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DEC
09
•
93
17:
06
FROM
TF
SUBCOMM
IT
TEE
TO
96282042
PAGE.
002
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I l t ~ t e j m t a t i b d
(olllmittee
on
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n1t01I.
IK
205
tH'US
December
8,
1993The
Honorable
A r ~ h u r
Levitt,
Jr.
Chairman
Securities
and
Exehange
Commission450
Fifth
street,
N.W.
W a s h 1 ~ q t o n ,
D.C.
20549
Dear
Chairman
Levitt:
Pursuant
to
Rules
X
and
XI
,o,t
the
Rules
ot
the
U.
S.
House
ot
Represent·atives,
and
ourcontinuing'
oversigbtofaecuriti,es
and
exchanges,
we
,are
oonducting
an
inquiry
into
issues
raised
in
the
securities
and
Exchange
cODUlllssion's
EDGAR
Status
Report
(J'une
30,
1'993)
which
was
received
by
the
Committee
on
October
,8"
1993"
and
in
press
reports
about
NationalScience
Foundationfunding
for
a
project
to
make
the
EDGAR
databae&
available
on
theqlobal
Internet
computer
network.
The
EDGAR
s t a ~ u s
report
reveals
that
the
start
ot
manaatory
electronic
tiling
is
approximately
25
months
bebind
the
schedule
originally
proposed
by
80M
Fed.eral,
Inc.
Moreover,
the
c o n t r a c ~
conuni
tment
ot
$,70.6
mIllion
is
$19.1
million
above
the
original
award
of
$51.5
million
for
the
e,ight-year
contract.
The
eight-
year
EDGAR
con,tracthas
a
aeleqa,tion
of
procurement
authority
from
tne
General
Services
Administration
of
$78.3
million,
$7.7
million
above
the
currant
contract
commitmentand
$26.8
million
over
the
original
contract
award.
The
appendix
on
technicalissues
does
not
address
the
existence"
if
any,
of
a
disaster
recovery
plan
tor
the
EDGAR
system.
Pl.ease
include,
such
a
report
in
the
Oecember31
status
report.
We
would
also
appreciate
an
evalua'tion
of
your
cost
containment
program.
Finally,
I
am
enclosing
a
copy
ot:
my
De,cember
,8,
19'93
letter
to
the
National
Science
Foundation
and
asking
you
to
respond
to
the
questions
posed
therein,
as
appropriate.
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