Securities and Exchange Commission Authorization Act of 2002

Securities and Exchange Commission Authorization Act of 2002 - Authorizes appropriations for the Securities and Exchange Commission (SEC) for FY 2003.

Earmarks specified amounts for the Division of Corporate Finance, the Division of Enforcement, and to implement pay comparability requirements of the Investor and Capital Markets Fee Relief Act.

Declares the sense of the Congress that the SEC should conduct a thorough annual review of the annual financial statements contained in the most recent periodic disclosures filed with it by the largest 500 reporting issuers, as determined by market capitalization and by other factors as it shall determine.

[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3764 Introduced in House (IH)]







107th CONGRESS
  2d Session
                                H. R. 3764

To authorize appropriations for the Securities and Exchange Commission.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 14, 2002

   Mr. Oxley (for himself, Mr. Baker, Mr. Boehner, Mrs. Roukema, Mr. 
Bereuter, Mr. Bachus, Mrs. Kelly, Mr. Castle, Mr. Ney, Mr. Gillmor, Mr. 
  Cox, Mr. LaTourette, Mr. Manzullo, Mr. Jones of North Carolina, Mr. 
Ose, Mr. Green of Wisconsin, Mr. Shadegg, Mr. Fossella, Mr. Cantor, Ms. 
Hart, Mr. Ferguson, Mr. Rogers of Michigan, and Mr. Tiberi) introduced 
 the following bill; which was referred to the Committee on Financial 
                                Services

_______________________________________________________________________

                                 A BILL


 
To authorize appropriations for the Securities and Exchange Commission.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Securities and Exchange Commission 
Authorization Act of 2002''.

SECTION 2. AUTHORIZATION OF APPROPRIATIONS OF THE SECURITIES AND 
              EXCHANGE COMMISSION.

    In addition to any other funds authorized to be appropriated to the 
Securities and Exchange Commission, there are authorized to be 
appropriated to carry out the functions, powers, and duties of the 
Commission, $700,000,000 for fiscal year 2003, of which--
            (1) not less that $134,000,000 shall be available for the 
        Division of Corporate Finance; and
            (2) not less than $326,000,000 shall be available for the 
        Division of Enforcement.
                                 <all>