,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #ccah  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #i1 #bjbe,mr4    
,d[n+ introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to require !      
reorganization ( c]ta9 (fices )9 !      
,securities & ,ex*ange ,commission1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,,sec ,mod]nization    
,act4  #b4 ,commission organization  7a7
 ,*anges to ! organization ( !          
,commission  7#a7 ,9 g5]al ,!           
,securities & ,ex*ange ,commission      
%all--  7,a7 transf] ! ,(fice ( !       
,secret>y1 ! ,(fice ( ! ,e?ics ,c\nsel1 
& ! ,(fice ( ,int]national ,affairs into
 ! ,(fice ( ! ,g5]al ,c\nsel1 ) ! heads 
( ea* transf]r$ (fice report+ directly  
to ! ,g5]al ,c\nsel2  7,b7 transf] !    
,(fice ( ! ,*ief ,acc\ntant1 ! ,(fice ( 
,cr$it ,rat+s1 & ! ,(fice ( ,municipal  
,securities into ! ,division (          
,corporate ,f9ance1 ) ! heads ( ea*     
transf]r$ (fice report+ directly to !   

head ( ! ,division ( ,corporate ,f9ance2
  7,c7 m]ge ! ,(fice ( ,legislative &   
,int]gov]nm5tal ,affairs into ! ,(fice (
 ,public ,affairs1 ) ! head ( ! l>g] ( !
 two m]g$ (fices 7by numb] ( employees7 
becom+ ! head ( ! m]g$ (fice1 & su* head
 report+ directly to ! ,*ief ( ,/aff2 & 
7,d7 transf] ! ,(fice ( ,inve/or        
,education & ,advocacy into ! ,(fice ( !
 ,inve/or ,advocate1 ) ! head ( ! ,(fice
 ( ,inve/or ,education & ,advocacy      
report+ directly to ! ,inve/or          
,advocate4  7#b7 ,pres]vation (         
,commission au?ority ,p>agraph 7#a7 %all
 n prohibit ! ,commission f reorganiz+ !
 (fices describ$ 9 su* p>agraph 9 !     
future1 if ! ,commission det]m9es su*   
reorganization is necess>y or           
appropriate 9 ! public int]e/ or = !    
protection ( inve/ors4  7b7 ,regional   
(fice consolidation ,! ,securities &    
,ex*ange ,commission %all1 if !         
,commission det]m9es x appropriate1     
consolidate ! regional (fices ( !       
,commission4