Laws: Cases and Codes : U.S. Code : Title 15 : Section 78ll


   

U.S. Code as of: 01/19/04
Section 78ll - Notes
                                   SOURCE
    (June 6, 1934, ch. 404, title I, Sec. 35A, as added Pub. L.
    100-181, title I, Sec. 102, Dec. 4, 1987, 101 Stat. 1249; amended
    Pub. L. 105-353, title II, Sec. 202, Nov. 3, 1998, 112 Stat. 3234.)
                                AMENDMENTS                            
      1998 - Subsecs. (a) to (c). Pub. L. 105-353, Sec. 202(1), struck
    out subsecs. (a) to (c) which: in subsec. (a) required
    certifications and reports as prerequisite to obligation or
    expenditure of funds for establishment or operation of EDGAR
    system, and provided that former section 78kk(b) amounts were to be
    exclusive source of funds for systems procurement and operation; in
    subsec. (b) required report on status of EDGAR development,
    implementation, and progress to certain Congressional committees at
    six-month intervals; and in subsec. (c) required certification to
    Congressional committees of total costs, cost/benefit analysis,
    assurances of compliance, capabilities of system, competence of
    personnel, and review of test group filings prior to entering into
    contract for EDGAR system.
      Subsec. (d). Pub. L. 105-353, Sec. 202(2), struck out "(d)"
    before "The Commission" in introductory provisions, in par. (2)
    substituted period for "; and" at end, and struck out par. (3)
    which read as follows: "shall require all persons who make any
    filing with the Commission, in addition to complying with such
    other rules concerning the form and manner of filing as the
    Commission may prescribe, to submit such filings in written or
    printed form - 
        "(A) for a period of at least one year after the effective date
      specified for such person or class under paragraph (2); or
        "(B) for a shorter period if the Commission determines that the
      EDGAR system (i) is reliable, (ii) provides a suitable
      alternative to such written and printed filings, and (iii)
      assures that the provision of information through the EDGAR
      system is as effective and efficient for filers, users, and
      disseminators as provision of such information in written or
      printed form."
      Subsec. (e). Pub. L. 105-353, Sec. 202(1), struck out subsec. (e)
    which read as follows: "For the purposes of carrying out its
    responsibilities under subsection (d)(3) of this section, the
    Commission shall consult with representatives of persons filing,
    disseminating, and using information contained in filings with the
    Commission."

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