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► 15 U.S.C. § 7243 15 u.s.c. · public company accounting reform and cor · title 15
15 U.S.C. § 7243
Forfeiture of certain bonuses and profits
Title 15 USC
● ACTIVE
Ch. 98
Jurisdiction Federal — United States
Chapter PUBLIC COMPANY ACCOUNTING REFORM AND CORPORATE RESPONSIBILITY
Primary Source uscode.house.gov ↗
Federation ID OM-USC15-SEC-CA77F8
► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 98 - PUBLIC COMPANY ACCOUNTING REFORM AND CORPORATE RESPONSIBILITY SUBCHAPTER III - CORPORATE RESPONSIBILITY Sec. 7243 - Forfeiture of certain bonuses and profits From the U.S. Government Publishing Office, www.gpo.gov

§7243. Forfeiture of certain bonuses and profits

(a) Additional compensation prior to noncompliance with Commission financial reporting requirements If an issuer is required to prepare an accounting restatement due to the material noncompliance of the issuer, as a result of misconduct, with any financial reporting requirement under the securities laws, the chief executive officer and chief financial officer of the issuer shall reimburse the issuer for— (1) any bonus or other incentive-based or equity-based compensation received by that person from the issuer during the 12-month period following the first public issuance or filing with the Commission (whichever first occurs) of the financial document embodying such financial reporting requirement; and (2) any profits realized from the sale of securities of the issuer during that 12-month period. (b) Commission exemption authority The Commission may exempt any person from the application of subsection (a), as it deems necessary and appropriate.

(Pub. L. 107–204, title III, §304, July 30, 2002, 116 Stat. 778.)

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 15 U.S.C. § 7243 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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Chapter 98 — PUBLIC COMPANY ACCOUNTING REFORM AND CORPORATE RESPONSIBILITY
15 U.S.C. § 720115 U.S.C. § 720215 U.S.C. § 721115 U.S.C. § 721215 U.S.C. § 721315 U.S.C. § 721415 U.S.C. § 7214a15 U.S.C. § 721515 U.S.C. § 721615 U.S.C. § 721715 U.S.C. § 721815 U.S.C. § 721915 U.S.C. § 722015 U.S.C. § 723115 U.S.C. § 723215 U.S.C. § 723315 U.S.C. § 723415 U.S.C. § 724115 U.S.C. § 724215 U.S.C. § 724315 U.S.C. § 724415 U.S.C. § 724515 U.S.C. § 724615 U.S.C. § 7261
15 U.S.C. — public domain ← All Legislation
OakMorel Law
15 U.S.C.
Citation
15 U.S.C. § 7243
Status
● ACTIVE
Chapter
98 — PUBLIC COMPANY ACCOUNTING REFORM AND CORPORATE RESPONSIBILITY
Title
Commerce and Trade
Jurisdiction
Federal
Federation ID
OM-USC15-SEC-CA77F8
Root-LD Spec
v1.0
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Commerce and Trade — 15 U.S.C. § 7243