,,ii  #aag? ,,congress  #b;d ,session   
,s4 #ciff  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #cj1 #bjbb,mr4    
,moran introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,securities ,act (   
#aicc to def9e second>y (f]+s (         
,regulation ,a ti] #b securities z cov]$
 securities = purposes ( an exemption f 
,/ate regulation1 & = o!r purposes4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,facilitat+ ,ma9 ,/reet ,(f]+s ,act4    
#b4 ,exemption f ,/ate regulation (     
securities ,section #ah7;b77#d77;,a7 ( !
 ,securities ,act ( #aicc 7#ae ,u4,s4,c4
 #ggr7b77#d77;,a77 is am5d$ by ins]t+ or
 pursuant to all disclosure obligations 
( section #c7;b77#b7 ( ?is ,act & any   
regulations issu$ "u t section be=e !   
semicolon4