To extend the transaction reporting requirement to judicial officers and senior executive branch employees.

TEXT OF AMENDMENTS

SA 1477. Mr. THUNE submitted an amendment intended to be proposed to
amendment SA 1470 proposed by Mr. Reid (for himself, Mr. Brown of
Massachusetts, Mr. Lieberman, Ms. Collins, Mrs. Gillibrand, Mr. Levin,
and Mr. Franken) to the bill S. 2038, to prohibit Members of Congress
and employees of Congress from using nonpublic information derived from
their official positions for personal benefit, and for other purposes;
as follows:

At the appropriate place, insert the following:

SEC. _. MODIFICATION OF EXEMPTION.

(a) Removal of Restriction.--Section 4(2) of the Securities
Act of 1933 (15 U.S.C. 77d(2)) is amended by inserting before
the period at the end the following: ``, whether or not such
transactions involve general solicitation or general
advertising''.
(b) Modification of Rules.--Not later than 90 days after
the date of enactment of this Act, the Securities and
Exchange Commission shall revise its rules issued in section
230.506 of title 17, Code of Federal Regulations, to provide
that the prohibition against general solicitation or general
advertising contained in section 230.502(c) of such title
shall not apply to offers and sales of securities made
pursuant to section 230.506, provided that all purchasers of
the securities are accredited investors. Such rules shall
require the issuer to take reasonable steps to verify that
purchasers of the securities are accredited investors, using
such methods as determined by the Commission.
______

SA 1478. Mr. BROWN of Ohio submitted an amendment intended to be
proposed to amendment SA 1470 proposed by Mr. Reid (for himself, Mr.
Brown of Massachusetts, Mr. Lieberman, Ms. Collins, Mrs. Gillibrand,
Mr. Levin, and Mr. Franken) to the bill S. 2038, to prohibit Members of
Congress and employees of Congress from using nonpublic information
derived from their official positions for personal benefit, and for
other purposes; as follows:

On page 6, strike lines 12 through 15, and insert the
following:
``(j) After any transaction required to be reported under
section 102(a)(5)(B), a Member of Congress or officer or
employee of Congress shall file a report of the transaction
not later than 10 days following the day on which the subject
transaction has been executed.''.
On page 9, line 17, strike ``30'' and insert ``10''.
______

SA 1479. Mr. HELLER submitted an amendment intended to be proposed by
him to the bill S. 2038, to prohibit Members of Congress and employees
of Congress from using nonpublic information derived from their
official positions for personal benefit, and for other purposes; which
was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. EXTENSION OF PAY FREEZE FOR FEDERAL EMPLOYEES.

(a) In General.--Section 147 of the Continuing
Appropriations Act, 2011 (Public Law 111-242; 5 U.S.C. 5303
note) is amended--
(1) in subsection (b)(1), by striking ``December 31, 2012''
and inserting ``December 31, 2013''; and

[[Page S216]]

(2) in subsection (c), by striking ``December 31, 2012''
and inserting ``December 31, 2013''.
(b) Clarification That Freeze Applies to Legislative
Branch.--
(1) Members of congress.--Notwithstanding any other
provision of law, no adjustment shall be made under section
601(a) of the Legislative Reorganization Act of 1946 (2
U.S.C. 31) (relating to cost of living adjustments for
Members of Congress) during the period beginning on the first
day of the first pay period beginning on or after February 1,
2013 and ending on December 31, 2013.
(2) Legislative branch employees.--
(A) Definition.--In this paragraph, the term ``legislative
branch employee'' means--
(i) an employee whose pay is disbursed by the Secretary of
the Senate or the Chief Administrative Officer of the House
of Representatives; and
(ii) an employee of any agency established in the
legislative branch.
(B) Freeze.--Notwithstanding any other provision of law, no
cost of living adjustment required by statute with respect to
a legislative branch employee which (but for this
subparagraph) would otherwise take effect during the period
beginning on the date of enactment of this Act and ending on
December 31, 2013 shall be made.
______

SA 1480. Mr. HELLER submitted an amendment intended to be proposed by
him to the bill S. 2038, to prohibit Members of Congress and employees
of Congress from using nonpublic information derived from their
official positions for personal benefit, and for other purposes; which
was ordered to lie on the table; as follows:

At the end, add the following:

TITLE II--NO BUDGET, NO PAY

SECTION 201. SHORT TITLE.

This title may be cited as the ``No Budget, No Pay Act''.

SEC. 202. DEFINITION.

In this title, the term ``Member of Congress''--
(1) has the meaning given under section 2106 of title 5,
United States Code; and
(2) does not include the Vice President.

SEC. 203. TIMELY APPROVAL OF CONCURRENT RESOLUTION ON THE
BUDGET AND THE APPROPRIATIONS BILLS.

If both Houses of Congress have not approved a concurrent
resolution on the budget as described under section 301 of
the Congressional Budget and Impoundment Control Act of 1974
(2 U.S.C. 632) for a fiscal year before October 1 of that
fiscal year and have not passed all the regular
appropriations bills for the next fiscal year before October
1 of that fiscal year, the pay of each Member of Congress may
not be paid for each day following that October 1 until the
date on which both Houses of Congress approve a concurrent
resolution on the budget for that fiscal year and all the
regular appropriations bills.

SEC. 204. NO PAY WITHOUT CONCURRENT RESOLUTION ON THE BUDGET
AND THE APPROPRIATIONS BILLS.

(a) In General.--Notwithstanding any other provision of
law, no funds may be appropriated or otherwise be made
available from the United States Treasury for the pay of any
Member of Congress during any period determined by the
Chairpersons of the Committee on the Budget and the Committee
on Appropriations of the Senate or the Chairpersons of the
Committee on the Budget and the Committee on Appropriations
of the House of Representatives under section 205.
(b) No Retroactive Pay.--A Member of Congress may not
receive pay for any period determined by the Chairpersons of
the Committee on the Budget and the Committee on
Appropriations of the Senate or the Chairpersons of the
Committee on the Budget and the Committee on Appropriations
of the House of Representatives under section 205, at any
time after the end of that period.

SEC. 205. DETERMINATIONS.

