Part 2

MUTUAL FUND AMENDMENTS

HEARINGS

BEFORE THE

SUBCOMMITTEE ON COMMERCE AND FINANCE.

OF THE

Congress. House. COMMITTEE ON

INTERSTATE AND FOREIGN COMMERCE HOUSE OF REPRESENTATIVES

NINETY-FIRST CONGRESS

FIRST SESSION

ON

H.R. 11995, S. 2224, H.R. 13754, and
H.R. 14737

BILLS TO AMEND THE INVESTMENT COMPANY ACT OF
1940, THE INVESTMENT ADVISERS ACT OF 1940, AND THE
SECURITIES EXCHANGE ACT OF 1934

NOVEMBER 12, 13, 14, 17, 18, 19, 20, 21, DECEMBER 8, 9, 10,
AND 11, 1969

Serial No. 91-34

Printed for the use of the Committee on Interstate and Foreign Commerce

38-588

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1970

KF27 IELES 19647

COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE

HARLEY O. STAGGERS, West Virginia, Chairman

TORBERT H. MACDONALD, Massachusetts SAMUEL L. DEVINE, Ohio

Report of-

Federal Reserve System on H.R. 11995, H.R. 12867,1 and S. 2224___

132

Anderson, Truman E., president, and Truman E. Anderson, Jr.,

Petro-Search, Inc....

731

Augenblick, Robert L., president and general counsel, Investment
Company Institute_

428

Beldock, Donald T., executive vice president and chairman, Finance
Committee, White Shield Corp--.

717

Bradley, S. Whitney, chairman, Investment Companies Committee,
National Association of Securities Dealers, Inc.-

423

Budge, Hon. Hamer H., Chairman, Securities and Exchange Com-
mission..

172,853

Butterfield, James C., treasurer, Independent Broker-Dealers Trade
Association.

Calvert, Gordon L., general counsel, Investment Bankers Association
Chapman, Alger B., Jr., chairman, Federal Securities Acts Committee,
Investment Bankers Association___

525

455

455

Cocchi, Raymond W., president, Independent Broker-Dealers Trade
Association _ _

525

Congleton, Richard J., senior vice president, Prudential Insurance
Co. of America, on behalf of the American Life Convention and the
Life Insurance Association of America.--

498

1 Superseded by H.R. 14737.

2 Superseded by H.R. 12867, which in turn was superseded by H.R. 14737