H. R. 4818—102
SECURITIES AND EXCHANGE COMMISSION
SALARIES AND EXPENSES
For necessary expenses for the Securities and Exchange
Commission, including services as authorized by 5 U.S.C. 3109,
the rental of space (to include multiple year leases) in the District
of Columbia and elsewhere, and not to exceed $3,000 for official
reception and representation expenses, $913,000,000, to remain
available until expended; of which not to exceed $10,000 may be
used toward funding a permanent secretariat for the International
Organization of Securities Commissions; and of which not to exceed
$100,000 shall be available for expenses for consultations and
meetings hosted by the Commission with foreign governmental
and other regulatory officials, members of their delegations, appro-
priate representatives and staff to exchange views concerning
developments relating to securities matters, development and
implementation of cooperation agreements concerning securities
matters and provision of technical assistance for the development
of foreign securities markets, such expenses to include necessary
logistic and administrative expenses and the expenses of Commis-
sion staff and foreign invitees in attendance at such consultations
and meetings including: (1) such incidental expenses as meals taken
in the course of such attendance; (2) any travel and transportation
to or from such meetings; and (3) any other related lodging or
subsistence: Provided, That fees and charges authorized by sections
6(b) of the Securities Exchange Act of 1933 (15 U.S.C. 77f(b)),
and 13(e), 14(g) and 31 of the Securities Exchange Act of 1934
(15 U.S.C. 78m(e), 78n(g), and 78ee), shall be credited to this
account as offsetting collections: Provided further, That not to exceed
$856,000,000 of such offsetting collections shall be available until
expended for necessary expenses of this account: Provided further,
That $57,000,000 shall be derived from prior year unobligated
balances from funds previously appropriated to the Securities and
Exchange Commission: Provided further, That the total amount
appropriated under this heading from the general fund for fiscal
year 2005 shall be reduced as such offsetting fees are received
so as to result in a final total fiscal year 2005 appropriation from
the general fund estimated at not more than $0.
Not later than May 1, 2005, the Securities and Exchange
Commission shall submit a report to the Committee on Appropria-
tions of the Senate that provides a justification for final rules
issued by the Commission on June 30, 2004 (amending title 17,
Code of Federal Regulations, Parts 239, 240, and 274), requiring
that the chair of the board of directors of a mutual fund be an
independent director: Provided, That such report shall analyze
whether mutual funds chaired by disinterested directors perform
better, have lower expenses, or have better compliance records
than mutual funds chaired by interested directors: Provided further,
That the Securities and Exchange Commission shall act upon the
recommendations of such report not later than January 1, 2006.
SMALL BUSINESS ADMINISTRATION
SALARIES AND EXPENSES
For necessary expenses, not otherwise provided for, of the Small
Business Administration as authorized by Public Law 106–554,
H. R. 4818—103
including hire of passenger motor vehicles as authorized by 31
U.S.C. 1343 and 1344, and not to exceed $3,500 for official reception
and representation expenses, $322,335,000: Provided, That the
Administrator is authorized to charge fees to cover the cost of
publications developed by the Small Business Administration, and
certain loan servicing activities: Provided further, That, notwith-
standing 31 U.S.C. 3302, revenues received from all such activities
shall be credited to this account, to be available for carrying out
these purposes without further appropriations: Provided further,
That $89,000,000 shall be available to fund grants for performance
in fiscal year 2005 or fiscal year 2006 as authorized: Provided
further, That the Small Business Administration is authorized to
award grants under the Women’s Business Center Sustainability
Pilot Program established by section 4(a) of Public Law 106–165
(15 U.S.C. 656(l)): Provided further, That, of the amounts provided
for Women’s Business Centers, not less than 48 percent shall be
available to continue Women’s Business Centers in sustainability
status.
OFFICE OF INSPECTOR GENERAL
For necessary expenses of the Office of Inspector General in
carrying out the provisions of the Inspector General Act of 1978,
$13,014,000.
