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
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
Plain-English summary
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
Sponsor introductory remarks on measure. (CR E1484-1485)
Committees of jurisdiction
2