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![handle is hein.congrecreports/crptxtpn0001 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION
Gp
108TH CONGRESS I 1 REPT. 108-277
1st Session HOUSE OF REPRESENTATIVES I Part I
FINANCIAL
CONTRACTS BANKRUPTCY REFORM ACT OF
2003
SEPTEMBER 18, 2003.-Ordered to be printed
Mr. OXLEY, from the Committee on Financial Services,
submitted the following
REPORT
[To accompany H.R. 2120]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 2120) to revise the banking and bankruptcy insolvency
laws with respect to the termination and netting of financial con-
tracts, and for other purposes, having considered the same, reports
favorably thereon without amendment and recommends that the
bill do pass.
CONTENTS
Page
Purpose and Sum m ary ............................................................................................ 2
Background and Need for Legislation .................................................................... 2
H earings ................................................................................................................... 3
Com m ittee Consideration ........................................................................................ 3
C om m ittee V otes ...................................................................................................... 3
Com m ittee Oversight Findings .............................................................................. 4
Performance Goals and Objectives ....................................................................... 4
New Budget Authority, Entitlement Authority, and Tax Expenditures ............. 4
Com m ittee Cost Estim ate ..................................................................................... 4
Congressional Budget Office Cost Estimate ......................................................... 4
Federal M andates Statem ent ................................................................................ . 5
Advisory Com m ittee Statem ent .............................................................................. 6
Constitutional Authority Statem ent ..................................................................... 6
Applicability to Legislative Branch ........................................................................ 6
Section-by-Section Analysis .................................................................................... 6
Changes in Existing Law Made by the Bill, as Reported ..................................... 22
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