H. Res. 787: H.R. 4566 — Alleviating Stress Test Burdens to Help Investors Act; H.R. 5247 — Trickett Wendler, Frank Mongiello, Jordan McLinn, and Matthew Bellina Right to Try Act of 2018

COMMITTEE ACTION: REPORTED BY A VOICE VOTE on Monday, March 19, 2018.

FLOOR ACTION: ADOPTED BY A RECORD VOTE OF 225-183 AFTER ORDERING THE PREVIOUS QUESTION BY A RECORD VOTE OF 233-181 on Tuesday, March 20, 2018.

MANAGERS: Hastings/Burgess

115th Congress

2nd Session

Rule

H. RES. 787

Report No. 115-613

 

H.R. 4566 -Alleviating Stress Test Burdens to Help Investors Act

H.R. 5247- Trickett Wendler, Frank Mongiello, Jordan McLinn, and Matthew Bellina Right to Try Act of 2018

  1. Structured rule for H.R. 4566.
  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 an amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-65, 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 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. 5247.
  10. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Energy and Commerce.
  11. Waives all points of order against consideration of the bill.
  12. Provides that the bill shall be considered as read.
  13. Waives all points of order against provisions in the bill.
  14. Provides one motion to recommit.
  15. Section 3 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 through the legislative day of March 23, 2018.
  16. Section 4 provides that it shall be in order at any time on the legislative day of March 22, 2018, or March 23, 2018, for the Speaker to entertain motions that the House suspend the rules and that the Speaker or his designee shall consult with the Minority Leader or her designee on the designation of any matter for consideration pursuant to this section.
  17. Section 5 extends the Holman Rule standing order provided in H. Res. 5 through the end of the 115th Congress.

 

RESOLUTION

Resolved, That upon adoption of this resolution it shall be in order to conside1· in the House the bill (H.R. 4566) to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide relief to nonbanks from certain stress test requirements under such Act. All points of order against consideration of the bill are waived. In lieu of the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-65 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 the report of the Committee on Rules accompanying this resolution, 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 a 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. 5247) to authorize the use of eligible investigational drugs by eligible patients who have been diagnosed with a stage of a disease or condition in which there is reasonable likelihood that death will occur within a matter of months, or with another eligible illness, and for other purposes. All points of order against consideration of the bill are waived. The bill shall be considered as read. All points of order against provisions in the bill are waived. The previous question shall be considered as ordered on the bill and on any 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 Energy and Commerce; and (2) one motion to recommit.

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 March 23, 2018.

Sec. 4. It shall be in order at any time on the legislative day of March 22, 2018, or March 23, 2018, for the Speaker to entertain motions that the House suspend the rules as though under clause 1 of rule XV. The Speaker or his designee shall consult with the Min01·ity Leader or her designee on the designation of any matter for consideration pursuant to this section.

Sec. 5. Section 3(a) of House Resolution 5 is amended by striking "the first session of’.

 

SUMMARY OF AMENDMENT TO H.R. 4566 PROPOSED TO BE MADE IN ORDER

(summaries derived from information provided by sponsors)

Sponsor

#

Description

Debate Time

  1. Waters (CA)

#1

Restores the Federal Reserve Board's discretionary authority to stress test any non-designated non-bank, provided that certain conditions are met. It would also allow the Fed to use alternatives to capital, as appropriate, when stress-testing SIFI-designated non-banks, and eliminates the bill’s $10 billion threshold for the SEC’s and CFTC’s authority to issue stress testing rules for entities under their purview.

(10 minutes)