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![handle is hein.usccsset/usconset60313 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Gp
114TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 114-748
EMPOWERING EMPLOYEES THROUGH STOCK OWNERSHIP
ACT
SEPTEMBER 16, 2016.-Committed to the Committee of the Whole House on the
State of the Union and ordered to be printed
Mr. BRADY of Texas, from the Committee on Ways and Means,
submitted the following
REPORT
[To accompany H.R. 5719]
[Including cost estimate of the Congressional Budget Office]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 5719) to amend the Internal Revenue Code of 1986 to
modify the tax treatment of certain equity grants, having consid-
ered the same, report favorably thereon with an amendment and
recommend that the bill as amended do pass.
CONTENTS
Page
I. SUMMARY AND BACKGROUND .............................................................. . 5
A. Purpose and Sum m ary ..................................................................... 5
B. Background and Need for Legislation ............................................ 6
C. Legislative H istory ........................................................................... 6
II. EXPLANATION OF THE BILL ................................................................... 6
A. Treatment of Qualified Equity Grants (see. 2 of the bill and
sees. 83, 3401, 3402, and 6061 of the Code) ................................ 6
III. VOTES OF THE COMM ITTEE .................................................................... 14
IV. BUDGET EFFECTS OF THE BILL ........................................................... 15
A. Committee Estimate of Budgetary Effects ...................................... 15
B. Statement Regarding New Budget Authority and Tax Expendi-
tures Budget Authority .................................................................. 15
C. Cost Estimate Prepared by the Congressional Budget Office ....... 15
V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF
TH E H O U SE .............................................................................................. 17
A. Committee Oversight Findings and Recommendations ................. 17
B. Statement of General Performance Goals and Objectives ............. 17
C. Information Relating to Unfunded Mandates ................................ 17
D. Applicability of House Rule XXI 5(b) .............................................. 17
E. Tax Com plexity Analysis .................................................................. 17
F. Congressional Earmarks, Limited Tax Benefits, and Limited
Tariff Benefits ................................................................................. 18
G. Duplication of Federal Programs ..................................................... 18
H. Disclosure of Directed Rule Makings .............................................. 18
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