Page:United States Statutes at Large Volume 92 Part 1.djvu/329

 PUBLIC LAW 95-283—MAY 21, 1978 "(40) The term 'financial responsibility rules' means the rules and regulations of the Commission or the rules and regulations prescribed by any self-regulatory organization relating to financial responsibility and related practices which are designated by the Commission, by rule or regulation, to be financial responsibility rules.".

92 STAT. 275 "Financial responsibility rules."

TABLE OF CONTENTS

SEC. 17. The table of contents of the Securities Investor Protection Act of 1970 (15 U.S.C. 78aaa et seq.) is amended to read as follows: "TABLE OF CONTENTS "Sec. •'Sec. "Sec. "Sec. •'Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec. "Sec.

1. Short title. 2. Application of Securities Exchange Act of 1934. 3. Securities Investor Protection Corporation, 4. SIPC Fund. 5. Protection of customers. 6. General provisions of a liquidation proceeding. 7. Powers and duties of trustee. 8. Special provisions of a liquidation proceeding. 9. SIPC advances. 10. Direct payment procedure. 11. SEC functions. 12. Examining authority functions. 13. Functions of self-regulatory organizations. 14. Prohibited acts. 15, Miscellaneous provisions. 16. Definitions.". SMALL ISSUE EXEMPTION

SEC. 18. Section 3(b) of the Securities Act of 1933 (15 U.S.C. 77c(b)) is amended by striking out "$500,000" and inserting in lieu thereof "$1,500,000". AMENDMENT TO THE SECURITIES EXCHANGE ACT OF 1934

SEC. 18. (a) Section 11(a)(3) of the Securities Exchange Act of 1934 (15 U.S.C. 78k(a)(3)) is amended by striking out "May 1, 1975" and inserting in lieu thereof "February 1, 1978" and by striking out "May 1, 1978" each place it appears and inserting in lieu thereof "February 1, 1979". (b) The amendment made by subsection (a) of this section shall be effective as of May 1, 1978. Approved May 21, 1978. LEGISLATIVE HISTORY: HOUSE REPORT No. 95-746 (Comm. on Interstate and Foreign Commerce). SENATE REPORT No. 95-763 (Comm. on Banking, Housing, and Urban Affairs). CONGRESSIONAL RECORD: Vol. 123 (1977): Nov. 1, considered and passed House. Vol. 124 (1978): Apr. 26, considered and passed Senate, amended. May 2, House agreed to certain Senate amendments; disagreed to Senate amendment No. 8; and disagreed to Senate amendment No. 9 with an amendment. May 4, Senate insisted on its amendment No. 8; agreed to House amendment of No. 9 with an amendment. May 9, House agreed to Senate amendment No. 9; concurred in Senate amendment of No. 8 with an amendment. May 10, Senate concurred on House amendment of No. 8.

Effective date. 15 USC 78k note.

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