Abstract

http://ssrn.com/abstract=1844586
 


 



Legislative Proposals to Address the Negative Consequences of the Dodd-Frank Whistleblower Provisions: Written Testimony Submitted to the U.S. House Committee on Financial Services, Subcommittee on Capital Markets and Government Sponsored Enterprises


Geoffrey Christopher Rapp


University of Toledo College of Law

May 11, 2011

University of Toledo Legal Studies Research Paper No. 2011-02

Abstract:     
The author testified at a U.S. House Committee on Financial Services, Subcommittee on Capital Markets and Government Sponsored Enterprises hearing on May 11, 2011. The hearing explored a discussion draft of legislation which would modify the whistleblower bounty provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The author's testimony suggested that the proposed reforms, which included a requirement of internal reporting to preserve a whistleblower's bounty eligibility, a change from mandatory to discretionary bounties, and a prohibition on contingency fees, would dull the incentives Dodd-Frank's bounty provision was meant to foster.

Number of Pages in PDF File: 7

Keywords: whistleblowers, Dodd-Frank, financial services, testimony, bounties

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Date posted: May 18, 2011 ; Last revised: September 28, 2011

Suggested Citation

Rapp, Geoffrey Christopher, Legislative Proposals to Address the Negative Consequences of the Dodd-Frank Whistleblower Provisions: Written Testimony Submitted to the U.S. House Committee on Financial Services, Subcommittee on Capital Markets and Government Sponsored Enterprises (May 11, 2011). University of Toledo Legal Studies Research Paper No. 2011-02. Available at SSRN: http://ssrn.com/abstract=1844586 or http://dx.doi.org/10.2139/ssrn.1844586

Contact Information

Geoffrey Christopher Rapp (Contact Author)
University of Toledo College of Law ( email )
2801 W. Bancroft Street
Toledo, OH 43606
United States
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