serving temporarily on extended special duty in areas of the National Park System, and for this purpose he is authorized to use funds appropriated for the expenses of the Department of the Interior[]; and (j) enter into cooperative agreements with public or private educational institutions, States, and their political subdivi sions, or private conservation organizations for the purpose of developing adequate, coordinated, cooperative research and training programs concerning the resources of the National Park System, and, pursuant to such agreements, to accept from and make available to the cooperator such technical and support staff, financial assistance for mutually agreed upon research projects, supplies and equipment, facilities, and administrative services relating to cooperative research units as the Secretary deems appropriate; except that this paragraph shall not waive any requirements for research projects that are subject to the Federal procurement regulations. O JULY 15, 1993.-Committed to the Committee of the Whole House on the State of Mr. DINGELL, from the Committee on Energy and Commerce, (Including cost estimate of the Congressional Budget Office] The Committee on Energy and Commerce, to whom was referred the bill (H.R. 2239) to authorize appropriations for the Securities and Exchange Commission, and for other purposes, having consid- ered the same, report favorably thereon with an amendment and SECTION 1. SHORT TITLE. This Act may be cited as the "Securities and Exchange Commission Authorization Act of 1993.". SEC. 2. AUTHORIZATION OF APPROPRIATIONS. Section 35 of the Securities Exchange Act of 1934 (15 U.S.C. 78kk) is amended to read as follows: "AUTHORIZATION OF APPROPRIATIONS "SEC. 35. There are authorized to be appropriated to carry out the functions, powers, and duties of the Commission— "(1) $281,900,000 for fiscal year 1994; and "(2) $317,700,000 for fiscal year 1995. Funds appropriated for any fiscal year pursuant to this section are authorized to remain available during the succeeding fiscal year.". SEC. 3. SECURITIES AND EXCHANGE COMMISSION FEES. (a) FULL COST RECOVERY OF COMMISSION EXPENSES.-The Securities Exchange Act of 1934 is further amended by inserting after section 31 the following new section: "FULL COST RECOVERY OF COMMISSION EXPENSES "SEC. 31A. (a) PURPOSE.-It is the purpose of this section "(1) to establish a system for the annual adjustment of fees collected by the Commission so that the total amount appropriated to the Commission for any fiscal year will be offset by the amount collected during such fiscal year, and "(2) in order to permit an orderly transition to this method of funding the Commission, to require that such fees continue to collect general revenues during each of the fiscal years 1994 through 1998 in amounts commensurate with the amount of such revenues produced by such fees prior to the enactment of this section. "(b) ESTABLISHMENT OF ADJUSTED RATES.— "(1) OBLIGATION TO ADJUST RATES TO RECOVER COST.—For each of the fiscal years after fiscal year 1993, the Commission, by rule or order, shall adjust the rate of each of the fees described in subsection (c) to secure (when combined with fees collected during the period from October 1 through December 31 under the rates then in effect) a total amount of collections of such fees during such fiscal year that can reasonably be expected to equal the sum of— "(A) the applicable surplus amount for such fiscal year, if any; and "(B) subject to subsection (e)(1), the amount appropriated for such fiscal year of this title (determined without regard to any reduction of the net amount appropriated that is attributable to offsetting collections). "(2) METHOD OF ADJUSTMENT.-Such rates shall be adjusted by making an equal proportionate change in each of such rates, except that the Commission may round such proportionate changes to avoid requiring rates that are unduly mathematically complex. "(3) EFFECTIVE DATE OF ADJUSTMENTS. Such adjusted rates shall apply "(A) with respect to any fee described in paragraph (1), (2), (3), or (5) of subsection (c), to any fee paid on or after January 1 of such fiscal year; and "(B) with respect to any fee described in paragraph (4) of such subsection, to any fee based on a transaction occurring on or after January 1 of such fiscal year. Any such adjusted rate shall continue to apply until the effective date of a subsequent adjusted rate. "(c) FEES TO WHICH ADJUSTMENTS APPLY.-For purposes of this section, the fees described in this subsection are→ "(1) the fees collected under section 6(b) of the Securities Act of 1933; "(2) the fees collected under section 13(e) of this title; "(3) the fees collected under section 14(g) of this title; "(4) the fees collected under section 31 of this title; and "(5) the fees collected under section 203A of the Investment Advisers Act of 1940. “(d) APPLICABLE SURPLUS AMOUNT.—For purposes of subsection (b)(1)(A), the applicable surplus amount is equal to "(1) $171,000,000 for fiscal year 1994; "(4) $181,000,000 for fiscal year 1997; |