H. Res. 1640: Senate amendment to H.R. 5297 - Small Business Jobs and Credit Act of 2010

COMMITTEE ACTION: REPORTED BY VOICE VOTE on Wednesday, September 22, 2010.
FLOOR ACTION: ADOPTED BY A RECORD VOTE OF 226-186 AFTER AFREEING TO THE PREVIOUS QUESTION BY A RECORD VOTE OF 230-181 on Thursday, September 23, 2010.

MANAGERS: Pingree/Diaz-Balart

111th Congress 
2nd Session

H.RES 1640

[Report No. 111-621]

 

 

Senate amendment to H.R. 5297 - Small Business Jobs and Credit Act of 2010

1.         Provides for the consideration of the Senate amendment to H.R. 5297.

2.         Makes in order a motion by the chair of the Committee on Financial Services that the House concur in the Senate amendment.    
 

3.         Waives all points of order against consideration of the motion.       
 

4.         Provides that the Senate amendment and the motion shall be considered as read.  
 

5.         Provides one hour of debate on the motion equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services, the chair and ranking minority member of the Committee on Small Business, and the chair and ranking minority member of the Committee on Ways and Means.      
 

6.         Provides that measures may be considered under suspension of the rules at any time through legislative day of October 1, 2010. The Speaker or her designee shall consult with the Minority Leader or his designee on the designation of any matter for consideration pursuant to this section
 

7.         Waives clause 6(a) of Rule XIII (requiring a two-thirds vote to consider a rule on the same day it is reported from the Rules Committee) against any resolution reported from the Rules committee through the legislative day of October 1, 2010.        

RESOLUTION

 Resolved, That upon adoption of this resolution, it shall be in order to take from the Speaker's table the bill (H.R. 5297) to create the Small Business Lending Fund Program to direct the Secretary of the Treasury to make capital investments in eligible institutions in order to increase the availability of credit for small businesses, to amend the Internal Revenue Code of 1986 to provide tax incentives for small business job creation, and for other purposes, with the Senate amendment thereto, and to consider in the House, without intervention of any point of order, a motion offered by the chair of the Committee on Financial Services or his designee that the House concur in the Senate amendment. The Senate amendment and the motion shall be considered as read. The motion shall be debatable for one hour equally divided among and controlled by the chair and ranking minority member of the Committee on Financial Services, the chair and ranking minority member of the Committee on Small Business, and the chair and ranking minority member of the Committee on Ways and Means. The previous question shall be considered as ordered on the motion to final adoption without intervening motion.

Sec. 2. It shall be in order at any time through the legislative day of October 1, 2010, for the Speaker to entertain motions that the House suspend the rules. The Speaker or her designee shall consult with the Minority Leader or his designee on the designation of any matter for consideration pursuant to this section. 
 

Sec. 3. The requirement of clause 6(a) of rule XIII for a two-thirds vote to consider a report from the Committee on Rules on the same day it is presented to the House is waived with respect to any resolution reported through the legislative day of October 1, 2010.