SECURITIES

Amendments

Business and industry: require mandatory expensing of stock options granted to executive officers (H.R. 3574), H6011, H6012, H6013, H6014, H6016 [20JY]

Churches and synagogues: permit church pension plans to be invested in collective trusts (H.R. 1533), S10270, S10278 [1OC], H9024 [8OC]

Pensions: change the 30-year treasury bond rate to a composite corporate rate (H.R. 3108), S166, S193, S197 [22JA], S219 [23JA], S235, S253, S256, S257, S258, S259, S260, S261 [26JA], S275, S278, S289, S290 [27JA], S296 [28JA]

Appointments

Conferees: H.R. 3108, Pension Funding Equity Act, S1401 [12FE], H835 [4MR]

Articles and editorials

Enron's Legacy, S8148 [15JY]

Fuzzy Math and Stock Options, S8486 [20JY]

Pension Perniciousness, S234 [26JA]

SEC Chief Pans Bankruptcy Adviser Change, H220 [28JA]

Bills and resolutions

Business and industry: require mandatory expensing of stock options granted to executive officers (H.R. 3574), consideration (see H. Res. 725), H5982 [19JY]

Corporations: discourage the abuse of stock options by executives of public companies by preventing unjust enrichment through the recapture of profits when shareholders suffer losses (see H.R. 4208), H2371 [22AP]

Dept. of Commerce: implement collection and reporting system for information on foreign operations of U.S. corporations and foreign investments of U.S. investors (see S. 2962), S10846 [8OC]

Financial Accounting Standards Board: maintain independence and integrity (see S. Res. 412), S8474 [20JY]

Government regulations: provide a reasonable correction period for certain security and commodity transactions under the prohibited transaction rules (see H.R. 5290), H9047 [8OC]

Investments: enhance mutual fund investor protections (see S. 2497), S6450 [3JN]

———improve governance and regulation of mutual funds under the securities laws (see S. 2059), S792 [10FE] (see H.R. 4505), H3780 [3JN]

———improve the access of investors to regulatory records relative to securities brokers, dealers, and investment advisers (see H.R. 3863), H699 [26FE]

Pensions: change the 30-year treasury bond rate to a composite corporate rate (see S. 2282), S3631 [5AP]

———change the 30-year treasury bond rate to a composite corporate rate and establish a commission on defined benefit plans (see S. 2005), S52 [20JA]

———protect retirement security of workers by ensuring assets are adequately diversified and providing workers with access to information about their plans (see S. 2424), S5499 [14MY]

SEC: prohibit certain entities from trading in capital markets in the U.S. (see H.R. 4426), H3438 (see H.R. 4426), H3537 [20MY]

Taxation: allow increase in the minimum credit against alternative minimum tax where stock acquired pursuant to incentive stock options is sold or exchanged at a loss (see H.R. 3806), H514 [11FE]

———allow issuance of tax credit bonds for Indian tribal prison facility funding (see S. 2919), S10702 [7OC]

———allow issuance of tax-exempt private activity bonds to finance certain surface transportation facilities (see H.R. 3857), H699 [26FE]

———expand list of entities eligible to establish and maintain certain qualified tuition programs (see S. 2223), S2995 [23MR]

———increase amount of capital losses that may offset ordinary income (see H.R. 4075), H1739 [30MR]

———make permanent the reduction in taxes on dividends and capital gains (see S. 2503), S6451 [3JN] (see H.R. 4809), H5470 [9JY]

———provide an income tax credit to holders of bonds financing new communications technologies (see S. 2580), S7434 [24JN]

———provide for use of redevelopment bonds for environmental remediation (see H.R. 3891), H870 [4MR]

———repeal alternative minimum tax treatment of incentive stock options, thereby changing the taxable event from the exercise of the stock option to the sale of stock (see H.R. 5141), H7574 [23SE]

———replace recapture bond provisions of low-income housing tax credit program (see S. 2689), S8473 [20JY]

Conference reports

Pension Funding Equity Act (H.R. 3108), H1997-H2014 [1AP]

