025-01-02T16:41:59Z https://www.congress.gov/bill/107th-congress/house-concurrent-resolution/434
107-hr-5048 107 hr 5048 Corporate Executive Responsibility Act of 2002 Finance and Financial Sector 2002-06-27 2002-09-04 Sponsor introductory remarks on measure. (CR E1484-1485) House Rep. Miller, George [D-CA-7] CA D M000725 28 Corporate Executive Responsibility Act of 2002 - Mandates that every national securities exchange and national securities association adopt rules requiring qualitative listing standards for corporate governance of the exchange or association that prohibit loans or other extensions of credit to any corporate insider exceeding $50,000 in the aggregate.Requires the Securities and Exchange Commission to initiate proceedings to add such rules to the rules of such entities if they have not been adopted and made effective nine months after the date of enactment of this Act. 2025-08-19T17:28:42Z https://www.congress.gov/bill/107th-congress/house-bill/5048
107-hr-5058 107 hr 5058 Financial Accounting Standards Board Act Finance and Financial Sector 2002-06-27 2002-07-10 Forwarded by Subcommittee to Full Committee (Amended). House Rep. Stearns, Cliff [R-FL-6] FL R S000822 8 Financial Accounting Standards Board Act - States that the duty of the Financial Accounting Standards Board (FASB) is to establish and improve standards of financial accounting and reporting.Cites general principles and operating objectives to be followed when establishing financial accounting and reporting standards.Instructs the FASB to develop additional standards relating to: (1) off-balance-sheet accounting practices and standards, and accounting requirements for special-purpose entities, in a manner that is based on principles for determining bona fide economic control; and (2) marked-to-market accounting, including consideration of fair value to agreements involving commitments on the part of an issuer.Instructs the FASB to complete work on: (1) the project entitled "Measuring All Financial Assets and Liabilities at Fair Value;" and (2) the proposal entitled "Proposal for new agenda project: Issues relating to the recognition of revenues and liabilities." 2025-08-19T17:29:22Z https://www.congress.gov/bill/107th-congress/house-bill/5058
107-s-2673 107 s 2673 Public Company Accounting Reform and Investor Protection Act of 2002 Finance and Financial Sector 2002-06-25 2002-07-15 Returned to the Calendar. Calendar No. 442. Senate Sen. Sarbanes, Paul S. [D-MD] MD D S000064 0 Public Company Accounting Reform and Investor Protection Act of 2002 - Title I: Public Company Accounting Oversight Board - Establishes the Public Company Accounting Oversight Board to: (1) oversee the audit of public companies that are subject to the securities laws; (2) establish audit report standards and rules; and (2) investigate, inspect, and enforce compliance relating to registered public accounting firms, associated persons, and the obligations and liabilities of accountants.(Sec. 101) Prohibits Board membership from including more than two certified public accountants.(Sec. 102) Mandates registration with the Board by any public accounting firm that performs or participates in any audit report with respect to any issuer.(Sec. 105) Empowers the Board to impose disciplinary or remedial sanctions upon registered public accounting firms and their associated persons who are in violation of this Act, including the securities laws relating to the preparation and issuance of audit reports and the obligations and liabilities of accountants with respect to them.Restricts liability to intentional conduct, or repeated instances of negligent conduct.Authorizes Board sanctions upon a registered accounting firm or its supervisory personnel for failure to supervise.(Sec. 106) Places within the purview of this Act: (1) foreign public accounting firms that prepare or furnish an audit report with respect to any issuer; and (2) audit workpapers.(Sec. 107) Grants the Securities and Exchange Commission (SEC) general oversight of the Board and the power to review Board actions, including general modification and rescission of Board authority.(Sec. 108) Amends the Securities Act of 1933 to: (1) authorize the SEC to recognize, as "generally accepted" for purposes of the securities laws, any accounting principles established by a standard setting body; and (2) direct the SEC to study and report to Congress on the adoption by the U.S. financial reporting system of a principles-based accounting system.Title II: Auditor Independenc… 2025-04-07T13:39:20Z https://www.congress.gov/bill/107th-congress/senate-bill/2673
107-hr-4971 107 hr 4971 Support of American Eagle Silver Bullion Program Act Finance and Financial Sector 2002-06-20 2002-07-05 Referred to the Subcommittee on Domestic Monetary Policy, Technology and Economic Growth. House Rep. Otter, C. L. (Butch) [R-ID-1] ID R O000166 3 Support of American Eagle Silver Bullion Program Act - Requires the Secretary of the Treasury to obtain silver from other available sources when the U.S. silver stockpile is depleted. Prohibits the Secretary from paying more than the average world price for silver under any circumstances. 2025-08-19T17:31:32Z https://www.congress.gov/bill/107th-congress/house-bill/4971
107-hr-4903 107 hr 4903 American 5-Cent Coin Design Continuity Act of 2002 Finance and Financial Sector 2002-06-11 2002-07-23 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. House Rep. Cantor, Eric [R-VA-7] VA R C001046 10 American 5-Cent Coin Design Continuity Act of 2002 - Authorizes the Secretary of the Treasury to change the design on the obverse and reverse sides of five-cent coins issued in 2003, 2004, and 2005 to commemorate the bicentennial of the Louisiana Purchase. States that: (1) if the Secretary elects to change the obverse side design, the new design shall include an image of President Thomas Jefferson in commemoration of his role with respect to the Louisiana Purchase and the commissioning of the Louis and Clark Expedition; and (2) if the reverse side depiction is changed, the new design shall commemorate the Louisiana Purchase.Amends Federal law to declare that after December 31, 2005, any five-cent coin issued shall bear on its obverse side an image of Thomas Jefferson, and on its reverse side an image of Jefferson's home at Monticello.Establishes the Coin Design Advisory Committee to advise the Secretary on any design proposals relating to circulating coinage and numismatic items, and any other proposals or issues relating to items produced by the United States Mint as the Secretary may request. 2025-01-14T18:20:21Z https://www.congress.gov/bill/107th-congress/house-bill/4903
107-s-2600 107 s 2600 Terrorism Risk Insurance Act of 2002 Finance and Financial Sector 2002-06-07 2002-07-25 See also H.R. 3210. Senate Sen. Dodd, Christopher J. [D-CT] CT D D000388 6 Terrorism Risk Insurance Act of 2002 - Establishes in the Department of the Treasury the Terrorism Insured Loss Shared Compensation Program, administered by the Secretary of the Treasury, who shall have general Program authorities and pay the Federal share of compensation for insured losses.(Sec. 4) Prescribes guidelines for: (1) mandatory insurance company participation in the Program; and (2) mandatory availability of property and casualty insurance for insured losses that does not differ materially from coverage limitations applicable to losses arising from events other than terrorism.Predicates Program participation by certain governmental or quasi-governmental entities upon a determination made by the Secretary before the occurrence of an act of terrorism in which the entity incurs an insured loss.Sets forth a formula for shared insurance loss coverage that includes: (1) a Federal share of compensation that is either 80 percent of aggregate insured losses of less than $10 billion, or 90 percent of aggregate insured losses that exceed $10 billion; and (2) a cap on the annual liability of the Federal share of compensation.Denies judicial review of the Secretary's determination.(Sec. 6) Terminates the Program one year after the date of enactment. Prescribes conditions for Program extension.Expresses the sense of Congress that the Secretary should make any determination regarding either Program extension or termination in sufficient time to enable participating insurance companies to include coverage for acts of terrorism in their policies for the second year of the Program, if extended.Mandates studies and reports to Congress on: (1) insurance coverage availability coupled with insurance industry capacity to absorb future losses resulting from acts of terrorism taking into account profitability; (2) the potential effects of acts of terrorism on the availability of life insurance and other insurance coverage; and (3) terrorism risk insurance premium rates charged by participating insurance companies for insured … 2025-04-07T13:39:20Z https://www.congress.gov/bill/107th-congress/senate-bill/2600
107-s-2594 107 s 2594 Support of American Eagle Silver Bullion Program Act Finance and Financial Sector 2002-06-06 2002-07-23 Became Public Law No: 107-201. Senate Sen. Reid, Harry [D-NV] NV D R000146 5 Support of American Eagle Silver Bullion Program Act - Requires the Secretary of the Treasury to obtain silver from other available sources when the United States silver stockpile is depleted. Prohibits the Secretary from paying more than the average world price for silver under any circumstances. 2026-02-10T13:37:26Z https://www.congress.gov/bill/107th-congress/senate-bill/2594
107-hr-4846 107 hr 4846 Silver Eagle Coin Continuation Act of 2002 Finance and Financial Sector 2002-05-23 2002-06-26 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. House Rep. Lucas, Frank D. [R-OK-6] OK R L000491 0 Silver Eagle Coin Continuation Act of 2002 - Amends Federal currency law to repeal the prohibition against using silver transferred to stockpiles established under the Strategic and Critical Materials Stock Piling Act to mint coins.(Sec. 2) Instructs the Secretary of the Treasury to study and report to Congress on the impact on the U.S. silver market of minted and issued coins.Instructs the Director of the United States Mint to report annually to Congress on purchases of silver the Secretary makes.(Sec. 3) Revises conditions for payment of surcharges to recipient organizations to limit such a payment to an amount matching the amount the organization has raised from private funds.(Sec. 4) States that any expense incurred by the Secretary in connection with the Citizens Commemorative Coin Advisory Committee shall be treated as an ordinary and reasonable incident of Mint operations and programs. Mandates preparation of a budget for the United States Mint Public Enterprise Fund, as well as annual financial statements, audits, and reports on the Fund, and an annual marketing report. 2025-04-07T13:37:20Z https://www.congress.gov/bill/107th-congress/house-bill/4846
