,,ii  #aai? ,,congress  #a/ ,session    
,s4 #cbaf  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #ai1 #bjbe,mr4
 ,k5n$y introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,f$]al securities    
laws to specify ! p]iods = :i* f9ancial 
/atem5ts are requir$ to be provid$ by an
 em]g+ gr[? company1 & = o!r purposes4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,gre5light+ ,gr[? ,act4  #b4 ,f9ancial
 /atem5t report+ requirem5ts = em]g+    
gr[? companies  7a7 ,securities ,act (  
#aicc ,section #g7;a77#b7 ( !           
,securities ,act ( #aicc 7#ae ,u4,s4,c4 
#gg;g7a77#b77 is am5d$-- 7#a7 9         
subp>agraph 7,a71 by /rik+ & at ! end2  
7#b7 by r$esignat+ subp>agraph 7,b7 z   
subp>agraph 7,c72 &  7#c7 by ins]t+ aft]
 subp>agraph 7,a7 ! foll[+3  7,b7 ne$ n 
pres5t acquir$ company f9ancial /atem5ts
 or in=mation o!rwise requir$ "u section
 #baj4c-je or #baj4h-jd ( title #ag1    
,code ( ,f$]al ,regulations1 or any     

successor regulation1 = any p]iod prior 
to ! e>lie/ audit$ p]iod ( ! em]g+ gr[? 
company pres5t$ 9 connection ) its      
initial public (f]+ &1 !reaft]1 9 no    
ev5t %all an issu] t 0 an em]g+ gr[?    
company b is no long] an em]g+ gr[?     
company be requir$ to pres5t f9ancial   
/atem5ts ( ! issu] 7or acquir$ company  
f9ancial /atem5ts or in=mation o!rwise  
requir$ "u section #baj4c-je or         
#baj4h-jd ( title #ag1 ,code ( ,f$]al   
,regulations1 or any successor          
regulation7 = any p]iod prior to !      
e>lie/ audit$ p]iod ( ! em]g+ gr[?      
company pres5t$ 9 connection ) its      
initial public (f]+2 &  4  7b7          
,securities ,ex*ange ,act ( #aicd       
,section #ab7;b77#a77,k7 ( ! ,securities
 ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4   
#ghl7b77#a77,k77 is am5d$ by /rik+ firm2
 & ins]t+ firm1 provid$ t ! application 
( an em]g+ gr[? company ne$ n pres5t    
acquir$ company f9ancial /atem5ts or    
in=mation o!rwise requir$ "u section    
#baj4c-je or #baj4h-jd ( title #ag1     

,code ( ,f$]al ,regulations1 or any     
successor regulation1 = any p]iod prior 
to ! e>lie/ audit$ p]iod ( ! em]g+ gr[? 
company pres5t$ 9 connection ) its      
application &1 !reaft]1 9 no ev5t %all  
an issu] t 0 an em]g+ gr[? company b is 
no long] an em]g+ gr[? company be       
requir$ to pres5t f9ancial /atem5ts ( ! 
issu] 7or acquir$ company f9ancial      
/atem5ts or in=mation o!rwise requir$ "u
 section #baj4c-je or #baj4h-jd ( title 
#ag1 ,code ( ,f$]al ,regulations1 or any
 successor regulation7 = any p]iod prior
 to ! e>lie/ audit$ p]iod ( ! em]g+ gr[?
 company pres5t$ 9 connection ) any     
application "u ?is subsection24