,,ii  #aah? ,,congress  #b;d ,session   
,s4 #dfbj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,june #bj1 #bjbd,ms4   
,klobu*> 7= h]self1 ,mr4 ,br[n1 ,ms4    
,hirono1 ,mr4 ,m]kley1 ,ms4 ,w>r51 ,ms4 
,smi?1 ,mr4 ,s&]s1 ,mr4 ,van ,holl51 &  
,mr4 ,wyd57 introduc$ ! foll[+ bill2 :i*
 0 read twice & ref]r$ to ! ,committee  
on ! ,judici>y  ,a ,,bill  ,to modify ! 
prem]g] notification requirem5ts "u !   
,clayton ,act ) respect to c]ta9        
acquisitions ( resid5tial prop]ty1 & =  
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,h\s+ ,acquisitions    
,review & ,transp>5cy ,act or ! ,,h>t   
,act4  #b4 ,def9itions ,9 ?is ,act3 7#a7
 ,resid5tial prop]ty ,! t]m resid5tial  
prop]ty-- 7,a7 means prop]ty t is zon$  
or int5d$ to be us$ z a dwell+ =        
individuals or h\seholds1 includ+       
multifamily h\s+1 condom9iums1          
manufactur$ homes1 or s+le-family homes2
 &  7,b7 does n include any place (     
%ort-t]m lodg+4  7#b7 ,inve/m5t r5tal   
prop]ty ,! t]m inve/m5t r5tal prop]ty   

means real prop]ty t-- 7,a7 w n be r5t$ 
to an entity1 includ+ any entity ( !    
acquir+ p]son1 except = ! sole purpose (
 ma9ta9+1 manag+1 or sup]vis+ ! op]ation
 ( ! real prop]ty2 &  7,b7 w be held    
solely = r5tal or inve/m5t purposes4    
7#c7 ,place ( %ort-t]m lodg+ ,! t]m     
place ( %ort-t]m lodg+ means a hotel1   
motel1 inn1 %ort-t]m r5tal1 or o!r place
 ( lodg+ t adv]tises at a price t is a  
nightly1 h\rly1 or weekly rate4  #c4    
,h\s+ transactions reportable  7a7 ,s+le
 acquisition ,section #g;,a7a7 ( !      
,clayton ,act 7#ae ,u4,s4,c4 #ah;a7a77  
is am5d$ by add+ at ! end ! foll[+3 ,=  
purposes ( ?is subsection1 all          
acquisitions ( resid5tial prop]ty 7z    
def9$ 9 section #b ( ! ,,h>t ,act7 by   
any p]son )9 a s+le cal5d> ye> %all be  
deem$ to be a s+le acquisition &        
notification pursuant to ?is subsection 
%all be fil$ by ! acquir+ p]son ^u      
acquir+ ! prop]ty t br+s su* s+le       
acquisition )9 any requirem5t describ$ 9
 p>agraph 7#b7 :5 aggregat$ ) all o!r   

prior acquisitions ( resid5tial prop]ty 
by ! p]son 9 t cal5d> ye>4  7b7         
,exemption ,section #g;,a7c77#a7 ( !    
,clayton ,act 7#ae ,u4,s4,c4            
#ah;a7c77#a77 is am5d$ by ins]t+ 1      
unless ! transaction includes resid5tial
 prop]ty or inve/m5t r5tal prop]ty 7z   
def9$ 9 section #b ( ! ,,h>t ,act71     
includ+ 9 ! =m ( a real e/ate inve/m5t  
tru/1 t is n solely int5d$ = ! p]sonal  
use ( an individual4  7c7 ,code ( ,f$]al
 ,regulations ,! ,f$]al ,trade          
,commission1 ) ! concurr5ce ( !         
,assi/ant ,attorney ,g5]al 9 *>ge ( !   
,antitru/ ,division ( ! ,dep>tm5t (     
,ju/ice & by rule1 9 accordance )       
section #eec ( title #e1 ,unit$ ,/ates  
,code1 %all am5d "p #hjb ( title #af1   
,code ( ,f$]al ,regulations to con=m ) !
 am5dm5ts to section #g;,a7a7 ( !       
,clayton ,act 7#ae ,u4,s4,c4 #ah7;a77   
made by ?is ,act4  7d7 ,rulemak+ ,!     
,f$]al ,trade ,commission1 ) !          
concurr5ce ( ! ,assi/ant ,attorney      
,g5]al 9 *>ge ( ! ,antitru/ ,division ( 

! ,dep>tm5t ( ,ju/ice & by rule1 9      
accordance ) section #eec ( title #e1   
,unit$ ,/ates ,code1 %all issue rules   
relat+ to ! =m & docum5t>y mat]ial &    
in=mation relevant to any acquisition or
 aggregat$ acquisitions ( resid5tial    
prop]ty is necess>y & appropriate "u    
section #g;,a7a7 ( ! ,clayton ,act 7#ae 
,u4,s4,c4 #ah;a7a771 z am5d$ by         
subsection 7a71 to enable ! ,f$]al      
,trade ,commission & ! ,assi/ant        
,attorney ,g5]al to det]m9e :e!r su*    
acquisition or aggregat$ acquisitions   
may violate ! antitru/ laws1 z def9$ 9  
subsection 7a7 ( ! fir/ section ( !     
,clayton ,act 7#ae ,u4,s4,c4 #ab74