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1 (2024-05-06)

handle is hein.congrecreports/crptxaggz0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GPO 118TH CONGRESS REPT. 118-484 2d Session HOUSE OF REPRESENTATIVES Part 2 FINANCIAL INNOVATION AND TECHNOLOGY FOR THE 21ST CENTURY ACT MAY 6, 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. 4763] The Committee on Financial Services, to whom was referred the bill (H.R. 4763) to provide for a system of regulation of digital as- sets by the Commodity Futures Trading Commission and the Secu- rities and Exchange Commission, 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 ............................................................................................ 56 Background and Need for Legislation .................................................................... 56 R elated H earings ..................................................................................................... 72 Com m ittee Consideration ........................................................................................ 73 C om m ittee V otes ...................................................................................................... 73 Com m ittee Oversight Findings ............................................................................... 77 Perform ance Goals and Objectives ......................................................................... 77 Congressional Budget Office Estimates ................................................................. 77 New Budget Authority, Entitlement Authority, and Tax Expenditures ............. 77 Federal M andates Statem ent ................................................................................. 77 Advisory Com m ittee Statem ent .............................................................................. 77 Applicability to Legislative Branch ........................................................................ 78 Earm ark Identification ............................................................................................ 78 Duplication of Federal Program s ............................................................................ 78 Section-by-Section Analysis of the Legislation ...................................................... 78 Changes in Existing Law Made by the Bill, as Reported ..................................... 85 M inority V iew s ......................................................................................................... 332 55-584