[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 3717 Introduced in Senate (IS)]

111th CONGRESS
  2d Session
                                S. 3717

 To amend the Securities Exchange Act of 1934, the Investment Company 
  Act of 1940, and the Investment Advisers Act of 1940 to provide for 
 certain disclosures under section 552 of title 5, United States Code, 
(commonly referred to as the Freedom of Information Act), and for other 
                               purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             August 5, 2010

  Mr. Leahy (for himself, Mr. Grassley, Mr. Cornyn, and Mr. Kaufman) 
introduced the following bill; which was read twice and referred to the 
                       Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
 To amend the Securities Exchange Act of 1934, the Investment Company 
  Act of 1940, and the Investment Advisers Act of 1940 to provide for 
 certain disclosures under section 552 of title 5, United States Code, 
(commonly referred to as the Freedom of Information Act), 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. APPLICATION OF THE FREEDOM OF INFORMATION ACT TO CERTAIN 
              STATUTES.

    (a) Amendments to the Securities and Exchange Act.--Section 24 of 
the Securities Exchange Act of 1934 (15 U.S.C. 78x), as amended by 
section 929I(a) of the Dodd-Frank Consumer Financial Protection and 
Wall Street Reform Act (Public Law 111-203), is amended by striking 
subsection (e) and inserting the following:
    ``(e) Freedom of Information Act.--For purposes of section 
552(b)(8) of title 5, United States Code, (commonly referred to as the 
Freedom of Information Act)--
            ``(1) the Commission is an agency responsible for the 
        regulation or supervision of financial institutions; and
            ``(2) any entity for which the Commission is responsible 
        for regulating, supervising, or examining under this title is a 
        financial institution.''.
    (b) Amendments to the Investment Company Act.--Section 31 of the 
Investment Company Act of 1940 (15 U.S.C. 80a-30), as amended by 
section 929I(b) of the Dodd-Frank Consumer Financial Protection and 
Wall Street Reform Act (Public Law 111-203), is amended--
            (1) by striking subsection (c); and
            (2) by redesignating subsections (d) and (e) as subsections 
        (c) and (d), respectively.
    (c) Amendments to the Investment Advisers Act.--Section 210 of the 
Investment Advisers Act of 1940 (15 U.S.C. 80b-10), as amended by 
section 929I(c) of the Dodd-Frank Consumer Financial Protection and 
Wall Street Reform Act (Public Law 111-203), is amended by striking 
subsection (d).
                                 <all>