,,ib ,union ,calendar ,no4 #dea #aaith  
,,congress  #b;d ,session  ,h4 ,r4 #feda
 ,report ,no4 #aai-ebf ,,in ,,the       
,,house ,,of ,,representatives          
,december #i1 #bjbe,mr4 ,stutzman       
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,february #be1    
#bjbf;,additional sponsor3 ,mr4         
,davidson  ,february #be1 #bjbf,reported
 with an amendment1 committed to the    
,committee of the ,whole ,house on the  
,state of the ,union1 and ordered to be 
printed,strike out all after the        
enacting clause and insert the part     
printed in italic,for text of introduced
 bill1 see copy of bill as introduced on
 ,december #i1 #bjbe  ,a ,,bill  ,to    
amend the ,securities ,act of #aicc with
 respect to small company capital       
formation1 and for other purposes4  #a4 
,short title ,this ,act may be cited as 
the ,regulation ,a ,improvement ,act of 
#bjbe4  #b4 ,,jobs ,act-related         
exemption ,section #c7;b7 of the        

,securities ,act of #aicc 7#ae ,u4,s4,c4
 #gg;c7b77 is amended-- 7#a7 in         
paragraph 7#a71 by striking #e1jjj1jjj  
and inserting #ej1jjj1jjj1 including not
 more than #ab1jjj1jjj offered by all   
selling security holders that are       
affiliates of the issuer1 as such dollar
 amounts are adjusted for inflation by  
the ,commission every #e years1 by      
notice published in the ,federal        
,register1 to the nearest #aj1jjj to    
reflect the change in the ,consumer     
,price ,index for ,all ,urban ,consumers
 published by the ,bureau of ,labor     
,statistics2  7#b7 in paragraph         
7#b77;,a71 by striking #ej1jjj1jjj and  
inserting #aej1jjj1jjj1 including not   
more than #ej1jjj1jjj offered by all    
selling security holders that are       
affiliates of the issuer1 as such dollar
 amounts are adjusted for inflation by  
the ,commission every #e years1 by      
notice published in the ,federal        
,register1 to the nearest #aj1jjj to    
reflect the change in the ,consumer     

,price ,index for ,all ,urban ,consumers
 published by the ,bureau of ,labor     
,statistics2 and  7#c7 in paragraph     
7#e7-- 7,a7 by striking such amount as  
and inserting such amount1 in addition  
to the adjustment for inflation provided
 for under such paragraph 7#b77;,a71 as2
 and  7,b7 by striking such amount1 it  
and inserting such amount1 in addition  
to the adjustment for inflation provided
 for under such paragraph 7#b77;,a71 it4
  ,february #be1 #bjbf,reported with an 
amendment1 committed to the ,committee  
of the ,whole ,house on the ,state of   
the ,union1 and ordered to be printed