datamatters24/research-document-archive huggingface dataset:
(b) ANNUAL REPORTS REQUIRED.—The Securities
and Exchange Commission shall report to the Committee
on Financial Services of the House of Representatives and
the Committee on Banking, Housing, and Urban Affairs
of the Senate on an annual basis on its compliance with
these requirements.
SEC. 9. REVIEW OF CORPORATE GOVERNANCE PRACTICES.
(a) STUDY OF CORPORATE PRACTICES.—The Presi-
dent’s Working Group on Financial Markets shall conduct
a study and review of current corporate governance stand-
ards and practices to determine whether such standards
and practices are serving the best interests of share-
holders. Such study and review shall include an analysis
of—
(1) whether current standards and practices
promote full disclosure of relevant information to
shareholders;
(2) whether corporate codes of ethics are ade-
quate to protect shareholders, and to what extent
deviations from such codes are tolerated;
(3) to what extent conflicts of interests are ag-
gressively reviewed, and whether adequate means for
redressing such conflicts exist;
(4) to what extent sufficient legal protections
exist to ensure that any manager who attempts to
reasons, including any pertinent facts, for com-
mencing such proposed rulemaking.
(2) The Commission shall give interested persons
an opportunity for the oral presentation of data,
views, and arguments, in addition to an opportunity
to make written submissions. A transcript shall be
kept of any oral presentation.
(3) A rule adopted pursuant to this subsection
shall incorporate the text of the amendment to the
rules of the recognized public regulatory organization
and a statement of the Commission’s basis for and
purpose in so amending such rules. This statement
shall include an identification of any facts on which
the Commission considers its determination so to
amend the rules of the recognized public regulatory
agency to be based, including the reasons for the Com-
mission’s conclusions as to any of such facts which
were disputed in the rulemaking.
(4)(A) Except as provided in paragraphs (1)
through (3) of this subsection, rulemaking under this
subsection shall be in accordance with the procedures
specified in section 553 of title 5, United States Code,
for rulemaking not on the record.
(B) Nothing in this subsection shall be construed
to impair or limit the Commission’s power to make,
the purposes of this Act. Commission action pur-
suant to the preceding sentence shall not affect
the validity or force of the rule change during
the period it was in effect, shall not be subject
to court review, and shall not be deemed to be
‘‘final agency action’’ for purposes of section 704
of title 5, United States Code.
(h) COMMISSION ACTION TO CHANGE RULES.—The
Commission, by rule, may abrogate, add to, and delete from
(hereinafter in this subsection collectively referred to as
‘‘amend’’) the rules of a recognized public regulatory orga-
nization as the Commission deems necessary or appropriate
to insure the fair administration of the recognized public
regulatory organization, to conform its rules to require-
ments of this Act, the securities laws, and the rules and
regulations thereunder applicable to such organization, or
otherwise in furtherance of the purposes of this Act, in the
following manner:
(1) The Commission shall notify the recognized
public regulatory organization and publish notice of
the proposed rulemaking in the Federal Register. The
notice shall include the text of the proposed amend-
ment to the rules of the recognized public regulatory
organization and a statement of the Commission’s
HR 3763 RFS
(7) RECOGNIZED PUBLIC REGULATORY ORGANI-
ZATION.—The term ‘‘recognized public regulatory
organization’’ means a public regulatory organiza-
tion that the Commission has recognized as meeting
the criteria established by the Commission under
subsection (b) of section 2.
(8) SECURITIES LAWS.—The term ‘‘securities
laws’’ means the Securities Act of 1933 (15 U.S.C.
77a et seq.), the Securities Exchange Act of 1934
(15 U.S.C. 78a et seq.), the Trust Indenture Act of
1939 (15 U.S.C. 77aaa et seq.), the Investment
Company Act of 1940 (15 U.S.C. 80a–1 et seq.), the
Investment Advisers Act of 1940 (15 U.S.C. 80b et
seq.), and the Securities Investor Protection Act of
1970 (15 U.S.C. 78aaa et seq.), notwithstanding
any contrary provision of any such Act.
