    [Public Papers of the Presidents of the United States: William J. Clinton (1993, Book II)]
    [December 17, 1993]
    [Page 2187]
    [From the U.S. Government Publishing Office www.gpo.gov]

    Statement on Signing the Government Securities Act Amendments of 1993
    December 17, 1993

        Today I have signed into law S. 422, the ``Government Securities Act
    Amendments of 1993.'' S. 422 permanently reauthorizes the Treasury
    Department's rulemaking authority under the Government Securities Act
    and extends important investor protections to the Government securities
    market. It also provides important new surveillance tools to the
    Department of the Treasury and the Securities and Exchange Commission.
    This legislation will help maintain the confidence of investors in the
    integrity of the Government securities market. It will thus ensure that
    the Treasury has access to an efficient and liquid market, which is
    vital to selling the Government's debt at the lowest possible cost.
        I am pleased that the legislative process achieved compromises
    acceptable to the many interested participants. I thank all involved for
    their hard work culminating in the enactment of this comprehensive and
    needed legislation. As a result of their efforts, the Federal Government
    now has the tools necessary to ensure the continuing integrity,
    efficiency, and liquidity of the Government securities market.

                                                          William J. Clinton

    The White House,
    December 17, 1993.

    Note: S. 422, approved December 17, was assigned Public Law No. 103-202.