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H. Rept. 116-357 1 (2019-12-19)

handle is hein.congrecreports/crptxacyq0001 and id is 1 raw text is: AUTHENTICATEO U.S. GOVERNMENT INFORMATION Op 116TH CONGRESS REPORT 1st Session HOUSE OF REPRESENTATIVES 116-357 PROVIDING FOR CONSIDERATION OF THE BILL (H.R. 5377) TO AMEND THE INTERNAL REVENUE CODE OF 1986 TO MODIFY THE LIMITATION ON DE- DUCTION OF STATE AND LOCAL TAXES, AND FOR OTHER PURPOSES DECEMBER 19, 2019.-Referred to the House Calendar and ordered to be printed Mrs. TORRES of California, from the Committee on Rules, submitted the following REPORT [To accompany H. Res. 7721 The Committee on Rules, having had under consideration House Resolution 772, by a record vote of 7 to 4, 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. 5377, the Re- storing Tax Fairness for States and Localities Act, under a closed rule. The resolution provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Ways and Means. The resolution waives all points of order against consideration of the bill. The resolution provides that the amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted and the bill, as amended, shall be consid- ered as read. The resolution waives all points of order against pro- visions in the bill, as amended. The resolution provides one motion to recommit with or without instructions. EXPLANATION OF WAIVERS The waiver of all points of order against consideration of the bill includes waivers of the following: * Clause 10 of rule XXI, which prohibits consideration of a measure that has a net effect of increasing the deficit or reduc- ing the surplus over the five- or 10-year period; however, the budgetary effects of the bill are fully offset over the 10-year pe- riod. * Section 311(a) of the Congressional Budget Act, which pro- hibits consideration of legislation that would cause the level of total new budget authority for the first fiscal year to be exceed- ed, or would cause revenues to be less than the level of total 99-008

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