A resolution that the Securities and Exchange Commission be directed to examine its rules and regulations and make such amendments as may be appropriate in order to reduce any unnecessary reporting burden on broker-dealers and help to assure the continued participation of small broker-dealers in the U.S. securities markets.

(LATEST SUMMARY)

Directs the Securities and Exchange Commission to examine its rules and regulations and to make such amendments as may be appropriate and consistent with the Commission's statutory responsibilities to protect investors in order to reduce any unnecessary reporting burden on broker-dealers and help to assure the continued participation of small broker-dealers in the United States securities markets.

Directs the Securities and Exchange Commission to review and, if necessary, amend its rules and regulations to assure that such rules and regulations take cognizance of the role of small broker-dealers in the United States securities markets and permit such broker-dealers to effectively comply with the rules and regulations in the public interest without unnecessary administrative burdens.