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![handle is hein.congrecreports/crptxagdn0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
118TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 118-480
PROVIDING FOR CONGRESSIONAL DISAPPROVAL UNDER CHAPTER 8 OF
TITLE 5, UNITED STATES CODE, OF THE RULE SUBMITTED BY THE SE-
CURITIES AND EXCHANGE COMMISSION RELATING TO STAFF AC-
COUNTING BULLETIN NO. 121
MAY 1, 2024.-Committed to the Committee of the Whole House on the State of the
Union and ordered to be printed
Mr. McHENRY, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.J. Res. 109]
The Committee on Financial Services, to whom was referred the
joint resolution (H.J. Res. 109) providing for congressional dis-
approval under chapter 8 of title 5, United States Code, of the rule
submitted by the Securities and Exchange Commission relating to
Staff Accounting Bulletin No. 121, having considered the same,
reports favorably thereon without amendment and recommends
that the joint resolution do pass.
CONTENTS
Page
Purpose and Sum m ary ............................................................................................ 2
Background and Need for Legislation ................................................................... 2
R elated H earings ..................................................................................................... 3
Com m ittee Consideration ........................................................................................ 4
C om m ittee V otes ...................................................................................................... 4
Com m ittee Oversight Findings .............................................................................. 6
Performance Goals and Objectives ......................................................................... 6
Congressional Budget Office Estimates ................................................................. 6
New Budget Authority, Entitlement Authority, and Tax Expenditures ............. 6
Federal M andates Statem ent ................................................................................. 6
Advisory Com m ittee Statem ent ............................................................................. 6
Applicability to Legislative Branch ....................................................................... 6
Earm ark Identification ............................................................................................ 6
Duplication of Federal Program s ............................................................................ 7
Section-by-Section Analysis of the Legislation ..................................................... 7
M inority V iew s ......................................................................................................... 8
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