107-hr-4818 107 hr 4818 Mortgage Loan Consumer Protection Act Finance and Financial Sector 2002-05-22 2002-05-31 Referred to the Subcommittee on Housing and Community Opportunity. House Rep. LaFalce, John J. [D-NY-29] NY D L000556 0 Mortgage Loan Consumer Protection Act - Amends the Truth in Lending Act, with respect to credit extensions secured by a real property interest, to revise the category of excluded finance charge items.Amends the Real Estate Settlement Procedures Act, with respect to the uniform settlement statement, to require: (1) separate lines for "closing costs, "prepaid items," and "all other costs paid at closing"; (2) at least two days' advance availability of the final settlement statement; and (3) disclosure of all lender fees.Provides, with respect to special information booklets, for: (1) harmonization of good faith estimates and settlement statements; and (2) inclusion of refinancing and upfront payment option information.Prohibits markups and unearned fees.Sets forth servicer escrow-related liabilities.Revises damage and cost, and jurisdiction and statute of limitations provisions. 2025-08-19T17:31:52Z https://www.congress.gov/bill/107th-congress/house-bill/4818
107-hr-4827 107 hr 4827 Truth in Electricity Revenue Reporting Act of 2002 Finance and Financial Sector 2002-05-22 2002-06-10 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Walden, Greg [R-OR-2] OR R W000791 3 Truth in Electricity Revenue Reporting Act of 2002 - Amends the Securities Exchange Act of 1934 to subject to liability for misleading statements a financial statement or report of an issuer that treats as revenue, but not as an equal expense, any arrangement to purchase from and subsequently sell to the same person or entity, within any seven-day period, the same quantity of electric power at wholesale at the same price (fraudulent reporting of round trip electric power sales). 2025-08-19T17:32:23Z https://www.congress.gov/bill/107th-congress/house-bill/4827
107-hr-4696 107 hr 4696 To amend title 11 of the United States Code with respect to the allowance of certain claims or interests. Finance and Financial Sector 2002-05-09 2002-07-18 Referred to the Subcommittee on Commercial and Administrative Law. House Rep. Cannon, Chris [R-UT-3] UT R C000116 21 Amends Federal bankruptcy law to disallow a claim to which an objection has been raised to the extent that it is a nonmalignant asbestos related claim (including a claim for pleural plaques, asymptomatic pleural thickening, asbestosis, fear of cancer, emotional distress, and medical surveillance).Allows a nonmalignant asbestos related claim, however, for: (1) permanent breathing impairment; or (2) a survivor claim where the decedent's death was caused by exposure to asbestos or asbestos-containing products.States that when and if a person develops a subsequent asbestos related claim that is allowable, then a previously disallowed claim may proceed as an allowable demand against either the reorganized debtor, or against a trust set up as part of a reorganization case for holders of allowable asbestos related claims and asbestos related demands. 2025-01-02T16:51:45Z https://www.congress.gov/bill/107th-congress/house-bill/4696
107-s-2460 107 s 2460 Shareholder Bill of Rights Act Finance and Financial Sector 2002-05-06 2002-05-06 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Levin, Carl [D-MI] MI D L000261 0 Shareholder Bill of Rights Act - Amends the Securities Act of 1933 to authorize the Securities and Exchange Commission (SEC) to: (1) delegate its authority to issue financial accounting and reporting standards to an independent, nongovernmental organization (such as the Financial Accounting Standards Board); and (2) require issuers to comply with the standards issued by such organization.Prescribes guidelines to ensure an independent source of funding for such organization.Mandates that at least one third of the organization's appointed members: (1) represent investors and the public interest; and (2) have not recently been employed by or associated with a public accounting firm or issuer.Amends the Securities Exchange Act of 1934 to impose upon independent public accountants a two-year ban regarding: (1) self audits if an accountant performs non-audit services for an issuer of a publicly traded security; (2) contemporaneous non-auditing services if the accountant audits and certifies a financial document; and (3) acceptance of any directorship, employment, or contract for services if the accountant participates personally and substantially in an audit leading to the certification of a financial document of an issuer of a publicly traded security (issuer).Requires such issuers to provide all material information during the conduct of an audit. Declares it is unlawful for any director, officer, or affiliated person of such issuers to improperly influence, coerce, manipulate, or mislead any independent public accountant who audits a financial statement or report of such issuer.Prescribes oversight guidelines to be exercised by such issuer's audit committee or its board of directors.Permits certain three-percent beneficial shareholders to include their own proposals within proxy statements provided to security holders of an issuer.Mandates SEC regulations to: (1) require prior shareholder approval of stock option compensation plans that do not treat such options as an expense for the purpose of ascertaining income, … 2025-08-19T17:29:02Z https://www.congress.gov/bill/107th-congress/senate-bill/2460
107-hr-4627 107 hr 4627 Real Estate Settlement Fairness Act Finance and Financial Sector 2002-05-01 2002-05-09 Referred to the Subcommittee on Housing and Community Opportunity. House Rep. Barrett, Thomas M. [D-WI-5] WI D B000177 3 Real Estate Settlement Fairness Act - Amends the Real Estate Settlement Procedures Act of 1974 to prohibit certain unearned fees (including certain fee splitting) in connection with settlement services involved in federally related residential mortgage loan transactions. 2025-08-19T17:32:48Z https://www.congress.gov/bill/107th-congress/house-bill/4627
107-s-2438 107 s 2438 Predatory Lending Consumer Protection Act of 2002 Finance and Financial Sector 2002-05-01 2002-05-01 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Sarbanes, Paul S. [D-MD] MD D S000064 15 Predatory Lending Consumer Protection Act of 2002 - Amends the Truth in Lending Act guidelines for certain credit transactions secured by the consumer's principal dwelling (high-cost mortgage).Requires additional disclosures that the consumer is contracting to pay a much higher loan than most people pay. Specifies additional prohibitions against prepayment penalties, except in certain circumstances. Prohibits all balloon payments. Prohibits the terms of a high-cost mortgage from including advance collection of a premium on a single premium basis for specified credit insurance products.Restricts the amount of points and fees which a creditor may finance in connection with a high-cost mortgage. Prohibits certain creditors from financing the prepayment fees or penalties due from the consumer.Prohibits a high-cost mortgage creditor from engaging in specified practices, including requiring arbitration or any other nonjudicial procedure as a method for resolving any controversy or claims arising from the transaction.Declares a consumer's waiver of the right of rescission ineffective if the creditor either advised, or encouraged such waiver, or required it as a precondition for a transaction.Amends the Fair Credit Reporting Act to mandate that each high-cost mortgage creditor (including the successor creditor) report the debtor's complete payment history to certain consumer reporting agencies in accordance with specified regulations. 2025-08-19T17:32:24Z https://www.congress.gov/bill/107th-congress/senate-bill/2438
107-hr-4612 107 hr 4612 Expanded Access to Financial Services Act of 2002 Finance and Financial Sector 2002-04-25 2002-05-06 Referred to the Subcommittee on Financial Institutions and Consumer Credit. House Rep. Ose, Doug [R-CA-3] CA R O000164 4 Expanded Access to Financial Services Act of 2002 - Amends the Federal Credit Union Act to authorize a Federal credit union to: (1) sell to persons in the field of membership negotiable checks (including travelers checks), money orders, and similar money transfer instruments; and (2) cash checks and money orders for such persons for a fee. (Current law authorizes such services to members only.) 2025-08-19T17:30:21Z https://www.congress.gov/bill/107th-congress/house-bill/4612
107-s-2247 107 s 2247 Truth in Auditing Act of 2002 Finance and Financial Sector 2002-04-24 2002-04-24 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Durbin, Richard J. [D-IL] IL D D000563 0 Truth in Auditing Act of 2002 - Instructs the Securities and Exchange Commission (SEC) to designate an Independent Public Accounting Oversight Board (Board) as a private, self-regulatory entity, subject to SEC oversight, and which shall not be a Federal agency or instrumentality. Limits certified public accountant membership on such Board to two out of the five members.Identifies Board duties as : (1) the establishment and enforcement of auditor quality control, independence, and auditing standards; and (2) the conduct of a continuing program of inspections to assess compliance with this Act by each registered public accounting firm.Grants the SEC general oversight and enforcement authority over the Board, including abrogation and amendatory authority over any Board rule or disciplinary action. Mandates prior SEC approval of any Board ruling.Empowers the SEC to censure the Board, impose sanctions upon it and to rescind its authority, as well as remove Board members.Mandates registration of public accounting firms with the Board.Prescribes auditor independence rules. Prescribes guidelines for Board investigations and disciplinary proceedings, including assessment of civil money penalties.Places foreign public accounting firms within the purview of this Act.Requires certain corporate officers to certify and sign the periodic financial statements filed under this Act and transmitted to shareholders. 2026-02-10T13:37:26Z https://www.congress.gov/bill/107th-congress/senate-bill/2247
