,,ib  ,union ,calendar ,no4 #aie  #aaeth
 ,,congress  #ast ,session  ,h4 ,r4     
#abeg  ,report ,no4 #aae-bge  ,,in ,,the
 ,,house ,,of ,,representatives         
,february #bh1 #bjag ,mr4 ,meeks 7for   
himself and ,mr4 ,hultgren7 introduced  
the following bill2 which was referred  
to the ,committee on ,financial         
,services  ,august #ae1 #bjag           
,additional sponsors3 ,mrs4 ,carolyn ,b4
 ,maloney of ,new ,york1 ,mr4 ,foster1  
,mr4 ,hollingsworth1 and ,mr4 ,sherman  
,august #ae1 #bjag ,reported with an    
amendment1 committed to the ,committee  
of the ,whole ,house on the ,state of   
the ,union1 and ordered to be printed   
,strike out all after the enacting      
clause and insert the part printed in   
italic ,for text of introduced bill1 see
 copy of bill as introduced on ,february
 #bh1 #bjag  ,a ,,bill  ,to amend the   
,securities ,exchange ,act of #aicd to  
require the ,securities ,exchange       
,commission to refund or credit excess  
payments made to the ,commission4  #a4  

,short title ,this ,act may be cited as 
the ,securities and ,exchange           
,commission ,overpayment ,credit ,act4  
#b4 ,refunding or crediting overpayment 
of section #ca fees  7a7 ,definitions   
,in this section--  7#a7 the term       
,commission means the ,securities and   
,exchange ,commission2  7#b7 the term   
national securities association means an
 association that is registered under   
section #ae;,a of the ,securities       
,exchange ,act of #aicd 7#ae ,u4,s4,c4  
#gho-#c72 and  7#c7 the term national   
securities exchange means an exchange   
that is registered as a national        
securities exchange under section #f of 
the ,securities ,exchange ,act of #aicd 
7#ae ,u4,s4,c4 #gh;f74  7b7 ,credit for 
overpayment of fees ,notwithstanding    
section #ca7;j7 of the ,securities      
,exchange ,act of #aicd 7#ae ,u4,s4,c4  
#gh;ee7j771 and subject to subsection   
7c7 of this section1 if a national      
securities exchange or a national       
securities association has paid fees and

 assessments to the ,commission in an   
amount that is more than the amount that
 the exchange or association was        
required to pay under section #ca of the
 ,securities ,exchange ,act of #aicd    
7#ae ,u4,s4,c4 #gh;ee7 and1 not later   
than #aj years after the date of such   
payment1 the exchange or association    
informs the ,commission about the       
payment of such excess amount1 the      
,commission shall offset future fees and
 assessments due by that exchange or    
association in an amount that is equal  
to the difference between the amount    
that the exchange or association paid   
and the amount that the exchange or     
association was required to pay under   
such section #ca4  7c7 ,applicability   
,subsection 7b7 shall apply only to fees
 and assessments that a national        
securities exchange or a national       
securities association was required to  
pay to the ,commission before the date  
of enactment of this ,act4  ,august #ae1
 #bjag ,reported with an amendment1     

committed to the ,committee of the      
,whole ,house on the ,state of the      
,union1 and ordered to be printed