,,ib  ,union ,cal5d> ,no4 #fha  #aae?   
,,congress  #b;d ,session  ,h4 ,r4 #ceee
  ,report ,no4 #aae-hhc  ,,9 ,,! ,,h\se 
,,( ,,repres5tatives  ,july #bh1 #bjag  
,mr4 ,l\d]milk 7= himself1 ,mr4 ,meeks1 
,mr4 ,hultgr51 ,mr4 ,david ,scott (     
,georgia1 & ,mr4 ,zeld97 introduc$ !    
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,f9ancial ,s]vices  ,augu/
 #c1 #bjah ,report$ ) am5dm5ts1 committ$
 to ! ,committee ( ! ,:ole ,h\se on !   
,/ate ( ! ,union1 & ord]$ to be pr9t$   
,/rike out all aft] ! enact+ clause &   
ins]t ! "p pr9t$ 9 italic ,= text (     
introduc$ bill1 see copy ( bill z       
introduc$ on ,july #bh1 #bjag  ,a ,,bill
  ,to am5d ! ,securities ,ex*ange ,act (
 #aicd to provide t ! def9ition ( a     
facility ( an ex*ange does n apply to a 
l9e ( bus9ess ! purpose ( :i* is n to   
effect or report a transaction on an    
ex*ange4  #a4 ,%ort title ,?is ,act may 
be cit$ z ! ,ex*ange ,regulatory        
,improvem5t ,act4  #b4 ,f9d+s ,!        
,congress f9ds ! foll[+3  7#a7 ,ov] "t1 

national securities ex*anges h exp&$ _! 
bus9esses beyond li/+s & trad+ to       
include ! sale ( additional products &  
s]vices to _! memb]s & li/$ companies4  
7#b7 ,! ,securities & ,ex*ange          
,commission %\ld be transp>5t 9 its     
int]pretation ( ! t]m facility 9 section
 #c7;a7 ( ! ,securities ,ex*ange ,act ( 
#aicd 7#ae ,u4,s4,c4 #gh;c7a774  #c4    
,facility def9$  7a7 ,9 g5]al ,n lat]   
?an #cfj days aft] ! date ( enactm5t (  
?is ,act1 ! ,securities & ,ex*ange      
,commission 7! ,commission7 %all adopt  
regulations to fur!r int]pret ! t]m     
facility "u section #c7;a7 ( !          
,securities ,ex*ange ,act ( #aicd4 ,su* 
regulations %all set =? ! facts &       
circum/ances ! ,commission consid]s :5  
det]m9+ :e!r any premises or prop]ty1 or
 ! "r to use any premises1 prop]ty1 or  
s]vice is or is n a facility ( an       
ex*ange4  7b7 ,application to propos$   
rules ,! ,commission %all apply ! facts 
& circum/ances set =? 9 ! regulations   
issu$ pursuant to subsection 7a7 9      

det]m9+ :e!r any propos$ rule is or is n
 requir$ to be submitt$ z a propos$ rule
 fil+ pursuant to section #ai ( !       
,securities ,ex*ange ,act ( #aicd & !   
rules & regulations issu$ !reund]4      
,am5d ! title s z to read3 ,a bill to   
require ! ,securities & ,ex*ange        
,commission to issue regulations to     
fur!r int]pret ! t]m facility "u !      
,securities ,ex*ange ,act ( #aicd44     
,augu/ #c1 #bjah ,report$ ) am5dm5ts1   
committ$ to ! ,committee ( ! ,:ole ,h\se
 on ! ,/ate ( ! ,union1 & ord]$ to be   
pr9t$