107-hr-4505 107 hr 4505 Protection of Policyholders Act Finance and Financial Sector 2002-04-18 2002-05-06 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Frank, Barney [D-MA-4] MA D F000339 1 Protection of Policyholders Act - Amends the Gramm-Leach-Bliley Act to repeal its provisions governing redomestication of mutual insurers (the transfer of a mutual insurer's domicile as a step in a reorganization in which such insurer becomes a stock insurer subsidiary of a mutual holding company). 2025-08-19T17:32:55Z https://www.congress.gov/bill/107th-congress/house-bill/4505
107-hr-4167 107 hr 4167 To extend for 8 additional months the period for which chapter 12 of title 11 of the United States Code is reenacted. Finance and Financial Sector 2002-04-11 2002-05-07 Became Public Law No: 107-170. House Rep. Sensenbrenner, F. James, Jr. [R-WI-9] WI R S000244 0 Amends the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999, as amended by other specified Federal law, to extend until June 1, 2002, the reenactment of chapter 12 of the Federal Bankruptcy Code (Adjustment of Debts of a Family Farmer with Regular Annual Income) (thereby extending family farmer bankruptcy relief).Makes this Act effective as of October 1, 2001 (the previous expiration date). 2025-04-07T13:39:15Z https://www.congress.gov/bill/107th-congress/house-bill/4167
107-hr-4083 107 hr 4083 Corporate Responsibility Act of 2002 Finance and Financial Sector 2002-04-09 2002-04-29 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. LaFalce, John J. [D-NY-29] NY D L000556 14 Corporate Responsibility Act of 2002 - Instructs the Securities and Exchange Commission (SEC) to require disgorgement of salaries, commissions, fees, bonuses, options, profits, and losses avoided through securities transactions obtained by an officer or director of an issuer during a reporting period when such officer or director engaged in misconduct resulting in the filing of a false or materially misleading financial statement.Requires the principal executive officer or officers and the principal financial officer or officers to certify in each annual or quarterly report filed or submitted that: (1) the signing officer has reviewed the report and that it does not contain untrue statements of a material fact or omit a material fact; (2) such report fairly presents the financial condition and results of operation in all material respects; (3) the signing officers have established and maintained effective internal controls and disclosed to the auditors and the audit committee of the board of directors any significant deficiencies in such controls which could adversely affect financial data and any fraud, whether or not material; and (4) there were or were not changes in internal controls or other factors that could significantly affect such controls subsequent to their evaluation.Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to establish a standard of unfitness (as opposed to the current "substantial unfitness") for removal of corporate officers in a judicial, administrative, or cease-and-desist proceeding.Authorizes the SEC, in a cease-and-desist proceeding, to prohibit those who used manipulative and deceptive devices in the purchase, sale, or swap of securities from serving as officers as directors. 2025-08-19T17:31:45Z https://www.congress.gov/bill/107th-congress/house-bill/4083
107-hr-4084 107 hr 4084 Corporate Asset Protection Act of 2002 Finance and Financial Sector 2002-04-09 2002-04-29 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Rivers, Lynn N. [D-MI-13] MI D R000281 8 Corporate Asset Protection Act of 2002 - Amends the Securities Exchange Act of 1934 to prohibit a reporting issuer (registrant on a national securities exchange) from offering or providing a loan to an insider unless: (1) the issuer is a financial institution; and (2) the terms are not substantially more advantageous than those offered to non-insiders. Prescribes civil penalties for violation of such prohibition. 2025-08-19T17:31:48Z https://www.congress.gov/bill/107th-congress/house-bill/4084
107-s-2056 107 s 2056 Integrity in Auditing Act of 2002 Finance and Financial Sector 2002-03-21 2002-03-21 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Nelson, Bill [D-FL] FL D N000032 1 Integrity in Auditing Act of 2002 - Amends the Securities Exchange Act of 1934 to prohibit an independent public accountant from providing: (1) management consulting or any other non-audit-related services during the same calendar year in which it provides auditing services; (2) any service that could either result in a potential conflict of interest, or impair auditor independence; or (3) auditing or related services for an issuer for more than seven consecutive years.Bars an independent public accountant from employment in a management or other policymaking position for an issuer for whom that accountant (or affiliated person) has provided auditing services during the one-year period preceding the date of employment. Permits the performance, however, of tax consulting services contemporaneously with any auditing or related service.Directs the Securities and Exchange Commission to require: (1) issuer disclosure of the nature, extent, and duration of interrelationships between the issuer and the board of directors, senior officers of the corporation, and immediate family members; and (2) the audit committee and compensation committee of an issuer to consist solely of independent directors.Expresses the sense of the Senate that: (1) tough enforcement, including criminal prosecution whenever possible, is the most effective deterrent to fraudulent activity; and (2) the Commission should take a firm, swift approach to wrongdoers. 2025-08-19T17:32:29Z https://www.congress.gov/bill/107th-congress/senate-bill/2056
107-hr-4025 107 hr 4025 Homeowners' Insurance Availability Act of 2002 Finance and Financial Sector 2002-03-20 2002-04-15 Referred to the Subcommittee on Housing and Community Opportunity. House Rep. Weldon, Dave [R-FL-15] FL R W000267 14 Homeowners' Insurance Availability Act of 2002 - Instructs the Secretary of the Treasury to implement a reinsurance coverage program available only through contracts for reinsurance coverage purchased at regional auctions.States that the purpose of the program is to improve: (1) the availability of homeowners' insurance for the purpose of facilitating the pooling, and spreading the risk, of catastrophic financial losses from disasters; and (2) the solvency of the homeowners' insurance markets.Prescribes implementation guidelines that include establishment: (1) in the Treasury of the Disaster Reinsurance Fund; and (2) of a National Commission on Catastrophe Risks and Insurance Loss Costs. 2025-08-19T17:31:35Z https://www.congress.gov/bill/107th-congress/house-bill/4025
107-hr-4038 107 hr 4038 Market Oversight Consolidation and OTC Derivatives Regulation Act Finance and Financial Sector 2002-03-20 2002-04-15 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. DeFazio, Peter A. [D-OR-4] OR D D000191 6 Market Oversight Consolidation and OTC Derivatives Regulation Act - Establishes the Securities and Derivatives Oversight Commission (SDOC) as an independent regulatory commission. Mandates a separate division within SDOC with responsibility for functions relating to markets in physical commodities.Transfers to SDOC all functions of: (1) the Commodity Futures Trading Commission; (2) the Securities and Exchange Commission; and (3) the Board of Governors of the Federal Reserve System pertaining to margin requirements.Grants the SDOC margin authority with respect to securities and futures.Establishes in the executive branch the Federal Financial Markets Coordinating Council to: (1) coordinate the regulatory operations of each of the financial oversight agencies represented on the Council; and (2) establish an advisory committee of representatives of the futures, commodities, options, and securities exchanges and the banking industry.Terminates the Commodity Futures Trading Commission and the Securities and Exchange Commission.Subjects over-the-counter derivatives dealers and derivatives transactions to the regulatory jurisdiction of the SDOC.Establishes criminal sanctions for violations of this Act.Prescribes guidelines for a private right of action against any persons (including officers, directors, governors, and committee members) who willfully aid, abet, counsel, induce, or procure a violation of this Act. Subjects violators to liability for actual and punitive damages in cases of intentional violations. Grants the Federal district courts exclusive jurisdiction of such actions. 2025-08-19T17:31:59Z https://www.congress.gov/bill/107th-congress/house-bill/4038
107-hr-4071 107 hr 4071 Uniform Securities Disclosure Act Finance and Financial Sector 2002-03-20 2002-04-15 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Shays, Christopher [R-CT-4] CT R S001144 21 Uniform Securities Disclosure Act - Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act, respectively, to extend Federal securities registration and reporting requirements to specified mortgage-backed and other housing-related securities, and subordinate obligations under such Acts. 2025-08-19T17:32:21Z https://www.congress.gov/bill/107th-congress/house-bill/4071
