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HR 5048 107th Congress House Finance and Financial Sector Business ethics Commerce Conflict of interests Corporate collapse Corporate governance Corporation directors Executives Loans Securities regulation Stock exchanges Stockholders

Corporate Executive Responsibility Act of 2002

Introduced: June 27, 2002 See on congress.gov
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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
Sep 4, 2002
Sponsor introductory remarks on measure. (CR E1484-1485)
Jul 15, 2002
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Jun 27, 2002
Referred to the House Committee on Financial Services.
Jun 27, 2002
Introduced in House
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 Plain-English summary Congressional Research Service
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.

What's happening now September 4, 2002

Sponsor introductory remarks on measure. (CR E1484-1485)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 7
All 7 Democratic 6 Independent 1
I
Sanders, Bernard
Vermont · Jul 12, 2002
 D
Scott, Robert C. "Bobby"
Virginia · Jul 12, 2002
 D
DeLauro, Rosa L.
Connecticut · Jun 27, 2002
 D
Doggett, Lloyd
Texas · Jun 27, 2002
 D
Nadler, Jerrold
New York · Jun 27, 2002
 D
Schakowsky, Janice D.
Illinois · Jun 27, 2002
 D
Waters, Maxine
California · Jun 27, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5048: Corporate Executive Responsibility Act of 2002. 107th Congress. Open America. https://openamerica.io/bill/107-HR-5048/
MLA
"H.R. 5048: Corporate Executive Responsibility Act of 2002." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-5048/.
Bluebook (legal)
H.R. 5048, 107th Cong. (2026), https://openamerica.io/bill/107-HR-5048/.
Markdown link
[H.R. 5048: Corporate Executive Responsibility Act of 2002](https://openamerica.io/bill/107-HR-5048/)
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