§ 78kk. — Authorization of appropriations.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC78kk]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2B--SECURITIES EXCHANGES
Sec. 78kk. Authorization of appropriations
In addition to any other funds authorized to be appropriated to the
Commission, there are authorized to be appropriated to carry out the
functions, powers, and duties of the Commission, $776,000,000 for fiscal
year 2003, of which--
(1) $102,700,000 shall be available to fund additional
compensation, including salaries and benefits, as authorized in the
Investor and Capital Markets Fee Relief Act (Public Law 107-123; 115
Stat. 2390 et seq.);
(2) $108,400,000 shall be available for information technology,
security enhancements, and recovery and mitigation activities in
light of the terrorist attacks of September 11, 2001; and
(3) $98,000,000 shall be available to add not fewer than an
additional 200 qualified professionals to provide enhanced oversight
of auditors and audit services required by the Federal securities
laws, and to improve Commission investigative and disciplinary
efforts with respect to such auditors and services, as well as for
additional professional support staff necessary to strengthen the
programs of the Commission involving Full Disclosure and Prevention
and Suppression of Fraud, risk management, industry technology
review, compliance, inspections, examinations, market regulation,
and investment management.
(June 6, 1934, ch. 404, title I, Sec. 35, as added Pub. L. 94-29,
Sec. 24, June 4, 1975, 89 Stat. 162; amended Pub. L. 95-20, Apr. 13,
1977, 91 Stat. 47; Pub. L. 95-211, Dec. 19, 1977, 91 Stat. 1492; Pub. L.
95-425, Sec. 1, Oct. 6, 1978, 92 Stat. 962; Pub. L. 96-477, title IV,
Sec. 401, Oct. 21, 1980, 94 Stat. 2291; Pub. L. 100-181, title I,
Sec. 101, Dec. 4, 1987, 101 Stat. 1249; Pub. L. 100-704, Sec. 8, Nov.
19, 1988, 102 Stat. 4683; Pub. L. 101-550, title I, Sec. 102, Nov. 15,
1990, 104 Stat. 2713; Pub. L. 104-290, title IV, Sec. 403, Oct. 11,
1996, 110 Stat. 3441; Pub. L. 105-353, title II, Sec. 201, Nov. 3, 1998,
112 Stat. 3233; Pub. L. 107-204, title VI, Sec. 601, July 30, 2002, 116
Stat. 793.)
References in Text
The Investor and Capital Markets Fee Relief Act, referred to in par.
(1), is Pub. L. 107-123, Jan. 16, 2002, 115 Stat. 2390. For complete
classification of this Act to the Code, see Short Title of 2002
Amendments note set out under section 78a of this title and Tables.
Amendments
2002--Pub. L. 107-204 reenacted section catchline without change and
amended text generally, updating fiscal year from 1999 to 2003, striking
out subsec. designations, and substituting provisions relating to
funding of additional compensation, terrorist-related information
technology, security enhancements, and recovery and mitigation
activities, and an additional 200 qualified professionals to provide
enhanced oversight for provisions relating to miscellaneous expenses
such as meetings and official functions.
1998--Pub. L. 105-353 reenacted section catchline without change and
amended text generally. Prior to amendment, text read as follows:
``There are authorized to be appropriated to carry out the functions,
powers, and duties of the Commission $300,000,000 for fiscal year 1997,
in addition to any other funds authorized to be appropriated to the
Commission.''
1996--Pub. L. 104-290 reenacted section catchline without change and
amended text generally. Prior to amendment, text read as follows:
``There are authorized to be appropriated to carry out the functions,
powers, and duties of the Commission--
``(1) $178,023,000 for the fiscal year ending September 30,
1990; and
``(2) $212,609,000 for the fiscal year ending September 30,
1991.''
1990--Pub. L. 101-550 amended section generally, substituting
present provisions for former provisions which provided for fiscal years
1988 and 1989: in subsec. (a), for authorization of appropriations for
the Commission; in subsec. (b), for amounts for the EDGAR system; and in
subsec. (c), for amounts for reception and representation expenses and
for membership in the International Organization of Securities
Commissions.
1988--Subsec. (c). Pub. L. 100-704 added subsec. (c).
1987--Pub. L. 100-181 amended section generally. Prior to amendment,
section read as follows: ``There are authorized to be appropriated to
carry out the functions, powers, and duties of the Commission not to
exceed $51,000,000 for the fiscal year ending June 30, 1976, $56,500,000
for the fiscal year ending September 30, 1977, $63,750,000 for the
fiscal year ending September 30, 1978, $69,000,000 for the fiscal year
ending September 30, 1979, $79,000,000 for the fiscal year ending
September 30, 1980, $85,500,000 for the fiscal year ending September 30,
1981, $96,640,000 for the fiscal year ending September 30, 1982, and
$106,610,000 for the fiscal year ending September 30, 1983. For fiscal
years succeeding fiscal year 1983, there may be appropriated such sums
as the Congress may hereafter authorize by law.''
1980--Pub. L. 96-477 authorized appropriations of $85,500,000 for
fiscal year ending Sept. 30, 1981, $96,640,000 for fiscal year ending
Sept. 30, 1982, and $106,610,000 for fiscal year ending Sept. 30, 1983,
and provided that for fiscal years succeeding 1983, there may be
appropriated such sums as Congress may authorize by law.
1978--Pub. L. 95-425 inserted provision authorizing appropriations
of not to exceed $69,000,000, and $79,000,000 for fiscal years ending
Sept. 30, 1979 and 1980, respectively, and substituted ``fiscal year
1980'' for ``fiscal year 1978''.
1977--Pub. L. 95-211 authorized appropriations of not to exceed
$63,750,000 for fiscal year ending Sept. 30, 1978, and substituted ``For
the fiscal years succeeding fiscal year 1978'' for ``For fiscal years
succeeding the 1977 fiscal year'' in provisions relating to
appropriations for succeeding fiscal years.
Pub. L. 95-20 substituted ``$56,500,000'' for ``$55,000,000''.
Effective Date of 1988 Amendment
Amendment by Pub. L. 100-704 not applicable to actions occurring
before Nov. 19, 1988, see section 9 of Pub. L. 100-704 set out as a note
under section 78o of this title.
Effective Date
Section effective June 4, 1975, see section 31(a) of Pub. L. 94-29,
set out as a note under section 78b of this title.
