Statement on Signing the Government Securities Act Amendments of 1993
Today I have signed into law S. 422, the "Government Securities Act Amendments of 1993." S. 422 permanently reauthorizes the Treasury Department's rulemaking authority under the Government Securities Act and extends important investor protections to the Government securities market. It also provides important new surveillance tools to the Department of the Treasury and the Securities and Exchange Commission. This legislation will help maintain the confidence of investors in the integrity of the Government securities market. It will thus ensure that the Treasury has access to an efficient and liquid market, which is vital to selling the Government's debt at the lowest possible cost.
I am pleased that the legislative process achieved compromises acceptable to the many interested participants. I thank all involved for their hard work culminating in the enactment of this comprehensive and needed legislation. As a result of their efforts, the Federal Government now has the tools necessary to ensure the continuing integrity, efficiency, and liquidity of the Government securities market.
WILLIAM J. CLINTON
The White House, December 17, 1993.
NOTE: S. 422, approved December 17, was assigned Public Law No. 103-202.
William J. Clinton, Statement on Signing the Government Securities Act Amendments of 1993 Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/219414