12 May 2006
-----------------------------------------------------------------------
[Federal Register: May 12, 2006 (Volume 71, Number 92)]
[Presidential Documents]
[Page 27941-27943]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr12my06-146]
[[Page 27941]]
-----------------------------------------------------------------------
Part III
The President
-----------------------------------------------------------------------
Memorandum of May 5, 2006--Assignment of Function Relating to Granting
of Authority for Issuance of Certain Directives
Presidential Documents
___________________________________________________________________
Title 3--
The President
[[Page 27943]]
Memorandum of May 5, 2006
Assignment of Function Relating to Granting of
Authority for Issuance of Certain Directives
Memorandum for the Director of National Intelligence
By virtue of the authority vested in me by the
Constitution and laws of the United States, including
section 301 of title 3, United States Code, I hereby
assign to you the function of the President under
section 13(b)(3)(A) of the Securities Exchange Act of
1934, as amended (15 U.S.C. 78m(b)(3)(A)). In
performing such function, you should consult the heads
of departments and agencies, as appropriate.
You are authorized and directed to publish this
memorandum in the Federal Register.
(Presidential Sig.)B
THE WHITE HOUSE,
Washington, May 5, 2006.
[FR Doc. 06-4538
Filed 5-11-06; 9:04 am]
Billing code 3910-A7-M
------------------------------------------------------------------------------
http://frwebgate4.access.gpo.gov/cgi-bin/waisgate.cgi?WAISdocID=4582177461+90+0+0&WAISaction=retrieve
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document affected by Public Law 107-123 Section 5]
[CITE: 15USC78m]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2B--SECURITIES EXCHANGES
Sec. 78m. Periodical and other reports
[Excerpt]
(b) Form of report; books, records, and internal accounting; directives
(2) Every issuer which has a class of securities registered pursuant
to section 78l of this title and every issuer which is required to file
reports pursuant to section 78o(d) of this title shall--
(A) make and keep books, records, and accounts, which, in
reasonable detail, accurately and fairly reflect the transactions
and dispositions of the assets of the issuer; and
(B) devise and maintain a system of internal accounting controls
sufficient to provide reasonable assurances that--
(i) transactions are executed in accordance with
management's general or specific authorization;
(ii) transactions are recorded as necessary (I) to permit
preparation of financial statements in conformity with generally
accepted accounting principles or any other criteria applicable
to such statements, and (II) to maintain accountability for
assets;
(iii) access to assets is permitted only in accordance with
management's general or specific authorization; and
(iv) the recorded accountability for assets is compared with
the existing assets at reasonable intervals and appropriate
action is taken with respect to any differences.
(3)(A) With respect to matters concerning the national security of
the United States, no duty or liability under paragraph (2) of this
subsection shall be imposed upon any person acting in cooperation with
the head of any Federal department or agency responsible for such
matters if such act in cooperation with such head of a department or
agency was done upon the specific, written directive of the head of such
department or agency pursuant to Presidential authority to issue such
directives. Each directive issued under this paragraph shall set forth
the specific facts and circumstances with respect to which the
provisions of this paragraph are to be invoked. Each such directive
shall, unless renewed in writing, expire one year after the date of
issuance.
(B) Each head of a Federal department or agency of the United States
who issues a directive pursuant to this paragraph shall maintain a
complete file of all such directives and shall, on October 1 of each
year, transmit a summary of matters covered by such directives in force
at any time during the previous year to the Permanent Select Committee
on Intelligence of the House of Representatives and the Select Committee
on Intelligence of the Senate.
[End excerpt]
-----------------------------------------------------------------------------