,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #afbf  ,,in ,,the ,,house ,,of  
,,representatives  ,april #ah1 #bjac    
,mrs4 ,wagner 7for herself and ,mr4     
,garrett7 introduced the following bill2
 which was referred to the ,committee on
 ,financial ,services  ,a ,,bill  ,to   
amend the ,securities ,exchange ,act of 
#aicd to prohibit the ,securities and   
,exchange ,commission from issuing rules
 requiring the disclosure of an issuer's
 expenditures for political activities4 
#a4 ,short title ,this ,act may be cited
 as the ,focusing the ,,sec on ,its     
,mission ,act4  #b4 ,prohibition on     
requiring disclosure of political       
expenditures ,section #ac of the        
,securities ,exchange ,act of #aicd     
7#ghm7 is amended by adding at the end  
the following3  7s7 ,prohibition on     
requiring disclosure of political       
expenditures  7#a7 ,in general ,the     
,commission shall not require the       
disclosure by an issuer of any political
 expenditure4  7#b7 ,definition ,the    

term political expenditure means--  7,a7
 an independent expenditure1 as such    
term is defined in section #cja7ag7 of  
the ,federal ,election ,campaign ,act of
 #aiga 7#b ,u4,s4,c4 #dca7ag772  7,b7 an
 electioneering communication1 as such  
term is defined in section #cjd7;f77#c7 
of such ,act 7#b ,u4,s4,c4 #dcd7;f77#c77
 and any other public communication 7as 
such term is defined in section #cja7bb7
 of such ,act 7#b ,u4,s4,c4 #dca7bb777  
that would be an electioneering         
communication if it were a broadcast1   
cable1 or satellite communication2 or   
7,c7 dues or other payments to trade    
associations or organizations described 
in section #eja7;c7 of the ,internal    
,revenue ,code of #aihf and exempt from 
tax under section #eja7;a7 of such ,code
 that are1 or could reasonably be       
anticipated to be1 used or transferred  
to another association or organization  
for the purposes described in clauses   
7i7 or 7ii74  4