A bill to amend title 13, United States Code, to transfer responsibility for the quarterly financial report from the Federal Trade Commission to the Secretary of Commerce, and for other purposes.
PL 97-454 (H.R.7410), enacted 01/12/1983

96 STAT. 2494 
PUBLIC LAW 97-454—JAN. 12, 1983 
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Public Law 97-454 
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97th Congress 
An Act 
Jan 12 1983 
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^ amend title 13, United States Code, to transfer responsibility for the quarterly 
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financial report from the Federal Trade Commission to the Secretary of Commerce, 
[H.R. 7410] 
and for other purposes. 
Be it enacted by the Senate and House of Representatives of the 
Quarterly 
United States of America in Congress assembled, That (a) chapter 3 
transfe? '"^^'"^' 
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® ^^' United States Code, is amended— 
13 use 101. 
(1) by redesignating subchapter III as subchapter IV; and 
(2) by inserting after subchapter II the following: 
"SUBCHAPTER HI—QUARTERLY FINANCIAL STATISTICS 
13 use 91. 
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§ 91. Collection and publication 
"(a) The Secretary shall collect and publish quarterly financial 
statistics of business operations, organization, practices, manage-
ment, and relation to other businesses, including data on sales, 
expenses, profits, assets, liabilities, stockholders' equity, and related 
accounts generally used by businesses in income statements, balance 
sheets, and other measures of financial condition. 
"(b) Except to the extent determined otherwise by the Secretary 
on the basis of changed circumstances, the nature of statistics 
collected and published under this section, and the manner of the 
collection and publication of such statistics, shall conform to the 
quarterly financial reporting program carried out by the Federal 
Trade Commission before the effective date of this section under 
15 use 46. 
section 60)) of the Federal Trade Commission Act. 
"(c) For purposes of section 6103(jXl) of the Internal Revenue Code 
of 1954, the conducting of the quarterly financial report progreun 
under this section shall be considered as the conducting of a related 
statistical activity authorized by law.". 
(b) The table of contents of chapter 3 of title 13, United States 
Code, is amended by striking out "111" in the item relating to 
subchapter III, and inserting IV" in lieu thereof, and by inserting 
after the item relating to subchapter 11 the following: 
"SUBCHAPTER m—QUARTERLY FINANCIAL STATISTICS 
"91. Collection and publication.". 
13 use 91 note. 
SEC. 2. (a) There are transferred to the Secretary of Commerce, for 
administration under section 91 of title 13, United States Code, all 
functions relating to the quarterly financial report program which 
was carried out by the Federal Trade Commission before the effec-
tive date of this Act pursuant to the authority of section 6(b) of the 
Federal Trade Commission Act (15 U.S.C. 46(b)). 
(b) All personnel, property, and records of the Federal Trade 
Commission which the Director of the Office of Management and 
Budget determines, after consultation with the Secretary of Com-
merce and the Chairman of the Federal Trade (Dommission, to be 
employed, held, or used in connection with any function relating to 
the quarterly financial report program shall be transferred to the 
PUBLIC LAW 97-454—JAN. 12, 1983 
96 STAT. 2495 
Department of Commerce. For purposes of sections 6103, 7213, and 
7431, and other provisions of the Internal Revenue Code of 1954, 
return information (as defined in section 6103(b) of such Code) which 
is transferred under this subsection shall be treated as if it were 
furnished to the Bureau of the Census under section 6103(jXl) of 
such Code solely for administering the quarterly financial report 
program under section 91 of title 13, United States Code. Such 
transfer shall be carried out not later than 90 days after the 
effective date of this Act. 
SEC. 3. Not later than 180 days after the effective date of this Act, 
the Secretary of Commerce shall publish in the Federal Register a 
statement of the policy and practices of the Bureau of the Census 
relating to the administration of section 23(c) of title 13, United 
States Code. Such statement shall include a description o
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(1) the policy of the Secretary for the use of all individuals as 
temporary staff pursuant to such section 23(c) to assist the 
Bureau of the Census in performing work authorized under 
such title 13; 
(2) the functions for which the Secretary, in his discretion, 
may appoint temporary staff to assist the Bureau in performing 
work authorized under such title 13; 
(3) the practice applicable to the appointment of such tempo-
rary staff in performing such work; 
(4) the requirements and penalties under such title applicable 
to temporary staff performing such work, together with safe-
guards to ensure that such temporary staff will observe the 
limitations imposed in section 9 of such title. 
SEC. 4. (a) This Act shall take effect on the date of the enactment 
of this Act. 
(b) This Act, including the amendments made by this Act, shall 
cease to have effect 7 years after such effective date. 
(c) Not later than 2 years after such effective date, the Secretary 
of Commerce shall submit a report to the Congress regarding the 
administration of the program transferred by this Act. Such report 
shall describe— 
Ante, pp. 572, 
645. 
Publication 
in Federal 
Register. 
13 u s e 23 note. 
13 use 9. 
Effective date. 
Termination 
date. 
13 u s e 91 note. 
Report to 
eongress. 
96 STAT. 2496 
PUBLIC LAW 97-454—JAN. 12, 1983 
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(1) the estimated respondent burden, including any changes 
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in the estimated respondent burden after the transfer of such 
program; 
(2) the application made by various public and private organi-
zations of the information published under such program; and 
(8) technical or administration problems encountered in car-
rying out such program. 
Approved January 12, 1983. 
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LEGISLATIVE HISTORY—H.R. 7410: 
CONGRESSIONAL RECORD, Vol. 128 (1982): 
Dec. 17, considered and passed House. 
Dec. 23, considered and passed Senate.