H. R. 4818—460
an issuer of a security registered pursuant to section 12. Notwith-
standing the preceding sentence, the Tennessee Valley Authority
shall not be required to register any securities under this title,
and shall not be deemed to have registered any securities under
this title.
‘‘(b) LIMITED TREATMENT AS ISSUER.—Commencing with the
issuance by the Tennessee Valley Authority of an annual report
on Commission Form 10–K (or any successor thereto) for fiscal
year 2006 and thereafter, the Tennessee Valley Authority shall
be deemed to be an issuer for purposes of section 10A, other than
for subsection (m)(1) or (m)(3) of section 10A. The Tennessee Valley
Authority shall not be required by this subsection to comply with
the rules issued by any national securities exchange or national
securities association in response to rules issued by the Commission
pursuant to section 10A(m)(1).
‘‘(c) NO EFFECT ON TVA AUTHORITY.—Nothing in this section
shall be construed to diminish, impair, or otherwise affect the
authority of the Board of Directors of the Tennessee Valley
Authority to carry out its statutory functions under the Tennessee
Valley Authority Act of 1933.’’.
SEC. 521. Section 307 of the Denali Commission Act of 1998
(42 U.S.C. 3121 note) is amended by adding at the end the following
new subsection:
‘‘(e) DOCKS, WATERFRONT TRANSPORTATION DEVELOPMENT, AND
RELATED INFRASTRUCTURE PROJECTS.—The Secretary of Transpor-
tation is authorized to make direct lump sum payments to the
Commission to construct docks, waterfront development projects,
and related transportation infrastructure, provided the local
community provides a ten percent non-Federal match in the form
of any necessary land or planning and design funds. To carry
out this section, there is authorized to be appropriated such sums
as may be necessary.’’.
SEC. 522. (a) PRIVACY OFFICER.—Each agency shall have a
Chief Privacy Officer to assume primary responsibility for privacy
and data protection policy, including—
(1) assuring that the use of technologies sustain, and do
not erode, privacy protections relating to the use, collection,
and disclosure of information in an identifiable form;
(2) assuring that technologies used to collect, use, store,
and disclose information in identifiable form allow for contin-
uous auditing of compliance with stated privacy policies and
practices governing the collection, use and distribution of
information in the operation of the program;
(3) assuring that personal information contained in Privacy
Act systems of records is handled in full compliance with fair
information practices as defined in the Privacy Act of 1974;
(4) evaluating legislative and regulatory proposals involving
collection, use, and disclosure of personal information by the
Federal Government;
(5) conducting a privacy impact assessment of proposed
rules of the Department on the privacy of information in an
identifiable form, including the type of personally identifiable
information collected and the number of people affected;
(6) preparing a report to Congress on an annual basis
on activities of the Department that affect privacy, including
complaints of privacy violations, implementation of section 552a