,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #idcd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #bd1 #bjbf,mrs4 
,kim introduc$ ! foll[+ bill2 :i* 0     
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to am5d ! ,f$]al  
securities laws to require rulemak+s to 
consid] ! cumulative effects ( ! rule ) 
c]ta9 o!r f9al & propos$ rules4  #a4    
,%ort title  ,?is ,act may be cit$ z !  
,review+ ! ,expansion ( ,gov]nm5t ,act (
 #bjbf or ! ,,reg ,act ( #bjbf4  #b4    
,rulemak+ consid]ations  7a7 ,rules "u !
 ,securities ,act ( #aicc ,section      
#b7;b7 ( ! ,securities ,act ( #aicc 7#ae
 ,u4,s4,c4 #gg;b7b77 is am5d$ by ins]t+ 
1 :5 consid]$ individually or           
cumulatively ) o!r relat$ rules or      
regulations or o!r relat$ & rec5t       
propos$ rules or regulations1 be=e w    
promote4  7b7 ,rules "u ! ,securities   
,ex*ange ,act ( #aicd ,section          
#bc7;a77#b7 ( ! ,securities ,ex*ange    
,act ( #aicd 7#ae ,u4,s4,c4 #ghw7a77#b77
 is am5d$ by ins]t+ 1 :5 consid]$       

individually or cumulatively ) o!r      
relat$ rules or regulations or o!r      
relat$ & rec5t propos$ rules or         
regulations1 aft] :i* w\ld4  7c7 ,rules 
"u ! ,inve/m5t ,company ,act ( #aidj    
,section #b7;c7 ( ! ,inve/m5t ,company  
,act ( #aidj 7#ae ,u4,s4,c4             
#hj;a-#b7;c77 is am5d$ by ins]t+ 1 :5   
consid]$ individually or cumulatively ) 
o!r relat$ rules or regulations or o!r  
relat$ & rec5t propos$ rules or         
regulations1 be=e w promote4  7d7 ,rules
 "u ! ,inve/m5t ,advis]s ,act ( #aidj   
,section #bjb7;c7 ( ! ,inve/m5t ,advis]s
 ,act ( #aidj 7#ae ,u4,s4,c4            
#hj;b-#b7;c77 is am5d$ by ins]t+ 1 :5   
consid]$ individually or cumulatively ) 
o!r relat$ rules or regulations or o!r  
relat$ & rec5t propos$ rules or         
regulations1 be=e w promote4