Notice of Action: H. Res. 1175 – Providing for consideration of the Senate amendments to the bill (H.R. 3221) to provide needed housing reform and for other purposes; H.R. 5818 – The Neighborhood Stabilization Act of 2008

May 6, 2008
6:20 P.M.

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H.Res. 1175

Financial Services; Ways and Means 

Providing for consideration of the Senate amendments to H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act of 2008     

The Committee granted, by a record vote of 9-4, a rule providing for consideration of the Senate amendments to H.R. 3221, the American Housing Rescue and Foreclosure Prevention Act of 2008.

The rule makes in order a motion by the Chairman of the Committee on Financial Services to concur in the Senate amendment to the text with each of the three House amendments printed in the Rules Committee report.  The rule waives all points of order against the motion except for clause 10 of rule XXI and provides that the Senate amendments and the motion shall be considered as read.  

The rule provides three hours of debate on the motion, with two hours equally divided and controlled by the chairman and ranking minority member of the Committee on Financial Services and one hour equally divided and controlled by the chairman and ranking minority member of the Committee on Ways and Means.  The rule also provides that the Chair shall divide the question of adoption of the motion between the three House amendments.  The rule provides that upon adoption of the motion, a motion that the House concur in the Senate amendment to the title shall be considered as adopted.  Finally, the rule provides that the Chair may postpone further consideration of the motion to a time designated by the Speaker.

H.R. 5818  

Financial Services  

Neighborhood Stabilization Act of 2008  

The Committee granted, by a record vote of 9-4, a structured rule providing for consideration of H.R. 5818, the Neighborhood Stabilization Act of 2008.  The rule provides one hour of general debate equally divided and controlled by the chairman and ranking minority member of the Committee on Financial Services.

The rule waives all points of order against consideration of the bill except clauses 9 and 10 of rule XXI.  The rule provides that the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as an original bill for the purpose of amendment and shall be considered as read.  The rule waives all points of order against the amendment in the nature of a substitute except for clause 10 of rule XXI.

The rule makes in order only those amendments printed in the Rules Committee report.  The amendments made in order 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 in the House or in the Committee of the Whole.  All points of order against the amendments except for clauses 9 and 10 of rule XXI are waived.  The rule provides one motion to recommit with or without instructions.

The rule further provides that after a motion that the Committee rise has been rejected on a legislative day, the Chair may entertain another such motion on that day only if offered by the chairman of the Committee on Financial Services or the Majority Leader or a designee and provides that after a motion to strike out the enacting words of the bill (as described in clause 9 of rule XVIII) has been rejected, the Chair may not entertain another such motion during further consideration of the bill.  Finally, the rule provides that, notwithstanding the operation of the previous question, the Chair may postpone further consideration of the bill to a time designated by the Speaker.