[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 710 Introduced in Senate (IS)]

113th CONGRESS
  1st Session
                                 S. 710

     To provide for exemptions from municipal advisor registration 
                             requirements.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 11, 2013

  Mr. Warner (for himself, Mr. Toomey, Mr. Carper, Mr. Moran, and Mr. 
   Johanns) introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
     To provide for exemptions from municipal advisor registration 
                             requirements.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Municipal Advisors Relief Act of 
2013''.

SEC. 2. BANK EXEMPTION FROM MUNICIPAL ADVISOR REGISTRATION.

    Section 15B(e)(4) of the Securities Exchange Act of 1934 (15 U.S.C. 
78o-4(e)(4)) is amended--
            (1) in subparagraph (A), by striking ``entity)'' and 
        inserting ``entity, or a person appointed to or volunteering on 
        a board, commission, committee, or similar function of a 
        municipal entity)''; and
            (2) in subparagraph (C), by inserting after ``include'' the 
        following: ``a bank (as defined in section (3)(a)(6)) or an 
        agency or branch of a foreign bank (as defined in paragraphs 
        (1) and (3), respectively, of section 1(b) of the International 
        Banking Act of 1978 (12 U.S.C. 3101)),''.
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