,,ii  #aagth ,,congress  #b;d ,session  
,s4 #ciff  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #cj1    
#bjbb,mr4 ,moran 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 ,act  
of #aicc to define secondary offerings  
of ,regulation ,a tier #b securities as 
covered securities for purposes of an   
exemption from ,state regulation1 and   
for other purposes4  #a4 ,short title   
,this ,act may be cited as the          
,facilitating ,main ,street ,offerings  
,act4  #b4 ,exemption from ,state       
regulation of securities ,section       
#ah7;b77#d77;,a7 of the ,securities ,act
 of #aicc 7#ae ,u4,s4,c4                
#ggr7b77#d77;,a77 is amended by         
inserting or pursuant to all disclosure 
obligations of section #c7;b77#b7 of    
this ,act and any regulations issued    
under that section before the semicolon4