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![handle is hein.congrecreports/crptxagtw0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
118TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 118-792
FINANCIAL SERVICES INNOVATION ACT OF 2024
DECEMBER 4, 2024.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. McHENRY, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 7440]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 7440) to promote innovation in financial services, 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 ............................................................................................ 6
Background and Need for Legislation .................................................................... 6
R elated H earings ..................................................................................................... 7
Com m ittee Consideration ........................................................................................ 8
C om m ittee V otes ..................................................................................................... 8
Com m ittee Oversight Findings ............................................................................... 14
Perform ance Goals and Objectives ........................................................................ 14
Congressional Budget Office Estimates ................................................................. 14
New Budget Authority, Entitlement Authority, and Tax Expenditures ............ 18
Federal M andates Statem ent ................................................................................. 18
Advisory Com m ittee Statem ent ............................................................................. 18
Applicability to Legislative Branch ........................................................................ 18
Earm ark Identification ........................................................................................... 18
Duplication of Federal Program s ........................................................................... 18
Section-By-Section Analysis of the Legislation ..................................................... 19
M inority V iew s ........................................................................................................ 23
The amendment is as follows:
59-006](ViewImageLocal?handle=hein.congrecreports/crptxagtw0001&div=1&collection=&method=preview&ext=.png&size=3)