TECHNICAL CORRECTIONS TO FEDERAL SECURITIES LAWS.

SEC. 985. TECHNICAL CORRECTIONS TO FEDERAL SECURITIES LAWS.(a) Securities Act of 1933.—The Securities Act of 1933 (15 U.S.C. 77a et seq.) is amended—(1) in section 3(a)(4) (15 U.S.C. 77c(a)(4)), by striking “individual;” and inserting “individual,”;(2) in section 18 (15 U.S.C. 77r)—(A) in subsection (b)(1)(C), by striking “is a security” and inserting “a security”; and(B) in subsection (c)(2)(B)(i), by striking “State, or” and inserting “State or”;(3) in section 19(d)(6)(A) (15 U.S.C. 77s(d)(6)(A)), by striking “in paragraph (1) of (3)” and inserting “in paragraph (1) or (3)”; and(4) in section 27A(c)(1)(B)(ii) (15 U.S.C. 77z–2(c)(1)(B)(ii)), by striking “business entity;” and inserting “business entity,”.(b) Securities Exchange Act of 1934.—The Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) is amended—(1) in section 2 (15 U.S.C. 78b), by striking “affected” and inserting “effected”;(2) in section 3 (15 U.S.C. 78c)—(A) in subsection (a)(55)(A), by striking “section 3(a)(12) of the Securities Exchange Act of 1934” and inserting “section 3(a)(12) of this title”; and(B) in subsection (g), by striking “company, account person, or entity” and inserting “company, account, person, or entity”;(3) in section 10A(i)(1)(B) (15 U.S.C. 78j–1(i)(1)(B))—(A) in the subparagraph heading, by striking “minimus” and inserting “minimis”; and(B) in clause (i), by striking “nonaudit” and inserting “non-audit”;(4) in section 13(b)(1) (15 U.S.C. 78m(b)(1)), by striking “earning statement” and inserting “earnings statement”;(5) in section 15 (15 U.S.C. 78o)—(A) in subsection (b)(1)—(i) in subparagraph (B), by striking “The order granting” and all that follows through “from such membership.”; and(ii) in the undesignated matter immediately following subparagraph (B), by inserting after the first sentence the following: “The order granting registration shall not be effective until such broker or dealer has become a member of a registered securities association, 124 STAT. 1934 or until such broker or dealer has become a member of a national securities exchange, if such broker or dealer effects transactions solely on that exchange, unless the Commission has exempted such broker or dealer, by rule or order, from such membership.”;(6) in section 15C(a)(2) (15 U.S.C. 78o–5(a)(2))—(A) by redesignating clauses (i) and (ii) as subparagraphs (A) and (B), respectively, and adjusting the subparagraph margins accordingly;(B) in subparagraph (B), as so redesignated, by striking “The order granting” and all that follows through “from such membership.”; and(C) in the matter following subparagraph (B), as so redesignated, by inserting after the first sentence the following: “The order granting registration shall not be effective until such government securities broker or government securities dealer has become a member of a national securities exchange registered under section 6 of this title, or a securities association registered under section 15A of this title, unless the Commission has exempted such government securities broker or government securities dealer, by rule or order, from such membership.”;(7) in section 17(b)(1)(B) (15 U.S.C. 78q(b)(1)(B)), by striking “15A(k) gives” and inserting “15A(k), give”; and(8) in section 21C(c)(2) (15 U.S.C. 78u–3(c)(2)), by striking “paragraph (1) subsection” and inserting “Paragraph (1)”.(c) Trust Indenture Act of 1939.—The Trust Indenture Act of 1939 (15 U.S.C. 77aaa et seq.) is amended—(1) in section 304(b) (15 U.S.C. 77ddd(b)), by striking “section 2 of such Act” and inserting “section 2(a) of such Act”; and(2) in section 317(a)(1) (15 U.S.C. 77qqq(a)(1)), by striking “, in the” and inserting “in the”.(d) Investment Company Act of 1940.—The Investment Company Act of 1940 (15 U.S.C. 80a–1 et seq.) is amended—(1) in section 2(a)(19) (15 U.S.C. 80a–2(a)(19)), in the matter following subparagraph (B)(vii)—(A) by striking “clause (vi)” each place that term appears and inserting “clause (vii)”; and(B) in each of subparagraphs (A)(vi) and (B)(vi), by adding “and” at the end of subclause (III);(2) in section 9(b)(4)(B) (15 U.S.C. 80a–9(b)(4)(B)), by adding “or” after the semicolon at the end;(3) in section 12(d)(1)(J) (15 U.S.C. 80a–12(d)(1)(J)), by striking “any provision of this subsection” and inserting “any provision of this paragraph”;(4) in section 17(f) (15 U.S.C. 80a–17(f))—(A) in paragraph (4), by striking “No such member” and inserting “No member of a national securities exchange”; and(B) in paragraph (6), by striking “company may serve” and inserting “company, may serve”; and(5) in section 61(a)(3)(B)(iii) (15 U.S.C. 80a–60(a)(3)(B)(iii))—(A) by striking “paragraph (1) of section 205” and inserting “section 205(a)(1)”; and124 STAT. 1935(B) by striking “clause (A) or (B) of that section” and inserting “paragraph (1) or (2) of section 205(b)”.(e) Investment Advisers Act of 1940.—The Investment Advisers Act of 1940 (15 U.S.C. 80b–1 et seq.) is amended—(1) in section 203 (15 U.S.C. 80b–3)—(A) in subsection (c)(1)(A), by striking “principal business office and” and inserting “principal office, principal place of business, and”; and(B) in subsection (k)(4)(B), in the matter following clause (ii), by striking “principal place of business” and inserting “principal office or place of business”;(2) in section 206(3) (15 U.S.C. 80b–6(3)), by adding “or” after the semicolon at the end;(3) in section 213(a) (15 U.S.C. 80b–13(a)), by striking “principal place of business” and inserting “principal office or place of business”; and(4) in section 222 (15 U.S.C. 80b–18a), by striking “principal place of business” each place that term appears and inserting “principal office and place of business”.