H. Res. 811: H.R. 4790 - Volcker Rule Regulatory Harmonization Act

COMMITTEE ACTION: REPORTED BY A RECORD VOTE OF 9-3 on Tuesday, April 10, 2018.

FLOOR ACTION: ADOPTED BY A RECORD VOTE OF 230-184 AFTER ORDERING THE PREVIOUS QUESTION BY A RECORD VOTE OF 231-186 on Wednesday, April 11, 2018.

MANAGERS: McGovern/Buck

115th Congress

2nd Session

Rule

H. RES. 811

Report No. 115-629

 

H.R. 4 790 - Volcker Rule Regulatory Harmonization Act

  1. Closed rule for H.R. 4790.
  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 115-67 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. Provides one motion to recommit with or without instructions.
  7. Provides that it shall be in order at any time on the legislative day of April 12, 2018, for the Speaker to entertain motions that the House suspend the rules relating to H.J. Res. 2, proposing a balanced budget amendment to the Constitution of the United States.
  8. Provides that debate on such a motion shall be extended to four hours.
  9. Provides that the Chair may postpone further consideration of such a motion to a time designated by the Speaker.

 

RESOLUTION

Resolved, That upon adoption of this resolution it shall be in order to consider in the House the bill (H.R. 4790) to amend the Volcker rule to give the Board of Governors of the Federal Reserve System sole rulemaking authority, to exclude community banks from the requirements of the Volcker rule, and for other purposes. 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 115-67 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. 2. (a) It shall be in order at any time on the legislative day of April 12, 2018, for the Speaker to entertain motions that the House suspend the rules, as though under clause 1 of rule XV, relating to the joint resolution (H.J. Res. 2) proposing a balanced budget amendment to the Constitution of the United States. Debate on such a motion shall be extended to four hours.

(b) The Chair may postpone further consideration of a motion considered pursuant to subsection (a) to such time as may be designated by the Speaker.