H.R. 2488 - The Financial Freedom Act of 1999

COMMITTEE ACTION: REPORTED BY VOICE VOTE on Wednesday, July 21, 1999.
FLOOR ACTION: ADOPTED BY A RECORD VOTE OF 219 - 208 on Thursday, July 22, 1999.
MANAGERS: PRYCE/MOAKLEY
106th Congress 
1st Session
H.RES. 256
[Report No. 106-246]

H.R. 2488 - Financial Freedom Act of 1999

1. Structured rule.

2. Provides two hours of debate equally divided and controlled by the chairman and ranking member of the Committee on Ways and Means.

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

4. Makes in order the amendment recommended by the Committee on Ways and Means, as modified by the amendments printed in Part A of the Rules Committee report.

5. Provides for consideration of the amendment in the nature of a substitute offered by Representative Rangel or his designee printed in Part B of the Rules Committee report which shall be considered as read and shall be debatable for one hour equally divided and controlled by the proponent and an opponent.

6. Waives all points of order against the amendment printed in Part B of the report.

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

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RESOLUTION

Resolved, That upon the adoption of this resolution it shall be in order without intervention of any point of order to consider in the House the bill (H.R. 2488) to amend the Internal Revenue Code of 1986 to reduce individual income tax rates, to provide marriage penalty relief, to reduce taxes on savings and investments, to provide estate and gift tax relief, to provide incentives for education savings and health care, and for other purposes. The bill shall be considered as read for amendment. The amendment recommended by the Committee on Ways and Means now printed in the bill, modified by the amendments printed in part A of the report of the Committee on Rules accompanying this resolution, shall be considered as adopted. 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) two hours of debate on the bill, as amended, equally divided and controlled by the chairman and ranking minority member of the Committee on Ways and Means; (2) a further amendment in the nature of a substitute printed in part B of the report of the Committee on Rules, if offered by Representative Rangel of New York or his designee, which shall be in order without intervention of any point of order, shall be considered as read, and shall be separately debatable for one hour equally divided and controlled by the proponent and an opponent; and (3) 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)

PART A

Archer Amendment

PART B

Rangel Amendment