Page:United States Statutes at Large Volume 96 Part 2.djvu/1132

 96 STAT. 2494 «

PUBLIC LAW 97-454—JAN. 12, 1983

Public Law 97-454 97th Congress

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An Act Jan 12 1983 ' [H.R. 7410]

Quarterly transfe? '"^^'"^' 13 USC 101.

13 USC 91.

15 USC 46.

" ^ amend title 13, United States Code, to transfer responsibility for the quarterly ^ financial report from the Federal Trade Commission to the Secretary of Commerce, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) chapter 3 ^^ * * ® ^^' United States Code, is amended— ^* (1) by redesignating subchapter III as subchapter IV; and (2) by inserting after subchapter II the following: "SUBCHAPTER HI—QUARTERLY FINANCIAL STATISTICS < "(a) The Secretary shall collect and publish quarterly financial statistics of business operations, organization, practices, management, and relation to other businesses, including data on sales, expenses, profits, assets, liabilities, stockholders' equity, and related accounts generally used by businesses in income statements, balance sheets, and other measures of financial condition. "(b) Except to the extent determined otherwise by the Secretary on the basis of changed circumstances, the nature of statistics collected and published under this section, and the manner of the collection and publication of such statistics, shall conform to the quarterly financial reporting program carried out by the Federal Trade Commission before the effective date of this section under section 60)) of the Federal Trade Commission Act. "(c) For purposes of section 6103(j)(l) of the Internal Revenue Code of 1954, the conducting of the quarterly financial report progreun under this section shall be considered as the conducting of a related statistical activity authorized by law.". (b) The table of contents of chapter 3 of title 13, United States Code, is amended by striking out "111" in the item relating to subchapter III, and inserting IV" in lieu thereof, and by inserting after the item relating to subchapter 11 the following: "SUBCHAPTER m—QUARTERLY FINANCIAL STATISTICS "91. Collection and publication.".
 * § 91. Collection and publication

13 USC 91 note.

SEC. 2. (a) There are transferred to the Secretary of Commerce, for administration under section 91 of title 13, United States Code, all functions relating to the quarterly financial report program which was carried out by the Federal Trade Commission before the effective date of this Act pursuant to the authority of section 6(b) of the Federal Trade Commission Act (15 U.S.C. 46(b)). (b) All personnel, property, and records of the Federal Trade Commission which the Director of the Office of Management and Budget determines, after consultation with the Secretary of Commerce and the Chairman of the Federal Trade (Dommission, to be employed, held, or used in connection with any function relating to the quarterly financial report program shall be transferred to the

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