Tom Emmer: “I have an amendment at the desk. The SPEAKER pro tempore. The Clerk will designate the amendment. The text of the…”

“I have an amendment at the desk. The SPEAKER pro tempore. The Clerk will designate the amendment. The text of the amendment is as follows: Page 3, line 14, strike ``The transactions'' and insert the following: ``(1) In general.--The transactions''. Page 3, line 19, strike ``(1)'' and insert ``(A)'' and adjust the margin 2 ems to the right. Page 3, line 24, strike ``(2)'' and insert ``(B)'' and adjust the margin 2 ems to the right. Page 4, line 5, strike ``(3)'' and insert ``(C)'' and adjust the margin 2 ems to the right. Page 4, line 10, strike the quotation mark and final period and insert after such line the following: ``(2) Disqualification.-- ``(A) In general.--The exemption provided under subsection (a)(8) shall not be available for a transaction involving a sale of securities if any person described in subparagraph (B) would have triggered disqualification pursuant to section 230.506(d) of title 17, Code of Federal Regulations. ``(B) Persons described.--The persons described in this subparagraph are the following: ``(i) The issuer. ``(ii) Any predecessor of the issuer. ``(iii) Any affiliated issuer. ``(iv) Any director, executive officer, other officer participating in the offering, general partner, or managing member of the issuer. ``(v) Any beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power.…”