,,ii ,cal5d> ,no4 #ac #aae? ,,congress  
#a/ ,session  ,s4 #dfb  ,,9 ,,! ,,s5ate 
,,( ,,! ,,unit$ ,,/ates  ,febru>y #bh1  
#bjag,mr4 ,hell] 7= himself1 ,ms4       
,heitkamp1 ,mr4 ,donnelly1 ,mr4 ,toomey1
 & ,mr4 ,w>n]7 introduc$ ! foll[+ bill2 
:i* 0 read twice & ref]r$ to !          
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs  ,m>* #ac1 #bjag,report$ by    
,mr4 ,crapo1 )\t am5dm5t  ,a ,,bill  ,to
 require ! ,securities & ,ex*ange       
,commission to refund or cr$it c]ta9    
excess paym5ts made to ! ,commission4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,securities & ,ex*ange ,commission    
,ov]paym5t ,cr$it ,act4  #b4 ,refund+ or
 cr$it+ ov]paym5t ( section #ca fees    
7a7 ,def9itions ,9 ?is section-- 7#a7 ! 
t]m ,commission means ! ,securities &   
,ex*ange ,commission2  7#b7 ! t]m       
national securities association means an
 association t is regi/]$ "u section    
#ae;,a ( ! ,securities ,ex*ange ,act (  
#aicd 7#ae ,u4,s4,c4 #gho-#c72 &  7#c7 !
 t]m national securities ex*ange means  

an ex*ange t is regi/]$ z a national    
securities ex*ange "u section #f ( !    
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;f74  7b7 ,cr$it =         
ov]paym5t ( fees ,not)/&+ section       
#ca7;j7 ( ! ,securities ,ex*ange ,act ( 
#aicd 7#ae ,u4,s4,c4 #gh;ee7j771 &      
subject to subsection 7c7 ( ?is section1
 if a national securities ex*ange or a  
national securities association has paid
 fees & assessm5ts to ! ,commission 9 an
 am\nt t is m ?an ! am\nt t ! ex*ange or
 association 0 requir$ to pay "u section
 #ca ( ! ,securities ,ex*ange ,act (    
#aicd 7#ae ,u4,s4,c4 #gh;ee7 &1 n lat]  
?an #aj ye>s aft] ! date ( su* paym5t1 !
 ex*ange or association in=ms !         
,commission ab\t ! paym5t ( su* excess  
am\nt1 ! ,commission %all (fset future  
fees & assessm5ts due by t ex*ange or   
association 9 an am\nt t is equal to !  
diff]5ce betwe5 ! am\nt t ! ex*ange or  
association paid & ! am\nt t ! ex*ange  
or association 0 requir$ to pay "u su*  
section #ca4  7c7 ,applicability        

,subsection 7b7 %all apply only to fees 
& assessm5ts t a national securities    
ex*ange or a national securities        
association 0 requir$ to pay to !       
,commission be=e ! date ( enactm5t ( ?is
 ,act4  ,m>* #ac1 #bjag,report$ )\t     
am5dm5t