Sen. Phil Gramm, chairman of the Committee on Banking, Housing and Urban Affairs, has announced that the committee will meet at 10:00 a.m. Thursday, March 1, to conduct a mark-up of S.143, the Competitive Market Supervision Act of 2001, as well as the Banking Committee's budget and organization.

S.143, introduced January 22, would save investors $8 billion over 5 years by reducing the fees collected on securities registrations and transactions. In addition, the bill would strengthen the SEC by allowing the agency to bring the pay of its employees in line with the higher pay schedules of other federal financial regulators.

A hearing was held on the Competitive Market Supervision Act on February 14; statements from witnesses and senators can be found under Hearings on the Banking Committee's web site at http://banking.senate.gov. A summary of S.143 can be found under Documents on the web site.

WHAT:
Mark-up of S.143, the Competitive Market Supervision Act of 2001

WHEN:
10:00 a.m. March 1, 2001

WHERE:
Room 538, Dirksen Senate Building