(a) Senate.--
(1) Request for certifications.--On October 1 of each year,
the Secretary of the Senate shall submit a request to the
Chairpersons of the Committee on the Budget and the Committee
on Appropriations of the Senate for certification of
determinations made under subparagraphs (A) and (B) of
paragraph (2).
(2) Determinations.--The Chairpersons of the Committee on
the Budget and the Committee on Appropriations of the Senate
shall--
(A) on October 1 of each year, make a determination of
whether Congress is in compliance with section 203 and
whether Senators may not be paid under that section;
(B) determine the period of days following each October 1
that Senators may not be paid under section 203; and
(C) provide timely certification of the determinations
under subparagraphs (A) and (B) upon the request of the
Secretary of the Senate.
(b) House of Representatives.--
(1) Request for certifications.--On October 1 of each year,
the Chief Administrative Officer of the House of
Representatives shall submit a request to the Chairpersons of
the Committee on the Budget and the Committee on
Appropriations of the House of Representatives for
certification of determinations made under subparagraphs (A)
and (B) of paragraph (2).
(2) Determinations.--The Chairpersons of the Committee on
the Budget and the Committee on Appropriations of the House
of Representatives shall--
(A) on October 1 of each year, make a determination of
whether Congress is in compliance with section 203 and
whether Member of the House of Representatives may not be
paid under that section;
(B) determine the period of days following each October 1
that Member of the House of Representatives may not be paid
under section 203; and
(C) provide timely certification of the determinations
under subparagraph (A) and (B) upon the request of the Chief
Administrative Officer of the House of Representatives.

SEC. 206. EFFECTIVE DATE.

This title shall take effect on February 1, 2013.
______

SA 1481. Mr. BROWN of Ohio (for himself and Mr. Merkley) proposed an
amendment to amendment SA 1470 proposed by Mr. Reid (for himself, Mr.
Brown of Massachusetts, Mr. Lieberman, Ms. Collins, Mrs. Gillibrand,
Mr. Levin, and Mr. Franken) to the bill S. 2038, to prohibit Members of
Congress and employees of Congress from using nonpublic information
derived from their official positions for personal benefit, and for
other purposes; as follows:

At the appropriate place, insert the following:

SEC. __. PUTTING THE PEOPLE'S INTERESTS FIRST ACT OF 2012.

(a) Short Title.--This section may be cited as the
``Putting the People's Interests First Act of 2012''.
(b) Eliminating Financial Conflicts of Interest for Members
of the Senate.--A covered person shall be prohibited from
holding and shall divest themselves of any covered
transaction that is directly and reasonably foreseeably
affected by the official actions of such covered person, to
avoid any conflict of interest, or the appearance thereof.
Any divestiture shall occur within a reasonable period of
time.
(c) Definitions.--In this section:
(1) Securities.--The term ``securities'' has the same
meaning as in section 3 of the Securities Exchange Act of
1934 (15 U.S.C. 78c).
(2) Covered person.--The term ``covered person'' means a
Member, officer, or employee of the Senate, their spouse, and
their dependents.
(3) Covered transaction.--The term ``covered transaction''
means investment in securities in any company, any comparable
economic interest acquired through synthetic means such as
the use of derivatives, or short selling any publicly traded
securities.
(4) Short selling.--The term ``short selling'' means
entering into a transaction that has the effect of creating a
net short position in a publicly traded company.
(d) Exception.--Nothing in this section shall preclude a
covered person from investing in broad-based investments,
such as diversified mutual funds and unit investment trusts,
sector mutual funds, or employee benefit plans, even if a
portion of the funds are invested in a security, so long as
the covered person has no control over or knowledge of the
management of the investment, other than information made
available to the public by the mutual fund.
(e) Trusts.--
(1) In general.--On a case-by-case basis, the Select
Committee on Ethics may authorize a covered person to place
their securities holdings in a qualified blind trust approved
by the committee under section 102(f) of the Ethics in
Government Act of 1978.
(2) Blind trust.--A blind trust permitted under this
subsection shall meet the criteria in section 102(f)(4)(B) of
the Ethics in Government Act of 1978, unless an alternative
arrangement is approved by the Select Committee on Ethics.
(f) Application.--This section does not apply to an
individual employed by the Secretary of the Senate, Sergeant
at Arms, the Architect of the Capitol, or the Capital Police.
______

SA 1482. Mr. REID (for Mr. Lieberman) proposed an amendment to
amendment SA 1470 proposed by Mr. Reid (for himself, Mr. Brown of
Massachusetts, Mr. Lieberman, Ms. Collins, Mrs. Gillibrand, Mr. Levin,
and Mr. Franken) to the bill S. 2038, to prohibit Members of Congress
and employees of Congress from using nonpublic information derived from
their official positions for personal benefit, and for other purposes;
as follows:

On page 7, line 22, after ``Reform'' insert ``and the
Committee on the Judiciary''.
______

SA 1483. Mr. LEAHY (for himself and Mr. Cornyn) proposed an amendment
to amendment SA 1470 proposed by Mr. Reid (for himself, Mr. Brown of
Massachusetts, Mr. Lieberman, Ms. Collins, Mrs. Gillibrand, Mr. Levin,
and Mr. Franken) to the bill S. 2038, to prohibit Members of Congress
and employees of Congress from using nonpublic information derived from
their official positions for personal benefit, and for other purposes;
as follows:

At the end, add the following:

[[Page S217]]

TITLE II--PUBLIC CORRUPTION PROSECUTION IMPROVEMENTS

SEC. 201. SHORT TITLE.

This title may be cited as the ``Public Corruption
Prosecution Improvements Act of 2012''.

SEC. 202. VENUE FOR FEDERAL OFFENSES.

(a) In General.--The second undesignated paragraph of
section 3237(a) of title 18, United States Code, is amended
by adding before the period at the end the following: ``or in
any district in which an act in furtherance of the offense is
committed''.
(b) Section Heading.--The heading for section 3237 of title
18, United States Code, is amended to read as follows:

``SEC. 3237. OFFENSE TAKING PLACE IN MORE THAN ONE
DISTRICT.''.

(c) Table of Sections.--The table of sections at the
beginning of chapter 211 of title 18, United States Code, is
amended so that the item relating to section 3237 reads as
follows:

``Sec. 3237. Offense taking place in more than one district.''.

SEC. 203. THEFT OR BRIBERY CONCERNING PROGRAMS RECEIVING
FEDERAL FINANCIAL ASSISTANCE.

Section 666(a) of title 18, United States Code, is
amended--
(1) by striking ``10 years'' and inserting ``20 years'';
(2) by striking ``$5,000'' the second place and the third
place it appears and inserting ``$1,000'';
(3) by striking ``anything of value'' each place it appears
and inserting ``any thing or things of value''; and
(4) in paragraph (1)(B), by inserting after ``anything''
the following: ``or things''.

