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Union Calendar No. 248
107TH CONGRESS
2D SESSION
H. R. 3764
[Report No. 107–415]
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
APRIL 22, 2002
Additional sponsors: Mr. SHAYS and Mr. MALONEY of Connecticut
APRIL 22, 2002
Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed in italic]
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 than $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.
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Securities and Exchange
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 appro-
priated to the Securities and Exchange Commission, there
are authorized to be appropriated to carry out the func-
tions, powers, and duties of the Commission, $776,000,000
for fiscal year 2003, of which—
(1) not less than $134,000,000 shall be available
for the Division of Corporate Finance and for the Of-
fice of Chief Accountant;
(2) not less than $326,000,000 shall be available
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 annual
review of the annual financial statements contained in the
most recent periodic disclosures filed with the Commission
by the largest 500 reporting issuers, as determined by mar-
ket capitalization and by other factors as the Commission
shall determine.
Union Calendar No. 248
107TH CONGRESS
2D SESSION
H. R. 3764
[Report No. 107–415]
A BILL
To authorize appropriations for the Securities and
Exchange Commission.
APRIL 22, 2002
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union,
and ordered to be printed