FAIR FUND AMENDMENTS.

SEC. 929B. FAIR FUND AMENDMENTS. Section 308 of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7246(a)) is amended—(1) by striking subsection (a) and inserting the following:“(a) Civil Penalties to Be Used for the Relief of Victims.—If, in any judicial or administrative action brought by the Commission under the securities laws, the Commission obtains a civil penalty against any person for a violation of such laws, or such person agrees, in settlement of any such action, to such civil penalty, the amount of such civil penalty shall, on the motion or at the direction of the Commission, be added to and become part of a disgorgement fund or other fund established for the benefit of the victims of such violation.”;(2) in subsection (b)—(A) by striking “for a disgorgement fund described in subsection (a)” and inserting “for a disgorgement fund or other fund described in subsection (a)”; and(B) by striking “in the disgorgement fund” and inserting “in such fund”; and(3) by striking subsection (e).