| Home > 105th Congressional Bills > H.R. 1262 (rh) To authorize appropriations for the Securities and Exchange Commission for fiscal years 1998 and 1999, and for other purposes. ...
H.R. 1262 (rh) To authorize appropriations for the Securities and Exchange Commission for fiscal years 1998 and 1999, and for other purposes. ...
H. R. 1262
IN THE SENATE OF THE UNITED STATES
January 27, 1998
Received; read twice and referred to the Committee on Banking, Housing,
and Urban Affairs
To authorize appropriations for the Securities and Exchange Commission
for fiscal years 1998 and 1999, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Securities and Exchange Commission
Authorization Act of 1997''.
SEC. 2. AUTHORIZATION OF APPROPRIATIONS.
Section 35 of the Securities Exchange Act of 1934 (15 U.S.C. 78kk)
is amended to read as follows:
``SEC. 35. AUTHORIZATION OF APPROPRIATIONS.
``(a) In General.--In addition to any other funds authorized to be
appropriated to the Commission, there are authorized to be appropriated
to carry out the functions, powers, and duties of the Commission--
``(1) $320,000,000 for fiscal year 1998; and
``(2) $342,700,000 for fiscal year 1999.
``(b) Miscellaneous Expenses.--Funds appropriated pursuant to this
section are authorized to be expended--
``(1) not to exceed $3,000 per fiscal year, for official
reception and representation expenses;
``(2) not to exceed $10,000 per fiscal year, for funding a
permanent secretariat for the International Organization of
Securities Commissions; and
``(3) not to exceed $100,000 per fiscal year, for expenses
for consultations and meetings hosted by the Commission with
foreign governmental and other regulatory officials, members of
their delegations, appropriate representatives, and staff to
exchange views concerning developments relating to securities
matters, for development and implementation of cooperation
agreements concerning securities matters and provision of
technical assistance for the development of foreign securities
markets, such expenses to include necessary logistic and
administrative expenses and the expenses of Commission staff
and foreign invitees in attendance at such consultations and
``(A) such incidental expenses as meals taken in
the course of such attendance;
``(B) any travel or transportation to or from such
``(C) any other related lodging or subsistence.''.
Passed the House of Representatives November 13, 1997.
ROBIN H. CARLE,
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