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![handle is hein.congrecreports/crptxadwg0001 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION .
117TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 117-52
DISCLOSURE OF TAX HAVENS AND OFFSHORING ACT
JUNE 8, 2021.-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
R E P O R T
together with
MINORITY VIEWS
[To accompany H.R. 3007]
The Committee on Financial Services, to whom was referred the
bill (H.R. 3007) to amend the Securities Act of 1934 to require
country-by-country reporting, 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 ............................................................................................ 3
Background and Need for Legislation ................................................................... 3
Section-by-Section Analysis of the Legislation ..................................................... 4
H e a rin g s ................................................................................................................... 5
Com m ittee Consideration ........................................................................................ 5
C om m ittee V otes ...................................................................................................... 5
Com m ittee Oversight Findings .............................................................................. 9
Statement of Performance Goals and Objectives .................................................. 9
New Budget Authority and C.B.O. Cost Estimate ............................................... 9
Com m ittee Cost E stim ate ....................................................................................... 9
Federal M andates Statem ent ................................................................................. 9
A dvisory Com m ittee Statem ent ............................................................................. 9
Applicability to Legislative Branch ....................................................................... 9
Congressional Earmarks, Limited Tax Benefits, and Limited Tariff Benefits ... 9
D uplicative Federal Program s ................................................................................ 10
Changes in E xisting L aw ........................................................................................ 10
M in ority V iew s ......................................................................................................... 35
The amendment is as follows:
Strike all after the enacting clause and insert the following:
19-006](ViewImageLocal?handle=hein.congrecreports/crptxadwg0001&div=1&collection=&method=preview&ext=.png&size=3)