Descriptions

Mutual Fund Reform Act (S. 2059), S803-S807 [10FE]

Letters

Mutual fund investor protections enhancements: several organizations, S6455 [3JN]

Mutual Fund Reform Act: John C. Bogle, Vanguard Group, Inc., S794 [10FE]

———Niels Holch, Coalition of Mutual Fund Investors, S797 [10FE]

———several consumers' organizations, S795-S797 [10FE]

———William F. Galvin, Sec. of the Commonwealth of Massachusetts, S794 [10FE]

Pension Funding Equity Act: Elaine L. Chao, John W. Snow and Donald L. Evans, Pension Benefit Guaranty Corp., S233 [26JA]

Replace recapture bond provisions of low-income housing tax credit program: several national housing organizations, S8477 [20JY]

Lists

Comments by financial experts opposing H.R. 3574, Stock Option Accounting Reform Act, H6009 [20JY]

Organizations supporting the multiemployer pension plan provisions of H.R. 3108, Pension Funding Equity Act, S3977 [8AP]

Motions

Pensions: change the 30-year treasury bond rate to a composite corporate rate (H.R. 3108), S271 [27JA]

———change the 30-year treasury bond rate to a composite corporate rate (H.R. 3108), conference report, H2131 [2AP]

Remarks in House

Business and industry: allow voluntary expensing of stock options in certain filings required under securities laws, H6012, H6013 [20JY]

———require mandatory expensing of stock options granted to executive officers (H.R. 3574), H5958 [19JY], H6001-H6022 [20JY], H6446 [21JY], E1443 [21JY], E1487 [22JY]

———require mandatory expensing of stock options granted to executive officers (H.R. 3574), amendment process, H5167 [6JY]

———require mandatory expensing of stock options granted to executive officers (H.R. 3574), consideration (H. Res. 725), H5991-H5998 [20JY]

———require mandatory expensing of stock options granted to executive officers (H.R. 3574), corrections in engrossment, H6022 [20JY]

———requirements relative to assumption of zero volatility in calculating stock option values for certain top executives, H6013, H6014 [20JY]

Churches and synagogues: permit church pension plans to be invested in collective trusts (H.R. 1533), H9024 [8OC]

Economic Growth and Tax Relief Reconciliation Act: make repeal of estate taxes permanent, H3877 [14JN]

Financial Accounting Standards Board: preserve integrity in establishing accounting standards, H6016-H6019 [20JY]

Jobs and Growth Tax Relief Reconciliation Act: anniversary, H3938-H3945 [14JN], H4768 [23JN]

Lay, Kenneth L.: indictment for financial crimes committed in conjunction with the economic collapse of Enron Corp., H5334, H5335, H5387 [8JY]

Pensions: change the 30-year treasury bond rate to a composite corporate rate (H.R. 3108), H835 [4MR], H1234 [18MR], E103 [3FE]

———change the 30-year treasury bond rate to a composite corporate rate (H.R. 3108), conference report, H2123-H2132 [2AP]

———change the 30-year treasury bond rate to a composite corporate rate (H.R. 3108), conference report—unanimous-consent agreement, H2037 [1AP]

SEC: preserve authority to establish accounting principles and standards, H6014-H6016 [20JY]

Taxation: allow increase in the minimum credit against alternative minimum tax where stock acquired pursuant to incentive stock options is sold or exchanged at a loss (H.R. 3806), E194 [24FE]

———provide incentives for economic recovery, H3166, H3167, H3182, H3183 [18MY], H3240 [19MY], H3444 [20MY], H3938-H3945 [14JN]

———provide incentives for economic recovery (H.R. 2), conference report, H880 [9MR], H1203 [17MR]

Remarks in Senate

BIA: school construction funding, S6389 [3JN]

Business and industry: require mandatory expensing of stock options granted to executive officers (S. 1890), S3562 [1AP]

Churches and synagogues: permit church pension plans to be invested in collective trusts (H.R. 1533), S10278 [1OC]

