datamatters24/research-document-archive huggingface dataset:
‘‘(iv) the form and manner in which
reports shall be transmitted, which may in-
clude transmission in machine readable
form.
‘‘(7) LIMITATION ON DISCLOSURE OF INFORMA-
TION.—Notwithstanding any other provision of law,
the Secretary and the Commission shall not be com-
pelled to disclose any information required to be
kept or reported under this subsection. Nothing in
this subsection shall authorize the Secretary or the
Commission to withhold information from Congress,
or prevent the Secretary or the Commission comply-
ing with a request for information from any other
Federal department or agency requesting informa-
tion for purposes within the scope of its jurisdiction,
or complying with an order of a court of the United
States in an action brought by the United States,
the Secretary, or the Commission. For purposes of
section 552 of title 5, United States Code, this sub-
section shall be considered a statute described in
subsection (b)(3)(B) of such section 552.’’.
(b) CONFORMING AMENDMENT.—Section 15C(d)(2)
of such Act is amended to read as follows:
‘‘(2) Information received by an appropriate regu-
latory agency, the Secretary, or the Commission from or
with respect to any government securities broker, govern-
ment securities dealer, any person associated with a gov-
ernment securities broker or government securities dealer,
or any other person subject to this section or rules promul-
gated thereunder, may be made available by the Secretary
or the recipient agency to the Commission, the Secretary,
the Department of Justice, the Commodity Futures Trad-
ing Commission, any appropriate regulatory agency, any
self-regulatory organization, or any Federal Reserve
Bank.’’.
SEC. 5. AUTHORITY OF THE COMMISSION TO REGULATE
TRANSACTIONS IN EXEMPTED SECURITIES.
(a) PREVENTION OF FRAUDULENT AND MANIPULA-
TIVE ACTS AND PRACTICES.—Section 15(c)(2) of the Se-
curities Exchange Act of 1934 (15 U.S.C. 78o(c)(2)) is
amended—
(1) by inserting ‘‘(A)’’ after ‘‘(2)’’;
(2) by striking ‘‘fictitious quotation, and no
municipal securities dealer’’ and inserting the follow-
ing:
‘‘fictitious quotation.
‘‘(B) No municipal securities dealer’’;
(3) by striking ‘‘fictitious quotation. The Com-
mission shall’’ and inserting the following:
‘‘fictitious quotation.
‘‘(C) No government securities broker or government
securities dealer shall make use of the mails or any means
or instrumentality of interstate commerce to effect any
transaction in, or induce or attempt to induce the pur-
chase or sale of, any government security in connection
with which such government securities broker or govern-
ment securities dealer engages in any fraudulent, decep-
tive, or manipulative act or practice, or makes any ficti-
tious quotation.
‘‘(D) The Commission shall’’; and
(4) by inserting at the end thereof the follow-
ing:
‘‘(E) The Commission shall, prior to adopting rules
or regulations under subparagraph (C), consult with and
consider the views of the Secretary of the Treasury and
the Board of Governors of the Federal Reserve System.
If the Secretary of the Treasury or the Board of Gov-
ernors of the Federal Reserve System comments in writing
on a proposed rule or regulation of the Commission under
such subparagraph (C) that has been published for com-
ment, the Commission shall respond in writing to such
written comment before adopting the proposed rule.’’.
(b) FRAUDULENT AND MANIPULATIVE DEVICES AND
CONTRIVANCES.—Section 15(c)(1) of the Securities Ex-
change Act of 1934 (15 U.S.C. 78o(c)(1)) is amended—
(1) by inserting ‘‘(A)’’ after ‘‘(c)(1)’’;
(2) by striking ‘‘contrivance, and no municipal
securities dealer’’ and inserting the following:
‘‘contrivance.
‘‘(B) No municipal securities dealer’’;
(3) by striking ‘‘contrivance. The Commission
shall’’ and inserting the following:
‘‘contrivance.
‘‘(C) No government securities broker or government
securities dealer shall make use of the mails or any means
or instrumentality of interstate commerce to effect any
transaction in, or to induce or attempt to induce the pur-
chase or sale of, any government security by means of any
manipulative, deceptive, or other fraudulent device or con-
trivance.
‘‘(D) The Commission shall’’; and
(4) by inserting at the end thereof the follow-
ing:
‘‘(E) The Commission shall, prior to adopting rules
or regulations under subparagraph (C), consult with and
consider the views of the Secretary of the Treasury and
the Board of Governors of the Federal Reserve System.
