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January 25, 2012
Mr. President:
The Business and Labor Committee reports a favorable recommendation on S.B. 90,
SECURITIES FRAUD REPORTING PROGRAM ACT AMENDMENTS, by Senator B.
McAdams, with the following amendments:
John L. Valentine
Voting: 6-0-2
1. Page
2, Lines 51 through 55
:
51
(d) [the employer or entity in the covered judicial or administrative action that
relates
52
to the information provided by the reporter is subject to the jurisdiction of the Securities
and
53
Exchange Commission under] the employee
qualifies for protection
}
is
protected
from adverse action as
54
described in Section 21F of the Securities Exchange Act, 15 U.S.C. Sec. 78u-6, and
regulations
55
issued under that section.
2. Page
3, Lines 63 through 65
:
63
(3) (a) Subject to the other provisions of this section, the commission may determine
64
the amount of award paid under this section, except that in determining the amount the
65
commission
shall
}
may
consider:
Respectfully,
Committee Chair
3 SB0090.SC1.wpd /BRH PO/BRH 1/25/12 3:38 pm
Bill Number
*SB0090*
SB0090