107-hr-3970 107 hr 3970 Truth and Accountability in Accounting Act of 2002 Finance and Financial Sector 2002-03-14 2002-04-15 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Dingell, John D. [D-MI-16] MI D D000355 6 Truth and Accountability in Accounting Act of 2002 - Directs: (1) the Securities and Exchange Commission (SEC) to review annually the impact of unresolved accounting standards issues on the clarity, transparency, and quality of financial reporting by publicly traded companies; (2) the Financial Accounting Standards Board (FASB) to respond to such report; and (3) the General Accounting Office (GAO) to evaluate such review mechanisms.Amends the Federal Power Act to instruct the Federal Energy Regulatory Commission (FERC) to promulgate criteria for waivers and exemptions pertaining to: (1) securities issuance and assumption of liabilities; (2) accounts and records; (3) reports and obstructing filing reports or keeping accounts; and (4) officials dealing in securities.Places a limited moratorium on certain waivers and exemptions.Instructs FERC to summarize annually for certain congressional committees the financial and operating condition of power marketers, including the key trends or issues affecting the capital structure and financial condition of such marketers, and the use of leverage, derivatives transactions, and other material information.Amends the Securities Exchange Act of 1934 to mandate certification of financial statements by corporate officers.Directs the Securities and Exchange Commission (SEC) to establish an Independent National Board of Accountancy (INBA) to exercise oversight and information collection jurisdiction over accounting and auditing firms. Grants the INBA enforcement authority, and establishes civil money penalties for specified offenses.Vests the SEC with responsibility for promulgating and interpreting auditor independence rules. Directs INBA to seek to promote auditor independence. Places INBA under SEC oversight.Subjects certain foreign public accounting firms to the requirements of this Act. 2025-08-19T17:30:50Z https://www.congress.gov/bill/107th-congress/house-bill/3970
107-hr-3974 107 hr 3974 Community Economic Development Expertise Enhancement Act of 2002 Finance and Financial Sector 2002-03-14 2002-04-15 Referred to the Subcommittee on Housing and Community Opportunity. House Rep. Jones, Stephanie Tubbs [D-OH-11] OH D J000284 76 Community Economic Development Expertise Enhancement Act of 2002 - Authorizes the Secretary of Housing and Urban Development to make grants to increase the capacity and expertise of qualifying community-based economic development organizations.Directs the Secretary to: (1) conduct an assessment of such organizations' capability needs; and (2) establish the Advisory Council on Community Economic Development.Directs the President to include with each annual budget request a report regarding Federal financial support for community economic development. 2025-08-19T17:31:19Z https://www.congress.gov/bill/107th-congress/house-bill/3974
107-hr-3951 107 hr 3951 Financial Services Regulatory Relief Act of 2002 Finance and Financial Sector 2002-03-13 2002-07-22 Placed on the Union Calendar, Calendar No. 358. House Rep. Capito, Shelley Moore [R-WV-2] WV R C001047 6 Financial Services Regulatory Relief Act of 2002 - Title I: National Bank Provisions - (Sec. 101) Amends the Revised Statutes of the United States (Revised Statutes) to authorize the Comptroller of the Currency to permit an individual to serve as director of a national bank operating as a subchapter S Corporation if the individual holds debt issued by the bank of at least $1,000 that is subordinated to the interests of bank depositors and general creditors. (Current law requires capital stock ownership in the bank as a prerequisite for service as a director of a subchapter S national bank).(Sec. 102) Allows cumulative voting by shareholders for directors of a national bank only if authorized by the bank's articles of association (thus repealing the current requirement of cumulative voting).(Sec. 103) Repeals the statutory formula for determining when lawful national bank dividend declarations may be made (thus allowing national bank directors to declare a dividend of so much of the bank's undivided profits as they judge to be expedient).(Sec. 104) Amends the Federal Deposit Insurance Act (FDIA) to repeal the requirement that a removal or suspension order issued by the Comptroller of the Currency (Comptroller) regarding an institution-affiliated party is subject to certification of the findings and conclusions of an Administrative Law Judge to the Board of Governors of the Federal Reserve System for final determination whether an order shall issue.(Sec. 105) Amends the Revised Statutes to repeal the requirement that a national bank, to establish an intrastate branch, meet State capital requirements for new intrastate branches, including capital stock and surplus requirements.(Sec. 106) Amends the National Bank Consolidation and Merger Act to authorize waiver of publication of notice of a merger between a national bank or a State bank and a national banking association upon unanimous agreement of the shareholders without (as currently required) a Comptroller determination that an emergency exists justifying such wa… 2025-04-07T13:40:19Z https://www.congress.gov/bill/107th-congress/house-bill/3951
107-hr-3926 107 hr 3926 To repeal a scheduled increase in the fee charged by the Government National Mortgage Association for guarantee of mortgage-backed securities. Finance and Financial Sector 2002-03-12 2002-03-18 Referred to the Subcommittee on Housing and Community Opportunity. House Rep. LaFalce, John J. [D-NY-29] NY D L000556 2 Amends the Higher Education Amendments of 1998 to repeal the provision establishing a Government National Mortgage Association (Ginnie Mae) nine basis point mortgage guarantee fee. (Such fee would otherwise become effective as of October 1, 2004.) 2025-01-02T16:50:27Z https://www.congress.gov/bill/107th-congress/house-bill/3926
107-s-2004 107 s 2004 Investor Confidence in Public Accounting Act of 2002 Finance and Financial Sector 2002-03-08 2002-03-08 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Dodd, Christopher J. [D-CT] CT D D000388 4 Investor Confidence in Public Accounting Act of 2002 Directs the Securities and Exchange Commission (SEC) to designate an Independent Public Accounting Board (IPAB), subject to SEC oversight, which shall exercise regulatory jurisdiction over public accounting firms.Directs IPAB to: (1) establish and enforce auditor quality control and auditing standards to be used by registered independent public accounting firms (RIPA firm); (2) assess periodically RIPA firm compliance; and (3) establish record retention criteria.Amends the Securities Exchange Act of 1934 to prohibit RIPA firms from conducting specified non-audit services for a securities issuer contemporaneously with either: (1) auditing the issuer; or (2) receiving general revenues from it.Prohibits a RIPA firm from performing auditing services for an issuer if any management-level personnel of that issuer had been an employee of the RIPA during the 2-year period preceding such audit (thereby preventing revolving-door conflicts-of-interest).Sets forth procedures for: (1) mandatory registration of RIPA firms with IPAB; and (2) IPAB investigations and disciplinary proceedings.Directs the SEC to recognize generally accepted accounting principles established by a U.S. standard setting body that meets prescribed criteria.Makes it unlawful for any officer, director, or affiliated person of an issuer registered with the SEC to make material misrepresentations to a RIPA.Increases the number of SEC professional accountant positions to provide enhanced oversight of auditors and auditing services.Instructs the SEC to require issuers to submit periodic financial disclosures pertaining to transactions and relationships: (1) likely to expose the issuer to liability or impaired financial status; and (2) necessary for an understanding of their business purpose and economic substance.Mandates prompt electronic disclosure of affiliate transactions.Directs the SEC to submit recommendations to IPAB regarding: (1) the treatment of stock options; and (2) the consolidation and dis… 2025-08-19T17:31:24Z https://www.congress.gov/bill/107th-congress/senate-bill/2004
107-hr-3891 107 hr 3891 Bill Payment Grace Period Act of 2001 Finance and Financial Sector 2002-03-07 2002-03-18 Referred to the Subcommittee on Financial Institutions and Consumer Credit. House Rep. Sherman, Brad [D-CA-24] CA D S000344 6 Bill Payment Grace Period Act of 2001 - Amends the Fair Debt Collection Practices Act to prohibit creditors from taking action that is adverse to the interests of a consumer with respect to certain payments that are due in or shortly after the period of a disruption of the mail resulting from a national emergency.Authorizes the Secretary of the Treasury to designate (and extend up to seven additional days) a grace period for the making of debt payments by mail in such circumstances. 2025-08-19T17:30:42Z https://www.congress.gov/bill/107th-congress/house-bill/3891
107-hr-3914 107 hr 3914 Energy Trading Oversight Act Finance and Financial Sector 2002-03-07 2002-03-14 Referred to the Subcommittee on Farm Commodities and Risk Management. House Rep. Maloney, Carolyn B. [D-NY-14] NY D M000087 0 Energy Trading Oversight Act - Amends the Commodity Exchange Act to repeal the exemption from regulatory oversight granted to contracts or transactions in exempt commodities (energy derivatives) that are entered into solely between eligible commercial entities on a principal-to-principal basis and executed or traded on an electronic trading facility. (Thus places such transactions fully under the jurisdiction of the Commodities Futures Trading Commission). 2025-08-19T17:31:51Z https://www.congress.gov/bill/107th-congress/house-bill/3914
107-hr-3840 107 hr 3840 Inside Stock Sales Employee Notification Act of 2002 Finance and Financial Sector 2002-03-05 2002-05-21 Referred to the Subcommittee on Employer-Employee Relations. House Rep. Miller, George [D-CA-7] CA D M000725 21 Inside Stock Sales Employee Notification Act of 2002 - Amends the Employee Retirement Income Security Act of 1974 (ERISA ) to require timely written notification of any of insider trading in employer securities to be provided to pension plan participants and beneficiaries whose individual accounts (including those covered by section 401(k) of the Internal Revenue Code) hold employer securities.Requires those engaging in direct or indirect sales of such securities, if they are plan fiduciaries or are required to report such trading to the Securities and Exchange Commission under the Securities Exchange Act of 1934, to report such transactions to the plan administrator not later than one business day after the transaction. Requires the plan administrator to notify plan participants and beneficiaries as soon as practicable, but no later than three business days after receiving notice, if the proceeds from any such transaction or series of transactions exceed in the aggregate $100,000. 2026-03-23T12:41:21Z https://www.congress.gov/bill/107th-congress/house-bill/3840