Passed the House of Representatives April 24, 2002.
Attest:
JEFF TRANDAHL,
Clerk.
ees are not in any manner compensated, di-
rectly or indirectly, by the national insurer.
(E) An employee of a national insurer or
an organization employed by a national insurer
that is engaging in the inspection, rating or
classification of risks, or in the supervision of
the training of insurance producers and that is
not individually engaged in the sale, solicitation
or negotiation of insurance.
(F) A person whose activities are limited
to advertising without the intent to solicit in-
surance through communications in printed
publications or other forms of electronic mass
media, provided that the person does not sell,
solicit or negotiate insurance.
(G) A salaried full-time employee who
counsels or advises his or her employer relative
to the insurance interests of the employer or of
the subsidiaries or business affiliates of the em-
ployer provided that the employee does not sell
or solicit insurance or receive a commission or
other compensation directly dependent upon the
amount of insurance policies written or sold.
(H) A person that sells, solicits or nego-
tiates a funding agreement.
107TH CONGRESS
2D SESSION
H. R. 3764
AN ACT
To authorize appropriations for the Securities and
Exchange Commission.
107TH CONGRESS
2D SESSION
H. R. 3764
AN ACT
To authorize appropriations for the Securities and Exchange
Commission.
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 ‘‘Securities and Ex-
change Commission Authorization Act of 2002’’.
SEC. 2. AUTHORIZATION OF APPROPRIATIONS OF THE SE-
CURITIES AND EXCHANGE COMMISSION.
In addition to any other funds authorized to be ap-
propriated to the Securities and Exchange Commission,
there are authorized to be appropriated to carry out the
functions, powers, and duties of the Commission,
$776,000,000 for fiscal year 2003, of which—
(1) not less than $134,000,000 shall be avail-
able for the Division of Corporate Finance and for
the Office of Chief Accountant;
(2) not less than $326,000,000 shall be avail-
able for the Division of Enforcement; and
(3) not less than $76,000,000 shall be available
to implement section 8 of the Investor and Capital
Markets Fee Relief Act, relating to pay com-
parability.
SEC. 3. SENSE OF THE CONGRESS.
It is the sense of the Congress that the Securities
and Exchange Commission should conduct a thorough an-
nual review of the annual financial statements contained
in the most recent periodic disclosures filed with the Com-
mission by the largest 500 reporting issuers, as deter-
mined by market capitalization and by other factors as
the Commission shall determine.
Passed the House of Representatives June 26, 2002.
Attest:
Clerk.
I
107TH CONGRESS
2D SESSION
H. R. 3764
To authorize appropriations for the Securities and Exchange Commission.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 14, 2002
Mr. OXLEY (for himself, Mr. BAKER, Mr. BOEHNER, Mrs. ROUKEMA, Mr. BE-
REUTER, Mr. BACHUS, Mrs. KELLY, Mr. CASTLE, Mr. NEY, Mr.
GILLMOR, Mr. COX, Mr. LATOURETTE, Mr. MANZULLO, Mr. JONES of
North Carolina, Mr. OSE, Mr. GREEN of Wisconsin, Mr. SHADEGG, Mr.
FOSSELLA, Mr. CANTOR, Ms. HART, Mr. FERGUSON, Mr. ROGERS of
Michigan, and Mr. TIBERI) introduced the following bill; which was re-
ferred to the Committee on Financial Services
A BILL
To authorize appropriations for the Securities and Exchange
Commission.
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 ‘‘Securities and Ex-
change Commission Authorization Act of 2002’’.
SECTION 2. AUTHORIZATION OF APPROPRIATIONS OF THE
SECURITIES AND EXCHANGE COMMISSION.
