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S. 462: Securities and Exchange Commission Overpayment Credit Act

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S. 462: Securities and Exchange Commission Overpayment Credit Act

115th Congress · introduced 2017-02-28 · Finance and Financial Sector · Latest: Held at the desk.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2017-02-28 · official record
  2. Who proposed it: Sen. Heller, Dean [R-NV] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Held at the desk. Not final yet: this can still change. We check for updates every day.
  5. 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

(This measure has not been amended since it was introduced. The expanded summary of the Senate reported version is repeated here.) Securities and Exchange Commission Overpayment Credit Act (Sec. 2) This bill requires the Securities and Exchange Commission (SEC) to offset future fees and assessments due from a national securities exchange or association that: (1) has previously overpaid such fees and assessments, and (2) informs the SEC of the overpayment within 10 years.

Congressional Research Service summary (Passed Senate without amendment), 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 (Passed Senate without amendment)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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

Officials and money

Sponsor: Sen. Heller, Dean [R-NV] · 4 cosponsors

Cost estimate: CBO cost estimate: S. 462, Securities and Exchange Commission Overpayment Credit Act (2017-04-05)

Cosponsors on this site

Mark R. Warner (D-VA)

Agencies named in this bill

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

Record fed-us-cong115-s462 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115