SURETY BOND GUARANTEES REVOLVING FUND
For additional capital for the Surety Bond Guarantees
Revolving Fund, authorized by the Small Business Investment Act,
as amended, $2,900,000, to remain available until expended.
BUSINESS LOANS PROGRAM ACCOUNT
For the cost of direct loans, $1,455,000, to remain available
until expended: Provided, That such costs, including the cost of
modifying such loans, shall be as defined in section 502 of the
Congressional Budget Act of 1974: Provided further, That subject
to section 502 of the Congressional Budget Act of 1974, during
fiscal year 2005 commitments to guarantee loans under section
503 of the Small Business Investment Act of 1958, shall not exceed
$5,000,000,000: Provided further, That subsection 503(f) of the
Small Business Investment Act of 1958 (15 U.S.C. 697(f)), as
amended by section 2 of Public Law 108–217, is further amended
by striking ‘‘October 1, 2004’’ and inserting ‘‘October 1, 2005’’:
Provided further, That during fiscal year 2005 commitments for
general business loans authorized under section 7(a) of the Small
Business Act, shall not exceed $16,000,000,000: Provided further,
That during fiscal year 2005 commitments to guarantee loans for
debentures and participating securities under section 303(b) of the
Small Business Investment Act of 1958, shall not exceed the levels
established by section 20(i)(1)(C) of the Small Business Act: Pro-
vided further, That during fiscal year 2005 guarantees of trust
certificates authorized by section 5(g) of the Small Business Act
shall not exceed a principal amount of $10,000,000,000.
In addition, for administrative expenses to carry out the direct
and guaranteed loan programs, $126,653,000, which may be trans-
ferred to and merged with the appropriations for Salaries and
Expenses.
H. R. 4818—104
DISASTER LOANS PROGRAM ACCOUNT
For administrative expenses to carry out the direct loan pro-
gram authorized by section 7(b), of the Small Business Act,
$113,159,000, which may be transferred to and merged with appro-
priations for Salaries and Expenses, of which $500,000 is for the
Office of Inspector General of the Small Business Administration
for audits and reviews of disaster loans and the disaster loan
program and shall be transferred to and merged with appropriations
for the Office of Inspector General; of which $104,409,000 is for
direct administrative expenses of loan making and servicing to
carry out the direct loan program, to remain available until
expended; and of which $8,250,000 is for indirect administrative
expenses: Provided, That any amount in excess of $8,250,000 to
be transferred to and merged with appropriations for Salaries and
Expenses for indirect administrative expenses shall be treated as
a reprogramming of funds under section 605 of this Act and shall
not be available for obligation or expenditure except in compliance
with the procedures set forth in that section.
ADMINISTRATIVE PROVISION—SMALL BUSINESS ADMINISTRATION
Not to exceed 5 percent of any appropriation made available
for the current fiscal year for the Small Business Administration
in this Act may be transferred between such appropriations, but
no such appropriation shall be increased by more than 10 percent
by any such transfers: Provided, That any transfer pursuant to
this paragraph shall be treated as a reprogramming of funds under
section 605 of this Act and shall not be available for obligation
or expenditure except in compliance with the procedures set forth
in that section.
STATE JUSTICE INSTITUTE
SALARIES AND EXPENSES
For necessary expenses of the State Justice Institute, as author-
ized by the State Justice Institute Authorization Act of 1992 (Public
Law 102–572), $2,613,000: Provided, That not to exceed $2,500
shall be available for official reception and representation expenses.
UNITED STATES-CHINA ECONOMIC AND SECURITY REVIEW
COMMISSION
SALARIES AND EXPENSES
For necessary expenses of the United States-China Economic
and Security Review Commission, $3,000,000, including not more
than $5,000 for the purpose of official representation, to remain
available until expended.
UNITED STATES INSTITUTE OF PEACE
OPERATING EXPENSES
For necessary expenses of the United States Institute of Peace
as authorized in the United States Institute of Peace Act,
$23,000,000: Provided, That $1,500,000 is for necessary expenses
for the Task Force on the United Nations: Provided further, That