If the Secretary of the Treasury or the Board of Gov-
ernors of the Federal Reserve System comments in writing
on a proposed rule or regulation of the Commission under
such subparagraph (C) that has been published for com-
ment, the Commission shall respond in writing to such
written comment before adopting the proposed rule.’’.
SEC. 6. BROKER/DEALER SUPERVISION RESPONSIBILITIES.
Section 15 of the Securities Exchange Act of 1934
(15 U.S.C. 78o) is amended by adding at the end thereof
the following new subsection:
‘‘(h) POLICIES AND PROCEDURES TO PREVENT AND
DETECT
VIOLATIONS.—Every 
government 
securities
broker and government securities dealer shall establish,
maintain, and enforce written policies and procedures rea-
sonably designed, taking into consideration the nature of
such person’s business, to prevent and detect in connection
with the purchase or sale of government securities, insofar
as practicable, fraud and manipulation in violation of this
title and the rules and regulations thereunder and viola-
tions of such other provisions of this title and the rules
and regulations thereunder as the Commission shall des-
ignate by rule. The Commission, as it deems necessary or
appropriate in the public interest or for the protection of
investors, shall prescribe rules or regulations to require
specific policies or procedures reasonably designed to pre-
vent such violations.’’.
SEC. 7. SALES PRACTICE RULEMAKING AUTHORITY.
(a) RULES FOR FINANCIAL INSTITUTIONS.—Section
15C(b) of the Securities Exchange Act of 1934 (15 U.S.C.
78o–5(b)) is amended—
(1) by redesignating paragraphs (3), (4), (5),
and (6) as paragraphs (4), (5), (6), and (7), respec-
tively; and
(2) by inserting after paragraph (2) the follow-
ing new paragraph:
‘‘(3) SALES PRACTICE RULES.—(A) With respect to
any financial institution that has filed notice as a govern-
ment securities broker or government securities dealer or
that is required to file notice under subsection (a)(1)(B)
of this section, the appropriate regulatory agency for such
government securities broker or government securities
dealer may issue such rules with respect to transactions
in government securities as may be necessary to prevent
fraudulent and manipulative acts and practices and to pro-
mote just and equitable principles of trade.
‘‘(B) Each appropriate regulatory agency shall con-
sult with the other appropriate regulatory agencies for the
purpose of ensuring the consistency of the rules prescribed
by such agencies under this paragraph. The appropriate
regulatory agencies shall consult with and consider the
views of the Secretary and the Commission with respect
to the impact of such rules on the operations of the market
for government securities, consistency with analogous
rules of self-regulatory organizations, and the enforcement
and administration of such rules. The consultation re-
quired by this paragraph shall be conducted prior to the
appropriate regulatory agency adopting a rule under this
paragraph, unless the appropriate regulatory agency de-
termines that an emergency exists requiring expeditious
and summary action and publishes its reasons therefor.
If the Secretary or the Commission comments in writing
to the appropriate regulatory agency on a proposed rule
that has been published for comment, the appropriate reg-
ulatory agency shall respond in writing to such written
comment before adopting the rule.’’.
(b) RULES BY REGISTERED SECURITIES ASSOCIA-
TIONS.—
(1) REMOVAL
OF
LIMITATIONS
ON
AUTHOR-
ITY.—(A) Section 15A of the Securities Exchange
Act of 1934 (15 U.S.C. 78o–3) is amended—
(i) by striking subsections (f)(1) and
(f)(2); and
(ii) by redesignating subsection (f)(3) as
subsection (f).
(B) Section 15A(g) of such Act is amended—
(i) by striking ‘‘exempted securities’’ in
paragraph (3)(D) and inserting ‘‘municipal se-
curities’’;
(ii) by striking paragraph (4); and
(iii) by redesignating paragraph (5) as
paragraph (4).
