,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #hcbh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #af1 #bjbf,mr4 
,donalds introduc$ ! foll[+ bill2 :i* 0 
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to am5d !         
,securities ,ex*ange ,act ( #aicd to    
provide a def9ition = deal]4  #a4 ,%ort 
title ,?is ,act may be cit$ z ! ,def9+  
,deal] ,act4  #b4 ,def9ition ( ! t]m    
deal]  7a7 ,am5dm5t to def9ition ( ! t]m
 deal]  7#a7 ,9 g5]al ,subp>agraph 7,a7 
( section #c7;a77#e7 ( ! ,securities    
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#gh;,c7a77#e77 is am5d$ to read z       
foll[s3  7,a7 ,def9ition ( deal] ,! t]m 
deal] means any p]son engag$ 9 ! bus9ess
 ( effect+ securities transactions =    
cu/om]s bo?-- 7i7 by buy+ f _! cu/om]s  
securities 7n includ+ security-bas$     
swaps1 o!r ?an security-bas$ swaps ) or 
= p]sons t are n eligible contract      
p>ticipants7 = su* p]son's own acc\nt   
?r\gh a brok] or o!rwise ) a view (     
dispos+ ( !m else:]e2 &  7ii7 by sell+  

to _! cu/om]s securities 7n includ+     
security-bas$ swaps1 o!r ?an            
security-bas$ swaps ) or = p]sons t are 
n eligible contract p>ticipants7 :i* !y 
h pur*as$ = _! own acc\nt else:]e4  4   
7#b7 ,effective date ,! am5dm5t made by 
?is subsection %all take effect on !    
date t is #cj days aft] ! date ( !      
enactm5t ( ?is ,act4  7b7 ,treatm5t (   
c]ta9 ord]s & judgm5ts  7#a7 ,transition
 p]iod ,) respect to a cov]$ action     
ent]$ betwe5 ! date ( ! enactm5t ( ?is  
,act & ! effective date describ$ 9      
subsection 7a77#b7 t w\ld n h be5 ent]$ 
if ! am5dm5t describ$ 9 subsection      
7a77#a7 0 9 effect at ! "t su* cov]$    
action 0 ent]$1 ! applicable c\rt or !  
,securities & ,ex*ange ,commission %all 
vacate ! cov]$ action n lat] ?an #e ye>s
 aft] ! date ( ! enactm5t ( ?is ,act4   
7#b7 ,prior judgm5ts ,) respect to a    
cov]$ action ent]$ prior to ! date ( !  
enactm5t ( ?is ,act t w\ld n h be5 ent]$
 if am5dm5t describ$ 9 subsection       
7a77#a7 0 9 effect at ! "t su* cov]$    

action 0 ent]$1 ! applicable c\rt or !  
,securities & ,ex*ange ,commission %all 
vacate ! cov]$ action z soon z          
practicable4  7#c7 ,cov]$ action ,9 ?is 
subsection1 ! t]m cov]$ action means an 
ord] or judgm5t 7includ+ a cons5t ord]7 
ent]$ by a c\rt or ! ,securities &      
,ex*ange ,commission4