107-s-1985 107 s 1985 Microcap Fraud Prevention Act of 2001 Finance and Financial Sector 2002-03-05 2002-03-05 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Collins, Susan M. [R-ME] ME R C001035 0 Microcap Fraud Prevention Act of 2001 - Amends the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, and the Investment Company Act of 1940 to direct the Securities and Exchange Commission (SEC) to enjoin the activities of any broker, dealer, or investment adviser who: (1) is subject to an SEC order barring or suspending such person's right to be associated with a broker or dealer; (2) has been found by a foreign financial regulatory authority to have violated foreign statutes or regulations governing transactions in securities, banking, and insurance; (3) failed reasonably to supervise with a view to preventing securities, banking, or insurance violations; or (4) is subject to any order of a State regulatory authority barring such person from either engaging in the business of securities, insurance, or banking, or from association with an entity engaged in such businesses. Includes both municipal, and government securities dealers and brokers within the sweep of such regulation.Amends the Securities Exchange Act of 1934 to: (1) extend the penny stock bar to any noncovered security; and (2) make it unlawful for any person who is the subject of certain enforcement sanctions to serve as officer, director, or participant in any offering involving a noncovered security.Authorizes a court to prohibit violators of certain SEC anti-fraud rules from participating in an offering of a noncovered security.Bars persons subject to specified court orders from serving as officers, directors, or participants in any offering involving a noncovered security. 2025-08-19T17:29:56Z https://www.congress.gov/bill/107th-congress/senate-bill/1985
107-hr-3818 107 hr 3818 Comprehensive Investor Protection Act of 2002 Finance and Financial Sector 2002-02-28 2002-07-10 Sponsor introductory remarks on measure. (CR H4478-4479, H4485) House Rep. LaFalce, John J. [D-NY-29] NY D L000556 46 Comprehensive Investor Protection Act of 2002 - Amends the Securities Exchange Act of 1934 to set forth auditor independence requirements, including a prohibition against: (1) nonaudit services for audit clients; and (2) improper influence exerted upon the conduct of audits.Establishes the Public Accounting Regulatory Board to: (1) establish audit quality standards; (2) review public accounting firms and individual audits; (3) conduct disciplinary and investigation proceedings; and (4) suspend or revoke registration for noncompliance.Permits State licensing boards to participate in such proceedings and impose sanctions.Authorizes the Securities and Exchange Commission (SEC) to oversee the Board.Subjects to Board jurisdiction foreign accounting firms that already fall within SEC jurisdiction.Proscribes insider trades during pension fund blackout periods.Mandates an SEC rulemaking proceeding to attain increased financial disclosure of : (1) off-balance sheet transactions; (2) insider transactions; (3) relationships between SEC registrants and philanthropic organizations; (4) insider controlled affiliates; and (5) provision of services by related persons.Instructs the SEC to: (1) initiate additional rulemaking proceedings regarding plain language financial reports; (2) implement a current disclosure reporting system; and (3) conduct enhanced oversight of issuers' periodic financial statements.Mandates electronic disclosure of affiliate transactions.Amends the Securities Act of 1933, the Investment Company Act of 1940, and the Investment Advisers Act of 1940, to establish liability for aiding and abetting securities violations.Mandates preservation of audit records for seven years.Amends the Securities Exchange Act of 1934 and the Securities Act of 1933 to require preservation of records during shareholder litigation.Amends the Securities Exchange Act of 1934 establish a statute of limitations for an implied private right of action.Directs the SEC to study and report to specified congressional committees on credit ra… 2025-08-19T17:29:41Z https://www.congress.gov/bill/107th-congress/house-bill/3818
107-hr-3829 107 hr 3829 Shareholder and Employee Rights Restoration Act of 2002 Finance and Financial Sector 2002-02-28 2002-03-18 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Stupak, Bart [D-MI-1] MI D S001045 1 Shareholder and Employee Rights Restoration Act of 2002 - Amends the Securities Act of 1933 governing private securities litigation to repeal: (1) certain limits on private class actions; (2) the safe harbor applied to forward-looking statements (corporate predictions); (3) proportionate liability of an outside director; and (4) limitations on class action remedies.Amends the Securities Exchange Act of 1934 to repeal guidelines governing: (1) the safe harbor applied to corporate predictions; (2) limitations on class actions remedies; (3) court-ordered security for payment of costs in class actions; (4) motions to dismiss and stay of discovery; (5) sanctions for abusive litigation; (6) written interrogatories as to defendant's state of mind; (7) limitation on damages; and (8) proportionate liability.Modifies guidelines for a securities fraud action to prohibit a complaint based upon information and belief from specifying the source of the facts upon which such belief is formed (thus granting whistle blower protection).Amends the Securities Act of 1933 and the Investment Advisers Act of 1940 to establish liability for aiding and abetting securities violations.Amends the Securities Exchange Act of 1934 to modify guidelines governing aiding and abetting.Extends the statute of limitations for an implied private right of action to no later than three years after the date on which the alleged violation was discovered. 2025-08-19T17:29:02Z https://www.congress.gov/bill/107th-congress/house-bill/3829
107-hr-3807 107 hr 3807 Predatory Mortgage Lending Practices Reduction Act Finance and Financial Sector 2002-02-27 2002-04-15 Referred to the Subcommittee on Financial Institutions and Consumer Credit. House Rep. Jones, Stephanie Tubbs [D-OH-11] OH D J000284 16 Predatory Mortgage Lending Practices Reduction Act - Amends the Real Estate Settlement Procedures Act of 1974 to prohibit any person, in connection with a subprime federally mortgage related loan, from providing mortgage lending services or mortgage brokerage services unless such person is certified by the Secretary of Housing and Urban Development as having been adequately trained with regard to subprime lending.Amends the Truth in Lending Act to set forth lender requirements for high cost mortgages known as a "best practices plan".Proscribes unfair or deceptive acts or practices in providing mortgage lending services for either a subprime federally related mortgage loan or for mortgage brokerage services for such a loan. Sets forth civil penalties for violations.Consumer Fairness Act - Amends the Consumer Credit Protection Act to declare unenforceable a written provision in any consumer contract or transaction which requires binding arbitration to resolve any controversy arising out of such transaction or contract, or to refuse to perform all or any part of the transaction. (Permits post-controversy arbitration agreements.)Amends the Community Development Banking and Financial Institutions Act of 1994 to authorize the Community Development Financial Institutions Fund to make grants to nonprofit community development corporations to educate borrowers and community groups regarding illegal and inappropriate predatory lending practices. 2025-08-19T17:29:53Z https://www.congress.gov/bill/107th-congress/house-bill/3807
107-hr-3795 107 hr 3795 Investor, Shareholder, and Employee Protection Act of 2002 Finance and Financial Sector 2002-02-26 2002-03-18 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Kucinich, Dennis J. [D-OH-10] OH D K000336 6 Investor, Shareholder, and Employee Protection Act of 2002 - Establishes within the Securities and Exchange Commission (SEC) an independent regulatory agency to be known as the Federal Bureau of Audits, which shall conduct an annual audit of the financial statements submitted to the SEC by reporting issuers. Requires the President to appoint the Director of the Bureau, by and with the advice and consent of the Senate.Declares that officers, employees, and other Bureau personnel shall not be responsible to or subject to the supervision or direction of Commission personnel. Prohibits Bureau employees from receiving employment or compensation from an issuer audited by the Bureau, or any accountant that provides audit-related services to a Bureau-audited issuer, for ten years after employment with the Bureau.Requires the SEC to establish standards for such audits, incorporating generally accepted auditing standards in effect on the enactment of this Act, with any necessary and appropriate modifications.Directs the SEC to assess and collect a fee from each reporting issuer whose financial statements are audited by the Bureau. 2025-08-19T17:30:01Z https://www.congress.gov/bill/107th-congress/house-bill/3795
107-hr-3763 107 hr 3763 Sarbanes-Oxley Act of 2002 Finance and Financial Sector 2002-02-14 2002-07-30 Became Public Law No: 107-204. House Rep. Oxley, Michael G. [R-OH-4] OH R O000163 30 Sarbanes-Oxley Act of 2002 - Title I: Public Company Accounting Oversight Board - Establishes the Public Company Accounting Oversight Board (Board) to: (1) oversee the audit of public companies that are subject to the securities laws; (2) establish audit report standards and rules; and (3) inspect, investigate, and enforce compliance on the part of registered public accounting firms, their associated persons, and certified public accountants.(Sec. 101) Prohibits Board membership from including more than two certified public accountants.(Sec. 102) Requires a public accounting firm that performs or participates in any audit report with respect to any issuer to register with the Board.(Sec. 103) Directs the Board to establish (or modify) the auditing and related attestation standards, quality control, and the ethics standards used by registered public accounting firms to prepare and issue audit reports.Requires auditing standards to include: (1) a seven-year retention period for audit work papers; (2) concurring or second partner review and approval by a Board-prescribed qualified person; (3) an evaluation of whether internal control structure and procedures include records that accurately reflect transactions and dispositions of assets; (4) assurance that transactions are recorded to permit preparation of financial statements in accordance with generally accepted accounting principles (GAAP), and that receipts and expenditures are made only with authorization of senior management and directors; and (5) a description of both material weaknesses in internal controls and of material noncompliance.(Sec. 104) Mandates that a program of continuing inspections to ensure compliance is conducted: (1) annually for firms that regularly provide audit reports for more than 100 issuers; and (2) at least every three years for firms that regularly provide audit reports for 100 or fewer issuers.(Sec. 105) Empowers the Board to impose disciplinary or remedial sanctions upon registered public accounting firms, associated persons, … 2025-04-07T13:40:41Z https://www.congress.gov/bill/107th-congress/house-bill/3763