(2) OVERSIGHT
OF
REGISTERED
SECURITIES
ASSOCIATIONS.—Section 19 of the Securities Ex-
change Act of 1934 (15 U.S.C. 78s) is amended—
(A) in subsection (b), by adding at the end
thereof the following new paragraph:
‘‘(5) The Commission shall consult with and consider
the views of the Secretary of the Treasury prior to approv-
ing a proposed rule change filed by a registered securities
association that primarily concerns conduct related to
transactions in government securities, except where the
Commission determines that an emergency exists requir-
ing expeditious or summary action and publishes its rea-
sons therefor. If the Secretary comments in writing to the
Commission on such proposed rule change that has been
published for comment, the Commission shall respond in
writing to such written comment before approving the pro-
posed rule change.’’;
(B) in subsection (c), by adding at the end
thereof the following new paragraph:
‘‘(5) Before adopting a rule to amend a rule of a reg-
istered securities association that primarily concerns con-
duct related to transactions in government securities, the
Commission shall consult with and consider the views of
the Secretary, except where the Commission determines
that an emergency exists requiring expeditious or sum-
mary action and publishes its reasons therefor. If the Sec-
retary comments in writing to the Commission on such
proposed rule change that has been published for com-
ment, the Commission shall respond in writing to such
written comment before approving the proposed rule
change.’’.
(3) CONFORMING AMENDMENT.—
(A) Section 3(a)(12)(B)(ii) of such Act (15
U.S.C. 78b(a)(12)(B)(ii)) is amended by strik-
ing ‘‘15, 15A (other than subsection (g)(3)),
and 17A’’ and inserting ‘‘15 and 17A’’.
(B) Section 15(b)(7) of such Act (15
U.S.C. 78o(b)(7)) is amended by inserting ‘‘or
government securities broker or government se-
curities dealer registered (or required to reg-
ister) under section 15C(a)(1)(A)’’ after ‘‘No
registered broker or dealer’’.
SEC. 8. MARKET INFORMATION.
(a) TRANSPARENCY.—The Securities Exchange Act
of 1934 is amended by adding at the end of section 11A
(15 U.S.C. 78k–1) the following:
‘‘MARKET INFORMATION WITH RESPECT TO GOVERNMENT
SECURITIES
‘‘SEC. 11B. (a) FINDINGS.—The Congress finds
that—
‘‘(1) it is necessary and appropriate for the pro-
tection of investors to assure public dissemination of
information concerning government securities trans-
actions and quotations;
‘‘(2) government securities brokers, government
securities dealers, and government securities infor-
mation systems have created substantial trans-
parency through the dissemination of information
concerning government securities transactions and
quotations and are expected to maintain and im-
prove such transparency through voluntary actions;
and
‘‘(3) if such voluntary actions do not attain the
objectives stated in subsections (b) and (c), the
Commission should have the authority, in accord-
ance with the requirements of this section, to assure
the attainment of those objectives.
‘‘(b) GOVERNMENT SECURITIES INFORMATION SYS-
TEMS.—
‘‘(1) CONDITIONAL AUTHORITY.—Upon a find-
ing by the Commission that information available to
investors generally through government securities in-
formation systems taken as a whole does not meet
the objectives set forth in paragraph (2) with respect
to a class or category of regularly traded govern-
ment securities, the Commission, having due regard
for the public interest, the protection of investors,
the maintenance of fair and orderly markets, the in-
tegrity, liquidity, and efficiency of the government
securities market, and the fostering of competition,
may prescribe rules applicable to government securi-
ties information systems to the extent necessary to
assure that government securities information sys-
tems meet the objectives set forth in paragraph (2)
with respect to such class or category of securities.
The Commission (A) shall not utilize its authority
under this paragraph to regulate the amount of fees
charged for information, and (B) shall not require
dissemination through government securities infor-
mation systems of information not transmitted by or
through government securities interdealer brokers
(or their functional equivalents).
ners, other comparable rights designed to pro-
tect dissenting limited partners, which may in-
clude the rights set forth in subparagraph (B);
‘‘(B) when the association determines it to
be necessary to the protection of such rights,
the use of a committee that is independent, as
determined in accordance with rules prescribed
by the association, of the general partner or
sponsor and that would have the authority to
protect the interest of limited partners, includ-
ing (but not limited to) the authority (but not
the obligation) to hire independent advisors to
represent all limited partners at the partner-
ship’s expense, to negotiate the proposed trans-
action with the general partner or sponsor on
behalf of the limited partners, and to make a
recommendation to the limited partners with re-
spect to the proposed transaction, but not the
authority to provide consents or authorizations
to the proposed transaction on behalf of limited
partners;
‘‘(C) the right not to have their voting
power unfairly reduced or abridged;
‘‘(D) the right not to bear an unfair por-
tion of the costs of a proposed rollup trans-
action that is rejected; and
‘‘(E) restrictions on the conversion of con-
tingent interests or fees into non-contingent in-
terests or fees and restrictions on the receipt of
a non-contingent equity interest in exchange for
fees for services which have not yet been pro-
vided.
