AMENDING SECURITIES ACT OF 1933, SECURITIES
EXCHANGE ACT OF 1934, TRUST INDENTURE ACT
OF 1939, AND INVESTMENT COMPANY ACT OF 1940

け

INTERSTATE AND FOREIGN COMMERCE
HOUSE OF REPRESENTATIVES

EIGHTY-THIRD CONGRESS

SECOND SESSION

ON

H. R. 7550

A BILL TO AMEND CERTAIN PROVISIONS OF THE SECURITIES
ACT OF 1933, AS AMENDED, THE SECURITIES EXCHANGE ACT
OF 1934, AS AMENDED, THE TRUST INDENTURE ACT OF 1939,
AND THE INVESTMENT COMPANY ACT OF 1940

AND

S. 2846

AN ACT TO AMEND CERTAIN PROVISIONS OF THE SECURITIES
ACT OF 1933, AS AMENDED, THE SECURITIES EXCHANGE ACT
OF 1934, AS AMENDED, THE TRUST INDENTURE ACT OF 1939,
AND THE INVESTMENT COMPANY ACT OF 1940

Printed for the use of the Committee on Interstate and Foreign Commerce

KF27

155
1954

Copy 2

CONTENTS

Text of

H. R. 7550.

S. 2846.

Report of

Bureau of the Budget..

Securities and Exchange Commission...
Statement of-

Adams, Clarence A., member, Securities and Exchange Commission..
Armstrong, J. Sinclair, member, Securities and Exchange Commission
Bryce, T. Jerrold, president, Investment Bankers' Association of
America..

Demmler, Ralph H., Chairman, Securities and Exchange Commis-
sion__

Eaton, Charles F., Jr., National Association of Investment Com-
panies---

Funston, G. Keith, president, New York Stock Exchange.
George, Edward C., chairman, board of governors, National Asso-
ciation of Securities Dealers, Inc.

Goodwin, A. J., Jr., member, Securities and Exchange Commission.
Hardies, Melvin A., attorney at law, Chicago, Ill..
Loss, Louis, professor of law, Harvard University.

McCann, Eugene B., president, Apartment Owners, Inc., New York
City

McFarlin, Clyde, representing United States Independent Telephone
Association.

Rowen, Paul R., member, Securities and Exchange Commission__.
Additional information submitted for the record by-
American Stock Exchange, statement of Edward T. McCormick,
president.

Midwest Stock Exchange, letter from James E. Day, president__
Parker, Selby C., letter from....

Securities and Exchange Commission:

19, 152

Analysis by sections.

Investment Bankers' Antitrust case, opinion of Judge Medina__
Letter from Ralph H. Demmler, Chairman, regarding proposal
to amend rule U-50..

58

77

Press release No. 3466, March 6, 1953.

128

Press release No. 3471, April 17, 1953

136

Rule 131 and rule 132 under the Securities Act..

53

Statistical information regarding use of regulation A under the
Securities Act of 1933.

155

Technical amendments to H. R. 7550.

43

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