,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #ajeec  ,,9 ,,! ,,h\se ,,(         
,,repres5tatives  ,septemb] #bd1        
#bjbf,mr4 ,g>b>9o introduc$ ! foll[+    
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,a ,,bill  ,to      
require ! ,bo>d ( ,gov]nors ( ! ,f$]al  
,res]ve ,sy/em to am5d ,regulation ,t to
 include 9 ! def9ition ( an ,,otc m>g9  
/ock c]ta9 equity securities = :i* !re  
is a ready m>ket1 & = o!r purposes4  #a4
 ,%ort title  ,?is ,act may be cit$ z ! 
,m>g9 ,eligibility ,mod]nization ,act4  
#b4 ,,otc m>g9 /ock rulemak+  7a7  ,9   
g5]al  ,n lat] ?an #ij days aft] ! date 
( enactm5t ( ?is ,act1 ! ,bo>d (        
,gov]nors ( ! ,f$]al ,res]ve ,sy/em %all
 issue a rule to am5d section #bbj4b (  
title #ab1 ,code ( ,f$]al ,regulations1 
to revise ! def9ition ( ,,otc m>g9 /ock 
to include any equity security trad$ ov]
 ! c\nt] = :i* !re is a ready m>ket1 z  
def9$ 9 section #bdj4ae;c#c-a7;c77#aa7 (
 title #ag1 ,code ( ,f$]al ,regulations4
  7b7  ,effect ( failure ,to issue rule 

,if ! ,bo>d ( ,gov]nors ( ! ,f$]al      
,res]ve ,sy/em does n issue ! rule      
requir$ "u subsection 7a7 be=e ! end ( !
 #ij-;day p]iod describ$ 9 subsection   
7a71 until su* rule is issu$1 !         
def9ition ( ,,otc m>g9 /ock "u section  
#bbj4b ( title #ab1 ,code ( ,f$]al      
,regulations1 is deem$ to include any   
equity security trad$ ov] ! c\nt] = :i* 
!re is a ready m>ket1 z def9$ 9 section 
#bdj4ae;c#c-a7;c77#aa7 ( title #ag1     
,code ( ,f$]al ,regulations4  7c7       
,report to ,congress ,at ! end ( !      
#e-ye> p]iod beg9n+ on ! date ! rule    
requir$ "u subsection 7a7 is issu$1 !   
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em %all submit to ! ,committee on   
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate a report assess+ ! cr$it ext5d$  
by reason ( su* rule & any associat$    
risks to ! f9ancial sy/em4