[Congressional Record (Bound Edition), Volume 148 (2002), Part 9]
[Senate]
[Page 12149]
[From the U.S. Government Publishing Office, www.gpo.gov]




                           TEXT OF AMENDMENTS

  SA 4173. Mr. SARBANES proposed an amendment to the bill S. 2673, to 
improve quality and transparency in financial reporting and independent 
audits and accounting services for public companies, to create a Public 
Company Accounting Oversight Board, to enhance the standard setting 
process for accounting practices, to strengthen the independence of 
firms that audit public companies, to increase corporate responsibility 
and the usefulness of corporate financial disclosure, to protect the 
objectivity and independence of securities analysts, to improve 
Securities and Exchange Commission resources and oversight, and for 
other purposes; as follows:

       On page 65, line 11, strike ``All'' and insert ``Subject to 
     the availability in advance in an appropriations Act, and 
     notwithstanding subsection (h), all''.
       On page 76, between lines 16 and 17, insert the following:
       (d) Conforming Amendment.--Section 10A(f) of the Securities 
     Exchange Act of 1934 (15 U.S.C. 78k(f)) is amended--
       (1) by striking ``Definition'' and inserting 
     ``Definitions''; and
       (2) by adding at the end the following: ``As used in this 
     section, the term `issuer' means an issuer (as defined in 
     section 3), the securities of which are registered under 
     section 12, or that is required to file reports pursuant to 
     section 15(d), or that will be required to file such reports 
     at the end of a fiscal year of the issuer in which a 
     registration statement filed by such issuer has become 
     effective pursuant to the Securities Act of 1933 (15 U.S.C. 
     77a et seq.), unless its securities are registered under 
     section 12 of this title on or before the end of such fiscal 
     year.''.

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