FS Credit Opportunities Corp. v. Saba Capital Master Fund, Ltd. · ¶102
On that point, the committee reports that accompany federal statutes are a first-rate indicator of Congress’s intent. Committee reports are not a randomly generated collection of Member reflections; these official documents provide crucial information about proposed legislation and thus play a significant role in the legislative process itself. “Committee reports are generally circulated at least two calendar days before legislation is considered on the floor” in order to explain “a bill’s context, purposes, policy implications, and details” to Members of Congress and their staffs. Katzmann 20, 130–131, n. 62 (citing A. LaRue, Senate Manual Containing the Standing Rules, Orders, Laws, and Resolutions Affecting the Business of the United States Senate, S. Doc. No. 107–1, p. 17 (2001)). The reports therefore serve as the final sales pitch for a bill, and “there is evidence that lawmakers…Read in context ›
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