,,ii  #aahth ,,congress  #b;d ,session  
,s4 #cgaj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,january #ca1  
#bjbd,mr4 ,budd 7for himself and ,mr4   
,braun7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to amend   
the ,securities ,act of #aicc with      
respect to small company capital        
formation1 and for other purposes4  #a4 
,short title ,this ,act may be cited as 
the ,regulation ,a ,improvement ,act of 
#bjbd4  #b4 ,,jobs ,act-related         
exemption ,section #c7;b7 of the        
,securities ,act of #aicc 7#ae ,u4,s4,c4
 #gg;c7b77 is amended-- 7#a7 in         
paragraph 7#b77;,a71 by striking        
#ej1jjj1jjj and inserting #aej1jjj1jjj1 
adjusted for inflation by the           
,commission every #b years to the       
nearest #aj1jjj to reflect the change in
 the ,consumer ,price ,index for ,all   
,urban ,consumers published by the      
,bureau of ,labor ,statistics2 and  7#b7

 in paragraph 7#e7-- 7,a7 by striking   
such amount as and inserting3 such      
amount1 in addition to the adjustment   
for inflation provided for under such   
paragraph 7#b77;,a71 as2 and  7,b7 by   
striking such amount1 it and inserting  
such amount1 in addition to the         
adjustment for inflation provided for   
under such paragraph 7#b77;,a71 it4