S. 3461: Securities and Exchange Commission Overpayment Credit Act

114th Congress · introduced 2016-09-29 · Finance and Financial Sector · Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

Follow this bill, step by step

Where it came from: introduced 2016-09-29 · official record
Who proposed it: Sen. Kirk, Mark Steven [R-IL] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Securities and Exchange Commission Overpayment Credit Act

Plain summary

Securities and Exchange Commission Overpayment Credit Act This bill instructs the Securities and Exchange Commission (SEC) to offset, by a prescribed amount, future fees and assessments due by a national securities exchange or a national securities association that has paid fees and assessments to the SEC in an amount exceeding the amount of transaction fees required under the Securities and Exchange Act of 1934 if, within 10 years of paying such excess amount, the exchange or association informs the SEC about payment of that amount.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Securities and Exchange Commission Overpayment Credit Act

Source: Congressional Research Service summary (Introduced in Senate)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Kirk, Mark Steven [R-IL] · 0 cosponsors

Cost estimate: No cost estimate published yet.

Agencies named in this bill

Securities and Exchange Commission: its federal spending and other bills that name it

Found automatically: the agency's full official name appears in the bill title. A bill can affect agencies it does not name, so this list may be incomplete.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114s3461.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/s>

Record fed-us-cong114-s3461 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114