[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3764 Referred in Senate (RFS)]

  2d Session
                                H. R. 3764


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                   IN THE SENATE OF THE UNITED STATES

                             June 27, 2002

Received; read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

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                                 AN ACT


 
To authorize appropriations for the Securities and Exchange Commission.

    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 2002''.

SEC. 2. AUTHORIZATION OF APPROPRIATIONS OF THE SECURITIES AND EXCHANGE 
              COMMISSION.

    In addition to any other funds authorized to be appropriated to the 
Securities and Exchange Commission, there are authorized to be 
appropriated to carry out the functions, powers, and duties of the 
Commission, $776,000,000 for fiscal year 2003, of which--
            (1) not less than $134,000,000 shall be available for the 
        Division of Corporate Finance and for the Office of Chief 
        Accountant;
            (2) not less than $326,000,000 shall be available for the 
        Division of Enforcement; and
            (3) not less than $76,000,000 shall be available to 
        implement section 8 of the Investor and Capital Markets Fee 
        Relief Act, relating to pay comparability.

SEC. 3. SENSE OF THE CONGRESS.

    It is the sense of the Congress that the Securities and Exchange 
Commission should conduct a thorough annual review of the annual 
financial statements contained in the most recent periodic disclosures 
filed with the Commission by the largest 500 reporting issuers, as 
determined by market capitalization and by other factors as the 
Commission shall determine.

            Passed the House of Representatives June 26, 2002.

            Attest:

                                                 JEFF TRANDAHL,

                                                                 Clerk.