Sec. 2. Transfer of funds to the 10-Year Pediatric Research Initiative
204 words·~1 min read·
/bill/116/hr/6556/ih/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 30A of the Securities Exchange Act of 1934 ( 15 U.S.C. 78dd–1 ) is amended by adding at the end the following: With respect to civil monetary sanctions, including penalties, disgorgement, and interest, recovered under this section, section 13(b)(2), or section 32(c) from persons registered under section 510(b)(1) or section 510(i)(1)(A)(i) of the Federal Food, Drug, and Cosmetic Act, the Secretary of the Treasury shall transfer to the 10-Year Pediatric Research Initiative Fund described in section 9008(i)(2) of the Internal Revenue Code of 1986 (the Fund ), an amount equal to the sum of all such sanctions. Paragraph
(1)shall not apply to any monetary sanction collected by the Commission in any judicial or administrative action brought by the Commission under the securities laws that is added to a disgorgement fund or other fund under section 308 of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7246 ) or otherwise distributed to victims of a violation of the securities laws, or the rules and regulations thereunder. Amounts transferred to the Fund under this subsection shall— be transferred in the manner described under section 9601 of the Internal Revenue Code of 1986; and be available as described in section 9008(i)(2) of such Code. .
Connectionstraces to 1
Traces to 1 document
U.S. Code
1 reference not yet in our index
- 15 USC 78dd–1
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources