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Financial Institutions Examination Fairness and Reform Act (03/15/2018 legislative day)

Providing for consideration of the bill (H.R. 4061) to amend the Financial Stability Act of 2010 to improve the transparency of the Financial Stability Oversight Council, to improve the SIFI designation process, and for other purposes, and providing for consideration of the bill (H.R. 4293) to reform the Comprehensive Capital Analysis and Review process, the Dodd-Frank Act Stress Test process, and for other purposes. (03/15/2018 legislative day)

On motion to recommit with instructions Roll Call 109 - Yea and Nay vote pending.

The previous question on the motion to recommit with instructions was ordered without objection.

DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to strike "$75,000,000" and insert "$50,000,000" on Page 3, line 10; and on Page 3, line 23, insert the following new section entitled: "Effect of Increase in Offering Limit".

Mrs. Beatty moved to recommit with instructions to the Committee on Financial Services.

The previous question was ordered pursuant to the rule.

POSTPONED PROCEEDINGS - At the conclusion of debate on the Maxine Waters amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Ms. Waters demanded the yeas and nays, and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.

DEBATE - The House proceeded with one hour of debate on H.R. 4263.

Rule provides for consideration of H.R. 4545, H.R. 1116 and H.R. 4263. Rule provides for consideration of H.R. 4545 under a structured rule, and makes in order amendments printed in the report, with one motion to recommit with or without instructions. Rule also provides for consideration of H.R. 1116 and H.R. 4263 under closed rules. The rule provides for one hour of debate equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services for each measure, and one motion to recommit with or without instructions for each measure.

Considered under the provisions of rule H. Res. 773. H.R. 4263 — "To amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes."

The previous question was ordered on the amendment and the bill without objection.

DEBATE - Pursuant to the provisions of H. Res. 773, the House proceeded with 10 minutes of debate on the Waters Part B amendment No. 1.

An amendment, offered by Ms. Waters, Maxine, numbered 1 printed in Part B of House Report 115-595 to narrow the applicability of the bill's additional appeal process from applying to all financial institutions regardless of their size, including megabanks and payday lenders, to only small, community banks and credit unions with less than $10 billion in assets.

ORDER OF BUSINESS - Mr. Hensarling asked unanimous consent that the question of adopting amendment No. 1 printed in Part B of House Report 115-595 to H.R. 4545 may be subject to postponement as though under clause 8 of rule 20. Agreed to without objection.

DEBATE - The House proceeded with one hour of debate on H.R. 4545.

Rule provides for consideration of H.R. 4545, H.R. 1116 and H.R. 4263. Rule provides for consideration of H.R. 4545 under a structured rule, and makes in order amendments printed in the report, with one motion to recommit with or without instructions. Rule also provides for consideration of H.R. 1116 and H.R. 4263 under closed rules. The rule provides for one hour of debate equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services for each measure, and one motion to recommit with or without instructions for each measure.

Considered under the provisions of rule H. Res. 773. H.R. 4545 — "To amend the Federal Financial Institutions Examination Council Act of 1978 to improve the examination of depository institutions, and for other purposes."

POSTPONED PROCEEDINGS - At the conclusion of debate on H. Res. 780, the Chair put the question on ordering the previous question and by voice vote, announced that the ayes had prevailed. Mr. Hastings demanded the yeas and nays and the Chair postponed further proceedings on ordering the previous question until later in the legislative day.

DEBATE - The House resumed with debate on H. Res. 780.