#aae? ,,congress #a/ ,session ,h4 ,r4 #bhfd ,,an ,,act ,to direct ! ,securities & ,ex*ange ,commission to all[ c]ta9 issu]s to be exempt f regi/ration requirem5ts1 & = o!r purposes4 #a4 ,application ( exemption ,! ,securities & ,ex*ange ,commission %all am5d-- 7#a7 section #bcj4bea ( title #ag1 ,code ( ,f$]al ,regulations1 to remove ! requirem5t t ! issu] n be subject to section #ac or #ae7;d7 ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gh;a et seq47 imm$iately be=e ! (f]+2 & 7#b7 section #bcj4beg ( title #ag1 ,code ( ,f$]al ,regulations1 ) respect to an (f]+ describ$ 9 section #bcj4bea7;a77#b7 ( title #ag1 ,code ( ,f$]al ,regulations1 to deem any issu] t is subject to section #ac or #ae7;d7 ( ! ,securities ,ex*ange ,act ( #aicd z hav+ met ! p]iodic & curr5t report+ requirem5ts ( section #bcj4beg ( title #ag1 ,code ( ,f$]al ,regulations1 if su* issu] meets ! report+ requirem5ts ( section #ac ( ! ,securities ,ex*ange ,act ( #aicd4 ,pass$ ! ,h\se ( ,repres5tatives ,septemb] #e1 #bjag4;,cl]k4