[House Report 115-75]
[From the U.S. Government Publishing Office]
115th Congress } { Report
HOUSE OF REPRESENTATIVES
1st Session } { 115-75
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PROVIDING FOR CONSIDERATION OF THE BILL (H.R. 1343) TO DIRECT THE
SECURITIES AND EXCHANGE COMMISSION TO REVISE ITS RULES SO AS TO
INCREASE THE THRESHOLD AMOUNT FOR REQUIRING ISSUERS TO PROVIDE CERTAIN
DISCLOSURES RELATING TO COMPENSATORY BENEFIT PLANS
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April 3, 2017.--Referred to the House Calendar and ordered to be
printed
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Mr. Buck, from the Committee on Rules,
submitted the following
R E P O R T
[To accompany H. Res. 240]
The Committee on Rules, having had under consideration
House Resolution 240, by a nonrecord vote, report the same to
the House with the recommendation that the resolution be
adopted.
SUMMARY OF PROVISIONS OF THE RESOLUTION
The resolution provides for consideration of H.R. 1343, the
Encouraging Employee Ownership Act of 2017, under a structured
rule. The resolution provides one hour of debate equally
divided and controlled by the chair and ranking minority member
of the Committee on Financial Services. The resolution waives
all points of order against consideration of the bill. The
resolution provides that an amendment in the nature of a
substitute consisting of the text of Rules Committee Print 115-
11 shall be considered as adopted and the bill, as amended,
shall be considered as read. The resolution waives all points
of order against provisions in the bill, as amended.
The resolution makes in order only the further amendment
printed in this report, if offered by the Member designated in
this report, which shall be considered as read, shall be
debatable for the time specified in this report equally divided
and controlled by the proponent and an opponent, shall not be
subject to amendment, and shall not be subject to a demand for
division of the question. The resolution waives all points of
order against the amendment printed in this report. The
resolution provides one motion to recommit with or without
instructions.
EXPLANATION OF WAIVERS
Although the resolution waives all points of order against
consideration of the bill, the Committee is not aware of any
points of order. The waiver is prophylactic in nature.
Although the resolution waives all points of order against
provisions in the bill, as amended, the Committee is not aware
of any points of order. The waiver is prophylactic in nature.
Although the resolution waives all points of order against
the amendment printed in this report, the Committee is not
aware of any points of order. The waiver is prophylactic in
nature.
SUMMARY OF THE AMENDMENT MADE IN ORDER
1. Polis (CO): Requires GAO to report to Congress one year
after date of enactment the impact of the legislation on
employee ownership. (10 minutes)
TEXT OF AMENDMENT MADE IN ORDER
1. An Amendment To Be Offered by Representative Polis of Colorado or
His Designee, Debatable for 10 Minutes
Page 2, after line 2, insert the following:
SEC. 3. GAO REPORT ON IMPACT ON EMPLOYEE OWNERSHIP.
Not later than 1 year after the date of the enactment of this
Act, the Comptroller General of the United States shall submit
to Congress a report on the impact on employee ownership of the
revisions required by section 2, including the impact on--
(1) the number of employees participating in
compensatory benefit plans; and
(2) diversification of the securities held by
employee pension benefit plans subject to title I of
the Employee Retirement Income Security Act of 1974 (29
U.S.C. 1001 et seq.).
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