In addition to any other funds authorized to be ap-
propriated to the Securities and Exchange Commission,
there are authorized to be appropriated to carry out the
functions, powers, and duties of the Commission,
$700,000,000 for fiscal year 2003, of which—
(1) not less that $134,000,000 shall be avail-
able for the Division of Corporate Finance; and
(2) not less than $326,000,000 shall be avail-
able for the Division of Enforcement.
Æ
IIB
107TH CONGRESS
2D SESSION
H. R. 3764
IN THE SENATE OF THE UNITED STATES
JUNE 27, 2002
Received; read twice and referred to the Committee on Banking, Housing, and
Urban Affairs
AN ACT
To authorize appropriations for the Securities and Exchange
Commission.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
HR 3764 RFS
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Securities and Ex-
change Commission Authorization Act of 2002’’.
SEC. 2. AUTHORIZATION OF APPROPRIATIONS OF THE SE-
CURITIES AND EXCHANGE COMMISSION.
In addition to any other funds authorized to be ap-
propriated to the Securities and Exchange Commission,
there are authorized to be appropriated to carry out the
functions, powers, and duties of the Commission,
$776,000,000 for fiscal year 2003, of which—
(1) not less than $134,000,000 shall be avail-
able for the Division of Corporate Finance and for
the Office of Chief Accountant;
(2) not less than $326,000,000 shall be avail-
able for the Division of Enforcement; and
(3) not less than $76,000,000 shall be available
to implement section 8 of the Investor and Capital
Markets Fee Relief Act, relating to pay com-
parability.
SEC. 3. SENSE OF THE CONGRESS.
It is the sense of the Congress that the Securities
and Exchange Commission should conduct a thorough an-
nual review of the annual financial statements contained
in the most recent periodic disclosures filed with the Com-
mission by the largest 500 reporting issuers, as deter-
HR 3764 RFS
mined by market capitalization and by other factors as
the Commission shall determine.
Passed the House of Representatives June 26, 2002.
Attest:
JEFF TRANDAHL,
Clerk.
I
107TH CONGRESS
2D SESSION
H. R. 3765
To designate the John L. Burton Trail in the Headwaters Forest Reserve,
California.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 14, 2002
Mr. GEORGE MILLER of California (for himself, Mr. THOMPSON of California,
Ms. PELOSI, Ms. ESHOO, Mr. HONDA, Ms. LEE, Mr. MATSUI, Mr.
SCHIFF, Ms. WOOLSEY, Mr. SHERMAN, Mrs. CAPPS, Mr. FARR of Cali-
fornia, and Mr. LANTOS) introduced the following bill; which was referred
to the Committee on Resources
A BILL
To designate the John L. Burton Trail in the Headwaters
Forest Reserve, California.
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 ‘‘John L. Burton Trail
Act’’.
SEC. 2. DESIGNATION OF JOHN L. BURTON TRAIL.
Any trail authorized by the final management plan
under section 501(i) of Public Law 105–33 (111 Stat.
1613) for Headwaters Forest Reserve, California, that is
constructed to provide access to the southern end of the
Headwaters Grove near the existing Salmon Trailhead
shall be known as the John L. Burton Trail.
Æ
IB 
House Calendar No. 221
107TH CONGRESS 
2D SESSION 
H. R. 3765
[Report No. 107–699] 
To designate the John L. Burton Trail in the Headwaters Forest Reserve, 
California. 
IN THE HOUSE OF REPRESENTATIVES 
FEBRUARY 14, 2002
Mr. GEORGE MILLER of California (for himself, Mr. THOMPSON of California, 
Ms. PELOSI, Ms. ESHOO, Mr. HONDA, Ms. LEE, Mr. MATSUI, Mr. 
