,,ii  #aah? ,,congress  #b;d ,session   
,s4 #cide  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #ad1 #bjbd,mr4    
,vance introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to re/rict ! ,*9ese ,gov]nm5t f
 access+ ,unit$ ,/ates capital m>kets & 
ex*anges if x fails to comply )         
int]national laws relat+ to f9ance1     
trade1 & comm]ce4  #a4 ,conditional     
access = ! ,*9ese ,gov]nm5t to ,unit$   
,/ates capital m>kets & ex*anges  7a7   
,def9itions ,9 ?is section3 7#a7        
,applicable laws ,! t]m applicable laws 
means-- 7,a7 ! public int]national      
doctr9e ( /ate succession1 z x relates  
to int]national norms & rules ( f9ance1 
trade1 & comm]ce1 includ+ ! successor   
gov]nm5t doctr9e ) respect to sov]eign  
debt2  7,b7 ,unit$ ,/ates & =eign laws &
 regulations gov]n+ transp>5cy &        
disclosures applicable to major capital 
m>kets1 commodities m>kets1 & ex*anges2 
&  7,c7 int]national laws prohibit+ !   

practice ( exclusion>y settlem5t1       
discrim9atory paym5ts1 & selective      
default4  7#b7 ,applicable unit$ /ates  
entity ,! t]m applicable ,unit$ ,/ates  
entity means-- 7,a7 a national          
securities ex*ange t is regi/]$ 9       
accordance ) section #f ( ! ,securities 
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#gh;f72  7,b7 a brok] or a deal] 7z     
def9$ 9 ! ,securities ,act ( #aicc 7#ae 
,u4,s4,c4 #gg;a et seq47 or 9 !         
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;a et seq4772  7,c7 an     
alt]native trad+ sy/em 7z def9$ 9       
section #bdb4cjj ( title #ag1 ,code (   
,f$]al ,regulations72  7,d7 an inve/m5t 
company 7z def9$ 9 section #c7;a77#a7 ( 
! ,inve/m5t ,company ,act 7#ae ,u4,s4,c4
 #hj;a-#c7;a77#a772  7,e7 a commodity   
pool op]ator1 a futures commission      
m]*ant1 an introduc+ brok]1 a swap      
deal]1 or a swap execution facility 7z  
su* t]ms are def9$ 9 section #a;a ( !   
,commodity ,ex*ange ,act 7#g ,u4,s4,c4  
#a;a77 or a contract m>ket designat$    

pursuant to section #e ( su* ,act 7#g   
,u4,s4,c4 #g72  7,f7 a national bank1 a 
,/ate bank1 or a sav+s association 7z   
su* t]ms are def9$ 9 section #b ( !     
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahac772  7,g7 a cr$it union1 
:e!r *>t]$ "u ! ,f$]al ,cr$it ,union    
,act or "u ,/ate law2  7,h7 a real e/ate
 brok] regi/]$ z su* "u ,/ate law2  7,i7
 a ,f$]al1 ,/ate1 or local gov]nm5t     
ag5cy2  7,j7 a gov]nm5t-sponsor$        
ent]prise 7z def9$ 9 section #c7h7 ( !  
,congressional ,budget & ,imp\ndm5t     
,control ,act ( #aigd 7#b ,u4,s4,c4     
#fbb7h7772 &  7,k7 any o!r entity       
au?oriz$ to accept inve/m5ts f1 or      
engage 9 or effect transactions on      
behalf (1 ! ,gov]nm5t ( ! ,p's ,republic
 ( ,*9a or any comm]cial entity "u !    
control ( su* gov]nm5t designat$ by !   
,secret>y z an applicable ,unit$ ,/ates 
entity4  7b7 ,9 g5]al ,if ! ,secret>y ( 
! ,treasury1 9 consultation ) !         
,committee on ,=eign ,inve/m5t 9 !      
,unit$ ,/ates1 det]m9es t ! ,gov]nm5t ( 

! ,p's ,republic ( ,*9a is n 9          
compliance ) applicable laws relat+ to  
f9ance1 trade1 & comm]ce1 z specifi$ 9  
subsection 7c7 & includ+ ! successor    
gov]nm5t doctr9e ) respect to sov]eign  
debt1 ! ,secret>y %all prohibit any     
applicable ,unit$ ,/ates entity1 includ+
 capital m>kets1 bond m>kets1 &         
ex*anges1 f accept+ any new inve/m5t1 or
 effect+ any transaction = o!rs relat+  
to a new inve/m5t1 f su* gov]nm5t or any
 comm]cial entities "u ! control ( su*  
gov]nm5t4  7c7 ,specifi$ int]national   
laws ,! int]national laws specifi$ 9 ?is
 subsection are-- 7#a7 ! public         
int]national doctr9e ( /ate succession1 
z x relates to int]national norms &     
rules ( f9ance1 trade1 & comm]ce2  7#b7 
! transp>5cy & disclosure rules &       
regulations applicable to major capital 
m>kets & ex*anges2 &  7#c7 int]national 
laws prohibit+ ! practice ( exclusion>y 
settlem5t1 discrim9atory paym5ts1 &     
selective default4