Page:United States Statutes at Large Volume 107 Part 3.djvu/421

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PUBLIC LAW 103-202—DEC. 17, 1993 107 STAT. 2359 (C) A brief description of any action taken by the Secretary during such year with respect to any such violation, including any referrals made to the Attorney General, the Securities and Exchange Commission, any other law enforcement agency, and any Federal banking agency (as defined in section 3 of the Federal Deposit Insurance Act). (2) DELAY IN DISCLOSURE OF INFORMATION IN CERTAIN CASES. —The Secretsiry of the Treasury shall not be required to include in a report under paragraph (1) any information the disclosure of which could jeopardize an investigation by an agency described in paragraph (1)(C) for so long as such disclosure could jeopardize the investigation. SEC. 203. NOTICE ON TREIASURY MODIFICATIONS TO AUCTION PROC- 31 USC 3121 ESS. note. The Secretary of the Treasury shall notify the Congress of any significant modifications to the auction process for issuing United States Treasury obligations at the time such modifications are implemented. TITLE III—LIMITED PARTNERSHIP Limited Partnership ROLLUPS »S°TM SEC. 301. SHORT TITLE. 15 USC 78a This title may be cited as the "Limited Partnership RoUup Reform Act of 1993". SEC. 302. REVISION OF PROXY SOLICITATION RULES WITH RESPECT TO LIMITED PARTNERSHIP ROLLUP TRANSACTIONS. (a) AMENDMENT. —Section 14 of the Securities Exchange Act of 1934 (15 U.S.C. 78n) is amended by adding at the end the following new subsection: "(h) PROXY SOLICITATIONS AND TENDER OFFERS IN CONNECTION WITH LIMITED PARTNERSHIP ROLLUP TRANSACTIONS. — "(1) PROXY RULES TO CONTAIN SPECIAL PROVISIONS.— It shall be unlawful for any person to solicit any proxy, consent, or authorization concerning a limited partnership rollup transaction, or to make any tender offer in furtherance of a limited partnership rollup transaction, unless such transaction is conducted in accordance with rules prescribed by the Commission under subsections (a) and (d) as required by this subsection. Such rules shall— "(A) permit any holder of a security that is the subject of the proposed limited partnership rollup transaction to engage in preliminary communications for the purpose of determining whether to solicit proxies, consents, or authorizations in opposition to the proposed limited partnership rollup iTansaction, without regard to whether any such communication would otherwise be considered a solicitation of proxies, and without being required to file soliciting material with the Commission prior to making that determination, except that— "(i) nothing in this subparagraph shall be construed to limit the application of any provision of this title prohibiting, or reasonably designed to prevent,