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H. Rept. 114-477 1 (2016-03-23)

handle is hein.congrecreports/crptxrky0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP 114TH CONGRESS REPORT 2d Session HOUSE OF REPRESENTATIVES 114-477 FINANCIAL INSTITUTION BANKRUPTCY ACT OF 2016 MARCH 23, 2016.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. GOODLATTE, from the Committee on the Judiciary, submitted the following REPORT [To accompany H.R. 2947] [Including cost estimate of the Congressional Budget Office] The Committee on the Judiciary, to whom was referred the bill (H.R. 2947) to amend title 11 of the United States Code in order to facilitate the resolution of an insolvent financial institution in bankruptcy, having considered the same, reports favorably thereon with an amendment and recommends that the bill as amended do pass. CONTENTS Page The A m endm ent ..................................................................................................... 1 Purpose and Sum m ary ............................................................................................ 9 Background and Need for the Legislation ............................................................. 9 H earings ................................................................................................................... 16 Com m ittee Consideration ........................................................................................ 18 C om m ittee V otes ...................................................................................................... 18 Com m ittee Oversight Findings ............................................................................... 19 New Budget Authority and Tax Expenditures ...................................................... 19 Congressional Budget Office Cost Estimate .......................................................... 19 Duplication of Federal Program s ............................................................................ 22 Disclosure of Directed Rule M akings ..................................................................... 22 Perform ance Goals and Objectives ......................................................................... 22 A dvisory on Earm arks ............................................................................................. 22 Section-by-Section Analysis .................................................................................... 22 Changes in Existing Law Made by the Bill, as Reported ..................................... 28 The Amendment The amendment is as follows: Strike all after the enacting clause and insert the following: 59-006

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