Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
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| LegalText | 15 U.S.C. § 7243 | Forfeiture of certain bonuses and profits | us | united_states_code | code_section | 15 | COMMERCE AND TRADE | 98 | PUBLIC COMPANY ACCOUNTING REFORM AND CORPORATE RESPONSIBILITY | 7243 | 15 U.S.C. § 7243 | current | 119-100 | 2026-06-26 | official | https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip | /us/usc/t15/s7243 | data/legal/raw/us/code/title-15/usc15.xml | 3c641c61424613d95ed3a1c2acabbb31bebb55552628e33a051f613e37c6d2ac | 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 | 01165c42061f81a8f2168e025253e05b2eb81cc4eed76d39ae5bc0ba3f3a3bf6 | 2026-07-04 | official |
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15 U.S.C. § 7243 - Forfeiture of certain bonuses and profits
Text
(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.)