HR 3546
To exempt transactions by certain victim compensation trusts from the application of section 16 of the Securities Exchange Act of 1934, and for other purposes.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill aims to simplify reporting requirements for victim compensation trusts. It proposes an exemption from certain rules under the Securities Exchange Act of 1934 for trusts specifically created to help individuals and entities affected by major disasters. These trusts must be court-approved and serve over 50,000 people. The goal is to reduce the administrative burden on these trusts while ensuring they can efficiently distribute funds to disaster survivors.
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Cosponsors
Doug LaMalfa
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