,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #ijbh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #bf1 #bjbf,mr4   
,lawl] 7= himself & ,mr4 ,got!im]7      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to am5d ! securities laws to   
prohibit brok]s1 deal]s1 & inve/m5t     
advis]s ) c]ta9 connections to ! ,p's   
,republic ( ,*9a f regi/]+ ) !          
,securities & ,ex*ange ,commission1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,,prc ,brok]-,deal]s & 
,inve/m5t ,advis]s ,moratorium ,act4    
#b4 ,prohibitions  7a7 ,brok] or deal]  
regi/ration  7#a7 ,9 g5]al ,section #ae 
( ! ,securities ,ex*ange ,act ( #aicd   
7#ae ,u4,s4,c4 #gho7 is am5d$ by add+ at
 ! end ! foll[+3  7p7 ,prohibition on   
regi/ration z a brok] or deal] relat$ to
 ,*9ese own]%ip  7#a7 ,control def9$ ,9 
?is subsection1 ! t]m control means     
b5eficially own+1 ei!r directly or ?r\gh
 #a or m companies1 m ?an #ae p]c5t ( ! 
vot+ securities ( an entity4  7#b7      

,prohibition ,a brok] or deal] %all be  
prohibit$ f be+ regi/]$ z a brok] or    
deal] "u subsection 7b7 if--  7,a7 !    
brok] or deal] is an entity organiz$ "u 
! laws ( ! ,p's ,republic ( ,*9a2  7,b7 
! brok] or deal] is controll$ by an     
entity organiz$ "u ! laws ( ! ,p's      
,republic ( ,*9a2  7,c7 ! brok] or deal]
 is controll$ by a national ( ! ,p's    
,republic ( ,*9a :o resides 9 ! ,p's    
,republic ( ,*9a2 or  7,d7 !re is an    
associat$ p]son ( ! brok] or deal]      
organiz$ "u ! laws ( ! ,p's ,republic ( 
,*9a t provides ! brok] or deal] )      
s]vices1 relat$ to--  7i7 plat=m        
infra/ructure2  7ii7 network s]vices2 or
  7iii7 s(tw>e or product developm5t1   
ma9t5ance1 or support4  4  7#b7         
,t]m9ation ,on ! date t is #e ye>s aft] 
! date ( enactm5t ( ?is ,act1 section   
#ae ( ! ,securities ,ex*ange ,act (     
#aicd 7#ae ,u4,s4,c4 #gho7 is am5d$ by  
/rik+ subsection 7p71 z add$ by p>agraph
 7#a7 ( ?is subsection4  7b7 ,inve/m5t  
advis] regi/ration  7#a7 ,9 g5]al       

,section #bjc ( ! ,inve/m5t ,advis]s    
,act ( #aidj 7#ae ,u4,s4,c4 #hj;b-#c7 is
 am5d$ by add+ at ! end ! foll[+3  7o7  
,prohibition on regi/ration z an        
inve/m5t advis] relat$ to ,*9ese own]%ip
  7#a7 ,control def9$ ,9 ?is subsection1
 ! t]m control means b5eficially own+1  
ei!r directly or ?r\gh #a or m          
companies1 m ?an #ae p]c5t ( ! vot+     
securities ( an entity4  7#b7           
,prohibition ,a p]son may n be regi/]$ z
 an inve/m5t advis] if-- 7,a7 ! p]son is
 an entity organiz$ "u ! laws ( ! ,p's  
,republic ( ,*9a2  7,b7 ! p]son is      
controll$ by an entity organiz$ "u !    
laws ( ! ,p's ,republic ( ,*9a2  7,c7 ! 
p]son is controll$ by a national ( !    
,p's ,republic ( ,*9a :o resides 9 !    
,p's ,republic ( ,*9a2 or  7,d7 an      
affiliate ( ! p]son is organiz$ "u !    
laws ( ! ,p's ,republic ( ,*9a t        
provides ! p]son ) s]vices1 includ+--   
7i7 s(tw>e developm5t or support2  7ii7 
product developm5t2 or  7iii7 cu/om]    
s]vice4  4  7#b7 ,t]m9ation ,on ! date t

 is #e ye>s aft] ! date ( enactm5t ( ?is
 ,act1 section #bjc ( ! ,inve/m5t       
,advis]s ,act ( #aidj 7#ae ,u4,s4,c4    
#hj;b-#c7 is am5d$ by /rik+ subsection  
7o71 z add$ by p>agraph 7#a7 ( ?is      
subsection4