SEC. 204. PENALTY FOR SECTION 641 VIOLATIONS.

Section 641 of title 18, United States Code, is amended by
striking ``ten years'' and inserting ``15 years''.

SEC. 205. BRIBERY AND GRAFT; CLARIFICATION OF DEFINITION OF
``OFFICIAL ACT''; CLARIFICATION OF THE CRIME OF
ILLEGAL GRATUITIES.

(a) Definition.--Section 201(a) of title 18, United States
Code, is amended--
(1) in paragraph (2), by striking ``and'' at the end;
(2) by amending paragraph (3) to read as follows:
``(3) the term `official act'--
``(A) means any act within the range of official duty, and
any decision or action on any question, matter, cause, suit,
proceeding, or controversy, which may at any time be pending,
or which may by law be brought before any public official, in
such public official's official capacity or in such
official's place of trust or profit; and
``(B) may be a single act, more than 1 act, or a course of
conduct; and''; and
(3) by adding at the end the following:
``(4) the term `rule or regulation' means a Federal
regulation or a rule of the House of Representatives or the
Senate, including those rules and regulations governing the
acceptance of gifts and campaign contributions.''.
(b) Clarification.--Section 201(c)(1) of title 18, United
States Code, is amended to read as follows:
``(1) otherwise than as provided by law for the proper
discharge of official duty, or by rule or regulation--
``(A) directly or indirectly gives, offers, or promises any
thing or things of value to any public official, former
public official, or person selected to be a public official
for or because of any official act performed or to be
performed by such public official, former public official, or
person selected to be a public official;
``(B) directly or indirectly, knowingly gives, offers, or
promises any thing or things of value with an aggregate value
of not less than $1000 to any public official, former public
official, or person selected to be a public official for or
because of the official's or person's official position;
``(C) being a public official, former public official, or
person selected to be a public official, directly or
indirectly, knowingly demands, seeks, receives, accepts, or
agrees to receive or accept any thing or things of value with
an aggregate value of not less than $1000 for or because of
the official's or person's official position; or
``(D) being a public official, former public official, or
person selected to be a public official, directly or
indirectly demands, seeks, receives, accepts, or agrees to
receive or accept any thing or things of value for or because
of any official act performed or to be performed by such
official or person;''.

SEC. 206. AMENDMENT OF THE SENTENCING GUIDELINES RELATING TO
CERTAIN CRIMES.

(a) Directive to Sentencing Commission.--Pursuant to its
authority under section 994(p) of title 28, United States
Code, and in accordance with this section, the United States
Sentencing Commission forthwith shall review and, if
appropriate, amend its guidelines and its policy statements
applicable to persons convicted of an offense under section
201, 641, 1346A, or 666 of title 18, United States Code, in
order to reflect the intent of Congress that such penalties
meet the requirements in subsection (b) of this section.
(b) Requirements.--In carrying out this subsection, the
Commission shall--
(1) ensure that the sentencing guidelines and policy
statements reflect Congress's intent that the guidelines and
policy statements reflect the serious nature of the offenses
described in paragraph (1), the incidence of such offenses,
and the need for an effective deterrent and appropriate
punishment to prevent such offenses;
(2) consider the extent to which the guidelines may or may
not appropriately account for--
(A) the potential and actual harm to the public and the
amount of any loss resulting from the offense;
(B) the level of sophistication and planning involved in
the offense;
(C) whether the offense was committed for purposes of
commercial advantage or private financial benefit;
(D) whether the defendant acted with intent to cause either
physical or property harm in committing the offense;
(E) the extent to which the offense represented an abuse of
trust by the offender and was committed in a manner that
undermined public confidence in the Federal, State, or local
government; and
(F) whether the violation was intended to or had the effect
of creating a threat to public health or safety, injury to
any person or even death;
(3) assure reasonable consistency with other relevant
directives and with other sentencing guidelines;
(4) account for any additional aggravating or mitigating
circumstances that might justify exceptions to the generally
applicable sentencing ranges;
(5) make any necessary conforming changes to the sentencing
guidelines; and
(6) assure that the guidelines adequately meet the purposes
of sentencing as set forth in section 3553(a)(2) of title 18,
United States Code.

SEC. 207. EXTENSION OF STATUTE OF LIMITATIONS FOR SERIOUS
PUBLIC CORRUPTION OFFENSES.

(a) In General.--Chapter 213 of title 18, United States
Code, is amended by adding at the end the following:

``Sec. 3302. Corruption offenses

``Unless an indictment is returned or the information is
filed against a person within 6 years after the commission of
the offense, a person may not be prosecuted, tried, or
punished for a violation of, or a conspiracy or an attempt to
violate the offense in--
``(1) section 201 or 666;
``(2) section 1341 or 1343, when charged in conjunction
with section 1346 and where the offense involves a scheme or
artifice to deprive another of the intangible right of honest
services of a public official;
``(3) section 1951, if the offense involves extortion under
color of official right;
``(4) section 1952, to the extent that the unlawful
activity involves bribery; or
``(5) section 1962, to the extent that the racketeering
activity involves bribery chargeable under State law,
involves a violation of section 201 or 666, section 1341 or
1343, when charged in conjunction with section 1346 and where
the offense involves a scheme or artifice to deprive another
of the intangible right of honest services of a public
official, or section 1951, if the offense involves extortion
under color of official right.''.
(b) Clerical Amendment.--The table of sections at the
beginning of chapter 213 of title 18, United States Code, is
amended by adding at the end the following new item:

``3302. Corruption offenses.''.

(c) Application of Amendment.--The amendments made by this
section shall not apply to any offense committed before the
date of enactment of this Act.

SEC. 208. INCREASE OF MAXIMUM PENALTIES FOR CERTAIN PUBLIC
CORRUPTION RELATED OFFENSES.

