Notice of Action: H.R. 5486; H.R. 5279

Monday, June 14, 2010

6:35 P.M.

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H.R. 5486

Ways and Means

Small Business Jobs Tax Relief Act of 2010

H.R. 5297    

Financial Services; Small Business

Small Business Lending Fund Act of 2010

The Committee granted, by a non-record vote, a closed rule providing for consideration of H.R. 5486, the “Small Business Jobs Tax Relief Act of 2010”.  The rule provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Ways and Means.  The rule waives all points of order against consideration of the bill except those arising under clause 9 or 10 of rule XXI.  The rule provides that the bill shall be considered as read.  The rule waives all points of order against the bill.  The rule provides one motion to recommit H.R. 5486 with or without instructions.

The rule also provides for consideration of H.R. 5297, the Small Business Lending Fund Act of 2010, under a structured rule.  The rule provides one hour of general debate with 30 minutes equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services and 30 minutes equally divided and controlled by the chair and ranking minority member of the Committee on Small Business.  The rule waives all points of order against consideration of the bill except for clauses 9 and 10 of rule XXI.  The rule provides that in lieu of the amendment in the nature of a substitute recommended by the Committee on Financial Services, the amendment in the nature of a substitute printed in part A of the report of the Committee on Rules, modified by the amendment printed in part B of the report, 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.  The rule makes in order only those amendments printed in part C of the report.  The rule provides that 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 division of the question.  The rule waives all points of order against the amendments printed in part C of the report except for clauses 9 and 10 of rule XXI.  The resolution provides one motion to recommit H.R. 5297 with or without instructions.  The rule provides that the Chair may entertain a motion that the Committee rise only if offered by the chair of the Committee on Financial Services or his designee and provides that the Chair may not entertain a motion to strike out the enacting words of the bill (as described in clause 9 of rule XVIII).  

The rule provides that in the engrossment of H.R. 5297, the Clerk is authorized to make technical and conforming changes to amendatory instructions.  It also provides that in the engrossment of H.R. 5297, the Clerk shall add the text of H.R. 5486, as passed by the House, at the end of H.R. 5297 and that H.R. 5486 shall be laid on the table.

The rule waives 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 with respect to any resolution reported through the legislative day of June 18, 2010, providing for consideration or disposition of any Senate amendment to the House amendment to the Senate amendment to the bill (H.R. 4213) to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes.

The rule provides that measures may be considered under suspension of the rules at any time through the legislative day of June 18, 2010.  The Speaker or her designee shall consult with the Minority Leader or his designee on the designation of any matter for consideration pursuant to this section.