,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #cfgb  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #b1 #bjbe,mr4   
,williams ( ,texas 7= himself & ,mr4    
,fields7 introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to am5d !         
,securities ,act ( #aicc to exp& !      
rese>* report exception to include      
reports ab\t any issu] t und]takes a    
propos$ (f]+ ( public securities4  #a4  
,%ort title  ,?is ,act may be cit$ z !  
,securities ,rese>* ,mod]nization ,act4 
#b4 ,provision ( rese>* ,section        
#b7;a77#c7 ( ! ,securities ,act ( #aicc 
7#ae ,u4,s4,c4 #gg;b7a77#c77 is am5d$-- 
7a7 by /rik+ an em]g+ gr[? company &    
ins]t+ an issu]2  7b7 by /rik+ ! common 
equity & ins]t+ any2 &  7c7 by /rik+ su*
 em]g+ gr[? company & ins]t+ su* issu]4