A bill to clarify that funding for the standard setting body designated pursuant to section 19(b) of the Securities Act of 1933, the Securities Investor Protection Corporation, and the Public Company Accounting Oversight Board is not subject to the sequester.

Bill: 113-s-1780
Sponsor: full_name: Sen. Enzi, Michael B. [R-WY]
Introduced: 2013-12-09
Policy area: Finance and Financial Sector
Subjects: Accounting and auditing

Appropriations

Budget deficits and national debt

Corporate finance and management

Financial services and investments

Securities
Latest action: action_date: 2013-12-09
text: Read twice and referred to the Committee on the Budget.

Summaries:
action_date: 2013-12-09
action_desc: Introduced in Senate
text: <p>Makes any sequestration ordered by the President under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) inapplicable to funding of:</p> <ul> <li>the standard setting body designated by the Security Exchange Commission (SEC) (which establishes accounting principles &quot;generally accepted&quot; for securities laws),</li> <li>the Securities Investor Protection Corporation, or </li> <li>the Public Company Accounting Oversight Board.</li> </ul>

tv_txt: II 113th CONGRESS 1st Session S. 1780 IN THE SENATE OF THE UNITED STATES December 9, 2013 Mr. Enzi (for himself and Mr. Murphy ) introduced the following bill; which was read twice and referred to the Committee on the Budget A BILL To clarify that funding for the standard setting body designated pursuant to section 19(b) of the Securities Act of 1933, the Securities Investor Protection Corporation, and the Public Company Accounting Oversight Board is not subject to the sequester.

1. Clarification Section 251A of the Balanced Budget and Emergency Deficit Control Act of 1985 ( 2 U.S.C. 901a ) does not apply with respect to the funding of— (1) the standard setting body designated pursuant to section 19(b) of the Securities Act of 1933 ( 15 U.S.C. 77s(b) ); (2) the Securities Investor Protection Corporation; or (3) the Public Company Accounting Oversight Board.