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H. Rept. 116-399 1 (2020-02-21)

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U.S. GOVERNMENT
INFORMATION
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                    116TH CONGRESS                                         REPORT
                       2d Session     HOUSE OF REPRESENTATIVES             116-399







                     STRENGTHENING FRAUD PROTECTION PROVISIONS FOR
                                   SEC ENFORCEMENT ACT OF 2019



                    FEBRUARY 21, 2020.-Committed to the Committee of the Whole House on the State
                                      of the Union and ordered to be printed



                          Ms. WATERS, from the Committee on Financial Services,
                                          submitted the following


                                             REPORT

                                               together with

                                            MINORITY VIEWS

                                            [To accompany H.R. 3701]

                              [Including cost estimate of the Congressional Budget Office]

                      The Committee on Financial Services, to whom was referred the
                    bill (H.R. 3701) to establish a statute of limitations for certain ac-
                    tions of the Securities and Exchange Commission, 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
                    Section-by-Section  A nalysis  ................................................................................... .  3
                    H e a rin g s  ...................................................................................................................  3
                    C om m ittee  C onsideration  .......................................................................................  3
                    C om m ittee  V otes  ......................................................................................................  4
                    Statement of Oversight Findings and Recommendations of the Committee ......        6
                    Statement of Performance   Goals and  Objectives  ..................................................  6
                    New Budget Authority and CBO Cost Estimate ..................................................  6
                    C om m ittee  C ost  E stim ate  .......................................................................................  11
                    U nfunded  M andate  Statem ent  ...............................................................................  11
                    A dvisory  C om m ittee  ................................................................................................  11
                    Application  of Law  to  the  Legislative  Branch  .......................................................  11
                    E arm ark  Statem ent  .................................................................................................  11
                    Duplication  of  Federal Program s  ............................................................................  12
                    C h anges  to  E xisting  L aw   ........................................................................................  12
                       99-006

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