August 9, 1991
TO: MEMBERS - ONE PER COMPLEX NO. 33-91
SEC RULES MEMBERS NO. 43-91
CLOSED-END FUND MEMBERS NO. 35-91
UNIT INVESTMENT TRUST MEMBERS NO. 33-91
RE: SENATE PASSES BILL CONTAINING REGISTRATION FEE INCREASE
__________________________________________________________
Last week, the U.S. Senate passed SEC appropriations
legislation. The bill would raise registration fees under
Section 6(b) of the Securities Act to 1/32nd of 1%. (As we
previously informed you, the President's proposed budget for
fiscal year 1992 contained such an increase in SEC fees. See
Memorandum to Members-One Per Complex No. 6-91, SEC Rules Members
No. 9-91, Closed-End Fund Members No. 7-91 and Unit Investment
Trust Members No. 6-91, dated February 13, 1991.) The
appropriations bill passed earlier by the House did not include a
registration fee increase, so the issue will have to be resolved
in a House-Senate Conference.
We will keep you informed of developments.
Craig S. Tyle
Associate General Counsel