#aaeth ,,congress  #ast ,session  ,s4   
#dfb  ,,an ,,act  ,to require the       
,securities and ,exchange ,commission to
 refund or credit certain 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  ,passed the 
,senate ,september #aa1 #bjag4,secretary