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H. Rept. 118-724 1 (2024-11-01)

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US. GOVERNMENT
INFORMATION
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                    118TH CONGRESS                                         REPORT
                       2d Session     HOUSE   OF REPRESENTATIVES           118-724







                       PROTECTING INVESTORS' PERSONALLY IDENTIFIABLE
                                           INFORMATION ACT



                     NOVEMBER 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.R. 4551]

                              [Including cost estimate of the Congressional Budget Office]

                      The  Committee  on  Financial Services, to whom  was referred the
                    bill (H.R. 4551) to prohibit the Securities and Exchange   Commis-
                    sion from requiring that personally identifiable information be col-
                    lected under  consolidated audit trail reporting requirements,  and
                    for other purposes, having  considered the same,  reports favorably
                    thereon  with  an  amendment and recommends that the bill as
                    amended   do pass.

                                                 CONTENTS
                                                                                    Page
                    Purpose and Sum m ary  ........................................................................................... .  2
                    Background and Need for  Legislation  ....................................................................  2
                    R elated H earing  ...................................................................................................... .  3
                    Com m ittee  Consideration  ........................................................................................  3
                    C om m ittee  V otes  .....................................................................................................  3
                    Com m ittee  Oversight Findings  ...............................................................................  5
                    Perform ance Goals  and  Objectives  .........................................................................  5
                    Congressional Budget Office  Estimates   .................................................................  5
                    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  ............................................................................  6
                       59-006

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