As used in this paragraph, the term ‘dissenting lim-
ited partner’ means a holder of a beneficial interest
in a limited partnership that is the subject of a lim-
ited partnership transaction who casts a vote against
the transaction and complies with procedures estab-
lished by the association, except that for purposes of
an exchange or tender offer such term means any
person who files an objection in writing under the
rules of the association during the period during
which the offer is outstanding.’’.
(d) EFFECT ON EXISTING AUTHORITY.—The amend-
ments made by this section shall not limit the authority
of the Securities and Exchange Commission, a registered
securities association, or a national securities exchange
under any provision of the Securities Exchange Act of
1934, or preclude the Commission or such association or
exchange from imposing, under any other such provision,
a remedy or procedure required to be imposed under such
amendments.
(e) EFFECTIVE DATE.—The amendments made by
this section shall become effective 18 months after the
date of enactment of this Act and shall apply to any secu-
rity resulting from a partnership rollup transaction (as
such term is defined in section 14(h)(4) of the Securities
Exchange Act of 1934) that is issued on or after the date
of enactment of this Act.
Passed the House of Representatives, March 2,
1993.
Attest:
Clerk.
HR 617 EH——2
(f) UPDATING STANDARDS.—Section 60102 is
amended by adding at the end the following:
‘‘(l) UPDATING STANDARDS.—The Secretary
shall, to the extent appropriate and prac-
ticable, update incorporated industry stand-
ards that have been adopted as part of the
Federal pipeline safety regulatory program.’’.
SEC. 6. RISK MANAGEMENT.
Chapter 601 is further amended by adding
at the end the following new section:
‘‘§ 60127. Risk management
‘‘(a) RISK
MANAGEMENT
DEMONSTRATION
PROJECT.—The Secretary of Transportation
shall carry out a project with voluntary par-
ticipation by owners and operators of pipe-
line facilities to demonstrate applications of
risk management. The purpose of the project
shall be to evaluate the safety and cost effec-
tiveness of such applications.
‘‘(b) EXEMPTION.—During the period of the
demonstration project carried out under this
section, the Secretary may exempt owners
and operators participating in the project
from compliance with some or all of the stand-
ards and regulatory requirements that would
otherwise apply to such owners and operators
under this chapter. In addition, the Secretary
shall exempt such owners and operators from
complying with standards and regulatory re-
quirements promulgated under this chapter
during the period of such participation with
respect to facilities included in the project.
‘‘(c) REQUIREMENTS.—In carrying out the
demonstration project under this section, the
Secretary shall—
‘‘(1) invite owners and operators of
pipeline facilities to submit risk manage-
ment plans for timely approval by the
Secretary;
‘‘(2) ensure that the approved risk
management plans under the project con-
tain 
measures 
that 
are 
designed 
to
achieve an equivalent or greater overall
level of safety than would otherwise be
achieved by complying with the stand-
ards and regulatory requirements of this
chapter; and
‘‘(3) ensure that the project incor-
porates the following elements:
‘‘(A) collaborative training;
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Federal Employee Tax 
Accountability Act of 2013’’. 
SEC. 2. INELIGIBILITY OF PERSONS HAVING SERIOUSLY 
DELINQUENT TAX DEBTS FOR FEDERAL EM-
PLOYMENT. 
