Page:United States Statutes at Large Volume 124.djvu/1956

 124 STAT. 1930 PUBLIC LAW 111–203—JULY 21, 2010 (1) in the subparagraph heading, by inserting ‘‘, BROKER, OR DEALER’’ after ‘‘ISSUER’’; (2) by striking ‘‘any issuer’’ each place that term appears and inserting ‘‘any issuer, broker, or dealer’’; and (3) by striking ‘‘an issuer under this subsection’’ and inserting ‘‘a registered public accounting firm under this sub- section’’. (g) FOREIGN PUBLIC ACCOUNTING FIRMS.—Section 106(a) of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7216(a)) is amended— (1) in paragraph (1), by striking ‘‘issuer’’ and inserting ‘‘issuer, broker, or dealer’’; and (2) in paragraph (2), by striking ‘‘issuers’’ and inserting ‘‘issuers, brokers, or dealers’’. (h) FUNDING.—Section 109 of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7219) is amended— (1) in subsection (c)(2), by striking ‘‘subsection (i)’’ and inserting ‘‘subsection (j)’’; (2) in subsection (d)— (A) in paragraph (2), by striking ‘‘allowing for differen- tiation among classes of issuers, as appropriate’’ and inserting ‘‘and among brokers and dealers, in accordance with subsection (h), and allowing for differentiation among classes of issuers, brokers and dealers, as appropriate’’; and (B) by adding at the end the following: ‘‘(3) BROKERS AND DEALERS.—The Board shall begin the allocation, assessment, and collection of fees under paragraph (2) with respect to brokers and dealers with the payment of support fees to fund the first full fiscal year beginning after the date of enactment of the Investor Protection and Securities Reform Act of 2010.’’; (3) by redesignating subsections (h), (i), and (j) as sub- sections (i), (j), and (k), respectively; and (4) by inserting after subsection (g) the following: ‘‘(h) ALLOCATION OF ACCOUNTING SUPPORT FEES AMONG BRO- KERS AND DEALERS.— ‘‘(1) OBLIGATION TO PAY.—Each broker or dealer shall pay to the Board the annual accounting support fee allocated to such broker or dealer under this section. ‘‘(2) ALLOCATION.—Any amount due from a broker or dealer (or from a particular class of brokers and dealers) under this section shall be allocated among brokers and dealers and pay- able by the broker or dealer (or the brokers and dealers in the particular class, as applicable). ‘‘(3) PROPORTIONALITY.—The amount due from a broker or dealer shall be in proportion to the net capital of the broker or dealer (before or after any adjustments), compared to the total net capital of all brokers and dealers (before or after any adjustments), in accordance with rules issued by the Board.’’. (i) REFERRAL OF INVESTIGATIONS TO A SELF-REGULATORY ORGANIZATION.—Section 105(b)(4)(B) of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7215(b)(4)(B)) is amended— (1) by redesignating clauses (ii) and (iii) as clauses (iii) and (iv), respectively; and (2) by inserting after clause (i) the following: 15 USC 78m. Fees.