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Streamlining Victim Compensation Trusts for Disaster Relief

This bill aims to simplify operations for victim compensation trusts assisting over 50,000 individuals affected by natural disasters. By easing certain financial regulations, the management of these funds will become more straightforward, potentially accelerating the distribution of aid to affected citizens. The changes primarily concern securities transactions, streamlining the financial processes of these trusts.
Key points
Court-approved victim compensation trusts helping over 50,000 disaster victims will have simplified operational rules.
The simplification applies to regulations concerning securities transactions, aiming for more efficient fund management.
The goal is to ensure faster and easier financial assistance reaches individuals impacted by natural disasters.
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Expired
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Additional Information
Print number: 117_HR_3546
Sponsor: Rep. Thompson, Mike [D-CA-5]
Process start date: 2021-05-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3546.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-25.

What are the main provisions?

Key points include:

  • Court-approved victim compensation trusts helping over 50,000 disaster victims will have simplified operational rules.
  • The simplification applies to regulations concerning securities transactions, aiming for more efficient fund management.
  • The goal is to ensure faster and easier financial assistance reaches individuals impacted by natural disasters.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Thompson, Mike [D-CA-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

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