S.Amdt. 1927

SA 1927. Mr. KENNEDY submitted an amendment intended to be proposed
to amendment SA 1911 submitted by Ms. Cantwell (for herself, Mr. Cruz,
Ms. Duckworth, and Mr. Moran) and intended to be proposed to the bill
H.R. 3935, to amend title 49, United States Code, to reauthorize and
improve the Federal Aviation Administration and other civil aviation
programs, 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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