Corporate Asset Protection Act of 2002 - Amends the Securities Exchange Act of 1934 to prohibit a reporting issuer (registrant on a national securities exchange) from offering or providing a loan to an insider unless: (1) the issuer is a financial institution; and (2) the terms are not substantially more advantageous than those offered to non-insiders. Prescribes civil penalties for violation of such prohibition.
Actions
Apr 29, 2002
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Apr 9, 2002
Referred to the House Committee on Financial Services.