; or (ii) any portion of a financial risk or financial return that primarily relates to events that— (I) involve a high degree of uncertainty regarding what may occur in the long-term future; and (II) are systemic, general, or not investment-specific in nature. (4) Non-accelerated filer The term non-accelerated filer means an issuer that is not an accelerated filer or a large accelerated filer. (b) Amendments required Not later than 180 days after the date of enactment of this Act, the Commission shall amend section 240.14a–8 of title 17, Code of Federal Regulations, or any successor regulation, to provide that the shareholder proposals that a company includes on the proxy card of the company, and includes along with any supporting statement in the proxy statement of the company, shall be determined in accordance with the following: (1) A company shall determine the proposals to include with respect to any 1 annual or special meeting of shareholders as follows: (A) Subject to paragraph (2), if the company is a non-accelerated filer, the company shall not be required to include more than 2 proposals submitted by shareholders. (B) Subject to paragraph (2), if the company is an accelerated filer, the company shall not be required to include more than 4 proposals submitted by shareholders. (C) Subject to paragraph (2), if the company is a large accelerated filer, the company shall not be required to include more than 7 proposals submitted by shareholders. (2) A proposal may not be included under paragraph (1) unless the proposal has a material effect on the financial performance of the applicable company. (3) The method for determining which proposals to include under subparagraphs (A), (B), and (C) of paragraph (1) shall be— (A) determined by the company