SCHIFF, Ms. WOOLSEY, Mr. SHERMAN, Mrs. CAPPS, Mr. FARR of Cali-
fornia, and Mr. LANTOS) introduced the following bill; which was referred 
to the Committee on Resources 
SEPTEMBER 26, 2002
Additional sponsor: Mr. WAXMAN 
SEPTEMBER 26, 2002
Referred to the House Calendar and ordered to be printed 
A BILL 
To designate the John L. Burton Trail in the Headwaters 
Forest Reserve, California.
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 ‘‘John L. Burton Trail 
Act’’. 
SEC. 2. DESIGNATION OF JOHN L. BURTON TRAIL. 
Any trail authorized by the final management plan 
under section 501(i) of Public Law 105–33 (111 Stat. 
1613) for Headwaters Forest Reserve, California, that is 
constructed to provide access to the southern end of the 
Headwaters Grove near the existing Salmon Trailhead 
shall be known as the John L. Burton Trail.
SEC. 113. DATA COLLECTION AND REPORTING. 
(a) CONTENTS OF REPORT.—Section 411(a)(1)(A) 
(42 U.S.C. 611(a)(1)(A)) is amended—
(1) in the matter preceding clause (i), by insert-
ing ‘‘and on families receiving assistance under 
State programs funded with other qualified State ex-
penditures (as defined in section 409(a)(7)(B))’’ be-
fore the colon; 
(2) in clause (vii), by inserting ‘‘and minor par-
ent’’ after ‘‘of each adult’’; 
(3) in clause (viii), by striking ‘‘and educational 
level’’; 
(4) in clause (ix), by striking ‘‘, and if the lat-
ter 2, the amount received’’; 
(5) in clause (x)—
(A) by striking ‘‘each type of’’; and 
(B) by inserting before the period ‘‘and, if 
applicable, the reason for receipt of the assist-
ance for a total of more than 60 months’’; 
(6) in clause (xi), by striking the subclauses 
and inserting the following: 
‘‘(I) Subsidized private sector 
employment. 
‘‘(II) Unsubsidized employment.
(10) The term ‘‘field-initiated research’’ means
basic research or applied research in which specific
questions and methods of study are generated by in-
vestigators (including teachers and other practi-
tioners) and that conforms to standards of scientif-
ically valid research.
(11) The term ‘‘institution of higher education’’
has the meaning given that term in section 101(a) of
the Higher Education Act of 1965 (20 U.S.C.
1001(a)).
(12) The term ‘‘national research and develop-
ment center’’ means a research and development cen-
ter under section 931(c)(1)(B) of the Education Re-
search, Development, Dissemination, and Improve-
ment Act of 1994 (20 U.S.C. 6031(c)(1)(B)) (as such
provision existed on the day before the date of enact-
ment of this Act).
(13)(A) The term ‘‘scientifically based research
standards’’ means research standards that—
(i) apply rigorous, systematic, and objective
methodology to obtain reliable and valid knowl-
edge relevant to education activities and pro-
grams; and
(c) PLAN FOR WINDING UP AFFAIRS.—Not later
than the effective date specified in section 109(a), the
President shall submit to the Congress a plan for winding
up the affairs of the Agency in accordance with this Act
and not by later than the termination date under sub-
section (d).
(d) TERMINATION DATE.—The termination date
under this subsection is the date that is 3 years after the
date of the enactment of this Act.
SEC. 107. GAO REPORT.
Not later than 180 days after the date of enactment
of this Act, the Comptroller General of the United States
shall submit to the Congress a report which shall include
recommendations for the most efficient means of achiev-
ing, in accordance with this Act—
(1) the complete abolishment of the Depart-
ment of Energy; and
(2) the termination or transfer or other con-
tinuation of the functions of the Department of En-
ergy.
SEC. 108. CONFORMING AMENDMENTS.
(a) PRESIDENTIAL SUCCESSION.—Section 19(d)(1)
of title 3, United States Code, is amended by striking
‘‘Secretary of Energy,’’.
