Page:United States Statutes at Large Volume 115 Part 3.djvu/325

 PUBLIC LAW 107-123—JAN. 16, 2002 115 STAT. 2399 (ii) the effects of implementing the plan developed under this paragraph in the annual program performance report submitted under section 1116 of title 31, United States Code. (2) IMPLEMENTATION REPORT.— (A) IN GENERAL.— Before implementing the plan developed under paragraph (1), the Securities and Exchange Commission shall submit a report to the Committee on Governmental Affairs and the Committee on Banking, Housing, and Urban Affairs of the Senate, the Committee on Government Reform and the Committee on Financial Services of the House of Representatives, and the Office of Personnel Management on the details of the plan. (B) CONTENT. —The report under this paragraph shall include— (i) evidence and supporting documentation justifying the plan; and (ii) budgeting projections on costs and benefits resulting from the plan, (d) TECHNICAL AND CONFORMING AMENDMENTS.— (1) AMENDMENTS TO TITLE 5, UNITED STATES CODE.— (A) The table of chapters for part III of title 5, United States Code, is amended by adding at the end of subpart C the following: "48. Agency Personnel Demonstration Project 4801.". (B) Section 3132(a)(1) of title 5, United States Code, is amended— (i) in subparagraph (C), by striking "or" after the semicolon; (ii) in subparagraph (D), by inserting "or" after the semicolon; and (iii) by adding at the end the following: "(E) the Securities and Exchange Commission;". (C) Section 5373(a) of title 5, United States Code, is amended— (i) in paragraph (2), by striking "or" after the semicolon; (ii) in paragraph (3), by striking the period and inserting "; or"; and (iii) by adding at the end the following: "(4) section 4802.". (2) AMENDMENT TO SECURITIES EXCHANGE ACT OF 1934.— Section 4(b) of the Securities Exchange Act of 1934 (15 U.S.C. 78d(b)) is amended by striking paragraphs (1) and (2) and inserting the following: "(1) APPOINTMENT AND COMPENSATION.— The Commission shall appoint and compensate officers, attorneys, economists, examiners, and other employees in accordance with section 4802 of title 5, United States Code. "(2) REPORTING OF INFORMATION.— In establishing and adjusting schedules of compensation and benefits for officers, attorneys, economists, examiners, and other employees of the Commission under applicable provisions of law, the Commission shall inform the heads of the agencies referred to under section 1206 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1833b) and Congress of

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