107-hr-3764 107 hr 3764 Securities and Exchange Commission Authorization Act of 2002 Finance and Financial Sector 2002-02-14 2002-06-27 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. House Rep. Oxley, Michael G. [R-OH-4] OH R O000163 24 Securities and Exchange Commission Authorization Act of 2002 - Authorizes appropriations for the Securities and Exchange Commission (SEC) for FY 2003.Earmarks specified amounts for the Division of Corporate Finance, the Division of Enforcement, and to implement pay comparability requirements of the Investor and Capital Markets Fee Relief Act.Declares the sense of the Congress that the SEC should conduct a thorough annual review of the annual financial statements contained in the most recent periodic disclosures filed with it by the largest 500 reporting issuers, as determined by market capitalization and by other factors as it shall determine. 2025-04-07T13:40:40Z https://www.congress.gov/bill/107th-congress/house-bill/3764
107-hr-3766 107 hr 3766 Insurance Industry Modernization and Consumer Protection Act Finance and Financial Sector 2002-02-14 2002-03-18 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. LaFalce, John J. [D-NY-29] NY D L000556 1 Insurance Industry Modernization and Consumer Protection Act - Establishes the Office of National Insurers (Office), headed by a Director subject to the general oversight of the Secretary of the Treasury. Requires the Director to establish a Division of Consumer Affairs within the Office.Prescribes guidelines for the supervision of national insurers, including: (1) annual on-site financial examination and onsite market conduct examination of each national insurer; (2) Federal license revocation, suspension, or restriction; (3) insurance fraud investigation; and (4) cooperative efforts with State and international insurance authorities.Prohibits a national insurer from underwriting or selling any line of insurance for which it does not hold a Federal license.Prescribes guidelines for establishment, subject to the Director's regulatory oversight, of a "protected cell" mechanism (identified pool of assets and liabilities of a national insurer segregated and insulated from the remainder of the insurer's assets and liabilities).Requires the Director to establish standards for financial regulation of national insurers.Places the following within the Director's regulatory purview: (1) insurance policy products; (2) life insurance underwriting; (3) group, blanket and franchise insurance; (4) insurance market conduct; (5) minimum national insurance standards; and (6) acquisitions of control, mergers, bulk transfers, and domestication of insurance companies.Instructs the Director to submit recommendations to Congress whether national insurers should be authorized to underwrite health insurance.Exempts specified activities of insurers from U.S. antitrust law.Sets forth a regulatory scheme governing national insurers who are members of an insurance holding company system.Preempts State insurance laws with respect to regulation of national insurers.Sets forth a bankruptcy scheme for insolvent national insurers in receivership, including: (1) non-U.S. insurers; and (2) the business of life, property and casualty insurance. 2025-08-19T17:28:51Z https://www.congress.gov/bill/107th-congress/house-bill/3766
107-hr-3769 107 hr 3769 Insider Trading Full Disclosure Act of 2002 Finance and Financial Sector 2002-02-14 2002-05-09 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Bentsen, Ken [D-TX-25] TX D B000400 0 Insider Trading Full Disclosure Act of 2002 - States that mandatory disclosures pertaining to the sale of securities by an officer or director or other affiliated person of the issuer of those securities shall be made available in electronic form: (1) to the Commission by the affiliated person before the end of the calendar day immediately following the calendar day on which the transaction occurs; (2) to the public by the Commission; and (3) in any case in which the issuer maintains a corporate website that is accessible only internally, on that internal website, before the end of the calendar day immediately following the calendar day on which the transaction occurs.Requires disclosure on paper within seven calendar days after any electronic disclosure. 2025-08-19T17:32:50Z https://www.congress.gov/bill/107th-congress/house-bill/3769
107-s-1945 107 s 1945 Safe and Fair Deposit Insurance Act of 2002 Finance and Financial Sector 2002-02-14 2002-02-14 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Johnson, Tim [D-SD] SD D J000177 18 Safe and Fair Deposit Insurance Act of 2002 - Mandates that the Bank Insurance Fund and the Savings Association Insurance Fund be merged into the Deposit Insurance Fund (DIF) established by this Act.Amends the Federal Deposit Insurance Act (FDIA) to establish the DIF. Mandates that all assessments against insured depository institutions by the Federal Deposit Insurance Corporation (FDIC) be deposited into the DIF.Authorizes the Federal Deposit Insurance Corporation (FDIC) to borrow from the Federal home loan banks funds necessary for DIF use.Deposit Insurance Reform Act of 2002 - Amends the FDIA to: (1) prohibit an undercapitalized insured depository institution from accepting employee benefit plan deposits; (2) increase the amount of Federal insurance coverage (including an inflation adjustment); and (3) include retirement accounts and municipal deposits within such coverage.Requires the FDIC Board of Directors, before the beginning of each calendar year, to designate the reserve ratio applicable to the DIF.Prohibits the Board from modifying its information collection requirements if such modification is done solely to change assessment risk classifications and results in placing greater regulatory or reporting burdens upon an insured depository institution.Allows credits based upon past contributions to the DIF. 2025-08-19T17:29:01Z https://www.congress.gov/bill/107th-congress/senate-bill/1945
107-hr-3736 107 hr 3736 Financial Accuracy in Reporting Act of 2002 Finance and Financial Sector 2002-02-13 2002-03-04 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Ackerman, Gary L. [D-NY-5] NY D A000022 0 Financial Accuracy in Reporting Act 2002 - Directs the Securities and Exchange Commission to revise auditor independence rules governing non-audit services for an audit client to establish standards pertaining to fiscal period audits as of October 1, 2002, that are consistent with, and at least as stringent as those established in the revisions of the Government Auditing Standards by the Comptroller General on January 25, 2002.Directs the Commission to prescribe such revisions within one year after the date of enactment of this Act. 2025-08-19T17:31:22Z https://www.congress.gov/bill/107th-congress/house-bill/3736
107-hr-3745 107 hr 3745 Corporate Charitable Disclosure Act of 2002 Finance and Financial Sector 2002-02-13 2002-03-04 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Gillmor, Paul E. [R-OH-5] OH R G000210 5 Corporate Charitable Disclosure Act of 2002 - Amends the Securities and Exchange Act of 1934 to mandate disclosure of: (1) corporate charitable contributions whose value exceeds that made by the issuer during the previous year to any nonprofit organization of which a director, officer, or controlling person of the issuer (or a spouse) was a director or trustee (insider affiliated charities); (2) the name of such nonprofit organization and the value of the contribution; (3) the total value of contributions made by the issuer to nonprofit organizations during its previous fiscal year; and (4) the organization name and the value of contributions if the value to any one organization exceeds the amount designated by SEC rule. 2026-02-10T13:37:26Z https://www.congress.gov/bill/107th-congress/house-bill/3745
107-hr-3717 107 hr 3717 Federal Deposit Insurance Reform Act of 2002 Finance and Financial Sector 2002-02-12 2002-05-23 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. House Rep. Bachus, Spencer [R-AL-6] AL R B000013 63 Federal Deposit Insurance Reform Act of 2002 - Amends the Federal Deposit Insurance Act (FDIA) to mandate the merger of the Bank Insurance Fund and the Savings Association Insurance Fund into the Deposit Insurance Fund (DIF).(Sec. 3) Amends the FDIA and the Federal Credit Union Act to: (1) increase the standard maximum amount of deposit insurance coverage from $100,000 to $130,000, coupled with a five-year inflation adjustment index; (2) require the Federal Deposit Insurance Corporation (FDIC) to provide pass-through deposit insurance for the deposits of any employee benefit plan (but prohibiting an insured depository institution that is neither well capitalized nor adequately capitalized from accepting such deposits); (3) double the standard maximum deposit insurance for certain retirement accounts; and (4) increase the maximum amount of deposit insurance coverage for in-State municipal deposits.(Sec. 4) Amends the FDIA to replace assessment guidelines for achieving and maintaining a designated reserve ratio and for independent treatment of deposit insurance funds with a requirement that the Board of Directors (Board) of the FDIC set assessments as it determines appropriate, including a maximum base rate for assessments at one basis point for insured depository institutions in the lowest-risk category.Reduces from five years to three years the mandatory assessment recordkeeping period.Increases penalties from $100 to one percent of assessments per day for depository institution failure to make timely assessment payments.Revises guidelines governing the risk-based assessment system to make the portion of deposits attributable to lifeline accounts subject to half the assessment rate that would otherwise be applicable.(Sec. 5) Replaces the current 1.25 percent statutory reserve ratio used to recapitalize undercapitalized insurance funds with a reserve ratio range of 1.15 to 1.4 percent of estimated insured deposits, subject to specified factors and annual redetermination.(Sec. 6) Directs the Board to collect inform… 2025-04-07T13:40:29Z https://www.congress.gov/bill/107th-congress/house-bill/3717