(a) Solicitation of Political Contributions.--Section
602(a)(4) of title 18, United States Code, is amended by
striking ``3 years'' and inserting ``5 years''.
(b) Promise of Employment for Political Activity.--Section
600 of title 18, United States Code, is amended by striking
``one year'' and inserting ``3 years''.
(c) Deprivation of Employment for Political Activity.--
Section 601(a) of title 18, United States Code, is amended by
striking ``one year'' and inserting ``3 years''.
(d) Intimidation To Secure Political Contributions.--
Section 606 of title 18, United States Code, is amended by
striking ``three years'' and inserting ``5 years''.
(e) Solicitation and Acceptance of Contributions in Federal
Offices.--Section 607(a)(2) of title 18, United States Code,
is amended by striking ``3 years'' and inserting ``5 years''.
(f) Coercion of Political Activity by Federal Employees.--
Section 610 of title 18, United States Code, is amended by
striking ``three years'' and inserting ``5 years''.

SEC. 209. ADDITIONAL WIRETAP PREDICATES.

Section 2516(1)(c) of title 18, United States Code, is
amended--
(1) by inserting ``section 641 (relating to embezzlement or
theft of public money, property, or records), section 666
(relating to theft or bribery concerning programs receiving
Federal funds),'' after ``section 224 (bribery in sporting
contests),''; and
(2) by inserting ``section 1031 (relating to major fraud
against the United States)'' after ``section 1014 (relating
to loans and credit applications generally; renewals and
discounts),''.

[[Page S218]]

SEC. 210. EXPANDING VENUE FOR PERJURY AND OBSTRUCTION OF
JUSTICE PROCEEDINGS.

(a) In General.--Section 1512(i) of title 18, United States
Code, is amended to read as follows:
``(i) A prosecution under section 1503, 1504, 1505, 1508,
1509, 1510, or this section may be brought in the district in
which the conduct constituting the alleged offense occurred
or in which the official proceeding (whether or not pending
or about to be instituted) was intended to be affected.''.
(b) Perjury.--
(1) In general.--Chapter 79 of title 18, United States
Code, is amended by adding at the end the following:

``Sec. 1624. Venue

``A prosecution under section 1621(1), 1622 (in regard to
subornation of perjury under 1621(1)), or 1623 of this title
may be brought in the district in which the oath,
declaration, certificate, verification, or statement under
penalty of perjury is made or in which a proceeding takes
place in connection with the oath, declaration, certificate,
verification, or statement.''.
(2) Clerical amendment.--The table of sections at the
beginning of chapter 79 of title 18, United States Code, is
amended by adding at the end the following:

``1624. Venue.''.

SEC. 211. PROHIBITION ON UNDISCLOSED SELF-DEALING BY PUBLIC
OFFICIALS.

(a) In General.--Chapter 63 of title 18, United States
Code, is amended by inserting after section 1346 the
following new section:

``Sec. 1346A. Undisclosed self-dealing by public officials

``(a) Undisclosed Self-dealing by Public Officials.--For
purposes of this chapter, the term `scheme or artifice to
defraud' also includes a scheme or artifice by a public
official to engage in undisclosed self-dealing.
``(b) Definitions.--As used in this section:
``(1) Official act.--The term official act--
``(A) means any act within the range of official duty, and
any decision or action on any question, matter, cause, suit,
proceeding, or controversy, which may at any time be pending,
or which may by law be brought before any public official, in
such public official's official capacity or in such
official's place of trust or profit; and
``(B) may be a single act, more than one act, or a course
of conduct.
``(2) Public official.--The term `public official' means an
officer, employee, or elected or appointed representative, or
person acting for or on behalf of the United States, a State,
or a subdivision of a State, or any department, agency or
branch of government thereof, in any official function, under
or by authority of any such department, agency, or branch of
government.
``(3) State.--The term `State' includes a State of the
United States, the District of Columbia, and any
commonwealth, territory, or possession of the United States.
``(4) Undisclosed self-dealing.--The term `undisclosed
self-dealing' means that--
``(A) a public official performs an official act for the
purpose, in whole or in material part, of furthering or
benefitting a financial interest, of which the public
official has knowledge, of--
``(i) the public official;
``(ii) the spouse or minor child of a public official;
``(iii) a general business partner of the public official;
``(iv) a business or organization in which the public
official is serving as an employee, officer, director,
trustee, or general partner;
``(v) an individual, business, or organization with whom
the public official is negotiating for, or has any
arrangement concerning, prospective employment or financial
compensation; or
``(vi) an individual, business, or organization from whom
the public official has received any thing or things of
value, otherwise than as provided by law for the proper
discharge of official duty, or by rule or regulation; and
``(B) the public official knowingly falsifies, conceals, or
covers up material information that is required to be
disclosed by any Federal, State, or local statute, rule,
regulation, or charter applicable to the public official, or
the knowing failure of the public official to disclose
material information in a manner that is required by any
Federal, State, or local statute, rule, regulation, or
charter applicable to the public official.
``(5) Material information.--The term `material
information' means information--
``(A) regarding a financial interest of a person described
in clauses (i) through (iv) paragraph (4)(A); and
``(B) regarding the association, connection, or dealings by
a public official with an individual, business, or
organization as described in clauses (iii) through (vi) of
paragraph (4)(A).''.
(b) Conforming Amendment.--The table of sections for
chapter 63 of title 18, United States Code, is amended by
inserting after the item relating to section 1346 the
following new item:

``1346A. Undisclosed self-dealing by public officials.''.

(c) Applicability.--The amendments made by this section
apply to acts engaged in on or after the date of the
enactment of this Act.

SEC. 212. DISCLOSURE OF INFORMATION IN COMPLAINTS AGAINST
JUDGES.

Section 360(a) of title 28, United States Code, is
amended--
(1) in paragraph (2) by striking ``or'';
(2) in paragraph (3), by striking the period at the end,
and inserting ``; or''; and
(3) by inserting after paragraph (3) the following:
``(4) such disclosure of information regarding a potential
criminal offense is made to the Attorney General, a Federal,
State, or local grand jury, or a Federal, State, or local law
enforcement agency.''.

SEC. 213. CLARIFICATION OF EXEMPTION IN CERTAIN BRIBERY
OFFENSES.

Section 666(c) of title 18, United States Code, is
amended--
(1) by striking ``This section does not apply to''; and
(2) by inserting ``The term `anything of value' that is
corruptly solicited, demanded, accepted or agreed to be
accepted in subsection (a)(1)(B) or corruptly given, offered,
or agreed to be given in subsection (a)(2) shall not
include,'' before ``bona fide salary''.

SEC. 214. CERTIFICATIONS REGARDING APPEALS BY UNITED STATES.

