; and (ii) in subparagraph (B), by striking $10,000 and inserting $50,000 . (b) Effective date The amendments made by this section shall apply with respect to conduct that occurs after the date of the enactment of this Act. 215. Monetary sanctions to be used for the relief of victims (a) In general Section 308(a) of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7246(a) ) is amended to read as follows: (a) Monetary sanctions to be used for the relief of victims (1) In general If, in any judicial or administrative action brought by the Commission under the securities laws, the Commission obtains a monetary sanction (as defined in section 21F(a) of the Securities Exchange Act of 1934) against any person for a violation of such laws, or such person agrees, in settlement of any such action, to such monetary sanction, the amount of such monetary sanction 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) Definition of victim In this subsection, the term victim has the meaning given the term crime victim in section 3771(e) of title 18, United States Code. . (b) Monetary sanction defined Section 21F(a)(4)(A) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78u–6(a)(4)(A) ) is amended by striking ordered and inserting required . (c) Effective date The amendments made by this section apply with respect to any monetary sanction ordered or required to be paid before or after the date of enactment of this Act. 216. GAO report on use of civil money penalty authority by Commission (a) In general Not later than 2 years after the date of the enactment of this Act, the Comptroller General of the United States shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report on the use by the Commission of the authority to impose or obtain civil money penalties for violations of the securities laws