To exempt transactions by certain victim compensation trusts from the application of section 16 of the Securities Exchange Act of 1934, and for other purposes.

I 117TH CONGRESS 1ST SESSION H. R. 3546 To exempt transactions by certain victim compensation trusts from the appli- cation of section 16 of the Securities Exchange Act of 1934, and for other purposes. IN THE HOUSE OF REPRESENTATIVES MAY 25, 2021 Mr. THOMPSON of California (for himself, Mr. VARGAS, and Mr. LAMALFA) introduced the following bill; which was referred to the Committee on Fi- nancial Services A BILL To exempt transactions by certain victim compensation trusts from the application of section 16 of the Securities Ex- change Act of 1934, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. EXEMPTION OF TRANSACTIONS BY CERTAIN 3 VICTIM COMPENSATION TRUSTS. 4 Transactions by a court-approved victim compensa- 5 tion trust established for the benefit of more than 50,000 6 persons and entities impacted by one or more natural dis- 7 asters, however caused, including one or more major disas- 8 ters declared by the President under section 401 of the 9 VerDate Sep 11 2014 22:53 Jun 23, 2021 Jkt 019200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H3546.IH H3546 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 3546 IH Robert T. Stafford Disaster Relief and Emergency Assist- 1 ance Act (42 U.S.C. 5170), shall be exempt from the pro- 2 visions of section 16 of the Securities Exchange Act of 3 1934 (15 U.S.C. 78p). 4 Æ VerDate Sep 11 2014 22:53 Jun 23, 2021 Jkt 019200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H3546.IH H3546 kjohnson on DSK79L0C42PROD with BILLS