Section 3731 of title 18, United States Code, is amended by
inserting after ``United States attorney'' the following: ``,
Deputy Attorney General, Assistant Attorney General, or the
Attorney General''.
______

SA 1484. Mr. PAUL submitted an amendment intended to be proposed to
amendment SA 1470 proposed by Mr. Reid (for himself, Mr. Brown of
Massachusetts, Mr. Lieberman, Ms. Collins, Mrs. Gillibrand, Mr. Levin,
and Mr. Franken) to the bill S. 2038, to prohibit Members of Congress
and employees of Congress from using nonpublic information derived from
their official positions for personal benefit, and for other purposes;
as follows:

Strike all after the enacting clause and insert the
following:

SECTION 1. MEMBER CERTIFICATION.

Section 102(a) of the Ethics in Government Act of 1978 is
amended by inserting at the end the following:
``(9)(A) A statement (as provided in subparagraph (B))
certifying that financial transactions included in the report
filed pursuant to section 101 (d) and (e) were not made on
the basis of non-public information.
``(B) The certification required by this paragraph is as
follows: `I hereby certify that the financial transactions
reflected in this disclosure form were not made on the basis
of material, non-public information.' ''.

SEC. 2. USE OF NONPUBLIC INFORMATION AND INSIDER TRADING BY
CONGRESS AND FEDERAL EMPLOYEES.

A Member, officer, or employee of Congress, a Federal
employee (as defined in section 2105), including the
President, the Vice President, and an employee of the United
States Postal Service or the Postal Regulatory Commission,
and a judicial officer are not exempt from and is fully
subject to the prohibitions arising under section 10(b) of
the Securities Exchange Act of 1934 and Rule 10b-5
thereunder, including the insider trading prohibitions.
______

SA 1485. Mr. PAUL submitted an amendment intended to be proposed to
amendment SA 1470 proposed by Mr. Reid (for himself, Mr. Brown of
Massachusetts, Mr. Lieberman, Ms. Collins, Mrs. Gillibrand, Mr. Levin,
and Mr. Franken) to the bill S. 2038, to prohibit Members of Congress
and employees of Congress from using nonpublic information derived from
their official positions for personal benefit, and for other purposes;
as follows:

Strike section 6 and insert the following:

SEC. 6. PROMPT REPORTING OF FINANCIAL TRANSACTIONS.

(a) Reporting Requirement.--Section 101 of the Ethics in
Government Act of 1978 is amended by adding at the end the
following subsection:
``(j) Not later than 30 days after any transaction required
to be reported under section 102(a)(5)(B), a Member of
Congress or officer or employee of Congress, a Federal
employee (as defined in section 2105), including the
President, the Vice President, and an employee of the United
States Postal Service or the Postal Regulatory Commission,
and a judicial officer shall file a report of the
transaction.''.
(b) Effective Date.--The amendment made by subsection (a)
shall apply to transactions occurring on or after the date
that is 90 days after the date of enactment of this Act.
______

SA 1486. Mr. CORKER submitted an amendment intended to be proposed by
him to the bill S. 2038, to prohibit Members of Congress and employees
of Congress from using nonpublic information derived from their
official positions for personal benefit, and for other purposes; which
was ordered to lie on the table; as follows:

At the end, insert the following:

SEC. ___. PROHIBITION AGAINST A FEDERAL PROGRAM OF MORTGAGE
PRINCIPAL REDUCTION.

Part 3 of subtitle A of the Federal Housing Enterprise
Financial Safety and Soundness Act of 1992 (12 U.S.C. 4601 et
seq.) is amended by adding at the end the following:

``SEC. 1357. NO FEDERAL BAILOUTS OF RECKLESS BORROWERS.

``It shall be unlawful for the Federal Government to reduce
the principal of mortgage

[[Page S219]]

loans that are held in mortgage-backed securities of the
Federal National Mortgage Association or the Federal Home
Loan Mortgage Corporation.

``SEC. 1358. STATES BEAR THEIR OWN COSTS.

``On or before the date that is 6 months after the date of
enactment of this section, the Director shall develop a
program that--
``(1) conforms to all existing pooling and servicing
agreements of the enterprises on all outstanding mortgage-
backed securities held by the enterprises;
``(2) allows for individual States to purchase whole loans
out of mortgage-backed securities held by the enterprises for
the purposes of reducing principal or performing other loan
modifications, as determined appropriate by each individual
State;
``(3) ensures that the Federal Government is paid at least
par, or 100 cents on the dollar, for all whole loans sold out
of mortgage-backed securities held by the enterprises to
individual States for the purpose of performing loan
modifications; and
``(4) ensures that the Federal Government is reimbursed by
individual States for the entire cost of such program,
including administrative costs, so that no cost is borne
whatsoever by the Federal Government.''.
______

SA 1487. Mr. PAUL proposed an amendment to amendment SA 1470 proposed
by Mr. Reid (for himself, Mr. Brown of Massachusetts, Mr. Lieberman,
Ms. Collins, Mrs. Gillibrand, Mr. Levin, and Mr. Franken) to the bill
S. 2038, to prohibit Members of Congress and employees of Congress from
using nonpublic information derived from their official positions for
personal benefit, and for other purposes; as follows:

At the appropriate place, insert the following:

SEC. ___. LIMITATION ON EXECUTIVE BRANCH OFFICERS AND
EMPLOYEES INVOLVEMENT IN MATTERS INVOLVING
FINANCIAL INTEREST.

The Ethics in Government Act of 1978 (5 U.S.C. App) is
amended by adding at the end the following:

``TITLE VI--GOVERNMENT-WIDE LIMITATION ON INVOLVEMENT IN MATTERS
INVOLVING FINANCIAL INTEREST

``SEC. 601. LIMITATION ON INVOLVEMENT.

