H.R. 10 - Financial Services Act of 1999

COMMITTEE ACTION: REPORTED BY A RECORD VOTE OF 9 - 3 on Wednesday, June 30, 1999.
FLOOR ACTION: ADOPTED BY A RECORD VOTE OF 227 - 203 on Thursday, June
MANAGERS: SESSIONS/MOAKLEY
106th Congress 
1st Session
H.RES. 235
[Report No. 106-214]

H.R. 10 - FINANCIAL SERVICES ACT OF 1999

1. Structured rule.

2. Provides 90 minutes of general debate: 45 minutes equally divided between the chairman and ranking minority member of the Committee on Banking and Financial Services and 45 minutes equally divided between the chairman and ranking minority member of the Committee on Commerce.

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

4. Makes in order the amendment in the nature of a substitute consisting of the text of the Rules Committee Print dated June 24, 1999, as original text for the purpose of amendment.

5. Waives all points of order against the amendment in the nature of a substitute.

6. Provides that no amendment to the amendment in the nature of a substitute shall be in order except those printed in the Rules Committee report, which may be offered only in the order printed in the report, may be offered only by a Member designated in the report, 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 a division of the question.

7. Waives all points of order against the amendments printed in the report.

8. Allows the chairman of the Committee of the Whole to postpone recorded votes and reduce voting time to five minutes on any postponed question, provided voting time on the first in any series of questions is not less than 15 minutes.

9. Provides one motion to recommit with or without instructions.

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RESOLUTION

Resolved, That at any time after the adoption of this resolution the Speaker may, pursuant to clause 2(b) of rule XVIII, declare the House resolved into the Committee of the Whole House on the state of the Union for consideration of the bill (H.R. 10) to enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, and other financial service providers, and for other purposes. The first reading of the bill shall be dispensed with. All points of order against consideration of the bill are waived. General debate shall be confined to the bill and shall not exceed 90 minutes, with 45 minutes equally divided and controlled by the chairman and ranking minority member of the Committee on Banking and Financial Services and 45 minutes equally divided and controlled by the chairman and ranking minority member of the Committee on Commerce. After general debate the bill shall be considered for amendment under the five-minute rule. In lieu of the amendments now printed in the bill, it shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule an amendment in the nature of a substitute consisting of the text of the Rules Committee Print dated June 24, 1999. That amendment in the nature of a substitute shall be considered as read. All points of order against that amendment in the nature of a substitute are waived. No amendment to that amendment in the nature of a substitute shall be in order except those printed in the report of the Committee on Rules accompanying this resolution. Each amendment may be offered only in the order printed in the report, may be offered only by a Member designated in the report, 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 in the House or in the Committee of the Whole. All points of order against the amendments printed in the report are waived. The chairman of the Committee of the Whole may: (1) postpone until a time during further consideration in the Committee of the Whole a request for a recorded vote on any amendment; and (2) reduce to five minutes the minimum time for electronic voting on any postponed question that follows another electronic vote without intervening business, provided that the minimum time for electronic voting on the first in any series of questions shall be 15 minutes. At the conclusion of consideration of the bill for amendment the Committee shall rise and report the bill to the House with such amendments as may have been adopted. Any Member may demand a separate vote in the House on any amendment adopted in the Committee of the Whole to the bill or to the amendment in the nature of a substitute made in order as original text. The previous question shall be considered as ordered on the bill and amendments thereto to final passage without intervening motion except one motion to recommit with or without instructions.


AMENDMENTS MADE IN ORDER

Summary of Amendments Made in Order

Text of Amendments Made in Order (In PDF. Format)

Burr/Myrick Amendment #67 | Schakowsky/Lee/Gutierrez/Watt Amendment #17 | King/Velazquez Amendment #1 | Paul/Barr/Campbell Amendment #49 | Foley Amendment #15 | Slaughter Amendment #7 | Cook Amendment #60 | Roukema Amendment #47 | Watt Amendment #33 | Bliley Amendment #57 | Oxley/Pryce/Roukema Amendment #73