US Codex
Bill
Notes

H.R. 2515 — what changed

Whistleblower Protection Reform Act of 2019

From Introduced in House to Engrossed in House. 1 section amended and 1 added between Introduced in House and Engrossed in House.

Section 1 Short title

changed Section 21F(a)(6) of This Act may be cited as the Securities Exchange “Whistleblower Protection Reform Act of 1934 (15 U.S.C. 78u–6(a)(6)) is amended—2019”.

(1)
removed by striking “(6) Whistleblower.—The term” and inserting the following:

removed “(6) Whistleblower

removed “(A) In general—The term”

(2)
removed by adding at the end the following new subparagraph:

removed “(B) Special rule—Solely for the purposes of subsection (h), the term “whistleblower” shall also include any individual who takes an action described in subsection (h)(1)(A), or two or more individuals acting jointly who take an action described in subsection (h)(1)(A).”

Sec. 2 Whistleblower

added

added Section 21F of the Securities Exchange Act of 1934 (15 U.S.C. 78u–6) is amended—

(1)
added in subsection (a)(6)—
(A)
added by striking “(6) Whistleblower.—The term” and inserting the following:

added “(6) Whistleblower

added “(A) In general—The term”

(B)
added by adding the following new subparagraph at the end:

added “(B) Special rule—Solely for the purposes of subsection (h)(1), the term whistleblower shall also include any individual who takes an action described in subsection (h)(1)(A), or two or more individuals acting jointly who take an action described in subsection (h)(1)(A).”

(2)
added in subsection (h)(1)(A)—
(A)
added in clause (ii), by striking “or” at the end;
(B)
added in clause (iii), by striking the period at the end and inserting “; or”; and
(C)
added by adding at the end the following:

added “(iv) in providing information regarding any conduct that the whistleblower reasonably believes constitutes a violation of any law, rule, or regulation subject to the jurisdiction of the Commission to—

added “(I) a person with supervisory authority over the whistleblower at the whistleblower’s employer, where such employer is an entity registered with or required to be registered with the Commission, a self-regulatory organization, or a State securities commission or office performing like functions; or

added “(II) such other person working for the employer described under subclause (I) who has the authority to investigate, discover, or terminate misconduct.”