``(a) Definitions.--In this section--
``(1) the term `Executive agency' has the meaning given
that term in section 105 of title 5, United States Code;
``(2) the term `equity interest' includes stock, a stock
option, and any other ownership interest;
``(3) the term `immediate family member' has the meaning
given that term in section 115 of title 18, United States
Code;
``(4) the term `remuneration' includes salary and any
payment for services not otherwise identified as salary, such
as consulting fees, honoraria, and paid authorship; and
``(5) the term `significant financial interest', relating
to an individual, means--
``(A) with regard to any publicly traded entity, that the
sum of the fair market value of any remuneration received by
the individual from the entity during the most recent 2-year
period and the fair market value of any equity interest of
the individual in the entity is more than $5,000; and
``(B) with regard to any entity that is not publically
traded--
``(i) that the fair market value of any remuneration
received by the individual from the entity during the most
recent 2-year period is more than $5,000; or
``(ii) that the individual has an equity interest in the
entity.
``(b) Limitation.--An individual may not hold a position as
an officer or employee of an Executive agency in which the
individual would have oversight, rule-making, loan, or grant-
making authority--
``(1) over any entity in which the individual or the spouse
or other immediate family member of the individual has a
significant financial interest; or
``(2) the exercise of which could affect the intellectual
property rights of the individual or the spouse or other
immediate family member of the individual.''.
______

SA 1488. Mr. DeMINT (for himself, and Mr. Vitter) proposed an
amendment to amendment SA 1470 proposed by Mr. Reid (for himself, Mr.
Brown of Massachusetts, Mr. Lieberman, Ms. Collins, Mrs. Gillibrand,
Mr. Levin, and Mr. Franken) to the bill S. 2038, to prohibit Members of
Congress and employees of Congress from using nonpublic information
derived from their official positions for personal benefit, and for
other purposes; as follows:

At the appropriate place, insert the following:

SEC. ___. SENSE OF THE SENATE.

It is the sense of the Senate that the Senate should pass a
joint resolution proposing an amendment to the Constitution
that limits the number of terms a Member of Congress may
serve.
______

SA 1489. Mrs. BOXER (for herself, and Mr. Isakson) submitted an
amendment intended to be proposed by her to the bill S. 2038, to
prohibit Members of Congress and employees of Congress from using
nonpublic information derived from their official positions for
personal benefit, and for other purposes; which was ordered to lie on
the table; as follows:

At the end, add the following:

SECTION 9. REQUIRING MORTGAGE DISCLOSURE.

Section 102(a)(4)(A) of the Ethics in Government Act of
1978 (5 U.S.C. App) is amended by inserting after ``spouse''
the following: ``, except that this exception shall not apply
to a reporting individual described in section 101(f)(9)''.
______

SA 1490. Mr. PAUL submitted an amendment intended to be proposed to
amendment SA 1470 proposed by Mr. Reid (for himself, Mr. Brown of
Massachusetts, Mr. Lieberman, Ms. Collins, Mrs. Gillibrand, Mr. Levin,
and Mr. Franken) to the bill S. 2038, to prohibit Members of Congress
and employees of Congress from using nonpublic information derived from
their official positions for personal benefit, and for other purposes;
as follows:

At the appropriate place, insert the following:

SEC. __. FORFEITURE OF CREDIT FOR SERVICE AS A MEMBER IF
FORMER MEMBERS OF CONGRESS BECOME LOBBYISTS.

(a) Definitions.--In this section--
(1) the term ``creditable service'' means service that is
creditable under chapter 83 or 84 of title 5, United States
Code;
(2) the term ``lobbyist'' has the meaning given that term
in section 3 of the Lobbying Disclosure Act of 1995 (2 U.S.C.
1602);
(3) the term ``Member of Congress'' has the meaning given
that term in section 2106 of title 5, United States Code; and
(4) the term ``remuneration'' includes salary and any
payment for services not otherwise identified as salary, such
as consulting fees, honoraria, and paid authorship.
(b) Forfeiture of Credit for Service.--Any service as a
Member of Congress shall not be creditable service if the
Member of Congress, after serving as a Member of Congress--
(1) becomes a registered lobbyist;
(2) accepts any remuneration from a company or other
private entity that employs registered lobbyists; or
(3) accepts any remuneration from a company or other
private entity that does business with the Federal
Government.
______

SA 1491. Mr. SHELBY submitted an amendment intended to be proposed by
him to the bill S. 2038, to prohibit Members of Congress and employees
of Congress from using nonpublic information derived from their
official positions for personal benefit, and for other purposes; which
was ordered to lie on the table; as follows:

On page 7, line 7, strike ``a'' and insert ``each officer
or employee as referred to in subsection (f), including
each''.
On page 7, line 8 insert a comma after ``employee of
Congress''.
At the end, insert the following:

``SEC. 11. PROMPT REPORTING AND PUBLIC FILING OF FINANCIAL
TRANSACTIONS FOR EXECUTIVE BRANCH.

``Each agency or department of the Executive branch and
each independent agency shall comply with the provisions of
section 8 with respect to any of such agency, department or
independent agency's officers and employees that are subject
to the disclosure provisions under the Ethics in Government
Act of 1978.''.
______

SA 1492. Mr. TESTER (for himself and Mr. Toomey) submitted an
amendment intended to be proposed by him to the bill S. 2038, to
prohibit Members of Congress and employees of Congress from using
nonpublic information derived from their official positions for
personal benefit, and for other purposes; which was ordered to lie on
the table; as follows:

At the end, insert the following:

SEC. ___. SMALL COMPANY CAPITAL FORMATION ACT OF 2012.

(a) Short Title.--This section may be cited as the ``Small
Company Capital Formation Act of 2012''.
(b) Authority to Exempt Certain Securities.--
(1) In general.--Section 3(b) of the Securities Act of 1933
(15 U.S.C. 77c(b)) is amended--
(A) by striking ``(b) The Commission'' and inserting the
following:
``(2) Additional exemptions.--
``(A) Small issues exemptive authority.--The Commission'';
and
(B) by adding at the end the following:
``(B) Additional issues.--The Commission shall by rule or
regulation add a class of securities to the securities
exempted pursuant to this section in accordance with the
following terms and conditions:
``(i) The aggregate offering amount of all securities
offered and sold within the prior 12-month period in reliance
on the exemption added in accordance with this paragraph
shall not exceed $50,000,000.
``(ii) The securities may be offered and sold publicly.
``(iii) The securities shall not be restricted securities
within the meaning of the Federal securities laws and the
regulations promulgated thereunder.

[[Page S220]]

``(iv) The civil liability provision in section 12(a)(2)
shall apply to any person offering or selling such
securities.
``(v) The issuer may solicit interest in the offering prior
to filing any offering statement, on such terms and
conditions as the Commission may prescribe in the public
interest or for the protection of investors.
``(vi) The Commission shall require the issuer to file
audited financial statements with the Commission annually.
``(vii) Such other terms, conditions, or requirements as
the Commission may determine necessary in the public interest
and for the protection of investors, which may include--

``(I) a requirement that the issuer prepare and
electronically file with the Commission and distribute to
prospective investors an offering statement, and any related
documents, in such form and with such content as prescribed
by the Commission, including audited financial statements and
a description of the issuer's business operations, its
financial condition, its corporate governance principles, its
use of investor funds, and other appropriate matters; and
``(II) disqualification provisions under which the
exemption shall not be available to the issuer or its
predecessors, affiliates, officers, directors, underwriters,
or other related persons, which shall be substantially
similar to the disqualification provisions contained in the
regulations adopted in accordance with section 926 of the
Dodd-Frank Wall Street Reform and Consumer Protection Act (15
U.S.C. 77d note).

