[Congressional Record Volume 168, Number 156 (Tuesday, September 27, 2022)]
[Senate]
[Page S5062]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5658. Mr. KENNEDY submitted an amendment intended to be proposed 
to amendment SA 5499 submitted by Mr. Reed (for himself and Mr. Inhofe) 
and intended to be proposed to the bill H.R. 7900, to authorize 
appropriations for fiscal year 2023 for military activities of the 
Department of Defense, for military construction, and for defense 
activities of the Department of Energy, to prescribe military personnel 
strengths for such fiscal year, and for other purposes; which was 
ordered to lie on the table; as follows:

        At the appropriate place, insert the following:

     SEC. ____. DISCLOSURES BY DIRECTORS, OFFICERS, AND PRINCIPAL 
                   STOCKHOLDERS.

       (a) In General.--Section 16(a)(1) of the Securities 
     Exchange Act of 1934 (15 U.S.C. 78p(a)(1)) is amended by 
     inserting ``(including any such security of a foreign private 
     issuer, as that term is defined in section 240.3b-4 of title 
     17, Code of Federal Regulations, or any successor 
     regulation)'' after ``pursuant to section 12''.
       (b) Effect on Regulation.--If any provision of section 
     240.3a12-3(b) of title 17, Code of Federal Regulations, or 
     any successor regulation, is inconsistent with the amendment 
     made by subsection (a), that provision of such section 
     240.3a12-3(b) (or such successor) shall have no force or 
     effect.
       (c) Issuance or Amendment of Regulations.--Not later than 
     90 days after the date of enactment of this Act, the 
     Securities and Exchange Commission shall issue final 
     regulations (or amend existing regulations of the Commission) 
     to carry out the amendment made by subsection (a).
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