,,ib  ,union ,calendar ,no4 #cij  #aaeth
 ,,congress  #b;d ,session  ,h4 ,r4     
#dedf  ,report ,no4 #aae-ebe  ,,in ,,the
 ,,house ,,of ,,representatives         
,december #e1 #bjag ,mr4 ,royce of      
,california 7for himself and ,mr4       
,hultgren7 introduced the following     
bill2 which was referred to the         
,committee on ,financial ,services      
,january #be1 #bjah;,additional         
sponsors3 ,mr4 ,gottheimer and ,mr4     
,messer  ,january #be1 #bjah ,committed 
to the ,committee of the ,whole ,house  
on the ,state of the ,union and ordered 
to be printed  ,a ,,bill  ,to amend the 
,securities ,act of #aicc to specify    
when a nationally traded security is    
exempt from ,state regulation of        
security offerings4  #a4 ,short title   
,this ,act may be cited as the ,national
 ,securities ,exchange ,regulatory      
,parity ,act4  #b4 ,nationally traded   
securities exemption ,section           
#ah7;b77#a7 of the ,securities ,act of  
#aicc 7#ae ,u4,s4,c4 #ggr7b77#a77 is    

amended--  7#a7 by striking subparagraph
 7,a72  7#b7 in subparagraph 7,b7--     
7,a7 by inserting a security designated 
as qualified for trading in the national
 market system pursuant to section      
#aa;,a7a77#b7 of the ,securities        
,exchange ,act of #aicd that is before  
listed2 and  7,b7 by striking that has  
listing standards that the ,commission  
determines by rule 7on its own          
initiative or on the basis of a         
petition7 are substantially similar to  
the listing standards applicable to     
securities described in subparagraph    
7,a72  7#c7 in subparagraph 7,c71 by    
striking or 7,b72 and  7#d7 by          
redesignating subparagraphs 7,b7 and    
7,c7 as subparagraphs 7,a7 and 7,b71    
respectively4  ,january #be1 #bjah      
,committed to the ,committee of the     
,whole ,house on the ,state of the      
,union and ordered to be printed