107-hr-3725 107 hr 3725 Investment Disclosure Act of 2002 Finance and Financial Sector 2002-02-12 2002-03-04 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Owens, Major R. [D-NY-11] NY D O000159 0 Investment Disclosure Act of 2002 - Mandates that any disclosure required by the Securities and Exchange Commission concerning the sale of securities by an officer or director of the issuer of such securities be made available in electronic form to the SEC and to the public, including upon the issuer's internal website if the corporate website is only available internally. 2025-08-19T17:33:05Z https://www.congress.gov/bill/107th-congress/house-bill/3725
107-s-1933 107 s 1933 Investor Protection Act of 2002 Finance and Financial Sector 2002-02-12 2002-02-12 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S661-662) Senate Sen. Shelby, Richard C. [R-AL] AL R S000320 1 Investor Protection Act of 2002 - Amends the Securities Exchange Act of 1934 regarding liability standards in private securities litigation to repeal: (1) the scienter requirement limiting joint and several liability for damages to covered persons who knowingly committed a violation of the securities laws; and (2) the allowance of proportionate liability, under which a covered person is liable solely for the portion of a judgment that corresponds to the person's percentage of responsibility for a securities violation. (Thus makes any covered person against whom a final judgment is entered in private securities litigation liable for one hundred percent of damages jointly and severally, even if the securities violation was not committed knowingly.)Deems any person that recklessly provides substantial assistance to (aids or abets) another person in violation of Federal securities laws to be in violation of such laws to the same extent as the person to whom such assistance is provided.Establishes a statute of limitations for an implied private right of action of: (1) five years after an alleged violation occurred; or (2) three years after it was discovered.Repeals the prohibition against all but specified types of private class actions alleging either misrepresentation or omission of a material fact or manipulative or deceptive practices in connection with securities sales or purchases (thus permitting private class actions without limitation). 2025-08-19T17:31:42Z https://www.congress.gov/bill/107th-congress/senate-bill/1933
107-hr-3693 107 hr 3693 To prevent accountants from providing non-audit services to audit clients. Finance and Financial Sector 2002-02-07 2002-03-04 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Jackson-Lee, Sheila [D-TX-18] TX D J000032 0 Amends the Securities Exchange Act of 1934, with respect to the independent certification of mandatory financial statements, to direct the Securities and Exchange Commission to prohibit the treatment of an accountant as an entity independent of an issuer of securities if such accountant performs non-audit services for such issuer (thus proscribing non-audit services for audit clients). 2025-01-02T16:49:59Z https://www.congress.gov/bill/107th-congress/house-bill/3693
107-hr-3671 107 hr 3671 Independent Investment Advisers Act of 2002 Finance and Financial Sector 2002-02-04 2002-02-11 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Hastings, Alcee L. [D-FL-23] FL D H000324 6 Independent Investment Advisers Act of 2002 - Amends the Investment Advisers Act of 1940 to require investment advisers that publish any analysis or report regarding a company or its securities to disclose prominently: (1) the amount of fees received from the company during the five-year period preceding the date of publication; (2) any merger or acquisition transaction handled by the adviser that involves debt or equity instruments of that company during such five-year period; (3) any personal debt or equity holdings that the investment adviser have in the company; and (4) the extent to which the investment adviser has debt or equity holdings in that company.Instructs the Securities and Exchange Commission (SEC) to prohibit an investment adviser from engaging in transactions with respect to any security of a company during the 30 days beginning on the date on which such adviser publishes any analysis or report regarding such company or its securities.Amends the Securities Exchange Act of 1934 to instruct the SEC to prohibit any independent public accountant or associated person from engaging in (auditor) trading or transactions with respect to any security of a company during the 30 days preceding, and the 30 days following, the date on which the accountant certifies any financial document regarding the company or its securities. 2025-08-19T17:28:06Z https://www.congress.gov/bill/107th-congress/house-bill/3671
107-hr-3662 107 hr 3662 ATM Consumer Protection Act Finance and Financial Sector 2002-01-29 2002-02-11 Referred to the Subcommittee on Financial Institutions and Consumer Credit. House Rep. Rothman, Steven R. [D-NJ-9] NJ D R000462 5 ATM Consumer Protection Act - Amends the Electronic Fund Transfer Act to instruct the Board of Governors of the Federal Reserve System to prescribe minimum mandatory standards for automated teller machine operator compliance with installation, maintenance, and operation of security devices and procedures to: (1) discourage robberies, burglaries, and larcenies relating to automated teller machines use; and (2) assist in the identification and apprehension of persons who commit such acts.Cites minimum security requirements including: (1) procedures to identify persons committing crimes; (2) adequate lighting; (3) surveillance cameras; ( 4) maintenance of surveillance records for law enforcement purposes; and (5) an alarm system for prompt notification of an attempted or perpetrated robbery, burglary or larceny. 2025-08-19T17:30:27Z https://www.congress.gov/bill/107th-congress/house-bill/3662
107-hr-3634 107 hr 3634 Enron Employee Pension Recovery Act of 2002 Finance and Financial Sector 2002-01-24 2002-02-11 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Waters, Maxine [D-CA-35] CA D W000187 19 Enron Employee Pension Recovery Act of 2002 - Sets forth a priority allocation scheme requiring the Securities and Exchange Commission (SEC) to distribute to former Enron, subsidiary, or affiliate employees the proceeds from any administrative or judicial order brought for securities violations against the Enron Corporation or Arthur Andersen L.L.C., or any of their subsidiaries, affiliates, officers, directors, or principal shareholders for an accounting or disgorgement of funds (including any civil penalty assessments).Amends the Federal Election Campaign Act of 1971 to authorize the transfer of Federal campaign contributions to such disgorgement fund.Authorizes the SEC to accept donations to the United States for such fund. 2025-08-19T17:28:50Z https://www.congress.gov/bill/107th-congress/house-bill/3634
107-s-1895 107 s 1895 Independent Investment Advisers Act of 2002 Finance and Financial Sector 2002-01-24 2002-01-24 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S101) Senate Sen. Fitzgerald, Peter [R-IL] IL R F000442 1 Independent Investment Advisers Act of 2002 - Amends the Investment Advisers Act of 1940 to mandate that investment advisers who publish any analysis or report regarding a company or its securities, make public disclosure regarding their ties to issuers of securities, including any: (1) compensation; (2) mergers or acquisition transactions handled during the past five years involving any debt or equity of such company; and (3) personal debt or equity holdings in such securities company of the adviser or an associated person. 2025-08-19T17:33:09Z https://www.congress.gov/bill/107th-congress/senate-bill/1895
107-s-1896 107 s 1896 Auditor Independence Act of 2002 Finance and Financial Sector 2002-01-24 2002-01-24 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Boxer, Barbara [D-CA] CA D B000711 0 Auditor Independence Act of 2002 - Amends the Securities Exchange Act of 1934to provide that an independent public accountant who performs auditing or related services for a client is prohibited from also providing to such client during the calendar year in which such services are performed: (1) management consulting services; (2) any other service that is not related to the audit; or (3) any other service that could result in a potential conflict of interest or otherwise impair auditor independence. 2025-08-19T17:31:12Z https://www.congress.gov/bill/107th-congress/senate-bill/1896
107-s-1897 107 s 1897 Fully Informed Investor Act of 2002 Finance and Financial Sector 2002-01-24 2002-01-24 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Carnahan, Jean [D-MO] MO D C001043 5 Fully Informed Investor Act of 2002 - Declares that any disclosure required by the Securities and Exchange Commission of the sale of any securities by an affiliated person of the issuer of those securities shall be made available in electronic form: (1) to the Commission by the affiliated person before the end of the calendar day on which the transaction occurs; (2) to the public by the Commission no later than the end of the business day on which the disclosure is received; and (3) in any case in which the issuer maintains a corporate website that is accessible only internally, on that internal website before the end of the calendar day on which the transaction occurs. 2025-08-19T17:31:46Z https://www.congress.gov/bill/107th-congress/senate-bill/1897
