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Code · BILL · 116th Congress · S. 2524 (Reported in Senate) — Making appropriations for financial services and general government for the fiscal year ending September 30, 2020, an... · Sec. 530

Sec. 530.

138 words·~1 min read·/bill/116/s/2524/rs/section-530

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Within one year of the enactment of this Act, the Securities and Exchange Commission shall submit to the Committees on Appropriations of the House of Representatives and the Senate, the Committee on Financial Services of the House of Representatives, and the Committee on Banking, Housing, and Urban Affairs of the Senate, a report concerning the Municipal Securities Rulemaking Board. The report shall detail: the Commission’s legal authorities with respect to: the composition of the board and the selection of board members; and the compensation of board members and executive staff; whether board member and executive staff compensation is commensurate with that of State and local public finance officials, including State treasurers and municipal finance directors; and whether the current board member selection process ensures adequate representation of municipal securities stakeholders and accountability to local governments and municipal bondholders.
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