| "Sec. 35. AUTHORIZATION OF APPROPRIATIONS. |
| "In addition to any other funds authorized to be appropriated to the Commission,
there are authorized to be appropriated to carry out the functions, powers,
and duties of the Commission, $ 776,000,000 for fiscal year 2003, of which-- |
"(1) $ 102,700,000 shall be available to fund additional compensation,
including salaries and benefits, as authorized in the Investor and Capital
Markets Fee Relief Act (Public Law 107-123; 115 Stat. 2390 et seq.); |
"(2) $ 108,400,000 shall be available for information technology, security
enhancements, and recovery and mitigation activities in light of the terrorist
attacks of September 11, 2001; and |
"(3) $ 98,000,000 shall be available to add not fewer than an additional
200 qualified professionals to provide enhanced oversight of auditors and
audit services required by the Federal securities laws, and to improve Commission
investigative and disciplinary efforts with respect to such auditors and
services, as well as for additional professional support staff necessary
to strengthen the programs of the Commission involving Full Disclosure and
Prevention and Suppression of Fraud, risk management, industry technology
review, compliance, inspections, examinations, market regulation, and investment
management.". |
