,,ii  #aaith ,,congress  #ast ,session  
,s4 #ajhi  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #bd1    
#bjbe,mr4 ,kennedy 7for himself and ,mr4
 ,van ,hollen7 introduced the following 
bill2 which was read twice and referred 
to the ,committee on ,banking1 ,housing1
 and ,urban ,affairs  ,a ,,bill  ,to    
amend the ,securities ,exchange ,act of 
#aicd to address disclosures by         
directors1 officers1 and principal      
stockholders of foreign private issuers1
 and for other purposes4  #a4 ,short    
title ,this ,act may be cited as the    
,holding ,foreign ,insiders ,accountable
 ,act4  #b4 ,disclosures by directors1  
officers1 and principal stockholders    
7a7 ,in general ,section #af7;a77#a7 of 
the ,securities ,exchange ,act of #aicd 
7#ae ,u4,s4,c4 #ghp7a77#a77 is amended  
by inserting 7including any such        
security of a foreign private issuer1 as
 that term is defined in section        
#bdj4c;b-#d of title #ag1 ,code of      
,federal ,regulations1 or any successor 

regulation7 after pursuant to section   
#ab4  7b7 ,effect on regulation ,if any 
provision of section #bdj4c;a#ab-c7;b7  
of title #ag1 ,code of ,federal         
,regulations1 or any successor          
regulation1 is inconsistent with the    
amendment made by subsection 7a71 that  
provision of such section               
#bdj4c;a#ab-c7;b7 7or such successor7   
shall have no force or effect4  7c7     
,issuance or amendment of regulations   
,not later than #ij days after the date 
of enactment of this ,act1 the          
,securities and ,exchange ,commission   
shall issue final regulations 7or amend 
existing regulations of the ,commission7
 to carry out the amendment made by     
subsection 7a74