Political Quotes

“Mr. Speaker, 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.…”