Securities and Exchange Commission Authorization Act of 1987
Public Law 100-181 · S. 1452 · 100th Congress · began in the Senate
Signed by Ronald Reagan (R) on Dec 4, 1987 · Finance and Financial Sector
Sponsor: Sen. Donald Riegle (D-MI)
Cosponsors: None
Passage votes
- HouseUnanimous consent
- SenateVoice vote
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
(Senate agreed to House amendments with an amendment)
Securities and Exchange Commission Authorization Act of 1987 - Title I: Authorization - Amends the Securities Exchange Act of 1934 to authorize appropriations for the Securities and Exchange Commission for FY 1988 and 1989. Earmarks a specified portion of such funds for the purpose of establishing and operating the electronic data gathering, analysis, and retrieval (EDGAR) system.
Sets forth requirements for the funding of the establishment and operation of the system. Requires the Commission to submit semiannual reports to specified congressional committees on system development, implementation, progress, costs, and revenues.
Specifies that only a certain amount of funds appropriated for the EDGAR system for FY 1988 and no FY 1989 funds may be expended unless the Commission has made a certification to specified congressional committees with respect to system costs, benefits, implementation, capabilities, and filing requirements.
Requires the Commission to prescribe: (1) restrictions on the sale or dissemination of, and access to EDGAR system information; and (2) requirements for filings with the Commission in a form suitable for entry into the system and in written form for the shorter of one year or until the system is determined to be effective, efficient, and reliable.
Title II: Amendments to the Securities Act of 1933 - Amends the Securities Act of 1933 to make technical, clarifying, and conforming amendments.
Title III: Amendments to the Securities Exchange Act of 1934 - Amends the Securities Exchange Act of 1934 to make technical, clarifying, and conforming amendments.
Sets forth provisions governing the disciplining of transfer agents which conform to provisions governing the disciplining of municipal securities dealers.
Title IV: Amendments to the Public Utility Holding Company Act of 1935 - Amends the Public Utility Holding Company Act of 1935 to make technical, clarifying, and conforming amendments.
Title V: Amendments to the Trust Indenture Act of 1939 - Amends the Trust Indenture Act of 1939 to make technical amendments.
Title VI: Amendments to the Investment Company Act of 1940 - Amends the Investment Company Act of 1940 to make technical, clarifying, and conforming amendments.
Title VII: Amendments to the Investment Advisers Act of 1940 - Amends the Investment Advisers Act of 1940 to make technical, clarifying, and conforming amendments.
Title VIII: Amendments Relating to Government Securities Act of 1986 - Makes technical amendments to the Securities Exchange Act of 1934 and the Securities Investor Protection Act of 1970 in order to conform such Acts to the Government Securities Act of 1986.
Committees
The committees the bill was sent to, and what each did with it.
Energy and Commerce Committee · House · discharged from, referred toSubcommittee: Telecommunications and Finance Subcommittee
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 16 actions.
- Dec 4, 1987Became lawBecame law · Became Public Law No: 100-181.
- Became lawBecame law · Signed by President.
- Nov 25, 1987PresidentPresident · Measure presented to President.
- Nov 20, 1987Resolving differencesResolving differences · House Agreed to Senate Amendments to House Amendments by Unanimous Consent.
- Oct 30, 1987Resolving differencesResolving differences · Senate agreed to the House amendment to the title. By Voice Vote.
- Resolving differencesResolving differences · Senate concurred in the House amendments with an amendment by Voice Vote.
- FloorFloor · Measure laid before Senate by unanimous consent.
- Sep 10, 1987FloorFloor · Passed House (Amended) by Voice Vote.
- FloorFloor · Called up by House by Unanimous Consent.
- CommitteeCommittee · Discharged from House Energy and Commerce Committee
- Jul 27, 1987CommitteeCommittee · Referred to Telecommunications and Finance Subcommittee of the House Energy and Commerce Committee
- Jul 14, 1987CommitteeCommittee · Referred to House Energy and Commerce Committee
- Jul 10, 1987FloorFloor · Passed Senate without amendment by Voice Vote.
- Jun 30, 1987CommitteeCommittee · Reported original measure by Senate Banking, Housing, and Urban Affairs Committee
- IntroducedIntroduced · Introduced in the Senate
- Jun 24, 1987CommitteeCommittee · Markup by Senate Banking, Housing, and Urban Affairs Committee
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.