Notice of Action: H.R. 3915 - Mortgage Reform and Anti-Predatory Lending Act of 2007; H.R. 3773 - RESTORE Act of 2007

Wednesday, November 14, 2007

6:00 P.M.

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H.R. 3915    Financial Services    Mortgage Reform and Anti-Predatory Lending Act of 2007

The Committee granted by a non-record vote, a structured rule providing 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 this report.  The amendments made in order may be offered only in the order printed in this report, may be offered only by a Member designated in this report, shall be considered as read, shall be debatable for the time specified in this report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment except as specified in this report, 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 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.

H.R. 3773                  

Judiciary; Permanent Select Committee on Intelligence

RESTORE Act of 2007

The Committee granted, by a vote of 7 to 2, a closed rule providing for further consideration of H.R. 3773, the “RESTORE Act of 2007.”  The rule provides for further consideration of the bill pursuant to House Resolution 746. 

The rule provides that time for debate on the bill pursuant to House Resolution 746 shall be considered as expired.  The bill, as amended, shall be debatable for one hour, with 30 minutes equally divided and controlled by the chairman and ranking minority member of the Committee on the Judiciary and 30 minutes equally divided and controlled by the chairman and ranking minority member of the Permanent Select Committee on Intelligence.  The rule provides that the further amendment printed in the report of the Committee on Rules accompanying this rule shall be considered as adopted.