United States · Bill · HR
H.R. 5118 (107th)
Corporate Fraud Accountability Act of 2002
Introduced
15 July 2002
Last action
19 July 2002 · Introduced
Status
Read twice and referred to the Committee on the Judiciary.
Sponsors
Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Smith, Lamar [R-TX-21], Rep. Goodlatte, Bob [R-VA-6], Rep. Gekas, George W. [R-PA-17], Rep. Tauzin, W. J. (Billy) [R-LA-3], Rep. Coble, Howard [R-NC-6], Rep. Hart, Melissa A. [R-PA-4], Rep. Hyde, Henry J. [R-IL-6], Rep. Oxley, Michael G. [R-OH-4], Rep. Frelinghuysen, Rodney P. [R-NJ-11], Rep. Walden, Greg [R-OR-2], Sen. Capito, Shelley Moore [R-WV], Rep. Baker, Richard H. [R-LA-6], Rep. Rehberg, Denny [R-MT-At Large]
Subjects
Discovery layer
Source updated
10 August 2026
Summary
Corporate Fraud Accountability Act of 2002 - Amends Federal criminal law to establish a monetary penalty and imprisonment for: (1) knowing perpetration of securities fraud; and (2) tampering with a record or otherwise impeding an official proceeding. Requests the United States Sentencing Commission to: (1) promptly review sentencing guidelines applicable to securities and accounting fraud; and (2) expeditiously consider promulgation of new sentencing guidelines to provide an enhancement for officers of directors of publicly traded corporations who commit fraud and related offenses. Sets a deadline for such guidelines. Amends Federal bankruptcy law to declare nondischargeable in bankruptcy debts that have been incurred in violation of Federal or State securities fraud laws. Amends Federal criminal law to require senior corporate officers to certify in writing that financial statements fairly and accurately represent the operations and financial condition of the issuer. Establishes criminal penalties for violations of this requirement. Subjects to criminal penalties any attempt or conspiracy to commit any offense against the United States. Amends the Securities Exchange Act of 1934 to: (1) increase criminal penalties for violations; and (2) authorize the Securities and Exchange Commission (SEC) to seek a temporary injunction to freeze extraordinary payments earmarked for designated persons or corporate staff under investigation for possible violations of Federal securities laws. Amends the Securities Exchange Act of 1934 and the Securities Act of 1933 to authorize the SEC to prohibit violators of certain prohibitions against manipulative or deceptive devices or certain reporting requirements from serving as officers or directors of a publicly traded corporation. Amends Federal criminal law to establish criminal penalties for intentional retaliation against any person who has provided information to a law enforcement officer regarding the commission of a Federal offense.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
15 July 2002
Referred
Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
Source: Committee
15 July 2002
Introduced
Referred to the Committee on the Judiciary, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Source: IntroReferral
15 July 2002
Introduced
Referred to the Committee on the Judiciary, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Source: IntroReferral
15 July 2002
Introduced
Introduced in House
Source: IntroReferral
15 July 2002
Introduced
Introduced in House
Source: IntroReferral
16 July 2002
Vote
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 391 - 28 (Roll no. 299).(text: CR H4683-4684)
Source: Floor
16 July 2002
Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 5118.
Source: Floor
16 July 2002
Floor
Considered under suspension of the rules. (consideration: CR H4683-4694)
Source: Floor
16 July 2002
Floor
Mr. Sensenbrenner moved to suspend the rules and pass the bill, as amended.
Source: Floor
16 July 2002
Vote
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 391 - 28 (Roll no. 299). (text: CR H4683-4684)
Source: Floor
16 July 2002
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
17 July 2002
Introduced
Received in the Senate.
Source: IntroReferral
19 July 2002
Introduced
Read twice and referred to the Committee on the Judiciary.
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Referred in Senate · 19 July 2002 · Download file
- Engrossed in House · 16 July 2002 · Download file
- Introduced in House · 15 July 2002 · Download file
Documents
8 official files
Referred in Senate (text)
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Referred in Senate (text)
Referred in Senate · EN · 19 July 2002
Referred in Senate (PDF)
Referred in Senate · EN · 19 July 2002
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Engrossed in House (text)
Engrossed in House · EN · 16 July 2002
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Engrossed in House (PDF)
Engrossed in House · EN · 16 July 2002
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Passed House amended
summary · EN · 16 July 2002
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Introduced in House (text)
Introduced in House · EN · 15 July 2002
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Introduced in House (PDF)
Introduced in House · EN · 15 July 2002
ViewDownloadOpen at official source
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House
summary · EN · 15 July 2002
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Sensenbrenner, F. James, Jr. [R-WI-5] · R · Sponsor
- Rep. Smith, Lamar [R-TX-21] · R · Sponsor
- Rep. Goodlatte, Bob [R-VA-6] · R · Sponsor
- Rep. Gekas, George W. [R-PA-17] · R · Sponsor
- Rep. Tauzin, W. J. (Billy) [R-LA-3] · R · Sponsor
- Rep. Coble, Howard [R-NC-6] · R · Sponsor
- Rep. Hart, Melissa A. [R-PA-4] · R · Sponsor
- Rep. Hyde, Henry J. [R-IL-6] · R · Sponsor
- Rep. Oxley, Michael G. [R-OH-4] · R · Cosponsor
- Rep. Frelinghuysen, Rodney P. [R-NJ-11] · R · Cosponsor
- Rep. Walden, Greg [R-OR-2] · R · Cosponsor
- Sen. Capito, Shelley Moore [R-WV] · R · Cosponsor
- Rep. Baker, Richard H. [R-LA-6] · R · Cosponsor
- Rep. Rehberg, Denny [R-MT-At Large] · R · Cosponsor
- · ssju00 · Standing
- · hsju00 · Standing
- · hsba00 · Standing
Related records
- related to → Sarbanes-Oxley Act of 2002
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/107th-congress/house-bill/5118
- Open data entity: https://api.congress.gov/v3/bill/107/hr/5118
- us · 107-hr-5118 · source updated 10 August 2026