,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #eeif  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #bh1 #bjaf,mr4  
,hultgr5 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to am5d !         
,securities ,ex*ange ,act ( #aicd to    
provide t an issu] ( municipal          
securities is n requir$ to reta9 a      
municipal advisor prior to issu+ any su*
 securities4  #a4 ,%ort title ,?is ,act 
may be cit$ z ! ,municipal ,advisor     
,*oice ,act4  #b4 ,requirem5t =         
municipal advisor = issu]s ( municipal  
securities ,section #ae;,b7d7 ( !       
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gho-#d7;d77 is am5d$ by add+ 
at ! end ! foll[+3  7#c7 ,an issu] (    
municipal securities %all n be requir$  
to reta9 a municipal advisor prior to   
issu+ any su* securities4  4