,,ib ,union ,cal5d> ,no4 #bfe #aah?     
,,congress  #a/ ,session  ,h4 ,r4 #dfee 
,report ,no4 #aah-cbf ,,9 ,,! ,,h\se ,,(
 ,,repres5tatives  ,july #ad1 #bjbc,mr4 
,norman introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,decemb] #ai1 #bjbc,report$ ) 
an am5dm5t1 committ$ to ! ,committee ( !
 ,:ole ,h\se on ! ,/ate ( ! ,union1 &   
ord]$ to be printed,strike out all aft] 
! enact+ clause & ins]t ! "p pr9t$ 9    
italic,for text ( introduc$ bill1 see   
copy ( bill z introduc$ on ,july #ad1   
#bjbc  ,a ,,bill  ,to am5d ! ,securities
 ,ex*ange ,act ( #aicd to prohibit !    
,securities & ,ex*ange ,commission f    
compell+ ! inclusion or discussion (    
%>ehold] proposals or proxy or cons5t   
solicitation mat]ials1 & = o!r purposes4
  #a4 ,%ort title ,?is ,act may be cit$ 
z ! ,bus9esses ,ov] ,activi/s ,act4  #b4
 ,limitation ) respect to compell+ !    
inclusion or discussion ( %>ehold]      
proposals ,section #ad7;a7 ( !          
,securities ,ex*ange ,act ( #aicd 7#ae  

,u4,s4,c4 #ghn7a77 is am5d$ by add+ at !
 end ! foll[+3  7#c7 ,limitation )      
respect to compell+ inclusion or        
discussion ( %>ehold] proposals ,except 
z provid$ 9 p>agraph 7#b71 ! ,commission
 may n compel an issu] to include 9 a   
proxy /atem5t ( ! issu]-- 7,a7 any      
%>ehold] proposal2 or  7,b7 any         
discussion 7ei!r f ! issu] or o!rwise7  
relat$ to a %>ehold] proposal conta9$ 9 
! proxy /atem5t4  7#d7 ,rule (          
con/ruction relat+ to ,/ate au?ority    
,no?+ 9 ?is ,act or any o!r securities  
law %all be con/ru$ to provide !        
,commission ! au?ority to preempt !     
,/ate regulation ( %>ehold] proposals or
 proxy or cons5t solicitation mat]ials4 
4  ,decemb] #ai1 #bjbc,report$ ) an     
am5dm5t1 committ$ to ! ,committee ( !   
,:ole ,h\se on ! ,/ate ( ! ,union1 &    
ord]$ to be pr9t$