H. Rept. 115-549 1 (2018-02-08)

handle is hein.congrecreports/crptxabaa0001 and id is 1 raw text is: AUTHENTICATEO

                   115TH CONGRESS                                      REPORT
                      2d Session    HOUSE OF REPRESENTATIVES          115-549

                               PROTECTION OF SOURCE CODE ACT

                    FEBRUARY 8, 2018.-Committed to the Committee of the Whole House on the State
                                    of the Union and ordered to be printed

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


                                            together with

                                         MINORITY VIEWS

                                         [To accompany H.R. 3948]

                            [Including cost estimate of the Congressional Budget Office]
                     The Committee on Financial Services, to whom was referred the
                   bill (H.R. 3948) to prohibit the Securities and Exchange Commis-
                   sion from compelling a person to produce or furnish algorithmic
                   trading source code or similar intellectual property to the Commis-
                   sion unless the Commission first issues a subpoena, and for other
                   purposes, having considered the same, reports favorably thereon
                   with amendments and recommends that the bill as amended do
                     The amendments (stated in terms of the page and line numbers
                   of the introduced bill) are as follows:
                     Page 2, line 11, strike or provides insight to.
                     Page 2, line 22, strike or provides insight to.
                     Page 3, line 6, strike or provides insight to.
                     Page 3, line 18, strike or provides insight to.
                                       PURPOSE AND SUMMARY
                     On October 4, 2017, Representatives Sean Duffy and David Scott
                   introduced the Protection of Source Code Act, which amends the
                   Securities Act of 1933, the Securities Exchange Act of 1934, the In-
                   vestment Company Act of 1940, and the Investment Advisers Act
                   of 1940 to require the Securities and Exchange Commission (SEC)
                   to first issue a subpoena before it compels a person to produce or

What Is HeinOnline?

HeinOnline is a subscription-based resource containing nearly 2,700 academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.

Access to this content requires a subscription. Please visit the following page to request a quote or trial:

Already a HeinOnline Subscriber?