,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #aaf  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #f1 #bjae ,mr4
 ,g>rett introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,small        
,bus9ess  ,a ,,bill  ,to p]mit small    
bus9ess conc]ns op]at+ 9 ! ,unit$ ,/ates
 to elect to be exempt f c]ta9 ,f$]al   
rules & regulations1 & = o!r purposes4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,small ,bus9ess ,fre$om ( ,comm]ce    
,act ( #bjae4  #b4 ,small bus9ess       
exemptions  7a7 ,election ,not)/&+ any  
o!r provision ( law1 a small bus9ess    
conc]n op]at+ 9 ! ,unit$ ,/ates may     
elect to be exempt f any ,f$]al rule or 
regulation issu$ on or aft] ,janu>y #bj1
 #bjji4  7b7 ,process = exemption  7#a7 
,notification ( ,f$]al ag5cy ,to be     
exempt f a rule or regulation "u ?is    
section1 ! highe/ rank+ (ficial ( a     
small bus9ess conc]n %all provide to !  
,f$]al ag5cy t issu$ su* rule or        
regulation writt5 notice t ! small      
bus9ess conc]n has elect$ to be exempt f

 su* rule or regulation4  7#b7 ,tim+ ,a 
small bus9ess conc]n %all be exempt f a 
rule or regulation beg9n+ on ! date t is
 #cj days aft] ! date t writt5 notice   
provid$ by su* conc]n "u p>agraph 7#a71 
) respect to su* rule or regulation1 is 
receiv$ by ! applicable ,f$]al ag5cy4   
7#c7 ,confirmation ( writt5 notice ,n   
lat] ?an #g days aft] receiv+ a writt5  
notice "u p>agraph 7#a71 ! head ( !     
,f$]al ag5cy t receiv$ su* notice %all  
provide to ! applicable small bus9ess   
conc]n writt5 confirmation t su* notice 
has be5 receiv$4  7c7 ,notification (   
public ,a small bus9ess conc]n t is     
exempt f a ,f$]al rule or regulation "u 
?is section %all--  7#a7 label any      
product ( ! conc]n affect$ by su*       
exemption 9 a mann] t provides notice t 
! product is no long] subject to su*    
rule or regulation2 &  7#b7 include 9   
any communication ( ! conc]n relat+ to a
 product or activity affect$ by su*     
exemption notice t ! product or activity
 is no long] subject to su* rule or     

regulation4  7d7 ,p5alties ,a small     
bus9ess conc]n t fails to satisfy any   
requirem5t "u ?is section %all be       
subject to p5alties = noncompliance ) an
 applicable ,f$]al rule or regulation   
)\t reg>d to any election ( ! small     
bus9ess conc]n to be exempt f su* rule  
or regulation4  7e7 ,limitations ,a     
small bus9ess conc]n may n elect to be  
exempt "u ?is section f a rule or       
regulation issu$ by ! ,dep>tm5t (       
,def5se or ! ,dep>tm5t ( ,homel&        
,security1 if ! ,secret>y ( ,def5se or !
 ,secret>y ( ,homel& ,security has      
det]m9$ t su* rule or regulation is     
necess>y = ! security ( ! ,unit$ ,/ates4
  7f7 ,def9itions ,9 ?is section1 !     
foll[+ def9itions apply3  7#a7 ,f$]al   
ag5cy ,! t]m ,f$]al ag5cy means any     
dep>tm5t1 ag5cy1 or indep5d5t e/abli%m5t
 ( ! ,f$]al ,gov]nm5t4  7#b7 ,small     
bus9ess conc]n ,! t]m small bus9ess     
conc]n has ! mean+ giv5 su* t]m 9       
section #c7;a7 ( ! ,small ,bus9ess ,act 
7#ae ,u4,s4,c4 #fcb7;a774