BANKING, HOUSING AND URBAN AFFAIRS
UNITED STATES SENATE
NINETY-FOURTH CONGRESS
TO AMEND THE SECURITIES EXCHANGE ACT OF 1934 TO RE-
QUIRE THE PREPARATION OF ANNUAL REPORTS AND DISTRI-
BUTION STATEMENTS BY ISSUERS OF MUNICIPAL SECURITIES,
AND FOR OTHER PURPOSES
TO AMEND THE SECURITIES ACT OF 1933 TO PROVIDE FOR THE
REGISTRATION OF SECURITIES ISSUED BY STATE AND LOCAL