House Floor Summary

On agreeing to the Sherman amendment; Agreed to by voice vote.

DEBATE - Pursuant to the provisions of H. Res. 647, the House proceeded with 10 minutes of debate on the Sherman amendment No. 1.

An amendment, offered by Mr. Sherman, numbered 1 printed in Part A of House Report 115-443 to make several changes that provide additional protections for investors and small businesses. Specifically the amendment includes provisions that would prohibit passive buyers in the M&A transaction, prohibit M&A brokers from binding a party to a transfer of ownership, prohibit M&A brokers from providing financing for the transfer, and require M&A brokers that represent both the buyer and seller to disclose that to both parties and receive written consent.

DEBATE - The House proceeded with one hour of debate on H.R. 477.

POSTPONED PROCEEDINGS - At the conclusion of debate on H.J. Res. 123, the Chair put the question on passage of the bill, and announced by voice vote that the ayes had prevailed. Mr. Frelinghuysen demanded the yeas and nays, and the Chair postponed further proceedings on the question of passage until later in the legislative day.

Provides for consideration of H.R. 477 and H.R. 3971 under structured rules with one hour of debate, one motion to recommit with or without instructions on each measure. Also provides for consideration of H.J. Res. 123 under a closed rule, with one hour of debate and one motion

Considered under the provisions of rule H. Res. 647. H.R. 477 — "To amend the Securities Exchange Act of 1934 to exempt from registration brokers performing services in connection with the transfer of ownership of smaller privately held companies."

The previous question was ordered pursuant to the rule.

On approving the Journal Agreed to by the Yeas and Nays: 212 - 205, 2 Present (Roll no. 668).

On motion to suspend the rules and agree to the resolution, as amended Agreed to by the Yeas and Nays: (2/3 required): 419 - 8 (Roll no. 667).

On agreeing to the resolution Agreed to by the Yeas and Nays: 238 - 188 (Roll no. 666).

On ordering the previous question Agreed to by the Yeas and Nays: 236 - 190 (Roll no. 665).

DEBATE - The House proceeded with one hour of debate on H.J. Res. 123.

Provides for consideration of H.R. 477 and H.R. 3971 under structured rules with one hour of debate, one motion to recommit with or without instructions on each measure. Also provides for consideration of H.J. Res. 123 under a closed rule, with one hour of debate and one motion

Considered under the provisions of rule H. Res. 647. H.J. Res. 123 — "Making further continuing appropriations for fiscal year 2018, and for other purposes."

On approving the Journal Agreed to by the Yeas and Nays: (Roll no. 668).

UNFINISHED BUSINESS - The Chair announced that the unfinished business was on question on the Speaker's approval of the Journal which had been postponed.

Motion to reconsider laid on the table Agreed to without objection.

On motion to suspend the rules and agree to the resolution, as amended Agreed to by the Yeas and Nays (2/3 required): (Roll no. 667).

Considered as unfinished business. H. Res. 259 — "Expressing concern and condemnation over the political, economic, social, and humanitarian crisis in Venezuela."