107-hr-3617 107 hr 3617 Accountability for Accountants Act of 2002 Finance and Financial Sector 2002-01-23 2002-02-11 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Markey, Edward J. [D-MA-7] MA D M000133 13 Accountability for Accountants Act of 2002 - Amends the Securities Exchange Act of 1934 to extend joint and several liability to an auditor of financial statements: (1) who has been found by a jury to have failed to detect and report illegal acts of the issuer of securities that are the subject of a class action; (2) who has performed non-audit functions for such issuer during the time within which an alleged violation of securities occurred; or (3) the issuer of such securities is insolvent.Declares stay of discovery procedures inapplicable in any private action against such auditor.Amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to extend liability to persons who aid or abet violations of such Act.Amends the Securities Exchange Act of 1934 to mandate maintenance of audit records of an issuer of securities and to impose criminal sanctions for non-compliance.Requires an accountant/auditor of a securities issuer to report to the Securities and Exchange Commission on its decision to: (1) divest itself of interests in non-audit businesses in light of the inherent potential conflicts of interest in providing both audit and non-audit services to an issuer; or (2) cease providing non-audit services to companies whose financial statements it audits.Mandates preservation of records during shareholder litigation. 2025-08-19T17:32:50Z https://www.congress.gov/bill/107th-congress/house-bill/3617
107-hr-3552 107 hr 3552 Holocaust Victims' Assets, Restitution Policy, and Remembrance Act Finance and Financial Sector 2001-12-20 2002-01-14 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Sherman, Brad [D-CA-24] CA D S000344 25 Holocaust Victims' Assets, Restitution Policy, and Remembrance Act - Establishes the National Foundation for the Study of Holocaust Assets as an independent entity of the Executive branch to: (1) serve as a centralized repository for research and information about Holocaust-era assets; and (2) create tools to assist individuals and institutions to determine the ownership of Holocaust victims' assets and to enable claimants to obtain the speedy resolution of their personal property claims. 2025-08-19T17:28:47Z https://www.congress.gov/bill/107th-congress/house-bill/3552
107-hr-3607 107 hr 3607 Protecting Our Communities From Predatory Lending Practices Act Finance and Financial Sector 2001-12-20 2002-01-14 Referred to the Subcommittee on Financial Institutions and Consumer Credit. House Rep. Waters, Maxine [D-CA-35] CA D W000187 1 Protecting Our Communities From Predatory Lending Practices Act - Amends the Truth in Lending Act to prohibit: (1) unfair or deceptive practices regarding a consumer credit transaction, extension, or servicing (including any related advertisement); and (2) false, deceptive, or misleading representations in connection with a consumer credit transaction, application, solicitation, or advertisement, or any real or personal property securing such transaction.Sets forth prohibitions relating to consumer credit transactions secured by a dwelling, including: (1) prepayment penalties; (2) creditor financing of credit insurance; (3) the practice of flipping a consumer loan or other extension of credit secured by a consumer's dwelling; (4) imposition of fees for services or products not actually provided; (5) creditor payments to home improvement contractors without consumer countersignature; (6) creditor attempts to influence an appraisal which will secure an extension of credit; (7) blank terms in a credit agreement; and (8) steering of consumers who qualify for conventional mortgages to high cost mortgages.Places "high-cost mortgages" within the ambit of the Act's protections, including prohibitions against: (1) creditor actions to encourage consumer default; (2) creditor imposition of fees for providing pay-off balances on a high-cost mortgage; (3) creditor lending related to a high-cost mortgage in the absence of certification that the consumer has received home-ownership counseling; and (4) extensions of credit without regard to consumer's payment ability. 2025-08-19T17:30:46Z https://www.congress.gov/bill/107th-congress/house-bill/3607
107-s-1876 107 s 1876 Holocaust Victims' Assets, Restitution Policy, and Remembrance Act Finance and Financial Sector 2001-12-20 2001-12-20 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Clinton, Hillary Rodham [D-NY] NY D C001041 9 Holocaust Victims' Assets, Restitution Policy, and Remembrance Act - Establishes the National Foundation for the Study of Holocaust Assets as an independent entity of the Executive branch to: (1) serve as a centralized repository for research and information about Holocaust-era assets; and (2) create tools to assist individuals and institutions to determine the ownership of Holocaust victims' assets and to enable claimants to obtain the speedy resolution of their personal property claims. 2025-08-19T17:29:33Z https://www.congress.gov/bill/107th-congress/senate-bill/1876
107-s-1835 107 s 1835 A bill to amend the Federal Deposit Insurance Act to clarify what lending entities are subject to section 44(f) of that Act, and for other purposes. Finance and Financial Sector 2001-12-18 2001-12-18 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Senate Sen. Lincoln, Blanche L. [D-AR] AR D L000035 0 Amends the Federal Deposit Insurance Act regarding interstate bank mergers to subject to certain maximum charge limitations any credit sale or other evidence of debt issued to or acquired by any competing lender (currently, any insured depository institution) in a State that has a constitutional provision specifying the maximum lawful annual percentage rate of interest on a contract at no more than five percent above the discount rate for 90-day commercial paper in effect at the Federal reserve bank for the Federal reserve district in which the State is located. Includes in the meaning of competing lender not only insured depository institutions but also any person or entity engaged in the business of selling or financing the sale of property or services.States that the authority of any competing lender to take, receive, reserve, or charge interest on any loan or credit sale remains unaffected in States other than the State with such constitutional provision. 2025-01-14T18:20:21Z https://www.congress.gov/bill/107th-congress/senate-bill/1835
107-s-1839 107 s 1839 Community Choice in Real Estate Act Finance and Financial Sector 2001-12-18 2001-12-18 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S13466-13467) Senate Sen. Allard, Wayne [R-CO] CO R A000109 14 Community Choice in Real Estate Act - Amends the Bank Holding Company Act of 1956 and the Revised Statutes of the United States to prohibit the Board of Governors of the Federal Reserve System and the Secretary of the Treasury, respectively, from making a determination that real estate brokerage activity or real estate management activity is an activity that is either financial in nature or incidental to any financial activity, or is complementary to a financial activity. 2025-08-19T17:28:56Z https://www.congress.gov/bill/107th-congress/senate-bill/1839
107-hr-3424 107 hr 3424 Community Choice in Real Estate Act Finance and Financial Sector 2001-12-06 2002-07-24 Subcommittee Hearings Held. House Rep. Calvert, Ken [R-CA-43] CA R C000059 247 Community Choice in Real Estate Act - Amends the Bank Holding Company Act of 1956 and the Revised Statutes of the United States to prohibit the Board of Governors of the Federal Reserve System and the Secretary of the Treasury, respectively, from making a determination that real estate brokerage activity or real estate management activity is an activity that is either financial in nature or incidental to any financial activity, or is complementary to a financial activity. 2025-08-19T17:31:24Z https://www.congress.gov/bill/107th-congress/house-bill/3424
107-hr-3408 107 hr 3408 Comprehensive Holocaust Accountability in Insurance Measure Finance and Financial Sector 2001-12-05 2001-12-17 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. House Rep. Foley, Mark [R-FL-16] FL R F000238 2 Comprehensive Holocaust Accountability in Insurance Measure - Prohibits certain foreign insurance companies from conducting business in the United States, or with a U.S. bank, unless such companies disclose to the Attorney General the name of any listed Holocaust victim with whom such companies had any financial dealing.Instructs the Attorney General to: (1) designate an office in the Department of Justice to manage such disclosures; (2) obtain from both the International Commission on Holocaust Era Insurance Claims and from such foreign insurance companies information regarding any outstanding requests that is necessary to implement this Act; (3) notify victims of the requirements of this Act; (4) submit requests on behalf of beneficiaries; and (5) grant beneficiaries the option of waiving their rights to such request.Authorizes the Attorney General to prohibit a non-complying insurance company from conducting business in the United States (including participation in any aspect of the payment system within the jurisdiction of the United States or conducting business with a U.S. bank).Provides for civil actions to enforce this Act.Amends the Federal Deposit Insurance Act to prohibit domestic insured depository institutions from engaging in business transactions with such non-complying insurance companies.Amends the International Banking Act of 1978 to prohibit uninsured branches, agencies, and commercial lending company affiliates of foreign banks from engaging in transactions with such non-complying insurance companies or their affiliates. 2025-08-19T17:28:16Z https://www.congress.gov/bill/107th-congress/house-bill/3408

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CREATE TABLE legislation (
    bill_id TEXT PRIMARY KEY,
    congress INTEGER,
    bill_type TEXT,
    bill_number INTEGER,
    title TEXT,
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    latest_action_date TEXT,
    latest_action_text TEXT,
    origin_chamber TEXT,
    sponsor_name TEXT,
    sponsor_state TEXT,
    sponsor_party TEXT,
    sponsor_bioguide_id TEXT,
    cosponsor_count INTEGER DEFAULT 0,
    summary_text TEXT,
    update_date TEXT,
    url TEXT
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CREATE INDEX idx_leg_congress ON legislation(congress);
CREATE INDEX idx_leg_type ON legislation(bill_type);
CREATE INDEX idx_leg_policy ON legislation(policy_area);
CREATE INDEX idx_leg_date ON legislation(introduced_date);
CREATE INDEX idx_leg_sponsor ON legislation(sponsor_name);
CREATE INDEX idx_leg_sponsor_bioguide ON legislation(sponsor_bioguide_id);