Securities Exchange Act Amendments

[AI summary unavailable — showing source text] Securities Exchange Act Amendments - Title I: Selection and Administration of the Securities and Exchange Commission - Provides that any commissioner of the Securities and Exchange Commission may be removed by the President for neglect of duty or misfeasance in office, but for no other cause. Sets forth procedures for the appointment of a Commission chariman. Authorizes the Commission to conduct its own civil litigation, including litigation in the Supreme Court. Requires the Commission to submit any budget request to the Congress concurrently with transmittal to the Office of Management and Budget. Provide that when the Commission transmits any legislative recommendations, testimony, or comment on legislation to the Executive, it shall concurrently transmit a copy to the Congress. Title II: Regulation of Exchanges and Associations - Includes within the term "member," for purposes of the Act, any person who agrees to be regulated by an exchange and with respect to whom the exchange undertakes to enforce the Federal securities laws and the exchange rules. Makes registered national securities exchanges and associations subject to identical regulatory provisions. States that any regis…