S.Amdt. 251
What it does: Adds SEC. __. SENSE OF THE SENATE ON SUPPORT FOR THE INVESTOR PROTECTION MISSION OF THE SECURITIES AND EXCHANGE COMMISSION at the end of title VWhat it changes
1 change to S.Con.Res. 18 · shown in the resolution's text
Adds SEC. __. SENSE OF THE SENATE ON SUPPORT FOR THE INVESTOR PROTECTION MISSION OF THE SECURITIES AND EXCHANGE COMMISSION at the end of title V
Adds a sectionIn S.Con.Res. 18 · Placed on Calendar Senate
(b) Sense of the Senate.--It is the sense of the Senate that any reconciled mandatory agriculture savings required under this resolution should be primarily achieved through modifications to the payment limitation provisions of the Food Security and Rural Investment Act of 2002.
Inserted: SEC. __. SENSE OF THE SENATE ON SUPPORT FOR THE INVESTOR PROTECTION MISSION OF THE SECURITIES AND EXCHANGE COMMISSION.
Inserted: (a) Findings.--The Senate finds the following:
Inserted: (1) Investor protection is essential to the mission of the Securities and Exchange Commission (hereafter referred to as the "Commission"), which is to promote fair, orderly, and competitive financial markets.
Inserted: (2) The integrity of America's securities markets depends on accurate financial disclosure and transparency.
Inserted: (3) Public confidence in our securities markets is enhanced by the continued independence of the Commission.
Inserted: (4) Cuts to the Securities and Exchange Commission budget that would force the agency to delay hiring or the implementation of technology projects could undermine the ability of the Commission to protect investors.
Inserted: (b) Sense of the Senate.--It is the Sense of the Senate that the functional totals in this resolution assume that there will be no cuts to the Securities and Exchange Commission budget that would diminish the ability of the Commission to protect investors.
Original wording
At the end of title V, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 251. Mr. CORZINE submitted an amendment intended to be proposed by him to the concurrent resolution S. Con. Res. 18, setting forth the congressional budget for the United States Government for fiscal year 2006 and including the appropriate budgetary levels for fiscal years 2005 and 2007 through 2010; which was ordered to lie on the table; as follows:
At the end of title V, insert the following:
SEC. __. SENSE OF THE SENATE ON SUPPORT FOR THE INVESTOR PROTECTION MISSION OF THE SECURITIES AND EXCHANGE COMMISSION.
(a) Findings.--The Senate finds the following:
(1) Investor protection is essential to the mission of the Securities and Exchange Commission (hereafter referred to as the “Commission”), which is to promote fair, orderly, and competitive financial markets.
(2) The integrity of America's securities markets depends on accurate financial disclosure and transparency.
(3) Public confidence in our securities markets is enhanced by the continued independence of the Commission.
(4) Cuts to the Securities and Exchange Commission budget that would force the agency to delay hiring or the implementation of technology projects could undermine the ability of the Commission to protect investors.
(b) Sense of the Senate.--It is the Sense of the Senate that the functional totals in this resolution assume that there will be no cuts to the Securities and Exchange Commission budget that would diminish the ability of the Commission to protect investors.
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Senate amendment submitted
March 17, 2005