| 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. ...
105th CONGRESS 2d Session 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 _______________________________________________________________________ AN ACT 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 meetings, including-- ``(A) such incidental expenses as meals taken in the course of such attendance; ``(B) any travel or transportation to or from such meetings; and ``(C) any other related lodging or subsistence.''. Passed the House of Representatives November 13, 1997. Attest: ROBIN H. CARLE, Clerk.
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