,i #aag? ,,congress #a/ ,session ,h4 ,r4 #edhe ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,octob] #e1 #bjba,mr4 ,gre5 ( ,texas introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to am5d ! ,securities ,ex*ange ,act ( #aicd to exp& ! def9ition ( :i/lebl[] & increase anti-retaliation protections = :i/lebl[]s1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,:i/lebl[] ,protection ,re=m ,act ( #bjba4 #b4 ,:i/lebl[] protection enhancem5ts 7a7 ,9 g5]al ,section #ba;,f ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #ghu-#f7 is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 9 p>agraph 7#d7-- 7i7 by /rik+ subp>agraph 7,a7 & ins]t+ ! foll[+3 7,a7 any monies1 includ+ p5alties1 disgorgem5t1 & int]e/1 ord]$ to be paid or o!rwise ord]$ z relief1 includ+ 9-- 7i7 a non-prosecution agreem5t ent]$ by ! ,attorney ,g5]al2 7ii7 a def]r$ prosecution agreem5t ent]$ by ! ,attorney ,g5]al2 & 7iii7 an agreem5t ent]$ by ! ,commission to settle a cov]$ judicial or adm9i/rative proce$+2 & 2 7ii7 9 subp>agraph 7,b71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7iii7 by add+ at ! end ! foll[+3 7,c7 any monies recov]$ by a bankruptcy tru/ee z a result ( ! orig9al in=mation provid$ by a :i/lebl[]4 2 & 7,b7 9 p>agraph 7#f7-- 7i7 by /rik+ 7#f7 ,:i/lebl[]4--,! t]m & ins]t+3 7#f7 ,:i/lebl[] 7,a7 ,9 g5]al ,! t]m 2 & 7ii7 by add+ at ! end ! foll[+3 7,b7 ,special rule ,solely = ! purposes ( subsection 7h77#a71 ! t]m :i/lebl[] %all also include any individual :o takes an action describ$ 9 subsection 7h77#a77;,a71 or two or m individuals act+ jo9tly :o take an action describ$ 9 subsection 7h77#a77;,a71 includ+ z "p ( ! job duties ( su* individual or individuals4 2 7#b7 9 subsection 7b71 by add+ at ! end ! foll[+3 7#c7 ,relat$ actions ,:5 det]m9+ :e!r to pay an aw>d to a :i/lebl[] 9 a relat$ action1 ! ,commission may n consid] :e!r ano!r :i/lebl[] rew>d program has a m direct or relevant connection to su* relat$ action bas$ on in=mation provid$ by su* :i/lebl[]4 2 7#c7 9 subsection 7c77#a77;,b77ii71 by /rik+ ! balance ( ! ,fund & ins]t+ ! balance ( ! ,inve/or ,protection ,fund or ! am\nt ( ! pot5tial aw>d2 7#d7 9 subsection 7g77#b7-- 7,a7 9 subp>agraph 7,a71 by /rik+ & at ! end2 7,b7 9 subp>agraph 7,b71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+3 7,c7 fund+ ! op]ations ( ! ,securities ,ex*ange ,commission ,(fice ( ! ,:i/lebl[]4 2 7#e7 9 subsection 7h77#a7-- 7,a7 9 subp>agraph 7,a7-- 7i7 by /rik+ 1 directly or indirectly12 7ii7 by /rik+ dis*>ge1 & ins]t+ directly or indirectly dis*>ge2 7iii7 by /rik+ employm5t & ins]t+ employm5t or po/-employm5t2 7iv7 9 clause 7i71 by /rik+ to ! ,commission & ins]t+ to ! ,commission orally or 9 writ+2 7v7 9 clause 7ii71 by /rik+ or at ! end2 7vi7 9 clause 7iii7-- 7,i7 by /rik+ t are requir$ or protect$ "u & ins]t+ ) respect to any conduct t ! :i/lebl[] reasonably believes evid5ces a violation ( or is protect$ "u2 & 7,,ii7 by /rik+ ! p]iod at ! end & ins]t+ 2 or2 & 7vii7 by add+ at ! end ! foll[+3 7iv7 9 provid+ in=mation reg>d+ any conduct t has occurr$1 is ongo+1 or is ab\t to occur t ! :i/lebl[] reasonably believes con/itutes a violation ( any law1 rule1 or regulation subject to ! jurisdiction ( ! ,commission-- 7,i7 a p]son ) sup]visory au?ority ov] ! :i/lebl[] at ! :i/lebl[]'s employ]1 :]e su* employ] is an entity regi/]$ ) or requir$ to be regi/]$ ) ! ,commission1 a self-regulatory organization1 or a ,/ate securities commission or (fice p]=m+ l functions2 or 7,,ii7 su* o!r p]son work+ = ! employ] describ$ "u subclause 7,i7 :o has ! au?ority to inve/igate1 discov]1 or t]m9ate misconduct4 2 7,b7 9 subp>agraph 7,b7-- 7i7 by add+ at ! end ! foll[+3 7iv7 ,jury ,ea* p>ty to an action br\ght "u subsection 7h7 ( ?is section %all be entitl$ to a trial by jury4 7v7 ,burd5s ( pro( -- 7,i7 ,9 g5]al ,) respect to any compla9t fil$ "u ?is p>agraph by a :i/lebl[] aga9/ an employ]1 a :i/lebl[] %all prevail 9 ! action ^u a %[+ t protect$ conduct 0 a contribut+ factor 9 ! unfavorable p]sonnel action alleg$ 9 ! compla9t4 7,,ii7 ,e/abli%m5t ( contribution factor ,a :i/lebl[] may e/abli% t ! protect$ conduct 0 a contribut+ factor 9 ! p]sonnel action ?r\gh circum/antial evid5ce1 includ+ evid5ce t-- 7aa7 ! (ficial t took ! p]sonnel action knew ( ! protect$ conduct engag$ 9 by ! :i/lebl[]2 & 7bb7 ! (ficial t took ! p]sonnel action did s )9 a p]iod ( "t su* t a reasonable p]son c\ld conclude t ! protect$ conduct engag$ 9 by ! :i/lebl[] 0 a contribut+ factor 9 ! p]sonnel action4 2 & 7ii7 9 clause 7iii77,i77bb71 by /rik+ #c & ins]t+ #f2 & 7,c7 9 subp>agraph 7,c7-- 7i7 9 clause 7ii71 by /rik+ & at ! end2 7ii7 by /rik+ clause 7iii7 & ins]t+ ! foll[+3 7iii7 ! paym5t ( comp5satory damages1 includ+ comp5sation = litigation co/s1 exp]t witness fees1 & reasonable attorneys' fees2 & 2 & 7iii7 by add+ at ! end ! foll[+3 7iv7 any o!r appropriate rem$y z det]m9$ by ! ,bo>d ) respect to ! conduct t is ! subject ( ! compla9t4 2 & 7#f7 by add+ at ! end ! foll[+3 7k7 ,non5=ceability ( c]ta9 provisions waiv+ rights & rem$ies or requir+ arbitration 7#a7 ,9 g5]al ,! rights & rem$ies provid$ "u ?is section may n be waiv$ by any agreem5t1 policy =m1 or condition ( employm5t1 includ+ by a pr$ispute arbitration agreem5t4 7#b7 ,pr$ispute arbitration agreem5t ,if a pr$ispute arbitration agreem5t requires arbitration ( a dispute aris+ "u ?is section su* pr$ispute arbitration agreem5t is n valid or en=ceable4 7#c7 ,effective date ,?is subsection %all be effective ) respect to any action or agreem5t t is fil$ on or aft]1 or t is p5d+ z (1 ! date ( enactm5t ( ?is ,act4 4 7b7 ,timely process+ ( claims 7#a7 ,9 g5]al ,section #ba;,f7b7 ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #ghu-#f7;b77 is am5d$ by add+ at ! end ! foll[+3 7#c7 ,timely process+ ( claims 7,a7 ,initial disposition 7i7 ,9 g5]al ,except z provid$ 9 subp>agraph 7,b71 ! ,commission %all make an initial disposition ) respect to any claim timely submitt$ by a :i/lebl[] = an aw>d "u ?is section n lat] ?an #a ye> aft] ! submission deadl9e e/abli%$ by ! ,commission1 by rule1 = a :i/lebl[] to file a claim4 7ii7 ,multiple actions ,if a claim submitt$ by a :i/lebl[] = an aw>d "u ?is section involves #a or m relat$ actions1 ! requirem5t describ$ 9 clause 7i7 %all apply ) respect to ! late/ ( ! submission deadl9es apply+ to su* claims4 7,b7 ,exceptions 7i7 ,initial ext5sion ,if ! ,director ( ! ,division ( ,en=cem5t ( ! ,commission 79 ?is p>agraph ref]r$ to z ! ,director71 det]m9es t a claim is suffici5tly complex or involves m ?an "o :i/lebl[]1 or if o!r good cause exi/s su* t1 z det]m9$ by ! ,director1 ! ,commission _c reasonably satisfy ! requirem5ts describ$ 9 subp>agraph 7,a71 ! ,director may1 aft] provid+ notice to ! ,commission1 ext5d ! submission deadl9e e/abli%$ by ! ,commission = a :i/lebl[] to file a claim z x applies to su* by n m ?an #ahj days4 7ii7 ,additional ext5sions ,if1 aft] provid+ an ext5sion "u clause 7i71 ! ,director det]m9es t ! ,commission _c reasonably satisfy ! requirem5ts "u subp>agraph 7,a7 ) respect to an aw>d claim1 z ext5d$ "u clause 7i71 ! ,director may1 aft] provid+ notice to ! ,commission1 ext5d ! p]iod 9 :i* ! ,commission may satisfy subp>agraph 7,a7 by #a additional #ahj days4 7iii7 ,notice to :i/lebl[] requir$ ,if ! ,director ex]cises ! ext5sion au?ority describ$ "u clause 7i7 or clause 7ii71 ! ,director %all submit to ! :i/lebl[] t fil$ ! aw>d claim t is subject to t ext5sion action by ! ,director ) a writt5 notification ( su* ext5sion action by ! ,director or ! designee4 4 7#b7 ,rules ,! ,securities & ,ex*ange ,commission %all1 n lat] ?an "o ye> aft] ! date ( ! enactm5t ( ?is ,act1 issue su* rules z ! ,securities & ,ex*ange ,commission det]m9es necess>y to c>ry out section #ba;,f7b77#c7 ( ! ,securities ,ex*ange ,act ( #aicd4 7c7 ,effective date ,except z o!rwise provid$1 ! am5dm5ts made by ?is ,act %all apply ) respect to any claim involv+ a violation ( section #ba;,f7h77#a7 ( ! ,securities ,act ( #aicd1 includ+ any claim 9 an en=cem5t action or proce$+ br\ght by ! ,securities & ,ex*ange ,commission t is p5d+ 9 any appropriate judicial or adm9i/rative =um on ! date ( ! enactm5t ( ?is ,act4