I
107TH CONGRESS
2D SESSION
H. R. 3767
To amend section 11 of the Housing Opportunity Program Extension Act
of 1996 to facilitate the use of certain assistance made available for
self-help housing providers.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 14, 2002
Ms. VELA´ZQUEZ introduced the following bill; which was referred to the
Committee on Financial Services
A BILL
To amend section 11 of the Housing Opportunity Program
Extension Act of 1996 to facilitate the use of certain
assistance made available for self-help housing providers.
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 ‘‘Shop Grant Extension
Act’’.
SEC. 2. ASSISTANCE FOR SELF-HELP HOUSING PROVIDERS.
Section 11 of the Housing Opportunity Program Ex-
tension Act of 1996 (42 U.S.C. 12805 note) is amended—
(1) in subsection (i)(5), by inserting before the
semicolon the following: ‘‘, and that such period
shall be 48 months in the case of grant amounts
from amounts made available for fiscal year 1998 to
carry out this section’’; and
(2) in subsection (j), by inserting after ‘‘36
months’’ the following: ‘‘, or, in the case of grant
amounts from amounts made available for fiscal
year 1998 to carry out this section, within 48
months’’.
Æ
I
107TH CONGRESS
2D SESSION
H. R. 3769
To require disclosure of the sale of securities by an officer, director, affiliate,
or principal shareholder of an issuer of the securities of such issuer
to be made available to the Commission and to the public in electronic
form, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 14, 2002
Mr. BENTSEN introduced the following bill; which was referred to the
Committee on Financial Services
A BILL
To require disclosure of the sale of securities by an officer,
director, affiliate, or principal shareholder of an issuer
of the securities of such issuer to be made available
to the Commission and to the public in electronic form,
and for other purposes.
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 ‘‘Insider Trading Full
Disclosure Act of 2002’’.
SEC. 2. ELECTRONIC DISCLOSURE OF AFFILIATE TRANS-
ACTIONS.
(a) IN GENERAL.—Except as specifically provided in
this Act, and notwithstanding any other provision of law,
any disclosure required by the securities laws or the rules
or regulations thereunder of the sale of any securities by
an officer or director or other affiliated person of the
issuer of those securities shall be made available in elec-
tronic form—
(1) to the Commission by the affiliated person,
before the end of the calendar day immediately fol-
lowing the calendar day on which the transaction oc-
curs;
(2) to the public by the Commission, upon re-
ceipt, but in no case later than the end of the next
business day following the calendar day on which the
disclosure is received under paragraph (1); and
(3) in any case in which the issuer maintains a
corporate website that is accessible only internally,
on that internal website, before the end of the cal-
endar day immediately following the calendar day on
which the transaction occurs.
(b) OTHER FORMATS.—The requirement of disclo-
sures in electronic form under subsection (a) shall not be
in lieu of any other format required for such disclosures,
and the disclosure in electronic form required by sub-
section (a)(1) shall be followed, within 7 calendar days,
by a disclosure on paper.
(c) INCORPORATED DEFINITIONS.—In this Act, the
terms ‘‘affiliated person’’, ‘‘Commission’’, ‘‘issuer’’, and
‘‘securities’’ have the same meanings as in section 3 of
the Securities Exchange Act of 1934.
(d) OTHER DEFINITIONS.—In this Act—
(1) the term ‘‘sale’’ includes a sale to the issuer
of the securities; and
(2) the term ‘‘securities laws’’ means the Secu-
rities Act of 1933 (15 U.S.C. 78a et seq.), the Secu-
rities Exchange Act of 1934 (15 U.S.C. 78a et seq.),
the Trust Indenture Act of 1939 (15 U.S.C. 77aaa
et seq.), the Investment Company Act of 1940 (15
U.S.C. 80a–1 et seq.), the Investment Advisers Act
of 1940 (15 U.S.C. 80b et seq.), and the Securities
Investor Protection Act of 1970 (15 U.S.C. 78aaa et
seq.).
SEC. 3. EFFECTIVE DATE.
