Skip to main content
HR 4098 107th Congress House Crime and Law Enforcement Accounting Accounting and auditing Accounting and financial statements Administrative procedure Administrative remedies Attorneys general Auditing Auditing and auditors Bankruptcy Business records Civil Rights and Liberties, Minority Issues Civil actions and liability Commerce Corporate collapse Corporate corruption Corporate governance Crime prevention Criminal investigation Criminal justice information systems

Corporate and Criminal Fraud Accountability Act of 2002

Introduced: April 9, 2002 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 6, 2002
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
Apr 9, 2002
Referred to the House Committee on the Judiciary.
Apr 9, 2002
Sponsor introductory remarks on measure. (CR E463-464)
Apr 9, 2002
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service
Corporate and Criminal Fraud Accountability Act of 2002 - Amends the Federal criminal code to set penalties for: (1) destroying, altering, or falsifying records in Federal investigations or in bankruptcy; (2) failure of an accountant who conducts an audit of an issuer of securities to maintain all documents sent, received, or created in connection with the audit for a five year period; and (3) executing a scheme to defraud in connection with a registered security, or to obtain by false pretenses money or property in connection with its purchase or sale.

Directs the United States Sentencing Commission to review the Federal sentencing guidelines for obstruction of justice, and for fraud when the number of victims adversely involved is significantly greater than 50 or when it endangers the solvency or financial security of multiple victims.

Amends: (1) Federal bankruptcy law to make certain debts incurred in violation of Federal or State securities laws, or common law fraud in connection with the purchase or sale of any security, non-dischargeable in bankruptcy, and to increase the amount of employees' wages protected under chapter 11 proceedings; and (2) the Federal judicial code to authorize a private right of action that involves a securities fraud-related claim to be brought by the earlier of five years after the date of the alleged violation or three years after its discovery.

Authorizes a civil action to protect whistle-blowing employees against retaliation in fraud cases involving publicly traded companies.

Amends the judicial code to direct the Attorney General to establish within the Department of Justice a Retirement Security Fraud Bureau.

What's happening now May 6, 2002

Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.

 Related & companion bills 2
  • S 2010 Companion bill Corporate and Criminal Fraud Accountability Act of 2002
  • HRES 480 Procedurally related Providing for consideration of the bill (H.R. 4098) to provide for ciminal prosecution of persons who alter or destroy …
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 10
All 10 Democratic 9 Independent 1
D
DeLauro, Rosa L.
Connecticut · Jul 17, 2002
 D
Norton, Eleanor Holmes
District of Columbia · Jul 17, 2002
 D
Scott, Robert C. "Bobby"
Virginia · Jul 15, 2002
 D
Markey, Edward J.
Massachusetts · Apr 30, 2002
 D
McGovern, James P.
Massachusetts · Apr 11, 2002
 D
Davis, Danny K.
Illinois · Apr 9, 2002
 D
Lynch, Stephen F.
Massachusetts · Apr 9, 2002
 I
Sanders, Bernard
Vermont · Apr 9, 2002
 D
Schakowsky, Janice D.
Illinois · Apr 9, 2002
 D
Waters, Maxine
California · Apr 9, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4098: Corporate and Criminal Fraud Accountability Act of 2002. 107th Congress. Open America. https://openamerica.io/bill/107-HR-4098/
MLA
"H.R. 4098: Corporate and Criminal Fraud Accountability Act of 2002." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-4098/.
Bluebook (legal)
H.R. 4098, 107th Cong. (2026), https://openamerica.io/bill/107-HR-4098/.
Markdown link
[H.R. 4098: Corporate and Criminal Fraud Accountability Act of 2002](https://openamerica.io/bill/107-HR-4098/)
Report a problem