,,ii  #aai? ,,congress  #b;d ,session   
,s4 #efdc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #cj1         
#bjbf,mr4 ,scott ( ,florida 7= himself &
 ,mr4 ,cram]7 introduc$ ! foll[+ bill2  
:i* 0 read twice & ref]r$ to !          
,committee on ,bank+1 ,h\s+1 & ,urban   
,affairs  ,a ,,bill  ,to direct !       
,securities & ,ex*ange ,commission to   
indef9itely susp5d ! trad+ ( securities 
( c]ta9 companies1 & = o!r purposes4    
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,protect+ ,u4,s4 ,inve/ors ,f ,*9ese  
,milit>y ,companies ,act4  #b4          
,def9itions ,9 ?is ,act3 7#a7           
,appropriate committees ( ,congress ,!  
t]m appropriate committees ( ,congress  
means ! ,committee on ,bank+1 ,h\s+1 &  
,urban ,affairs ( ! ,s5ate & !          
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives4  7#b7          
,commission ,! t]m ,commission means !  
,securities & ,ex*ange ,commission4  #c4
 ,susp5sion  7a7 ,9 g5]al ,except z     
provid$ 9 subsection 7b71 n lat] ?an #aj

 days aft] ! date on :i* ! ,secret>y (  
,def5se revises ! li/ pursuant to       
section #abfj;,h ( ! ,william ,m4 7,mac7
 ,?ornb]ry ,national ,def5se            
,au?orization ,act = ,fiscal ,ye> #bjba 
7#aj ,u4,s4,c4 #aac note2 ,public ,law  
#aaf-bhc71 ! ,commission %all           
indef9itely susp5d ! trad+ ( securities 
( any company on ! li/ if ! company     
rema9s on ! li/ = #b annual revisions4  
7b7 ,non-,,sdn ,*9ese                   
,milit>y-,indu/rial ,complex ,companies 
,li/ ,n lat] ?an #aj days aft] ! date on
 :i* ! ,(fice ( ,=eign ,assets ,control 
( ! ,dep>tm5t ( ! ,treasury adds a      
,*9ese milit>y company describ$ 9       
subsection 7a7 to ! ,non-,,sdn ,*9ese   
,milit>y-,indu/rial ,complex ,companies 
,li/1 ! ,commission %all notify !       
appropriate committees ( ,congress t !  
,commission did n susp5d ! trad+ (      
securities ( ! company4  7c7            
,regulations  7#a7 ,9 g5]al ,!          
,commission %all promulgate regulations1
 & issue su* ord]s1 z are /rictly       

necess>y to c>ry out ! requirem5ts ( ?is
 section4  7#b7 ,cont5ts ,consi/5t )    
subsections 7a7 & 7b71 ! regulations &  
ord]s promulgat$ & issu$ "u p>agraph    
7#a7 may address only-- 7,a7 !          
id5tification ( securities subject to a 
trad+ prohibition2  7,b7 ! tim+1        
adm9i/ration1 & en=cem5t ( su* trad+    
prohibition2  7,c7 ! v]ification &      
application ( ! exception2 &  7,d7 !    
notices requir$ to ! appropriate        
committees ( ,congress4  7#c7           
,limitations ,*apt]s #e & #g ( title #e1
 ,unit$ ,/ates ,code1 %all n apply )    
respect to any regulation promulgat$ "u 
?is subsection4  7#d7 ,rule (           
con/ruction ,no?+ 9 ?is subsection may  
be con/ru$ to au?orize ! ,commission    
to-- 7,a7 e/abli% crit]ia = inclusion   
on1 or removal f1 ! li/s describ$ 9     
subsections 7a7 & 7b72  7,b7 impose a   
requirem5t1 re/riction1 p5alty1 or      
obligation n expressly au?oriz$ by ?is  
section2  7,c7 require a securities     
trad+ prohibition outside ( :at is      

au?oriz$ "u ?is section2 or  7,d7       
regulate any p]son or transaction o!r   
?an z necess>y to implem5t a trad+      
prohibition or exception expressly      
requir$ "u ?is section4