; (C) rules of the Securities and Exchange Commission; (D) rules of registered national securities associations; (E) State and Federal liability concerns; (F) the settlement agreements referenced in Securities and Exchange Commission Litigation Release No. 18438 (relating to the Global Research Analyst Settlement; issued October 31, 2003); and (G) Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 (relating to markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU), as implemented by the member states of the European Union. (c) Report required Not later than 180 days after the date of enactment of this Act, the Securities and Exchange Commission shall submit to Congress a report that includes— (1) the results of the study required under subsection (a); and (2) recommendations to increase the demand for, volume of, and quality of investment research into small issuers, including emerging growth companies and companies considering initial public offerings.