INTERSTATE AND FOREIGN COMMERCE

HOUSE OF REPRESENTATIVES

NINETY-THIRD CONGRESS

FIRST SESSION

ON

H.R. 5050 and H.R. 340

BILLS TO AMEND THE SECURITIES EXCHANGE ACT OF

1934; TO PROVIDE AUTHORIZATIONS FOR APPROPRIA-

TIONS FOR THE SECURITIES AND EXCHANGE COMMIS-

SION FOR FISCAL YEARS 1974, 1975, AND 1976; AND FOR

OTHER PURPOSES

JUNE 5, 6, 7, 8, 11, 12, 13, 14, 15, 27, 28, AND 29; JULY 19, 20, 27, AND 31;
AUGUST 1, 2, AND 3; AND SEPTEMBER 11, 12, 13, AND 14, 1973

20-306 O

Serial No. 93-51

Printed for the use of the

Committee on Interstate and Foreign Commerce

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1974

KF27

15536

19731

pt.2

COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE

HARLEY O. STAGGERS, West Virginia, Chairman

TORBERT H. MACDONALD, Massachusetts

JOHN JARMAN, Oklahoma

JOHN E. MOSS, California

JOHN D. DINGELL, Michigan

PAUL G. ROGERS, Florida

LIONEL VAN DEERLIN, California

J. J. PICKLE, Texas

FRED B. ROONEY, Pennsylvania

JOHN M. MURPHY, New York

DAVID E. SATTERFIELD III, Virginia

BROCK ADAMS, Washington

W. S. (BILL) STUCKEY, JR., Georgia

PETER N. KYROS, Maine
BOB ECKHARDT, Texas
RICHARDSON PREYER, North Carolina
BERTRAM L. PODELL, New York
HENRY HELSTOSKI, New Jersey
JAMES W. SYMINGTON, Missouri
CHARLES J. CARNEY, Ohio
RALPH H. METCALFE, Illinois
GOODLOE E. BYRON, Maryland
WILLIAM R. ROY, Kansas

SAMUEL L. DEVINE, Ohio
ANCHER NELSEN, Minnesota
JAMES T. BROYHILL, North Carolina
JAMES HARVEY, Michigan
TIM LEE CARTER, Kentucky
CLARENCE J. BROWN, Ohio
DAN KUYKENDALL, Tennessee
JOE SKUBITZ, Kansas

JAMES F. HASTINGS, New York
JAMES M. COLLINS, Texas
LOUIS FREY, JR., Florida
JOHN WARE, Pennsylvania
JOHN Y. MCCOLLISTER, Nebraska
DICK SHOUP, Montana

BARRY M. GOLDWATER, JR., California
NORMAN F. LENT, New York

H. JOHN HEINZ III, Pennsylvania
WILLIAM H. HUDNUT III, Indiana
SAMUEL H. YOUNG, Illinois

Securities and Exchange Commission on title I of H.R. 5050, with

attachment consisting of letter dated April 16, 1973, from SEC

Chairman Cook to Chairman Staggers on considerations involved

in requests for access to Commission files..

Treasury Department, on title IV of H. R. 5050...

117

124

Statement of-

Arachtingi, M. James, chairman of the board and president, Auerbach,

Pollak & Richardson, Inc____.

1377

Baker, Donald I., Director of Policy Planning, Antitrust Division,
Department of Justice.

1525

Bayless, James L., president, Rauscher Pierce Securities Corp. 1457, 1471
Becker, George R., chairman, Midwest Stock Exchange, Inc..

499

Berl, Warren H., industry director, New York Stock Exchange... 867, 893
Bevan, Robert L., assistant Federal legislative counsel, American

Bankers Association _ _ _

783, 1925

(III)