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Hearings Likely on Fee Cap As SEC Assessments Soar

Traders Magazine, June 1999

William Hoffman

The sponsor of legislation to cap Section 31(a) transaction fees expects the House Commerce Committee to hold hearings sometime before Congress's August recess, a spokesman said.

"The bill seems to be moving along very nicely," said Craig Donner, press secretary to Rep. Vito Fossella (R-N.Y.), the sponsor of H.R. 1256, the "Savings and Investment Relief Act of 1999."

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