,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #dcib  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #c1 #bjad ,mr4 
,f9*] introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,agriculture  
,a ,,bill  ,to align exemptions = g5]al 
solicitation ( inve/m5t 9 commodity     
pools simil> to ! exemption provid$ =   
g5]al solicitation ( securities "u !    
,jump/>t ,our ,bus9ess ,/>tups ,act4    
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,en]gize ,em]g+ ,opportunities ,act4  
#b4 ,exemption = g5]al solicitation (   
inve/m5t 9 commodity pools  ,)9 #ij days
 aft] ! date ( ! enactm5t ( ?is ,act1 ! 
,commodity ,futures ,trad+ ,commission  
%all--  7#a7 revise section #d4g7;b7 (  
title #ag1 ,code ( ,f$]al ,regulations1 
9 ! matt] prec$+ p>agraph 7#a71 to read 
z foll[s3  7b7 ,relief available to     
commodity pool op]ators4 ,^u fil+ !     
notice requir$ by p>agraph 7d7 ( ?is    
section1 & subject to compliance ) !    
conditions specifi$ 9 p>agraph 7d7 ( ?is
 section1 any regi/]$ commodity pool    

op]ator :o sells p>ticipations 9 a pool 
solely to qualifi$ eligible p]sons 9 an 
(f]+ :i* qualifies = exemption f !      
regi/ration requirem5ts ( ! ,securities 
,act pursuant to section #d7b7 ( t ,act 
or pursuant to ,regulation ,s1 #ag ,,cfr
 #bcj4ija et seq41 & any bank regi/]$ z 
a commodity pool op]ator 9 connection ) 
a pool t is a collective tru/ fund ^:   
securities are exempt f regi/ration "u !
 ,securities ,act pursuant to section   
#c7;a77#b7 ( t ,act & are sold solely to
 qualifi$ eligible p]sons1 may claim any
 or all ( ! foll[+ relief ) respect to  
su* pool3  2 &  7#b7 revise section     
#d4ac7;a77#c77;i7 ( su* title to read z 
foll[s3  7i7 ,int]e/s 9 ! pool are      
exempt f regi/ration "u ! ,securities   
,act ( #aicc1 & su* int]e/s are (f]$ &  
sold pursuant to section #d ( !         
,securities ,act ( #aicc & ! regulations
 !reund]2  4