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115th Congress   }                                     {        Report
                        HOUSE OF REPRESENTATIVES
 1st Session     }                                     {        115-75

======================================================================

 
   PROVIDING FOR CONSIDERATION OF THE BILL (H.R. 1343) TO DIRECT THE 
    SECURITIES AND EXCHANGE COMMISSION TO REVISE ITS RULES SO AS TO 
INCREASE THE THRESHOLD AMOUNT FOR REQUIRING ISSUERS TO PROVIDE CERTAIN 
           DISCLOSURES RELATING TO COMPENSATORY BENEFIT PLANS

                                _______
                                

   April 3, 2017.--Referred to the House Calendar and ordered to be 
                                printed

                                _______
                                

                 Mr. Buck, from the Committee on Rules,
                        submitted the following

                              R E P O R T

                       [To accompany H. Res. 240]

    The Committee on Rules, having had under consideration 
House Resolution 240, by a nonrecord vote, report the same to 
the House with the recommendation that the resolution be 
adopted.

                SUMMARY OF PROVISIONS OF THE RESOLUTION

    The resolution provides for consideration of H.R. 1343, the 
Encouraging Employee Ownership Act of 2017, under a structured 
rule. The resolution provides one hour of debate equally 
divided and controlled by the chair and ranking minority member 
of the Committee on Financial Services. The resolution waives 
all points of order against consideration of the bill. The 
resolution provides that an amendment in the nature of a 
substitute consisting of the text of Rules Committee Print 115-
11 shall be considered as adopted and the bill, as amended, 
shall be considered as read. The resolution waives all points 
of order against provisions in the bill, as amended.
    The resolution makes in order only the further amendment 
printed in this report, if offered by the Member designated in 
this report, which shall be considered as read, shall be 
debatable for the time specified in this report equally divided 
and controlled by the proponent and an opponent, shall not be 
subject to amendment, and shall not be subject to a demand for 
division of the question. The resolution waives all points of 
order against the amendment printed in this report. The 
resolution provides one motion to recommit with or without 
instructions.

                         EXPLANATION OF WAIVERS

    Although the resolution waives all points of order against 
consideration of the bill, the Committee is not aware of any 
points of order. The waiver is prophylactic in nature.
    Although the resolution waives all points of order against 
provisions in the bill, as amended, the Committee is not aware 
of any points of order. The waiver is prophylactic in nature.
    Although the resolution waives all points of order against 
the amendment printed in this report, the Committee is not 
aware of any points of order. The waiver is prophylactic in 
nature.

                 SUMMARY OF THE AMENDMENT MADE IN ORDER

    1. Polis (CO): Requires GAO to report to Congress one year 
after date of enactment the impact of the legislation on 
employee ownership. (10 minutes)

                    TEXT OF AMENDMENT MADE IN ORDER

 1. An Amendment To Be Offered by Representative Polis of Colorado or 
                 His Designee, Debatable for 10 Minutes

  Page 2, after line 2, insert the following:

SEC. 3. GAO REPORT ON IMPACT ON EMPLOYEE OWNERSHIP.

  Not later than 1 year after the date of the enactment of this 
Act, the Comptroller General of the United States shall submit 
to Congress a report on the impact on employee ownership of the 
revisions required by section 2, including the impact on--
          (1) the number of employees participating in 
        compensatory benefit plans; and
          (2) diversification of the securities held by 
        employee pension benefit plans subject to title I of 
        the Employee Retirement Income Security Act of 1974 (29 
        U.S.C. 1001 et seq.).

                                  [all]