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.

Bill: 117-hr-3546
Sponsor: full_name: Rep. Thompson, Mike [D-CA-5]
Introduced: 2021-05-25
Policy area: Finance and Financial Sector
Latest action: action_date: 2021-05-25
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2021-05-25
action_desc: Introduced in House
text: <p>This bill exempts from securities filing requirements transactions made by a court-approved victim compensation trust established for the benefit of more than 50,000 individuals and entities impacted by one or more natural disasters.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 3546 IN THE HOUSE OF REPRESENTATIVES May 25, 2021 Mr. Thompson of California (for himself, Mr. Vargas , and Mr. LaMalfa ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To exempt transactions by certain victim compensation trusts from the application of section 16 of the Securities Exchange Act of 1934, and for other purposes.

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