To clarify that funding for the standard setting body designated pursuant to section 19(b) of the Securities Act of 1933 is not subject to the sequester.

Bill: 114-hr-1048
Sponsor: full_name: Rep. Renacci, James B. [R-OH-16]
Introduced: 2015-02-24
Policy area: Finance and Financial Sector
Subjects: Accounting and auditing

Appropriations

Budget deficits and national debt

Financial services and investments

Securities
Latest action: action_date: 2015-02-24
text: Referred to the House Committee on the Budget.

Summaries:
action_date: 2015-02-24
action_desc: Introduced in House
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 the standard setting body designated by the Securities and Exchange Commission to establish accounting principles &quot;generally accepted&quot; for securities laws.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 1048 IN THE HOUSE OF REPRESENTATIVES February 24, 2015 Mr. Renacci (for himself and Mr. Himes ) introduced the following bill; which was 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 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 the standard setting body designated pursuant to section 19(b) of the Securities Act of 1933 ( 15 U.S.C. 77s(b) ).