,i  #aaith ,,congress  #ast ,session    
,h4 ,r4 #cfgb  ,,in ,,the ,,house ,,of  
,,representatives  ,june #b1 #bjbe,mr4  
,williams of ,texas 7for himself and    
,mr4 ,fields7 introduced the following  
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to amend the ,securities ,act  
of #aicc to expand the research report  
exception to include reports about any  
issuer that undertakes a proposed       
offering of public securities4  #a4     
,short title  ,this ,act may be cited as
 the ,securities ,research              
,modernization ,act4  #b4 ,provision of 
research ,section #b7;a77#c7 of the     
,securities ,act of #aicc 7#ae ,u4,s4,c4
 #gg;b7a77#c77 is amended-- 7a7 by      
striking an emerging growth company and 
inserting an issuer2  7b7 by striking   
the common equity and inserting any2 and
  7c7 by striking such emerging growth  
company and inserting such issuer4