# 114-hr-5553: To amend the Securities Exchange Act of 1934 to require fines collected for violations of the rules of the Municipal Rulemaking Board to be deposited into the Treasury and to amend the Sarbanes-Oxley Act of 2002 to remove a requirement on the use of certain funds.

114-hr-5553, To amend the Securities Exchange Act of 1934 to require fines collected for violations of the rules of the Municipal Rulemaking Board to be deposited into the Treasury and to amend the Sarbanes-Oxley Act of 2002 to remove a requirement on the use of certain funds., is a 114th Congress bill sponsored by Rep. Wagner, Ann [R-MO-2] (R-MO); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-5553
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-5553
- Congress: 114
- Title: To amend the Securities Exchange Act of 1934 to require fines collected for violations of the rules of the Municipal Rulemaking Board to be deposited into the Treasury and to amend the Sarbanes-Oxley Act of 2002 to remove a requirement on the use of certain funds.
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2016-06-21
- Sponsor: Rep. Wagner, Ann [R-MO-2] (R-MO)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill amends the Securities Exchange Act of 1934 to declare that fines collected for violations of the rules of the Municipal Securities Rulemaking Board shall be deposited and credited as general revenue of the Treasury. Currently such fines must be be equally divided between the board and the Securities and Exchange Commission. The bill repeals the requirement that any such fines collected by a registered securities association be accounted for by the association separately from certain other fines collected and be allocated two-thirds to the association and one-third to the board. The Sarbanes-Oxley Act of 2002 is amended to repeal the requirement for the Public Company Accounting Oversight Board to use funds generated from the collection of monetary penalties for a merit scholarship program for undergraduate and graduate students enrolled in accredited accounting degree programs.

## Related bills

- 114-hr-6433: Protect the Flag Act
- 114-hr-6373: To designate the facility of the United States Postal Service located at 324 West Saint Louis Street in Pacific, Missouri, as the "Specialist Jeffrey L. White,…
- 114-hr-6292: Trafficking Survivors Relief Act of 2016
- 114-hr-6131: Human-Animal Chimera Prohibition Act of 2016
- 114-hr-6100: Protect Family Farms and Businesses Act
- 114-hr-6094: Regulatory Relief for Small Businesses, Schools, and Nonprofits Act

## Sources
- [114-hr-5553 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/5553)

## Related
- [114-hr-6433: Protect the Flag Act](https://policyrisk.com/legislation/114-hr-6433)
- [114-hr-6373: To designate the facility of the United States Postal Service located at 324 We…](https://policyrisk.com/legislation/114-hr-6373)
- [114-hr-6292: Trafficking Survivors Relief Act of 2016](https://policyrisk.com/legislation/114-hr-6292)
- [114-hr-6131: Human-Animal Chimera Prohibition Act of 2016](https://policyrisk.com/legislation/114-hr-6131)
- [114-hr-6100: Protect Family Farms and Businesses Act](https://policyrisk.com/legislation/114-hr-6100)
- [114-hr-6094: Regulatory Relief for Small Businesses, Schools, and Nonprofits Act](https://policyrisk.com/legislation/114-hr-6094)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-5553 (as of 2025-11-18).