``(C) Limitation.--Only the following types of securities
may be exempted under a rule or regulation adopted pursuant
to paragraph (2): equity securities, debt securities, and
debt securities convertible or exchangeable to equity
interests, including any guarantees of such securities.
``(D) Periodic disclosures.--Upon such terms and conditions
as the Commission determines necessary in the public interest
and for the protection of investors, the Commission by rule
or regulation may require an issuer of a class of securities
exempted under paragraph (2) to make available to investors
and file with the Commission periodic disclosures regarding
the issuer, its business operations, its financial condition,
its corporate governance principles, its use of investor
funds, and other appropriate matters, and also may provide
for the suspension and termination of such a requirement with
respect to that issuer.
``(E) Adjustment.--Not later than 2 years after the date of
enactment of the Small Company Capital Formation Act of 2011
and every 2 years thereafter, the Commission shall review the
offering amount limitation described in paragraph (2)(A) and
shall increase such amount as the Commission determines
appropriate. If the Commission determines not to increase
such amount, it shall report to the Committee on Financial
Services of the House of Representatives and the Committee on
Banking, Housing, and Urban Affairs of the Senate on its
reasons for not increasing the amount.''.
(2) Treatment as covered securities for purposes of
nsmia.--Section 18(b)(4) of the Securities Act of 1933 (15
U.S.C. 77r(b)(4)) is amended--
(A) in subparagraph (C), by striking ``; or'' at the end
and inserting a semicolon; and
(B) by redesignating subparagraph (D) as subparagraph (E),
and inserting after subparagraph (C) the following:
``(d) a rule or regulation adopted pursuant to section
3(b)(2) and such security is--

``(I) offered or sold on a national securities exchange; or
``(II) offered or sold to a qualified purchaser as defined
by the Commission pursuant to paragraph (3) with respect to
that purchase or sale.''.

(3) Conforming amendment.--Section 4(5) of the Securities
Act of 1933 is amended by striking ``section 3(b)'' and
inserting ``section 3(b)(1)''.
(c) Study on the Impact of State Blue Sky Laws on
Regulation a Offerings.--Not later than 3 months after the
date of enactment of this Act, the Comptroller General
shall--
(1) conduct a study on the impact of State laws regulating
securities offerings (commonly referred to as ``Blue Sky
laws'') on offerings made under Regulation A (17 C.F.R.
230.251 et seq.); and
(A) transmit a report on the findings of the study to the
Committee on Financial Services of the House of
Representatives and the Committee on Banking, Housing, and
Urban Affairs of the Senate.
______

SA 1493. Mr. GRASSLEY submitted an amendment intended to be proposed
by him to the bill S. 2038, to prohibit Members of Congress and
employees of Congress from using nonpublic information derived from
their official positions for personal benefit, and for other purposes;
which was ordered to lie on the table; as follows:

At the end of the bill, insert the following:

SEC. __. DISCLOSURE OF POLITICAL INTELLIGENCE ACTIVITIES
UNDER LOBBYING DISCLOSURE ACT.

(a) Definitions.--Section 3 of the Lobbying Disclosure Act
of 1995 (2 U.S.C. 1602) is amended--
(1) in paragraph (2)--
(A) by inserting after ``lobbying activities'' each place
that term appears the following: ``or political intelligence
activities''; and
(B) by inserting after ``lobbyists'' the following: ``or
political intelligence consultants''; and
(2) by adding at the end the following new paragraphs:
``(17) Political intelligence activities.--The term
`political intelligence activities' means political
intelligence contacts and efforts in support of such
contacts, including preparation and planning activities,
research, and other background work that is intended, at the
time it is performed, for use in contacts, and coordination
with such contacts and efforts of others.
``(18) Political intelligence contact.--
``(A) Definition.--The term `political intelligence
contact' means any oral or written communication (including
an electronic communication) to or from a covered executive
branch official or a covered legislative branch official, the
information derived from which is intended for use in
analyzing securities or commodities markets, or in informing
investment decisions, and which is made on behalf of a client
with regard to--
``(i) the formulation, modification, or adoption of Federal
legislation (including legislative proposals);
``(ii) the formulation, modification, or adoption of a
Federal rule, regulation, Executive order, or any other
program, policy, or position of the United States Government;
or
``(iii) the administration or execution of a Federal
program or policy (including the negotiation, award, or
administration of a Federal contract, grant, loan, permit, or
license).
``(B) Exception.--The term `political intelligence contact'
does not include a communication that is made by or to a
representative of the media if the purpose of the
communication is gathering and disseminating news and
information to the public.
``(19) Political intelligence firm.--The term `political
intelligence firm' means a person or entity that has 1 or
more employees who are political intelligence consultants to
a client other than that person or entity.
``(20) Political intelligence consultant.--The term
`political intelligence consultant' means any individual who
is employed or retained by a client for financial or other
compensation for services that include one or more political
intelligence contacts.''.
(b) Registration Requirement.--Section 4 of the Lobbying
Disclosure Act of 1995 (2 U.S.C. 1603) is amended--
(1) in subsection (a)--
(A) in paragraph (1)--
(i) by inserting after ``whichever is earlier,'' the
following: ``or a political intelligence consultant first
makes a political intelligence contact,''; and
(ii) by inserting after ``such lobbyist'' each place that
term appears the following: ``or consultant'';
(B) in paragraph (2), by inserting after ``lobbyists'' each
place that term appears the following: ``or political
intelligence consultants''; and
(C) in paragraph (3)(A)--
(i) by inserting after ``lobbying activities'' each place
that term appears the following: ``and political intelligence
activities''; and
(ii) in clause (i), by inserting after ``lobbying firm''
the following: ``or political intelligence firm'';
(2) in subsection (b)--
(A) in paragraph (3), by inserting after ``lobbying
activities'' each place that term appears the following: ``or
political intelligence activities'';
(B) in paragraph (4)--
(i) in the matter preceding subparagraph (A), by inserting
after ``lobbying activities'' the following: ``or political
intelligence activities''; and
(ii) in subparagraph (C), by inserting after ``lobbying
activity'' the following: ``or political intelligence
activity'';
(C) in paragraph (5), by inserting after ``lobbying
activities'' each place that term appears the following: ``or
political intelligence activities'';
(D) in paragraph (6), by inserting after ``lobbyist'' each
place that term appears the following: ``or political
intelligence consultant''; and
(E) in the matter following paragraph (6), by inserting
``or political intelligence activities'' after ``such
lobbying activities'';
(3) in subsection (c)--
(A) in paragraph (1), by inserting after ``lobbying
contacts'' the following: ``or political intelligence
contacts''; and
(B) in paragraph (2)--
(i) by inserting after ``lobbying contact'' the following:
``or political intelligence contact''; and
(ii) by inserting after ``lobbying contacts'' the
following: ``and political intelligence contacts''; and
(4) in subsection (d), by inserting after ``lobbying
activities'' each place that term appears the following: ``or
political intelligence activities''.
(c) Reports by Registered Political Intelligence
Consultants.--Section 5 of the Lobbying Disclosure Act of
1995 (2 U.S.C. 1604) is amended--
(1) in subsection (a), by inserting after ``lobbying
activities'' the following: ``and political intelligence
activities'';
(2) in subsection (b)--
(A) in paragraph (2)--
(i) in the matter preceding subparagraph (A), by inserting
after ``lobbying activities'' the following: ``or political
intelligence activities'';
(ii) in subparagraph (A)--

