An original bill to amend the Securities Act of 1933, the Securities Exchange Act of 1934, the Public Utility Holding Company Act of 1935, the Trust Indenture Act of 1939, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to make certain technical, clarifying, and conforming amendments, to authorize appropriations to the Securities and Exchange Commission, and for other purposes.
Securities and Exchange Commission Authorization Act of 1987 - Title I: Authorization - Amends the Securities Exchange Act of 1934 to authorize appropriations for the Securities and Exchange Commission for FY 1988 and 1989. Earmarks a specified portion of such funds for the purpose of establishing and operating the electronic data gathering, analysis, and retrieval (EDGAR) system.
Sets forth requirements for the funding of the establishment and operation of the system. Requires the Commission to submit semiannual reports to specified congressional committees on system development, implementation, progress, costs, and revenues.
Specifies that only a certain amount of funds appropriated for the EDGAR system for FY 1988 and no FY 1989 funds may be expended unless the Commission has made a certification to specified congressional committees with respect to system costs, benefits, implementation, capabilities, and filing requirements.
Requires the Commission to prescribe: (1) restrictions on the sale or dissemination of, and access to EDGAR system information; and (2) requirements for filings with the Commission in a form suitable for entry into the system and in written form for the shorter of one year or until the system is determined to be effective, efficient, and reliable.
Title II: Amendments to the Securities Act of 1933 - Amends the Securities Act of 1933 to make technical, clarifying, and conforming amendments.
Title III: Amendments to the Securities Exchange Act of 1934 - Amends the Securities Exchange Act of 1934 to make technical, clarifying, and conforming amendments.
Sets forth provisions governing the disciplining of transfer agents which conform to provisions governing the disciplining of municipal securities dealers.
Title IV: Amendments to the Public Utility Holding Company Act of 1935 - Amends the Public Utility Holding Company Act of 1935 to make technical, clarifying, and conforming amendments.
Title V: Amendments to the Trust Indenture Act of 1939 - Amends the Trust Indenture Act of 1939 to make technical amendments.
Title VI: Amendments to the Investment Company Act of 1940 - Amends the Investment Company Act of 1940 to make technical, clarifying, and conforming amendments.
Title VII: Amendments to the Investment Advisers Act of 1940 - Amends the Investment Advisers Act of 1940 to make technical, clarifying, and conforming amendments.
Title VIII: Amendments Relating to Government Securities Act of 1986 - Makes technical amendments to the Securities Exchange Act of 1934 and the Securities Investor Protection Act of 1970 in order to conform such Acts to the Government Securities Act of 1986.
House Incorporated this Measure in S.1452 as an Amendment.
Called up by House by Unanimous Consent.
Passed/agreed to in House: Passed House (Amended) by Voice Vote.
Passed House (Amended) by Voice Vote.
House Incorporated H.R.2600 in This Measure as an Amendment.
Message on House action received in Senate and held at desk: House amendments to Senate bill.
Measure laid before Senate by unanimous consent.
Resolving differences -- Senate actions: Senate concurred in the House amendments with an amendment by Voice Vote.
Senate concurred in the House amendments with an amendment by Voice Vote.
Resolving differences -- Senate actions: Senate agreed to the House amendment to the title. By Voice Vote.
Senate agreed to the House amendment to the title. By Voice Vote.
Message on Senate action sent to the House.
Resolving differences -- House actions: House Agreed to Senate Amendments to House Amendments by Unanimous Consent.
Enacted as Public Law 100-181
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line
House Agreed to Senate Amendments to House Amendments by Unanimous Consent.
Measure Signed in Senate.
Measure presented to President.
Measure presented to President.
Signed by President.
Signed by President.
Became Public Law No: 100-181.
Became Public Law No: 100-181.