Bill To Speed Hiring Sails Through House

Ferris, Craig T.
June 2003
Bond Buyer;6/18/2003, Vol. 344 Issue 31659, p5
Trade Publication
The United States House approved a legislation that would make it easier for the Securities and Exchange Commission (SEC) to hire new compliance and enforcement staff members to help trace securities law violators, on June 17, 2003. The bill, HR 658, the Accountant, Compliance and Enforcement Staffing Act of 2003, was approved on a 423-to-0 vote. The agency had been stymied by long delays because accountants, economists, and compliance examiners needed could only be hired if they met time-consuming civil service posting and competitive requirements. But the approved measure would allow them to be hired under the same expedited process that is used to hire SEC attorneys, while still providing them with civil service job protection and benefits.


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