I 111th CONGRESS 2d Session H. R. 4435 IN THE HOUSE OF REPRESENTATIVES January 13, 2010 Mr. Grayson introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Securities Exchange Act of 1934 to prohibit any national securities exchange from effecting any transaction in a security issued by a corporation unless the corporation’s registration with the exchange includes a certification that the corporation currently is in compliance with the provisions of the Federal Election Campaign Act of 1971 governing contributions and expenditures by corporations which were in effect with respect to elections held during 2008.

1.

Prohibiting Transactions on National Securities Exchanges in Securities of Corporations Not Certifying Compliance with Existing Rules Governing Political Contributions and Expenditures

(a)

Registration

Section 12(b) of the Securities Exchange Act of 1934 (15 U.S.C. 78l(b)) is amended by adding at the end the following new paragraph: (4)If the issuer is a corporation, a statement certifying that the issuer is in compliance with section 316 of the Federal Election Campaign Act of 1971 with respect to contributions and expenditures made by the corporation in the most recent quarter and year, as such section applied with respect to elections held in 2008. . (b)

Periodic reports

Section 13(a) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a)) is amended— (1)at the end of paragraph (1), by striking the period and inserting a semicolon; (2)at the end of paragraph (2), by striking the period and inserting ; and; and (3)by adding at the end the following: (3)the statement required under section 12(b)(4). . (c)

Effective Date

The amendments made by this Act shall apply with respect to transactions effected on or after the date of the enactment of this Act.