October 15, 1990
TO: MEMBERS - ONE PER COMPLEX NO. 45-90
RE: SEC FEE INCREASE WOULD BE MADE PERMANENT IN SENATE
APPROPRIATIONS BILL
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The appropriations bill passed by the Senate would make
permanent the increase in registration fees under Section 6(b) of
the Securities Act that was adopted last year. That increase
raised those fees from one-fiftieth of one percent to one-
fortieth of one percent of the maximum aggregate price of the
securities being offered.
The appropriations bill passed by the House contained no
funding provision for the SEC. The bills shortly will go to
conference and it is likely that the Senate provision will be
agreed to.
We will keep you informed of developments.
Craig S. Tyle
Associate General Counsel