H. Res. 773: H.R. 4545 - Financial Institutions Examination Fairness and Reform Act; H.R. 1116 - TAILOR Act of 2017; H.R. 4263 - Regulation A+ Improvement Act of 2017

COMMITTEE ACTION: REPORTED BY VOICE VOTE on Tuesday, March 13, 2018.

FLOOR ACTION: ADOPTED BY A RECORD VOTE OF 235-182 AFTER ORDERING THE PREVIOUS QUESTION BY A RECORD VOTE OF 234-183 on Wednesday, March 14, 2018.

MANAGERS: Polis/Buck

115th Congress

2nd Session

Rule

H. RES. 773

Report No. 115-595

 

H.R. 4545 - Financial Institutions Examination Fairness and Reform Act

H.R. 1116- Taking Account of Institutions with Low Operation Risk Act of2017

H.R. 4263 - Regulation A+ Improvement Act of 2017

  1. Structured rule for H.R. 4545.
  2. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.
  3. Waives all points of order against consideration of the bill.
  4. Provides that the amendment printed in part A of the Rules Committee report shall be considered as adopted and the bill, as amended, shall be considered as read.
  5. Waives all points of order against provisions in the bill, as amended.
  6. Makes in order only the further amendment printed in part B of the rules committee report, if offered by the Member designated in the report, which shall be considered as read, shall be debatable for the time specified in the 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.
  7. Waives all points of order against the amendment printed in the report.
  8. Provides one motion to recommit with or without instructions.
  9. Closed rule for H.R. 1116.
  10. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.
  11. Waives all points of order against consideration of the bill.
  12. Provides that the amendment printed in part C of the Rules Committee report shall be considered as adopted and the bill, as amended, shall be considered as read.
  13. Waives all points of order against provisions in the bill, as amended.
  14. Provides one motion to recommit with or without instructions.
  15. Closed rule for H.R. 4263.
  16. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.
  17. Waives all points of order against consideration of the bill.
  18. Provides that the amendment printed in part D of the Rules Committee report shall be considered as adopted and the bill, as amended shall be considered as read.
  19. Waives all points of order against provisions in the bill, as amended.
  20. Provides one motion to recommit with or without instructions.

 

RESOLUTION

Resolved, That upon adoption of this resolution it shall be in order to consider in the House the bill (H.R. 4545) to amend the Federal Financial Institutions Examination Council Act of 1978 to improve the examination of depository institutions, and for other purposes. All points of order against consideration of the bill are waived. The amendment printed in part A of the report of the Committee on Rules accompanying this resolution shall be considered as adopted. The bill, as amended, shall be considered as read. All points of order against provisions in the bill, as amended, are waived. The previous question shall be considered as ordered on the bill, as amended, and on any further amendment thereto, to final passage without intervening motion except: (1) one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services; (2) the further amendment printed in part B of the report of the Committee on Rules, if offered by the Member designated in the report, which shall be in order without intervention of any point of order, shall be considered as read, shall be separately debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, and shall not be subject to a demand for division of the question; and (3) one motion to recommit with or without instructions.

Sec. 2. Upon adoption of this resolution it shall be in order to consider in the House the bill (H.R. 1116) to require the Federal financial institutions regulatory agencies to take risk profiles and business models of institutions into account when taking regulatory actions, and for other purposes. All points of order against consideration of the bill are waived. The amendment printed in part C of the report of the Committee on Rules accompanying this resolution shall be considered as adopted. The bill, as amended, shall be considered as read. All points of order against provisions in the bill, as amended, are waived. The previous question shall be considered as ordered on the bill, as amended, and on any further amendment thereto, to final passage without intervening motion except: (1) one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services; and (2) one motion to recommit with or without instructions.

Sec. 3. Upon adoption of this resolution it shall be in order to consider in the House the bill (H.R. 4263) to amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes. All points of order against consideration of the bill are waived. The amendment printed in part D of the report of the Committee on Rules accompanying this resolution shall be considered as adopted. The bill, as amended, shall be considered as read. All points of order against provisions in the bill, as amended, are waived. The previous question shall be considered as ordered on the bill, as amended, and on any further amendment thereto, to final passage without intervening motion except: (1) one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services; and (2) one motion to recommit with or without instructions.

 

SUMMARY OF AMENDMENT TO H.R. 4545 IN PART A PROPOSED TO BE CONSIDERED AS ADOPTED

Sponsor

#

Description

  1. Tipton (CO)

#1

Reduces the Federal Reserve Banks Surplus Fund.

 

SUMMARY OF AMENDMENT TO H.R. 4545 IN PART B PROPOSED TO BE MADE IN ORDER

(summaries derived from information provided by sponsors)

Sponsor

#

Description

Debate Time

  1. Waters (CA)

#2

Narrows the applicability of the bill’s additional appeal process from applying to all financial institutions regardless of their size, including megabanks and payday lenders, to only small, community banks and credit unions with less than $10 billion in assets.

(10 minutes)

 

SUMMARY OF AMENDMENT TO H.R. 1116 IN PART C PROPOSED TO BE CONSIDERED AS ADOPTED

Sponsor

#

Description

  1. Tipton (CO)

#1

Reduces the Federal Reserve Banks Surplus Fund.

 

SUMMARY OF AMENDMENT TO H.R. 4263 IN PART D PROPOSED TO BE CONSIDERED AS ADOPTED

Sponsor

#

Description

  1. MacArthur (NJ)

#1

Corrects drafting error in bill short title.