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S. 690 108th Congress Senate

Prevention of Stock Option Abuse Act of 2003

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: March 21, 2003 Introduced by: Ron Wyden Democratic · Oregon See on congress.gov
Finance and Financial Sector Administrative procedureCommerceCorporation directorsEmployee stock options
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Executive compensationGovernment Operations and PoliticsGovernment paperworkIndependent regulatory commissionsInformation disclosure (Securities law)InvestorsLabor and EmploymentLawSecurities and Exchange CommissionSecurities regulationStockholdersStocks
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 21, 2003
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 21, 2003
Introduced in Senate
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 Latest action March 21, 2003

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 of 2003 - 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. 690: Prevention of Stock Option Abuse Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-S-690/
MLA
"S. 690: Prevention of Stock Option Abuse Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-690/.
Bluebook (legal)
S. 690, 108th Cong. (2026), https://openamerica.io/bill/108-S-690/.
Markdown link
[S. 690: Prevention of Stock Option Abuse Act of 2003](https://openamerica.io/bill/108-S-690/)
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