,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #dcfj  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #bc1 #bjbc,mr4  
,tiffany 7= himself1 ,mr4 ,sor5s51 &    
,mr4 ,gro?man7 introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,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 & did n issue securities 7o!r ?an 
splitt+ ( exi/+ securities7 dur+ !      
previ\s fiscal ye> & does n int5d to d s
 dur+ ! pres5t 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 or m 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 %all1 ^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-- 7i7 a   
summ>y ( ! consolidat$ balance %eet & ! 
consolidat$ income /atem5t ( ! issu]2   
7ii7 a c]tification t ! issu] did n     
issue securities 7o!r ?an splitt+ (     

exi/+ securities7 dur+ ! previ\s fiscal 
ye> & does n int5d to d s dur+ ! pres5t 
fiscal ye>2 &  7iii7 su* o!r in=mation z
 ! ,commission det]m9es is necess>y &   
appropriate 9 ! public int]e/ & = !     
protection ( inve/ors4  4