,,ii  #aah? ,,congress  #a/ ,session    
,s4 #cbjc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #b1 #bjbc,mr4 
,rubio introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,inve/m5t ,company   
,act ( #aidj to impose c]ta9 requirem5ts
 relat+ to ! use ( m>ket indexes1 & =   
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,index ,provid]        
,transp>5cy & ,acc\ntability ,act4  #b4 
,m>ket indexes  7a7 ,9 g5]al ,!         
,inve/m5t ,company ,act ( #aidj 7#ae    
,u4,s4,c4 #hj;a-#a et seq47 is am5d$--  
7#a7 9 section #h7;b7 7#ae ,u4,s4,c4    
#hj;a-#h7;b77-- 7,a7 9 p>agraph 7#d71 by
 /rik+ & at ! end2  7,b7 9 p>agraph     
7#e71 by /rik+ ! p]iod at ! end & ins]t+
 2 &2 &  7,c7 by add+ at ! end ! foll[+3
  7#f7 a disclosure (-- 7,a7 :e!r !     
regi/rant int5ds to track ! returns (1  
or b5*m>k aga9/1 a specific index (     
securities2 &  7,b7 if ! regi/rant      
int5ds to track ! returns (1 or b5*m>k  

aga9/1 a specific index ( securities--  
7i7 ! id5tity ( ! index provid]2  7ii7  
any involvem5t ( ! regi/rant 9 design+ !
 index2  7iii7 any ability ( ! regi/rant
 to influ5ce ! con/ruction or           
composition ( ! index2 &  7iv7 any      
lic5s+ fees paid by ! regi/rant to !    
index provid]4  2  7#b7 9 section #ac   
7#ae ,u4,s4,c4 #hj;a-#ac7-- 7,a7 by     
r$esignat+ subsection 7c7 z subsection  
7d72 &  7,b7 by ins]t+ aft] subsection  
7b7 ! foll[+3  7c7 ,*ange 9 inve/m5t    
policy relat+ to index+  7#a7 ,9 g5]al  
,) respect to a regi/]$ inve/m5t company
 t tracks ! returns (1 or b5*m>ks aga9/1
 a specific index ( securities1 if a    
deviation ) respect to t index occurs   
su* t ! deviation w\ld be p]mitt$ "u    
subsection 7a77#c7 if made directly by !
 inve/m5t company only if au?oriz$ by ! 
vote ( a majority ( ! out/&+ vot+       
securities ( ! inve/m5t company1 !      
inve/m5t company may n cont9ue to s     
track1 or b5*m>k aga9/1 ! index1 unless 
s au?oriz$ by su* a vote or by a vote by

 ! bo>d ( directors ( ! inve/m5t        
company4  7#b7 ,rule ( con/ruction ,= ! 
purposes ( p>agraph 7#a71 a deviation ) 
respect to an index t requires a vote1 z
 describ$ 9 t p>agraph1 includes su* a  
deviation t adds new1 or increases !    
weight+ (1 securities-- 7,a7 ( issu]s t 
are headqu>t]$ or incorporat$ 9 ! ,p's  
,republic ( ,*9a2 or  7,b7 t are li/$ on
 ex*anges 9 ! ,p's ,republic ( ,*9a4  2 
&  7#c7 9 section #cj 7#ae ,u4,s4,c4    
#hj;a-#bi7-- 7,a7 9 subsection 7b77#a71 
by /rik+ ?is title2 & & ins]t+ ! foll[+3
 8?is title1 :i* %all include--  7,a7   
in=mation reg>d+ :e!r ! regi/]$ inve/m5t
 company tracks ! returns (1 or b5*m>ks 
aga9/ 7or int5ds to track1 or b5*m>k    
aga9/71 a specific index ( securities2 &
  7,b7 if ! regi/]$ inve/m5t company    
engages 91 or int5ds to engage 91 !     
action describ$ 9 subp>agraph 7,a71 !   
in=mation describ$ 9 section            
#h7;b77#f77;,b7 ) respect to ! index    
describ$ 9 subp>agraph 7,a7 ( ?is       
p>agraph2 &  2 &  7,b7 by add+ at ! end 

! foll[+3  7k7 ,annual disclosure reg>d+
 ,*9ese securities  7#a7 ,9 g5]al ,ea*  
regi/]$ inve/m5t company %all annually  
transmit to ! /ockhold]s ( ! inve/m5t   
company a report conta9+ in=mation      
reg>d+1 ) respect to any security own$  
by ! inve/m5t company t is issu$ by an  
issu] t is headqu>t]$ or incorporat$ 9 !
 ,p's ,republic ( ,*9a or li/$ on an    
ex*ange 9 ! ,p's ,republic ( ,*9a-- 7,a7
 ! p]c5tage ( ! securities ( t issu] t  
are own$ by gov]nm5tal entities 9 ! ,p's
 ,republic ( ,*9a2  7,b7 :e!r ! entities
 describ$ 9 subp>agraph 7,a7 h a        
controll+ f9ancial int]e/ ) respect to !
 issu]2  7,c7 ! "n ( any (ficial ( !    
,*9ese ,communi/ ,p>ty :o is a memb] ( !
 bo>d ( directors (-- 7i7 ! issu]2 or   
7ii7 ! op]at+ entity ) respect to !     
issu]2  7,d7 :e!r ! articles (          
incorporation ( ! issu] 7or equival5t   
organiz+ docum5t7 conta9s any *>t] ( !  
,*9ese ,communi/ ,p>ty1 includ+ ! text (
 any su* *>t]2 &  7,e7 :e!r ! inve/m5t  
company 0 unable to obta9 any ( !       

in=mation requir$ "u any ( subp>agraphs 
7,a7 ?r\gh 7,d74  7#b7 ,inclusion       
p]mitt$ ,a report t a regi/]$ inve/m5t  
company is requir$ to transmit "u       
p>agraph 7#a7 may be includ$ 9 a report 
t ! inve/m5t company is requir$ to      
transmit "u subsection 7e74  4  7b7     
,te*nical & con=m+ am5dm5t ,section     
#dja7;a7 ( ! ,compreh5sive ,iran        
,sanctions1 ,acc\ntability1 & ,dive/m5t 
,act ( #bjaj 7#bb ,u4,s4,c4 #heea7;a77  
is am5d$1 9 ! matt] prec$+ p>agraph     
7#a71 by /rik+ section #ac7;c77#a77;,b7 
& ins]t+ section #ac7;d77#a77;,b74  7c7 
,updates to rules ,n lat] ?an #a ye>    
aft] ! date ( enactm5t ( ?is ,act1 !    
,securities & ,ex*ange ,commission %all 
make any updates to ! rules ( !         
,commission t are necess>y z a result ( 
?is section & ! am5dm5ts made by ?is    
section4