,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #afbf  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,april #ah1 #bjac     
,mrs4 ,wagn] 7= h]self & ,mr4 ,g>rett7  
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to am5d ! ,securities ,ex*ange 
,act ( #aicd to prohibit ! ,securities &
 ,ex*ange ,commission f issu+ rules     
requir+ ! disclosure ( an issu]'s       
exp5ditures = political activities4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,focus+ ! ,,sec on ,its ,mission ,act4  
#b4 ,prohibition on requir+ disclosure (
 political exp5ditures ,section #ac ( ! 
,securities ,ex*ange ,act ( #aicd 7#ghm7
 is am5d$ by add+ at ! end ! foll[+3    
7s7 ,prohibition on requir+ disclosure (
 political exp5ditures  7#a7 ,9 g5]al ,!
 ,commission %all n require ! disclosure
 by an issu] ( any political exp5diture4
  7#b7 ,def9ition ,! t]m political      
exp5diture means--  7,a7 an indep5d5t   
exp5diture1 z su* t]m is def9$ 9 section
 #cja7ag7 ( ! ,f$]al ,election ,campaign

 ,act ( #aiga 7#b ,u4,s4,c4 #dca7ag772  
7,b7 an electione]+ communication1 z su*
 t]m is def9$ 9 section #cjd7;f77#c7 (  
su* ,act 7#b ,u4,s4,c4 #dcd7;f77#c77 &  
any o!r public communication 7z su* t]m 
is def9$ 9 section #cja7bb7 ( su* ,act  
7#b ,u4,s4,c4 #dca7bb777 t w\ld be an   
electione]+ communication if x 7 a      
broadca/1 cable1 or satellite           
communication2 or  7,c7 dues or o!r     
paym5ts to trade associations or        
organizations describ$ 9 section        
#eja7;c7 ( ! ,int]nal ,rev5ue ,code (   
#aihf & exempt f tax "u section #eja7;a7
 ( su* ,code t are1 or c\ld reasonably  
be anticipat$ to be1 us$ or transf]r$ to
 ano!r association or organization = !  
purposes describ$ 9 clauses 7i7 or 7ii74
  4