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S. 2822 107th Congress Senate

Prevention of Stock Option Abuse Act

Official title: A bill to prevent publicly traded corporations from issuing stock options to top management in a manner that is detrimental to the long-term interests of shareholders.

Introduced: July 30, 2002 Introduced by: Ron Wyden Democratic · Oregon See on congress.gov
Finance and Financial Sector Administrative procedureCommerceCorporate collapseCorporate governance
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Corporation directorsEmployee stock optionsExecutive compensationGovernment Operations and PoliticsGovernment paperworkIndependent regulatory commissionsInformation disclosure (Securities law)InvestorsLabor and EmploymentLawSecurities and Exchange CommissionSecurities regulationStockholdersStockholders' votingStocks
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 30, 2002
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 30, 2002
Sponsor introductory remarks on measure. (CR S7581-7582)
Jul 30, 2002
Introduced in Senate
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 Latest action July 30, 2002

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service
Prevention of Stock Option Abuse Act - Instructs the Securities and Exchange Commission to promulgate stock option rules requiring a publicly traded corporation to: (1) obtain prior shareholder approval of stock option compensation plans; and (2) issue to directors or executive officers stock options that have a minimum five-year vesting period.

Mandates that such rules also: (1) stagger both the percentage of company stock sold by a director or executive officer and the time periods within which it may be sold; and (2) require quarterly corporate filings to include the total quantity of outstanding stock options held by senior management and staff, as well as a stock option status report.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2822: Prevention of Stock Option Abuse Act. 107th Congress. Open America. https://openamerica.io/bill/107-S-2822/
MLA
"S. 2822: Prevention of Stock Option Abuse Act." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-2822/.
Bluebook (legal)
S. 2822, 107th Cong. (2026), https://openamerica.io/bill/107-S-2822/.
Markdown link
[S. 2822: Prevention of Stock Option Abuse Act](https://openamerica.io/bill/107-S-2822/)
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