Financial Accounting Standards Board: maintain independence and integrity (S. Res. 412), S8485 [20JY]

Investments: enhance mutual fund investor protections (S. 2497), S6452-S6454 [3JN]

———improve governance and regulation of mutual funds under the securities laws (S. 2059), S793 [10FE], S5367 [12MY]

Lay, Kenneth L.: indictment for financial crimes committed in conjunction with the economic collapse of Enron Corp., S7780-S7782 [8JY]

Pensions: change the 30-year treasury bond rate to a composite corporate rate (H.R. 3108), S157-S168 [22JA], S208, S212-S214 [23JA], S226-S237, S241 [26JA], S266-S278 [27JA], S294-S304 [28JA], S550, S551 [4FE], S1401 [12FE], S1450 [23FE]

———change the 30-year treasury bond rate to a composite corporate rate (H.R. 3108), conference report, S3738, S3773 [6AP], S3871, S3957 [7AP], S3968-S3989, S3991, S3995, S3996 [8AP], S4155 [20AP], S5223 [11MY]

———change the 30-year treasury bond rate to a composite corporate rate (H.R. 3108), conference report—unanimous-consent agreement, S3910 [7AP]

———restrict employers that choose alternative deficit reduction contributions from applying for a funding waiver, S235-S237 [26JA]

Taxation: allow issuance of tax credit bonds for Indian tribal prison facility funding (S. 2919), S10714-S10716 [7OC]

———make permanent the reduction in taxes on dividends and capital gains (S. 2503), S6457 [3JN]

———provide incentives for economic recovery, S2281-S2285 [8MR]

———replace recapture bond provisions of low-income housing tax credit program (S. 2689), S8475 [20JY]

———treatment of bonds and other obligations issued by American Samoa (H.R. 982), S9986 [29SE]

———treatment of policyholder dividends of mutual life insurance companies and policyholder surplus accounts, S3985 [8AP]

Transportation: provide new infrastructure funding through Federal bonding to empower States and local governments to complete significant infrastructure projects across all modes of transportation, S978-S982 [11FE]

Reports filed

Consideration of H.R. 3574, Stock Option Accounting Reform Act: Committee on Rules (House) (H. Res. 725) (H. Rept. 108-616), H5982 [19JY]

National Employee Savings and Trust Equity Guarantee Act: Committee on Finance (Senate) (S. 2424) (S. Rept. 108-266), S5499 [14MY]

Pension Funding Equity Act: Committee of Conference (H.R. 3108) (H. Rept. 108-457), H2018 [1AP]

Pension Stability Act: Committee on Health, Education, Labor, and Pensions (Senate) (S. 2005) (S. Rept. 108-221), S52 [20JA]

Securities Fraud Deterrence and Investor Restitution Act: Committee on Financial Services (House) (H.R. 2179), H2405 [27AP]

Stock Option Accounting Reform Act: Committee on Financial Services (House) (H.R. 3574) (H. Rept. 108-609), H5907 [15JY]

Tax Treatment of Bonds and Other Obligations Issued by American Samoa: Committee on Finance (Senate) (H.R. 982), S8473 [20JY]

Statements

Pension Funding Equity Act: Executive Office of the President, S233 [26JA]

Summaries

Mutual Fund Reform Act (S. 2059), S802 [10FE]

Texts of

H. Res. 725, consideration of H.R. 3574, Stock Option Accounting Reform Act, H5991 [20JY]

H.R. 3108, Pension Funding Equity Act, S299-S303 [28JA]

H.R. 3574, Stock Option Accounting Reform Act, H6011 [20JY]

S. 2059, Mutual Fund Reform Act, S797-S802 [10FE]

S. 2223, expand list of entities eligible to establish and maintain certain qualified tuition programs, S2997 [23MR]

S. 2689, replace recapture bond provisions of low-income housing tax credit program, S8476 [20JY]

S. 2919, allow issuance of tax credit bonds for Indian tribal prison facility funding, S10714 [7OC]

S. Res. 412, maintain Financial Accounting Standards Board independence and integrity, S8485 [20JY]