[[Page S221]]

(I) by inserting after ``lobbyist'' the following: ``or
political intelligence consultant''; and
(II) by inserting after ``lobbying activities'' the
following: ``or political intelligence activities'';

(iii) in subparagraph (B), by inserting after ``lobbyists''
the following: ``and political intelligence consultants'';
and
(iv) in subparagraph (C), by inserting after ``lobbyists''
the following: ``or political intelligence consultants'';
(B) in paragraph (3)--
(i) by inserting after ``lobbying firm'' the following:
``or political intelligence firm''; and
(ii) by inserting after ``lobbying activities'' each place
that term appears the following: ``or political intelligence
activities''; and
(C) in paragraph (4), by inserting after ``lobbying
activities'' each place that term appears the following: ``or
political intelligence activities''; and
(3) in subsection (d)(1), in the matter preceding
subparagraph (A), by inserting ``or a political intelligence
consultant'' after ``a lobbyist''.
(d) Disclosure and Enforcement.--Section 6(a) of the
Lobbying Disclosure Act of 1995 (2 U.S.C. 1605) is amended--
(1) in paragraph (3)(A), by inserting after ``lobbying
firms'' the following: ``, political intelligence
consultants, political intelligence firms,'';
(2) in paragraph (7), by striking ``or lobbying firm'' and
inserting ``lobbying firm, political intelligence consultant,
or political intelligence firm''; and
(3) in paragraph (8), by striking ``or lobbying firm'' and
inserting ``lobbying firm, political intelligence consultant,
or political intelligence firm''.
(e) Rules of Construction.--Section 8(b) of the Lobbying
Disclosure Act of 1995 (2 U.S.C. 1607(b)) is amended by
striking ``or lobbying contacts'' and inserting ``lobbying
contacts, political intelligence activities, or political
intelligence contacts''.
(f) Identification of Clients and Covered Officials.--
Section 14 of the Lobbying Disclosure Act of 1995 (2 U.S.C.
1609) is amended--
(1) in subsection (a)--
(A) in the heading, by inserting ``or Political
Intelligence'' after ``Lobbying'';
(B) by inserting ``or political intelligence contact''
after ``lobbying contact'' each place that term appears; and
(C) in paragraph (2), by inserting ``or political
intelligence activity, as the case may be'' after ``lobbying
activity'';
(2) in subsection (b)--
(A) in the heading, by inserting ``or Political
Intelligence'' after ``Lobbying'';
(B) by inserting ``or political intelligence contact''
after ``lobbying contact'' each place that term appears; and
(C) in paragraph (2), by inserting ``or political
intelligence activity, as the case may be'' after ``lobbying
activity''; and
(3) in subsection (c), by inserting ``or political
intelligence contact'' after ``lobbying contact''.
(g) Annual Audits and Reports by Comptroller General.--
Section 26 of the Lobbying Disclosure Act of 1995 (2 U.S.C.
1614) is amended--
(1) in subsection (a)--
(A) by inserting ``political intelligence firms, political
intelligence consultants,'' after ``lobbying firms''; and
(B) by striking ``lobbying registrations'' and inserting
``registrations'';
(2) in subsection (b)(1)(A), by inserting ``political
intelligence firms, political intelligence consultants,''
after ``lobbying firms''; and
(3) in subsection (c), by inserting ``or political
intelligence consultant'' after ``a lobbyist''.
______

SA 1494. Mr. WYDEN submitted an amendment intended to be proposed to
amendment SA 1470 proposed by Mr. Reid (for himself, Mr. Brown of
Massachusetts, Mr. Lieberman, Ms. Collins, Mrs. Gillibrand, Mr. Levin,
and Mr. Franken) to the bill S. 2038, to prohibit Members of Congress
and employees of Congress from using nonpublic information derived from
their official positions for personal benefit, and for other purposes;
which was ordered to lie on the table; as follows:

On page 7, strike lines 6 through 9 and insert the
following:
``(j) Not later than 30 days after any transaction required
to be reported under section 102(a)(5)(B), a Member of
Congress or officer or employee of Congress, executive branch
employee, and any non-military individual appointed by the
President shall file a report of the transaction.''.
At the end of the amendment, insert the following:

SEC. 10. EXECUTIVE BRANCH REPORTING.

Not later than 2 years after the date of enactment of this
Act, the Office of Personnel Management shall establish a
central reporting database that complies with the
requirements of section 8 for all agencies and departments of
the Executive branch and each independent agency.
______

SA 1495. Mr. UDALL of Colorado (for Mr. Inouye) proposed an amendment
to the resolution S. Res. 286, recognizing May 16, 2012, as Hereditary
Angioedema Awareness Day and expressing the sense of the Senate that
more research and treatments are needed for Hereditary Angioedema; as
follows:
Beginning on page 3, strike line 8 and all that follows
through line 18 on page 4 and insert the following: ``the
public.''.

____________________