,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #fgbf  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #ab1         
#bjbc,mr4 ,luetkemey] introduc$ ! foll[+
 bill2 :i* 0 ref]r$ to ! ,committee on  
,f9ancial ,s]vices  ,a ,,bill  ,to am5d 
! ,securities ,act ( #aicc to require ! 
acc\nt+ pr9ciples /&>d sett+ body to    
comply ) ! ,adm9i/rative ,proc$ure ,act 
& ! ,gov]nm5t 9 ! ,sun%9e ,act1 to      
require ! head ( su* body to te/ify     
annually be=e ,congress1 & = o!r        
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,responsible ,acc\nt+      
,/&>ds ,act ( #bjbc4  #b4 ,acc\nt+      
pr9ciples /&>d sett+ body re=ms  7a7    
,adm9i/rative proc$ures = adoption (    
acc\nt+ pr9ciples ,section #ai7;b7 ( !  
,securities ,act ( #aicc 7#ae ,u4,s4,c4 
#ggs7b77 is am5d$ by add+ at ! end !    
foll[+3  7#c7 ,adm9i/rative proc$ures = 
adoption ( acc\nt+ pr9ciples ,:5 adopt+ 
an acc\nt+ pr9ciple1 ! /&>d sett+ body  
describ$ 9 p>agraph 7#a7 %all-- 7,a7    
foll[ proc$ures t are z close z         

practicable to ^? requirem5ts = a ,f$]al
 ag5cy issu+ a rule "u *apt] #e ( title 
#e1 ,unit$ ,/ates ,code 7commonly ref]r$
 to z ! ,adm9i/rative ,proc$ure ,act72 &
  7,b7 c>ry out ! co/ b5efit analysis   
describ$ "u section #f7;a77#c77;,c7 (   
,executive ,ord] #abhff = a significant 
regulatory action1 to ! ext5t !         
requirem5ts = su* analysis relate to !  
effici5t function+ ( ! economy & private
 m>kets1 & ! co/ ( bus9esses comply+ ) !
 action4  4  7b7 ,op5 meet+ requirem5t  
,section #ai7;b7 ( ! ,securities ,act ( 
#aicc 7#ae ,u4,s4,c4 #ggs7b771 z am5d$  
by subsection 7a71 is fur!r am5d$ by    
add+ at ! end ! foll[+3  7#d7 ,op5 meet+
 requirem5t ,! requirem5ts "u section   
#eeb;b ( title #e1 ,unit$ ,/ates ,code  
7commonly ref]r$ to z ! ,gov]nm5t 9 !   
,sun%9e ,act7 %all apply to a /&>d sett+
 body describ$ 9 p>agraph 7#a7 to ! same
 ext5t z su* requirem5ts apply to an    
ag5cy4  4  7c7 ,te/imony by ! head ( !  
/&>d sett+ body ,section #ai7;b7 ( !    
,securities ,act ( #aicc 7#ae ,u4,s4,c4 

#ggs7b771 z am5d$ by subsection 7b71 is 
fur!r am5d$ by add+ at ! end ! foll[+3  
7#e7 ,congressional te/imony ,! head (  
ea* /&>d sett+ body describ$ 9 p>agraph 
7#a7 %all annually te/ify be=e !        
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate4  4  7d7 ,report on implem5tation
 ,n lat] ?an ! end ( ! #c-mon? p]iod    
beg9n+ on ! date ( enactm5t ( ?is ,act1 
! ,*ief ,acc\ntant ( ! ,securities &    
,ex*ange ,commission1 9 consultation ) !
 /&>d sett+ body describ$ "u section    
#ai7;b77#a7 ( ! ,securities ,act (      
#aicc1 %all issue a report to !         
,congress describ+ ! /eps tak5 by ! /&>d
 sett+ body to implem5t ! requirem5ts 9 
! am5dm5ts made by ?is section4