The Text of the Dodd-Frank Act
International Association of
Risk and Compliance Professionals (IARCP)
Dodd Frank Act Section 924
SEC. 924. IMPLEMENTATION AND TRANSITION
PROVISIONS FOR WHISTLEBLOWER PROTECTION.
IMPLEMENTING RULES.—The Commission
shall issue final regulations implementing the provisions of
section 21F of the Securities Exchange Act of 1934, as added by
this subtitle, not later than 270 days after the date of enactment
of this Act.
INFORMATION.—Information provided to the Commission in
writing by a whistleblower shall not lose the status of original
information (as defined in section 21F(a)(3) of the Securities
Exchange Act of 1934, as added by this subtitle) solely because
the whistleblower provided the information prior to the effective
date of the regulations, if the information is provided by the
whistleblower after the date of enactment of this subtitle.
(c) AWARDS.—A whistleblower may
receive an award pursuant to section 21F of the Securities
Exchange Act of 1934, as added by this subtitle, regardless of
whether any violation of a provision of the securities laws, or a
rule or regulation thereunder, underlying the judicial or
administrative action upon which the award is based, occurred
prior to the date of enactment of this subtitle.
ADMINISTRATION AND ENFORCEMENT.—The
Securities and Exchange Commission shall establish a separate
office within the Commission to administer and enforce the
provisions of section 21F of the Securities Exchange Act of 1934
(as add by section 922(a)).
Such office shall report
annually to the Committee on Banking, Housing, and Urban Affairs
of the Senate and the Committee on Financial Services of the House
of Representatives on its activities, whistleblower complaints,
and the response of the Commission to such complaints.
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