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regulatory enforcement or rulemaking by such national securi- ties associations; (2) the examinations carried out by the national securities associations, including the expertise of the examiners; (3) the executive compensation practices of such national securities associations; (4) the arbitration services provided by the national securi- ties associations; (5) the review performed by national securities associations of advertising by the members of the national securities associa- tions; (6) the cooperation with and assistance to State securities administrators by the national securities associations to pro- mote investor protection; (7) how the funding of national securities associations is used to support the mission of the national securities associa- tions, including— (A) the methods of funding; (B) the sufficiency of funds; (C) how funds are invested by the national securities association pending use; and (D) the impact of the methods, sufficiency, and invest- ment of funds on regulatory enforcement by the national securities associations; (8) the policies regarding the employment of former employees of national securities associations by regulated enti- ties; (9) the ongoing effectiveness of the rules of the national securities associations in achieving the goals of the rules; (10) the transparency of governance and activities of the national securities associations; and (11) any other issue that has an impact, as determined by the Comptroller General, on the effectiveness of such national securities associations in performing their mission and in dealing fairly with investors and members; (b) REIMBURSEMENTS FOR COST OF REPORTS.— (1) REIMBURSEMENTS REQUIRED.—The Commission shall reimburse the Government Accountability Office for the full cost of making the reports under subsection (a), as billed therefor by the Comptroller General. (2) CREDITING AND USE OF REIMBURSEMENTS.—Such reimbursements shall— (A) be credited to the appropriation account ‘‘Salaries and Expenses, Government Accountability Office’’ current when the payment is received; and (B) remain available until expended.

SEC. 965. COMPLIANCE EXAMINERS. Section 4 of the Securities Exchange Act of 1934 (15 U.S.C. 78d) is amended by adding at the end the following: ‘‘(h) EXAMINERS.— ‘‘(1) DIVISION OF TRADING AND MARKETS.—The Division of Trading and Markets of the Commission, or any successor organizational unit, shall have a staff of examiners who shall—

LAWS ‘‘(A) perform compliance inspections and examinations of entities under the jurisdiction of that Division; and ‘‘(B) report to the Director of that Division.PUBLIC with on anorris VerDate Nov 24 2008 03:41 Aug 28, 2010 Jkt 089139 PO 00203 Frm 00537 Fmt 6580 Sfmt 6581 E:\PUBLAW\PUBL203.111 GPO1 PsN: PUBL203