#aae? ,,congress  #a/ ,session  ,s4 #dhd
  ,,an ,,act  ,to am5d ! ,inve/m5t      
,company ,act ( #aidj to t]m9ate an     
exemption = companies locat$ 9 ,pu]to   
,rico1 ! ,virg9 ,isl&s1 & any o!r       
possession ( ! ,unit$ ,/ates4  #a4 ,%ort
 title ,?is ,act may be cit$ z ! ,u4,s4 
,t]ritories ,inve/or ,protection ,act ( 
#bjag4  #b4 ,t]m9ation ( exemption  7a7 
,9 g5]al ,section #f7;a7 ( ! ,inve/m5t  
,company ,act ( #aidj 7#ae ,u4,s4,c4    
#hj;a-#f7;a77 is am5d$--  7#a7 by /rik+ 
p>agraph 7#a72 &  7#b7 by r$esignat+    
p>agraphs 7#b7 ?r\gh 7#e7 z p>agraphs   
7#a7 ?r\gh 7#d71 respectively4  7b7     
,effective date & safe h>bor  7#a7      
,effective date ,except z provid$ 9     
p>agraph 7#b71 ! am5dm5t made by        
subsection 7a7 %all take effect on !    
date ( enactm5t ( ?is ,act4  7#b7 ,safe 
h>bor ,) respect to a company t is      
exempt "u section #f7;a77#a7 ( !        
,inve/m5t ,company ,act ( #aidj 7#ae    
,u4,s4,c4 #hj;a-#f7;a77#a77 on ! day    
be=e ! date ( enactm5t ( ?is ,act1 !    

am5dm5t made by subsection 7a7 %all take
 effect on ! date t is #c ye>s aft] !   
date ( enactm5t ( ?is ,act4  7#c7       
,ext5sion ( safe h>bor ,! ,securities & 
,ex*ange ,commission1 by rule or        
regulation ^u its own motion1 or by ord]
 ^u application1 may conditionally or   
unconditionally1 "u section #f7;c7 ( !  
,inve/m5t ,company ,act ( #aidj 7#ae    
,u4,s4,c4 #hj;a-#f7;c771 fur!r delay !  
effective date = a company describ$ 9   
p>agraph 7#b7 = a maximum ( #c ye>s     
foll[+ ! initial #c-ye> p]iod if1 be=e !
 end ( ! initial #c-ye> p]iod1 !        
,commission det]m9es t su* a rule1      
regulation1 motion1 or ord] is necess>y 
or appropriate 9 ! public int]e/ & = !  
protection ( inve/ors4  ,pass$ ! ,s5ate 
,septemb] #aa1 #bjag4,secret>y