,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dfhi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,augu/ #a1 #bjbb,ms4   
,baldw9 7= h]self & ,ms4 ,ern/7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,securities ,ex*ange 
,act ( #aicd to revise ! %>ehold]       
?re%old = regi/ration "u t ,act = issu]s
 t receive support ?r\gh c]ta9 ,f$]al   
univ]sal s]vice support me*anisms1 & =  
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,access to ,capital    
,creates ,economic ,/r5g? & ,supports   
,rural ,am]ica ,act or ! ,,access ,rural
 ,am]ica ,act4  #b4 ,%>ehold] ?re%old = 
regi/ration ( c]ta9 issu]s ,section     
#ab7;g7 ( ! ,securities ,ex*ange ,act ( 
#aicd 7#ae ,u4,s4,c4 #ghl7g77 is am5d$--
 7#a7 9 p>agraph 7#a7-- 7,a7 9          
subp>agraph 7,a77ii71 by /rik+ & at !   
end2  7,b7 9 subp>agraph 7,b71 by add+ &
 at ! end2  7,c7 by ins]t+ aft]         
subp>agraph 7,b7 ! foll[+3  7,c7 9 !    

case ( an issu] t1 dur+ its previ\s     
fiscal ye>1 receiv$ support1 directly or
 ?r\gh an affiliate1 ?r\gh ! ,f$]al     
univ]sal s]vice support me*anism =      
rural1 insul>1 & high co/ areas e/abli%$
 "u section #bed ( ! ,communications    
,act ( #aicd 7#dg ,u4,s4,c4 #bed7 & fil$
 ! report describ$ 9 p>agraph 7#g7 )    
respect to su* fiscal ye>1 n lat] ?an   
#abj days aft] ! la/ day ( its fir/     
fiscal ye> end$ aft] ! date ( enactm5t (
 ?is subp>agraph1 on :i* ! issu] has    
total assets exce$+ #aj1jjj1jjj & a     
class ( equity security 7o!r ?an an     
exempt$ security7 held ( record by      
#b1jjj p]sons1  2 &  7,d7 9 ! flu% text 
foll[+ subp>agraph 7,c71 z add$ by      
subp>agraph 7,c7 ( ?is p>agraph1 by add+
 at ! end ! foll[+3 ,! doll> figures 9  
subp>agraph 7,c7 %all be index$ =       
inflation e #e ye>s by ! ,commission to 
reflect ! *ange 9 ! ,consum] ,price     
,index = ,all ,urban ,consum]s publi%$  
by ! ,bureau ( ,labor ,/ati/ics1 r\nd$  
to ! ne>e/ #ajj1jjj42 &  7#b7 by add+ at

 ! end ! foll[+3  7#g7 ,m&atory         
disclosures by c]ta9 univ]sal s]vice    
support me*anism recipi5ts  7,a7 ,9     
g5]al ,! ,commission %all issue         
regulations to e/abli% a f9ancial summ>y
 =m t may1 ^u reque/ by an inve/or1 be  
made available by an issu] t-- 7i7 dur+ 
its previ\s fiscal ye>1 receiv$ support1
 directly or ?r\gh an affiliate1 ?r\gh !
 ,f$]al univ]sal s]vice support me*anism
 = rural1 insul>1 & high co/ areas      
e/abli%$ "u section #bed ( !            
,communications ,act ( #aicd 7#dg       
,u4,s4,c4 #bed72 &  7ii7 has a class (  
equity security held ( record by n few] 
?an #ejj1 & few] ?an1 #b1jjj p]sons4    
7,b7 ,cont5ts ,! =m describ$ 9          
subp>agraph 7,a7 %all include a summ>y (
 ! consolidat$ balance %eet & !         
consolidat$ income /atem5t ( ! issu] &  
su* o!r in=mation z ! ,commission       
det]m9es is necess>y & appropriate 9 !  
public int]e/ & = ! protection (        
inve/ors4  4