H.R. 4208 · 108th Congress
Executive Stock Option Profit Recapture Act
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
FrankSponsorNo cosponsors.
Executive Stock Option Profit Recapture Act - Amends the Sarbanes-Oxley Act of 2002 to direct the Securities and Exchange Commission (SEC) to prescribe rules declaring that, if, at the end of a period ending one year after one or more of the five most highly compensated executive officers or the directors of an issuer have exercised options on the issuer's…
What it does: CRS summary · Introduced in House · Apr 22, 2004
Executive Stock Option Profit Recapture Act - Amends the Sarbanes-Oxley Act of 2002 to direct the Securities and Exchange Commission (SEC) to prescribe rules declaring that, if, at the end of a period ending one year after one or more of the five most highly compensated executive officers or the directors of an issuer have exercised options on the issuer's securities granted as compensation, the issuer's stock has declined by a material amount, then such executive officer or director shall be required to reimburse the issuer for all gains realized on the sale of securities obtained as a result of the option exercise that are in excess of any gains that would have been realized had the securities been sold at the stock price at the end of such one-year period.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Executive Stock Option Profit Recapture Act
Latest action (May 17, 2004): Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Apr 22, 2004
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.