This Act shall become effective 90 days after the date
of enactment of this Act.
Æ
Sec. 192. Rulemaking.
Sec. 193. Authorization of appropriations.
TITLE II—REGIONAL EDUCATIONAL APPLIED RESEARCH AND
TECHNICAL ASSISTANCE
Sec. 201. Short title.
Sec. 202. Regional educational applied research and technical assistance enti-
ties.
Sec. 203. Regional advisory committees.
Sec. 204. Priorities and evaluations.
Sec. 205. Authorization of appropriations.
Sec. 206. General provisions.
TITLE III—NATIONAL ASSESSMENT OF EDUCATIONAL PROGRESS
Sec. 301. Short title.
Sec. 302. Definitions.
Sec. 303. Authorization of appropriations.
TITLE IV—AMENDATORY PROVISIONS
Sec. 401. Redesignations.
Sec. 402. Amendments to department of education organization act.
Sec. 403. Repeals.
Sec. 404. Conforming and technical amendments.
Sec. 405. Effective date.
Sec. 406. Severability.
Sec. 407. Orderly transition.
TITLE I—EDUCATION SCIENCES
REFORM
SEC. 101. SHORT TITLE.
This title may be cited as the ‘‘Education Sciences
Reform Act of 2002’’.
PART A—ACADEMY OF EDUCATION
SCIENCES
SEC. 111. ESTABLISHMENT.
(a) ESTABLISHMENT.—There shall be in the Depart-
ment an Academy of Education Sciences, to be adminis-
tered by a Director (as provided in section 115) and a
board of directors (as provided in section 117).
‘‘(1) IN GENERAL.—A loan meets the require-
ments of this subsection if it is made to a
mortgagor—
‘‘(A) whose household income for the year
in which the mortgagor applies for the loan is
80 percent or less of the area median gross
household income for the area in which the resi-
dence which secures the mortgage is located, or
‘‘(B) who is buying a home or duplex for
owner-occupancy in a census tract targeted for
reinvestment and redevelopment by the Depart-
ment of Housing and Urban Development, re-
gardless of household income,
‘‘(C) for whom the monthly housing ex-
pense-to-income ratio with respect to a market-
rate single-family mortgage would exceed 28
percent,
‘‘(D) but for whom a qualified home at last
loan would not result in a monthly housing ex-
pense-to-income ratio greater than 33 percent
at the time of closing,
‘‘(E) who has not owned a home within the
three years prior to the date of applying for a
qualified home at last loan, and
I
107TH CONGRESS
2D SESSION
H. R. 3771
To amend title 38, United States Code, to provide that monetary benefits
paid to veterans by States and municipalities shall be excluded from
consideration as income for purposes of pension benefits paid by the
Secretary of Veterans Affairs.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 14, 2002
Mr. CROWLEY introduced the following bill; which was referred to the
Committee on Veterans’ Affairs
A BILL
To amend title 38, United States Code, to provide that
monetary benefits paid to veterans by States and munici-
palities shall be excluded from consideration as income
for purposes of pension benefits paid by the Secretary
of Veterans Affairs.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. EXCLUSION OF CERTAIN AMOUNTS FROM CON-
SIDERATION AS INCOME FOR PURPOSES OF
VETERANS PENSION BENEFITS.
(a) EXCLUSION.—Section 1503(a) of title 38, United
States Code, is amended—
(1) by striking ‘‘and’’ at the end of paragraph
(9);
(2) by redesignating paragraph (10) as para-
graph (11); and
(3) by inserting after paragraph (9) the fol-
lowing new paragraph (10):
‘‘(10) payment of a monetary amount to a vet-
eran from a State or municipality that is paid as a
veterans’ benefit; and’’.
(b) EFFECTIVE DATE.—The amendments made by
subsection (a) shall apply with respect to determinations
of income for calendar years beginning after the date of
the enactment of this Act.
Æ