To provide for the protection of investors, increase confidence in the capital markets system, and fully implement the Sarbanes-Oxley Act of 2002 by streamlining the hiring process for certain employment positions in the Securities and Exchange Commission.
(This measure has not been amended since it was passed by the House on June 17, 2003. The summary of that version is repeated here.)
Accountant, Compliance, and Enforcement Staffing Act of 2003 - Amends the Securities Exchange Act of 1934 to permit the Securities and Exchange Commission to appoint any candidates for accountant, economist, and securities compliance examiner positions in the competitive service according to statutes, rules, and regulations for the excepted service, notwithstanding those governing appointments in the competitive service.
Declares that such appointments shall not be considered to cause a position to be converted from the competitive service to the excepted service.
Instructs the Commission to report to specified congressional committees on the changes in the hiring process authorized by this Act, including: (1) the quality of candidates; (2) the procedures used by the Commission to select candidates through the streamlined hiring process; (3) the numbers, types, and grades of employees hired under the authority; (4) any benefits or shortcomings associated with the use of the authority; (5) the effect of the exercise of the authority on the hiring of veterans and other demographic groups; and (6) the way in which managers were trained in the administration of the streamlined hiring system.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee on Government Reform discharged.
Placed on the Union Calendar, Calendar No. 69.
Mr. Baker moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H5421-5424)
DEBATE - The House proceeded with forty minutes of debate on H.R. 658.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H5438)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 423 - 0 (Roll no. 281).(text: CR H5421)
Roll Call #281 (House)On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 423 - 0 (Roll no. 281). (text: CR H5421)
Roll Call #281 (House)Motion to reconsider laid on the table Agreed to without objection.
Enacted as Public Law 108-44
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Received in the Senate.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S8260)
Passed Senate without amendment by Unanimous Consent. (consideration: CR S8260)
Message on Senate action sent to the House.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 108-44.
Became Public Law No: 108-44.