,i #aae? ,,congress #b;d ,session ,h4 ,r4 #fcbb ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,july #aj1 #bjah,mr4 ,meeks introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to am5d ! ,securities ,ex*ange ,act ( #aicd to require issu]s ) a multi-class /ock /ructure to make c]ta9 disclosures 9 any proxy or cons5t solicitation mat]ial1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,enhanc+ ,multi-,class ,/ock ,disclosures ,act4 #b4 ,report+ on c]ta9 issu]s ,section #ad ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #ghn7 is am5d$ by add+ at ! end ! foll[+3 7k7 ,disclosure = issu]s ) multi-,class /ock /ructure 7#a7 ,disclosure ,! ,commission %all1 by rule1 require ea* issu] ) a multi-class /ock /ructure to disclose ! in=mation describ$ 9 p>agraph 7#b7 9 any proxy or cons5t solicitation mat]ial = an annual meet+ ( ! %>ehold]s ( ! issu]4 7#b7 ,cont5t ,a disclosure made "u p>agraph 7#a7 %all include1 ) respect to ea* p]son :o is a director or executive (fic] ( ! issu] or :o1 directly or indirectly1 holds #e p]c5t or m ( ! total comb9$ vot+ p[] ( all classes ( /ock entitl$ to vote 9 ! election ( directors-- 7,a7 ! am\nt ( equity int]e/ directly or indirectly own$ by su* p]son1 express$ z a p]c5tage ( ! total value ( ! out/&+ equity securities ( ! issu]2 & 7,b7 ! am\nt ( vot+ p[] held by su* p]son1 express$ z a p]c5tage ( ! total comb9$ vot+ p[] ( all classes ( ! securities ( ! issu] entitl$ to vote 9 ! election ( directors4 7#c7 multi-class /ock /ructure ,9 ?is subsection1 ! t]m multi-class /ock /ructure means a capitalization /ructure t conta9s #b or m classes ( /ock t h diff]5t am\nts ( vot+ p[]4 4