,,ii  #aagth ,,congress  #b;d ,session  
,s4 #ciai  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #bd1    
#bjbb,mr4 ,tillis introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to amend the ,securities       
,exchange ,act of #aicd to provide that 
an issuer that is required to file      
certain quarterly reports may elect to  
file those reports semiannually4  #a4   
,short title ,this ,act may be cited as 
the ,reporting ,requirements ,reduction 
,act of #bjbb4  #b4 ,semiannual reports 
,section #ac of the ,securities         
,exchange ,act of #aicd 7#ae ,u4,s4,c4  
#ghm7 is amended by adding at the end   
the following3  7s7 ,issuer election    
,with respect to any report that1 under 
this section1 or under a rule issued    
under this section1 an issuer is        
required to file on a quarterly basis1  
the issuer may elect to instead file the
 report on a semiannual basis4  4