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1019-A-000

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106TH CONGRESS

1st Session

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COMMITTEE PRINT

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COMMITTEE
PRINT 106-B

COMPILATION OF SECURITIES LAWS
WITHIN THE JURISDICTION OF THE

COMMITTEE ON COMMERCE

INCLUDING

SECURITIES ACT OF 1933
SECURITIES EXCHANGE ACT OF 1934
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

TRUST INDENTURE ACT OF 1939
INVESTMENT COMPANY ACT OF 1940

INVESTMENT ADVISERS ACT OF 1940
SECURITIES INVESTOR PROTECTION ACT OF 1970

PREPARED FOR THE USE OF THE

COMMITTEE ON COMMERCE
U.S. HOUSE OF REPRESENTATIVES

MARCH 1999

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON 1999

54-643

For sale by the U.S. Government Printing Office
Superintendent of Documents, Congressional Sales Office, Washington, DC 20402

ISBN 0-16-058209-1

COMMITTEE ON COMMERCE

TOM BLILEY, Virginia, Chairman W.J. "BILLY” TAUZIN, Louisiana

JOHN D. DINGELL, Michigan MICHAEL G. OXLEY, Ohio

HENRY A. WAXMAN, California MICHAEL BILIRAKIS, Florida

EDWARD J. MARKEY, Massachusetts JOE BARTON, Texas

RALPH M. HALL, Texas FRED UPTON, Michigan

RICK BOUCHER, Virginia CLIFF STEARNS, Florida

EDOLPHUS TOWNS, New York PAUL E. GILLMOR, Ohio

FRANK PALLONE, Jr., New Jersey Vice Chairman

SHERROD BROWN, Ohio JAMES C. GREENWOOD, Pennsylvania BART GORDON, Tennessee CHRISTOPHER COX, California

PETER DEUTSCH, Florida NATHAN DEAL, Georgia

BOBBY L. RUSH, Illinois STEVE LARGENT, Oklahoma

ANNA G. ESHOO, California RICHARD BURR, North Carolina

RON KLINK, Pennsylvania BRIAN P. BILBRAY, California

BART STUPAK, Michigan ED WHITFIELD, Kentucky

ELIOT L. ENGEL, New York GREG GANSKE, Iowa

THOMAS C. SAWYER, Ohio CHARLIE NORWOOD, Georgia

ALBERT R. WYNN, Maryland TOM A. COBURN, Oklahoma

GENE GREEN, Texas RICK LAZIO, New York

KAREN MCCARTHY, Missouri BARBARA CUBIN, Wyoming

TED STRICKLAND, Ohio JAMES E. ROGAN, California

DIANA DEGETTE, Colorado JOHN SHIMKUS, Ilinois

THOMAS M. BARRETT, Wisconsin HEATHER WILSON, New Mexico

BILL LUTHER, Minnesota JOHN B. SHADEGG, Arizona

LOIS CAPPS, California
CHARLES W. "CHIPS PICKERING,

Mississippi
VITO FOSSELLA, New York
ROY BLUNT, Missouri
ED BRYANT, Tennessee
ROBERT L. EHRLICH, Jr., Maryland

JAMES E. DERDERIAN, Chief of Staff

JAMES D. BARNETTE, General Counsel
REID P.F. STUNTZ, Minority Staff Director and Chief Counsel

CONTENTS

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SECURITIES EXCHANGE ACT OF 1934

Sec. 1. Short title

Sec. 2. Necessity for regulations as provided in this title

Sec. 3. Definitions and application of title

Sec. 4. Securities and Exchange Commission

Sec. 4A. Delegation of functions by Commission

Sec. 4B. Transfer of functions with respect to assignment of personnel to

Chairman

Sec. 5. Transactions on unregistered exchanges

Sec. 6. National securities exchanges

Sec. 7. Margin requirements

Sec. 8. Restrictions on borrowing by members, brokers, and dealers

Sec. 9. Prohibition against manipulation of security prices

Sec. 10. Regulation of the use of manipulative and deceptive devices

Sec. 10A. Audit requirements

Sec. 11. Trading by members of exchanges, brokers, and dealers

Sec. 11A. National market system for securities; securities information

processors

Sec. 12. Registration requirements for securities

Sec. 13. Periodical and other reports

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