A bill to amend the Securities Act of 1933, the Securities Exchange Act of 1934, and the Trust Indenture Act of 1939.

[AI summary unavailable — showing source text] Amends the Securities Act of 1933, the Securities and Exchange Act of 1934, and the Trust Indenture Act of 1939 to remove the exemptions from registration under those Acts for certain industrial development bonds. Designates such bonds as those which provide interest included as gross income under the Internal Revenue Code of 1954. Exempts certain bonds issued under specified conditions involving government projects from the provisions of this Act. Authorizes the Securities and Exchange Commission to suspend trading in industrial development bonds issued by a commercial or industrial enterprise pursuant to the Securities and Exchange Act of 1934.…