This bill exempts from securities filing requirements transactions made by a court-approved victim compensation trust established for the benefit of more than 50,000 individuals and entities impacted by one or more natural disasters.
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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXEMPTION OF TRANSACTIONS BY CERTAIN VICTIM COMPENSATION 
              TRUSTS.

    Transactions by a court-approved victim compensation trust 
established for the benefit of more than 50,000 persons and entities 
impacted by one or more natural disasters, however caused, including 
one or more major disasters declared by the President under section 401 
of the Robert T. Stafford Disaster Relief and Emergency Assistance Act 
(42 U.S.C. 5170), shall be exempt from the provisions of section 16 of 
the Securities Exchange Act of 1934 (15 U.S.C. 78p).
                                 <all>
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.
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.
Official Titles - House of Representatives
Official Title as Introduced
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.
Rep. Thompson, Mike