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H. Rept. 118-793,Part 1 1 (2024-12-04)

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                    118TH CONGRESS                                      REPT. 118-793
                       2d Session     HOUSE   OF REPRESENTATIVES            Part 1







                     INCREASING FINANCIAL REGULATORY ACCOUNTABILITY
                                       AND   TRANSPARENCY ACT




                                     DECEMBER 4, 2024.-Ordered to be printed




                         Mr. McHENRY,   from  the Committee  on Financial Services,
                                          submitted  the following



                                             REPORT


                                               together with


                                            MINORITY VIEWS

                                            [To accompany H.R. 3556]

                      The  Committee  on  Financial Services, to whom  was referred the
                    bill (H.R. 3556) to amend the Federal  financial laws to increase fi-
                    nancial regulatory  accountability and transparency,  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  ...........................................................................................  12
                    Background and Need for  Legislation  ...................................................................  13
                    R elated H earings  .....................................................................................................  14
                    Com m ittee  Consideration  ........................................................................................  14
                    C om m ittee  V otes  ......................................................................................................  15
                    Com m ittee  Oversight  Findings  ...............................................................................  22
                    Perform ance Goals  and  Objectives  ........................................................................  22
                    Congressional Budget Office    Estimates   .................................................................  22
                    New Budget Authority, Entitlement Authority, and Tax Expenditures ............         22
                    Federal M andates  Statem ent   .................................................................................  22
                    Advisory Com m ittee  Statem ent  .............................................................................  22
                    Applicability  to  Legislative  Branch  ........................................................................  22
                    Earm ark Identification  ...........................................................................................  22
                    Duplication of Federal Program   s  ...........................................................................  23
                    Section-by-Section Analysis of the Legislation    .....................................................  23
                    R am seyer ..................................................................................................................  3 1
                    M inority  V iew s  .........................................................................................................  120


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