Section 1 Short title
This Act may be cited as the “Municipal Advisors Relief Act of 2013”.
Municipal Advisors Relief Act of 2013
A BILL
To provide for exemptions from municipal advisor registration requirements.
Sec. 2 Bank exemption from municipal advisor registration
Section 15B(e)(4) of the Securities Exchange Act of 1934 (15 U.S.C. 78o–4(e)(4)) is amended—
in subparagraph (A), by striking “entity)” and inserting “entity, or a person appointed to or volunteering on a board, commission, committee, or similar function of a municipal entity)”; and
in subparagraph (C), by inserting after “include” the following: “a bank (as defined in section (3)(a)(6)) or an agency or branch of a foreign bank (as defined in paragraphs (1) and (3), respectively, of section 1(b) of the International Banking Act of 1978 (12 U.S.C. 3101)),”.