69–008 

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. 


lotter on DSK5VPTVN1PROD with REPORTS
2 

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.). 

Æ 


lotter on DSK5VPTVN1PROD with REPORTS