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IMTEC-92-86R 1 (1992-09-30)

handle is hein.gao/gaobackdi0001 and id is 1 raw text is: GAO United tate. General Accounting Ofiee Washingto, D.C. 2068 Informaulon Manament and Technology Division B-222177 147725 September 30, 1992 The Honorable John D. Dingell Chairman, Subcommittee on Oversight and Investigations Committee on Energy and Commerce House of Representatives Dear Mr. Chairman: In a letter dated June 25, 1992, you asked that we review several concerns of the Taxpayer Assets Project' pertaining to public access to data within the Securities and Exchange Commission's (SEC) Electronic Data Gathering, Analysis, and Retrieval (EDGAR) System. Our review focused on determining (1) whether the Commission's approach to providing public access to EDGAR data is consistent with applicable statutes, and (2) whether concerns pertaining to the cost and means of accessing EDGAR data expressed in the Project's letter of June 17, 1992, to SEC Chairman Breeden reflect a full and accurate understanding of the SEC's plans for public access to EDGAR data. RESULTS IN BRIEF The Commission's approach to providing public access to and dissemination of EDGAR data is consistent with the specific requirements Congress established for the system in the Securities and Exchange Authorization Act of 1987.2 The specific dissemination requirements established in the act are incorporated in the EDGAR contract awarded to BDM International, Inc., in January 1989. 'The Taxpayer Assets Project is an ad hoc group composed of over 200 economists, journalists, librarians, and researchers seeking bet'er,° less costly accessto EdAR 6ata through dissemination programs and products designed to meet their needs. 2Section 102 of Public Law 100-181, December 4, 1987, 15 U.s.c. 789. GAO/IMTEC-92-86R, SEC: EDGAR Information Dissemination C 725

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