,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #fgej  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,febru>y #ae1         
#bjbb,mr4 ,/eube 7= himself & ,mr4      
,donalds7 introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,f9ancial    
,s]vices  ,a ,,bill  ,to am5d !         
,securities ,ex*ange ,act ( #aicd )     
respect to c]ta9 security regi/ration   
?re%olds1 & = o!r purposes4  #a4 ,%ort  
title ,?is ,act may be cit$ z ! ,m      
,accurate ,metrics 9 ,securities ,law   
,act4  #b4 ,security regi/ration        
?re%olds  7a7 ,9 g5]al ,section         
#ab7;g77#a77;,a7 ( ! ,securities        
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#ghl7g77#a77;,a77 is am5d$ to read z    
foll[s3  7,a7 )9 #abj days aft] ! la/   
day ( its fir/ fiscal ye> end$ on :i* ! 
issu] has-- 7i7 total assets exce$+     
#ae1jjj1jjj2 &  7ii7 ei!r-- 7,i7 a class
 ( equity security 7o!r ?an an exempt$  
security7 held ( record by great] ?an a 
numb] ( b5eficial own]s det]m9$ by !    
,commission by rule2 or  7,,ii7 m>ket   

capitalization exce$+ an am\nt det]m9$  
by ! ,commission by rule1 &  4  7b7     
,effective date ,! am5dm5t made by      
subsection 7a7 %all take effect on !    
date t is #ahj days aft] ! date ( !     
enactm5t ( ?is ,act4