FOR IMMEDIATE RELEASE					                             2001-29


ACTING CHAIRMAN UNGER SENDS LETTER TO CHAIRMAN MICHAEL G. OXLEY CONCERNING
INVESTOR AND CAPITAL MARKETS FEE RELIEF ACT  

	Washington, DC, March 15, 2001 - Today Acting Chairman Unger sent the
following letter to Chairman Oxley in support of the proposed Investor and
Capital Markets Fee Relief Act bill.

March 15, 2001

The Honorable Michael G. Oxley
Chairman
Committee on Financial Services
U.S. House of Representatives
2129 Rayburn House Office Building
Washington, D.C.  20515

Dear Chairman Oxley:

I am pleased to write in enthusiastic support of the proposed "Investor and Capital Markets Fee
Relief Act."  This bill, as you described it today, will provide meaningful securities fee relief to
investors, market participants, and public companies, while assuring full and stable long-term
funding of the Commission.  I commend you and Subcommittee Chairman Baker,
Representatives Vito Fossella, Sue Kelly, Felix Grucci, Carolyn Maloney, and Joseph
Crowley, as well as the other co-sponsors and your staff, for crafting such a considered
approach to this technically complex and multi-faceted issue.
	
The pay parity provision is particularly important to the Commission's ability to attract and
retain qualified staff.  The proposed bill, together with commensurate authorization and
appropriation, will help address this issue.

Again, I express my sincere thanks for your leadership on these issues.  Please let me know if
there is anything my staff or I can do to assist you as this process moves forward.

Sincerely,



Laura S. Unger
Acting Chairman

cc:  	The Honorable John J. LaFalce
	Ranking Minority Member
	 

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