SECURITIES AND EXCHANGE COMMISSION

Bills and resolutions

China, People's Republic of: make proper disclosures with the SEC regarding the selective default status of certain bonds (see S. Con. Res. 78), S3442 [28AP] (see H. Res. 1179), H3186 [7MY]

Corporations: reduce internal auditing reporting and certification burdens for certain financial institutions (see S. 2703), S1596 [5MR]

———require officers to repay bonus amounts received during a year in which their company is subject to a taxpayer bailout, as well as the two previous years (see H.R. 6987), H8577 [22SE]

Economy: require the SEC to issue rules on short selling of securities, establish FDIC net worth certificate program, and increase maximum amount of depository insurance (see H.R. 7240), H10699 [2OC]

———suspend capital gains tax, schedule government-sponsored enterprises for privatization, repeal Humphrey-Hawkins Full Employment Act, and suspend mark-to-market accounting requirements (see H.R. 7223), H10641 [29SE]

Financial institutions: apply safety and soundness regulation to investment bank holding companies and implement reporting requirements for the purchase or sale of credit default swap contracts (see S. 3691), S10659 [19NO]

———provide for reform of fair value accounting standards (see H.R. 7190), H10300 [27SE]

Financial services and general Government: making appropriations (see S. 3260), S6650 [14JY] (see H.R. 7323), H10974 [10DE]

Government regulations: enhance effectiveness of enforcement, corporation finance, trading and markets, investment management, and examination programs (see H.R. 6513), H6673 [16JY]

———reinstate uptick rule on short sales of securities (see H.R. 6517), H6673 [16JY]

Investments: establish a process by which asset-backed instruments can be deemed eligible for nationally recognized statistical rating organization ratings and a list of such eligible asset-backed instruments (see H.R. 6482), H6472 [14JY]

———provide additional emergency and enhanced enforcement authority (see H.R. 6069), H4060 [15MY]

Power resources: open Outer Continental shelf areas to oil and gas leasing, curb excessive energy speculation, and require Strategic Petroleum Reserve sale and acquisitions of certain fuels (see H.R. 6670), H7628 [30JY]

Securities: require nationally registered statistical rating organizations to provide additional disclosures with respect to the rating of certain structured securities (see H.R. 6230), H5214 [10JN]

Taxation: provide for disclosure of schedule M-3 to the SEC, public disclosure of certain information, and penalties for failure to file or provision of inaccurate information on such schedule (see S. 3659), S10323 [1OC]

Remarks in House

Economy: require the SEC to issue rules on short selling of securities, establish FDIC net worth certificate program, and increase maximum amount of depository insurance (H.R. 7240), H10779 [3OC]

———suspend capital gains tax, schedule government-sponsored enterprises for privatization, repeal Humphrey-Hawkins Full Employment Act, and suspend mark-to-market accounting requirements (H.R. 7223), H10635 [29SE]

———suspend mark-to-market accounting requirements, H10633 [29SE]

Government regulations: enhance effectiveness of enforcement, corporation finance, trading and markets, investment management, and examination programs (H.R. 6513), H7888-H7893 [9SE], H8025 [11SE], E1756 [10SE]

New York, NY: restructuring of New York Liberty Zone tax incentives, H8232, H8235 [16SE]

Power resources: open Outer Continental shelf areas to oil and gas leasing, curb excessive energy speculation, and require Strategic Petroleum Reserve sale and acquisitions of certain fuels (H.R. 6670), H7609 [30JY], H8163 [16SE]

Securities Investor Protection Corp.: extend insurance to futures positions held in a portfolio margining account under an SEC-approved program, H3819 [14MY]

Taxation: tax treatment of investment income received by hedge fund managers as ordinary income, H6024 [25JN]

Remarks in Senate

Business and industry: investigation into merger of Bear Stearns Cos., Inc., and JPMorgan Chase & Co., S2831 [10AP]

Corporations: improve efficiency of complying with internal auditing control requirements in order to maintain U.S. capital market global competitiveness, S684 [6FE]

Economy: address oversight authority needed to regulate investment banks and financial markets, S2212 [31MR], S10848-S10850 [10DE]

Financial institutions: apply safety and soundness regulation to investment bank holding companies and implement reporting requirements for the purchase or sale of credit default swap contracts (S. 3691), S10549 [17NO]

———reform regulation of U.S. financial markets, S10549 [17NO]

Government regulations: require hedge fund investment advisers to register, S40 [22JA], S160 [23JA]

———require hedge fund investment advisers to register (S. 1402), S9615 [26SE]

Presidential appointments: nominations considered and confirmed en bloc, S6332 [27JN]

Reports filed

Financial Services and General Government Appropriations: Committee on Appropriations (House) (H.R. 7323) (H. Rept. 110-920), H10974 [10DE]

———Committee on Appropriations (Senate) (S. 3260) (S. Rept. 110-417), S6650 [14JY]

Nomination of Elisse B. Walter to the SEC: Committee on Banking, Housing, and Urban Affairs (Senate), S6158 [25JN]

Nomination of Luis A. Aguilar to the SEC: Committee on Banking, Housing, and Urban Affairs (Senate), S6158 [25JN]

Nomination of Troy A. Paredes to the SEC: Committee on Banking, Housing, and Urban Affairs (Senate), S6158 [25JN]

Texts of

H.R. 6513, Securities Act, H7888-H7892 [9SE]

S. Con. Res. 78, make proper disclosures with the SEC regarding the selective default status of certain bonds of People's Republic of China, S3448 [28AP]