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![handle is hein.congrecreports/crptxahuv0001 and id is 1 raw text is: AUTHENTICATED r
U.S. GOVERNMENT
INFORMATION 4
119TH CONGRESS REPORT
1st Session J HOUSE OF REPRESENTATIVES 119-363
BUSINESS OWNERS PROTECTION ACT OF 2025
NOVEMBER 4, 2025.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. HILL of Arkansas, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 3484]
The Committee on Financial Services, to whom was referred the
bill (H.R. 3484) to terminate unused authorities of the Securities
and Exchange Commission that were established pursuant to the
Dodd-Frank Wall Street Reform and Consumer Protection Act, hav-
ing considered the same, reports favorably thereon with an amend-
ment and recommends that the bill as amended do pass.
CONTENTS
Page
Purpose and Sum m ary ........................................................................................... . 2
Background and Need for Legislation .................................................................... 2
Com m ittee Consideration ........................................................................................ 3
R elated H earings ..................................................................................................... 3
C om m ittee V otes ..................................................................................................... 4
Com m ittee Oversight Findings ............................................................................... 6
Perform ance Goals and Objectives ......................................................................... 6
Com m ittee Cost Estim ate ....................................................................................... 6
New Budget Authority and CBO Cost Estimate ................................................... 6
Unfunded M andates Statem ent .............................................................................. 6
E arm ark Statem ent ................................................................................................. 6
Federal Advisory Committee Act Statement ......................................................... 7
Applicability to the Legislative Branch ................................................................. 7
Duplication of Federal Program s ............................................................................ 7
Section-by-Section Analysis of the Legislation ...................................................... 7
Changes in Existing Law Made by the Bill, as Reported ................. 7
M inority V iew s ........................................................................................................ 34
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