,,ib  ,union ,cal5d> ,no4 #bcc  #aah?   
,,congress  #a/ ,session  ,h4 ,r4 #aafa 
,report ,no4 #aah-bhi  ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,febru>y #bd1     
#bjbc ,ms4 ,wat]s introduc$ ! foll[+    
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,decemb] #a1 #bjbc  
,report$ ) an am5dm5t1 committ$ to !    
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union1 & ord]$ to be pr9t$ ,/rike out
 all aft] ! enact+ clause & ins]t ! "p  
pr9t$ 9 italic ,= text ( introduc$ bill1
 see copy ( bill z introduc$ on ,febru>y
 #bd1 #bjbc  ,a ,,bill  ,to accord      
securities issu$ by ! ,int]national     
,developm5t ,association ! same         
exemption f ! securities laws t applies 
to ! securities ( o!r multilat]al       
developm5t banks 9 :i* ! ,unit$ ,/ates  
is a memb]4  #a4 ,%ort title ,?is ,act  
may be cit$ z ! ,align+ ,,sec           
,regulations = ! ,_w ,bank's            
,int]national ,developm5t ,association  
,act4  #b4 ,exemption ( securities ( !  
,int]national ,developm5t ,association f

 ! securities laws  7a7 ,9 g5]al ,!     
,int]national ,developm5t ,association  
,act 7#bb ,u4,s4,c4 #bhd-bhd;cc7 is     
am5d$ by add+ at ! end ! foll[+3  #cb4  
,exemption ( securities ( !             
,int]national ,developm5t ,association f
 ! securities laws  7a7 ,exemption f    
securities laws2 reports to ,securities 
& ,ex*ange ,commission ,any securities  
issu$ by ! ,association 7includ+ any    
gu>anty by ! ,association1 :e!r or n    
limit$ 9 scope7 & any securities        
gu>ante$ by ! ,association z to bo?     
pr9cipal & int]e/ %all be deem$ to be   
exempt$ securities )9 ! mean+ ( section 
#c7;a77#b7 ( ! ,securities ,act ( #aicc 
7#ae ,u4,s4,c4 #gg;c7a77#b77 & section  
#c7;a77#ab7 ( ! ,securities ,ex*ange    
,act ( #aicd 7#ae ,u4,s4,c4             
#gh;c7a77#ab774 ,! ,association %all    
file ) ! ,securities & ,ex*ange         
,commission su* annual & o!r reports )  
reg>d to su* securities z ! ,commission 
%all det]m9e to be appropriate 9 view ( 
! special "* ( ! ,association & its     

op]ations & necess>y 9 ! public int]e/  
or = ! protection ( inve/ors4  7b7      
,au?ority ( ,securities & ,ex*ange      
,commission to susp5d exemption2 reports
 to ,congress ,! ,securities & ,ex*ange 
,commission1 act+ 9 consultation ) !    
,national ,advisory ,c\ncil on          
,int]national ,monet>y & ,f9ancial      
,problems1 is au?oriz$ to susp5d !      
provisions ( subsection 7a7 ( ?is       
section at any "t z to any or all       
securities issu$ or gu>ante$ by !       
,association dur+ ! p]iod ( su*         
susp5sion4 ,! ,commission %all include 9
 its annual reports to ! ,congress su*  
in=mation z x %all deem advisable )     
reg>d to ! op]ations & effect ( ?is     
section4  4  7b7 ,effective date ,!     
am5dm5t made by subsection 7a7 %all take
 effect #cj days aft] ! date ( !        
enactm5t ( ?is ,act4  ,decemb] #a1 #bjbc
 ,report$ ) an am5dm5t1 committ$ to !   
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union1 & ord]$ to be pr9t$