PUBLIC LAW 98-38 —JUNE 6, 1983 97 STAT. 205 Public Law 98-38 98th Congress An Act To make certain amendments to sections 4, 13, 14, 15, and 15B of the Securities Exchange Act of 1934. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. Section 4 of the Securities Exchange Act of 1934 (15 U.S.C. 78d) is amended by adding at the end thereof the following new subsections: "(c) Notwithstanding any other provision of law, in accordance with regulations which the Commission shall prescribe to prevent conflicts of interest, the Commission may accept payment and reim- bursement, in cash or in kind, from non-Federal agencies, organiza- tions, and individuals for travel, subsistence, and other necessary expenses incurred by Commission members and employees in attending meetings and conferences concerning the functions or activities of the Commission. Any pa3niient or reimbursement ac- cepted shall be credited to the appropriated funds of the Commis- sion. The amount of travel, subsistence, and other necessary ex- penses for members and employees paid or reimbursed under this subsection may exceed per diem amounts established in official travel regulations, but the Commission may include in its regula- tions under this subsection a limitation on such amounts. "(d) Notwithstanding any other provision of law, former employ- ers of participants in the Commission's professional fellows pro- grams may pay such participants their actual expenses for relocation to Washington, District of Columbia, to facilitate their participation in such programs, and program participants may accept such payments.". SEC. 2. (a) Section 13(e) of the Securities Exchange Act of 1934 (15 U.S.C. 78m) is amended by adding at the end thereof the following new paragraph: "(3) At the time of filing such statement as the (]!ommission may require by rule pursuant to paragraph (1) of this subsection, the person making the filing shall pay to the Commission a fee of Vso of 1 per centum of the value of securities proposed to be purchased. The fee shall be reduced with respect to securities in an amount equal to any fee paid with respect to any securities issued in connection with the proposed transaction under section 6(b) of the Securities Act of 1933, or the fee paid under that section shall be reduced in an amount equal to the fee paid to the Commission in connection with such transaction under this paragraph.". (b) Section 14 of the Securities Exchange Act of 1934 (15 U.S.C. 78n) is amended by adding at the end thereof the following new subsection: "(g)(l)(A) At the time of filing such preliminary proxy solicitation material as the Commission may require by rule pursuant to subsec- tion (a) of this section that concerns an acquisition, merger, consoli- dation, or proposed sale or other disposition of substantially all the June 6, 1983 [H.R. 2681] Securities Exchange Act of 1934, amendment. Reimbursement regulations. Filing fee. 15 USC 77f. Filing fees.
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