,,ib ,union ,cal5d> ,no4 #dej #aai?     
,,congress  #b;d ,session  ,h4 ,r4 #dacj
 ,report ,no4 #aai-ebe ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,june #be1        
#bjbe,mr4 ,g>b>9o introduc$ ! foll[+    
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,febru>y #be1       
#bjbf;,additional sponsor3 ,mr4         
,sessions  ,febru>y #be1 #bjbf,report$ )
 an am5dm5t1 committ$ to ! ,committee ( 
! ,:ole ,h\se on ! ,/ate ( ! ,union1 &  
ord]$ to be printed,strike out all aft] 
! enact+ clause & ins]t ! "p pr9t$ 9    
italic,for text ( introduc$ bill1 see   
copy ( bill z introduc$ on ,june #be1   
#bjbe  ,a ,,bill  ,to am5d ! ,securities
 ,ex*ange ,act ( #aicd to exclude       
qualifi$ in/itutional buy]s &           
in/itutional accr$it$ inve/ors :5       
calculat+ hold]s ( a security = purposes
 ( ! m&atory regi/ration ?re%old "u su* 
,act1 & = o!r purposes4  #a4 ,%ort title
 ,?is ,act may be cit$ z ! ,small       
,bus9ess ,relief ,act4  #b4 ,exclusions 
f m&atory regi/ration ?re%old ,section  

#ab7;g77#a7 ( ! ,securities ,ex*ange    
,act ( #aicd 7#ae ,u4,s4,c4 #ghl7g77#a77
 is am5d$-- 7#a7 9 subp>agraph 7,a77i71 
by ins]t+ aft] p]sons ! foll[+3 7t are n
 a qualifi$ in/itutional buy] or an     
in/itutional accr$it$ inve/or72 &  7#b7 
9 subp>agraph 7,b71 by ins]t+ aft]      
p]sons ! foll[+3 7t are n a qualifi$    
in/itutional buy] or an in/itutional    
accr$it$ inve/or74  ,febru>y #be1       
#bjbf,report$ ) an am5dm5t1 committ$ to 
! ,committee ( ! ,:ole ,h\se on ! ,/ate 
( ! ,union1 & ord]$ to be pr9t$