,,ii  #aagth ,,congress  #b;d ,session  
,s4 #cicj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #bd1    
#bjbb,ms4 ,lummis 7for herself and ,mr4 
,hagerty7 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 permit certain defendants to   
remove administrative proceedings to    
,federal court4  #a4 ,short title ,this 
,act may be cited as the ,administrative
 ,enforcement ,fairness ,act of #bjbb4  
#b4 ,removal of administrative          
proceedings ,the ,securities ,exchange  
,act of #aicd 7#ae ,u4,s4,c4 #gh;a et   
seq47 is amended by inserting after     
section #bg;,a 7#ae ,u4,s4,c4 #gh;aa-#a7
 the following3  #bg;,b4 ,removal of    
administrative proceedings  7a7         
,definition ,in this section1 the term  
eligible respondent means any respondent
 that does not act1 or1 at the time of  
the alleged misconduct1 did not act as a

 registered broker or dealer1 registered
 investment adviser1 registered         
investment company1 registered municipal
 securities dealer1 registered          
nationally recognized statistical rating
 organization1 registered government    
securities broker1 registered government
 securities dealer1 registered public   
accounting firm1 or as a registered     
transfer agent4  7b7 ,removal ,any      
administrative proceeding brought by the
 ,commission under this ,act may be     
removed by the eligible respondent to   
the district court of the ,united       
,states in accordance with section #addf
 of title #bh1 ,united ,states ,code4  4