[dinodino]

With all due respect, you are wrong. Keep reading:

“...and there shall be no penalty or fine imposed upon any such issuer for choosing not to participate in such programs.”

The adjective “individual” refers to an issuer, not an individual citizen.

[SERE_DOC]

and you know this... to be fact? or are you assuming.

did you notice the "," in the first line that says individual"," company...

not individual company,...