(a) IN GENERAL.—Chapter 73 of title 5, United 
States Code, is amended by adding at the end the fol-
lowing: 
‘‘SUBCHAPTER VIII—INELIGIBILITY OF PER-
SONS HAVING SERIOUSLY DELINQUENT 
TAX DEBTS FOR FEDERAL EMPLOYMENT 
‘‘§ 7381. Definitions 
‘‘For purposes of this subchapter— 
‘‘(1) the term ‘seriously delinquent tax debt’ 
means an outstanding debt under the Internal Rev-
enue Code of 1986 for which a notice of lien has 
been filed in public records pursuant to section 6323 
of such Code, except that such term does not in-
clude— 
‘‘(A) a debt that is being paid in a timely 
manner pursuant to an agreement under sec-
tion 6159 or section 7122 of such Code; 
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sroberts on DSK5SPTVN1PROD with BILLS
‘‘(2) OBJECTIVES.—The Commission may not
take action under paragraph (1) of this subsection
unless the Commission makes the finding required
by paragraph (1) and determines that such action is
necessary or appropriate—
‘‘(A) to assure that information on trans-
actions in and quotations for a class or category
of regularly traded government securities being
reported through government securities infor-
mation systems taken as a whole is available to
investors generally and includes—
‘‘(i) information concerning price and
volume with respect to a reasonably suffi-
cient number or proportion of transactions
in any security in such class or category to
permit the determination of the prevailing
market price for such security; and
‘‘(ii) reports of the highest bids and
lowest offers for any security in such class
or category being reported through such
systems (including the size at which gov-
ernment securities brokers and dealers are
willing to trade with respect to such bids
and offers);
104TH CONGRESS
1ST SESSION
H. R. 1691
AN ACT
To provide for innovative approaches for homeownership op-
portunity and provide for the temporary extension of
the rural rental housing program, and for other pur-
poses.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
thereunder, may be made available by the Secretary or the
recipient agency to the Commission, the Secretary, the De-
partment of Justice, the Commodity Futures Trading Com-
mission, any appropriate regulatory agency, any self-regu-
latory organization, or any Federal Reserve Bank.’’.
SEC. 11. OFFERINGS OF CERTAIN GOVERNMENT SECURI-
TIES.
Section 15(c) of the Securities Exchange Act of 1934
(15 U.S.C. 78o(c)) is amended by adding at the end the
following new paragraph:
‘‘(7) In connection with any bid for or purchase of a
government security related to an offering of government
securities by or on behalf of an issuer, no government securi-
ties broker, government securities dealer, or bidder for or
purchaser of securities in such offering shall knowingly or
willfully make any false or misleading written statement
or omit any fact necessary to make any written statement
made not misleading. For purposes of the preceding sen-
tence, the term ‘government security’ shall not include any
obligation subject to the public debt limit established in sec-
tion 3101 of title 31, United States Code.’’.
SEC. 12. RULE OF CONSTRUCTION.
(a) IN GENERAL.—No provision of, or amendment
made by, this Act may be construed—
(1) to govern the initial issuance of any public
debt obligation, or
(2) to grant any authority to (or extend any au-
thority of) the Securities and Exchange Commission,
any appropriate regulatory agency, or a self-regu-
latory organization—
(A) to prescribe any procedure, term, or
condition of such initial issuance,
(B) to promulgate any rule or regulation
governing such initial issuance, or
(C) to otherwise regulate in any manner
such initial issuance.
(b) PUBLIC DEBT OBLIGATION.—For purposes of this
section, the term ‘‘public debt obligation’’ means an obliga-
tion subject to the public debt limit established in section
3101 of title 31, United States Code.
113TH CONGRESS 
2D SESSION 
H. R. 3008 
AN ACT 
To provide for the conveyance of a small parcel of National 
Forest System land in Los Padres National Forest in 
California, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
113TH CONGRESS 
1ST SESSION 
H. R. 301 
AN ACT 
To provide for the establishment of the Special Envoy to 
Promote Religious Freedom of Religious Minorities in 
the Near East and South Central Asia. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
‘‘(III) one shall be appointed for a term ending
January 31, 1999,
as designated by the President at the time of appointment.
Such members shall be appointed after active consider-
ation of recommendations made by the chairman of the
Committee on Ways and Means of the House of Rep-
resentatives and of recommendations made by the chair-
man of the Committee on Finance of the Senate.
‘‘(iii) The President may not nominate an individual
for appointment to a term of office as member of the
Board before the commencement of the President’s term
of office in which the member’s term of office commences.
Any member appointed to a term of office after the com-
mencement of such term may serve under such appoint-
ment only for the remainder of such term. A member may,
at the request of the President, serve for not more than
one year after the expiration of his or her term until his
or her successor has taken office. A member of the Board
may be appointed for additional terms.
‘‘(C) Not more than two members of the Board shall
be of the same political party.
‘‘(D) A member of the Board may not, during his
or her term as member, otherwise serve as an officer or
employee of any government. If any member of the Board
becomes an officer or employee of any government, such