79–008 

115TH CONGRESS REPORT " ! HOUSE OF REPRESENTATIVES 1st Session 115–474 

PROVIDING FOR CONSIDERATION OF THE CONFERENCE REPORT TO ACCOMPANY THE BILL (H.R. 1) TO PROVIDE FOR RECONCILIATION PURSUANT TO TITLES II AND V OF THE CONCURRENT RESOLUTION ON THE 

BUDGET FOR FISCAL YEAR 2018; PROVIDING FOR CONSIDERATION OF 

THE BILL (H.R. 3312) TO AMEND THE DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT TO SPECIFY WHEN BANK 

HOLDING COMPANIES MAY BE SUBJECT TO CERTAIN ENHANCED SUPERVISION, AND FOR OTHER PURPOSES; AND FOR OTHER PURPOSES 

DECEMBER 18, 2017.—Referred to the House Calendar and ordered to be printed 

Mr. SESSIONS, from the Committee on Rules, 

submitted the following 

R E P O R T 

[To accompany H. Res. 667] 

The Committee on Rules, having had under consideration House 

Resolution 667, by a record vote of 9 to 4, report the same to the 

House with the recommendation that the resolution be adopted. 

SUMMARY OF PROVISIONS OF THE RESOLUTION

The resolution provides for consideration of the conference report 

to accompany H.R. 1, the Tax Cuts and Jobs Act. The resolution 

waives all points of order against the conference report and against 

its consideration. The resolution provides that the conference report shall be considered as read. The resolution provides that the 

previous question shall be considered as ordered without intervention of any motion except one hour of debate and one motion to recommit if applicable. The resolution provides that clause 5(b) of 

rule XXI shall not apply to the conference report. Debate on the 

conference report is divided pursuant to clause 8(d) of rule XXII. 

Section 2 of the resolution provides for consideration of H.R. 

3312, the Systemic Risk Designation Improvement Act of 2017, 

under a closed rule. The resolution provides one hour of debate 

equally divided and controlled by the chair and ranking minority 

member of the Committee on Financial Services. The resolution 

waives all points of order against consideration of the bill. The resolution provides that an amendment in the nature of a substitute 

consisting of the text of Rules Committee Print 115–49, modified 

by the amendment printed in this report, shall be considered as 

adopted and the bill, as amended, shall be considered as read. The 

resolution waives all points of order against provisions in the bill, 

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as amended. The resolution provides one motion to recommit with 

or without instructions. 

Section 3 of the resolution waives clause 6(a) of rule XIII (requiring a two-thirds vote to consider a rule on the same day it is reported from the Rules Committee) against any resolution reported 

for the remainder of the first session of the One Hundred Fifteenth 

Congress. 

Section 4 of the resolution provides that it shall be in order at 

any time through the remainder of the first session of the One 

Hundred Fifteenth Congress for the Speaker to entertain motions 

that the House suspend the rules and that the Speaker or his designee shall consult with the Minority Leader or her designee on the 

designation of any matter for consideration pursuant to this section. 

EXPLANATION OF WAIVERS

The waiver of all points of order against the conference report 

and its consideration includes a waiver of the following: 

• Clause 9 of rule XXII, which prohibits the inclusion of 

matter in a conference report not committed to the conference 

by either House; and 

• Section 311 of the Congressional Budget Act, which prohibits consideration of legislation that would cause revenues to 

be less than the level of total revenues for the first fiscal year 

or for the total of that first fiscal year and the ensuing fiscal 

years for which allocations are provided. 

It should be noted that although the resolution provides that 

clause 5(b) of rule XXI does not apply to the conference report, the 

rule isolates only specified provisions and does not look at the essential interactions of all the tax provisions. While the conference 

report as a whole provides broad tax relief, the provision is necessary because of the narrow focus of the rule. 

The waiver of all points of order against consideration of H.R. 

3312 includes a waiver of the following: 

• Clause 10 of rule XXI, which prohibits the consideration of 

a bill if it has the net effect of increasing mandatory spending 

over the five-year or ten-year period. While the waiver is necessary it is important to note that the bill does not cause an 

increase in the deficit. 

• Section 302(f) of the Congressional Budget Act, which prohibits consideration of legislation providing new budget authority in excess of a 302(a) allocation of such authority; 

• Section 303 of the Congressional Budget Act, which prohibits consideration of legislation, providing a change in revenues for a fiscal year until the budget resolution for that year 

has been agreed to; 

• Section 311 of the Congressional Budget Act, which prohibits consideration of legislation that would cause revenues to 

be less than the level of total revenues for the first fiscal year 

or for the total of that first fiscal year and the ensuing fiscal 

years for which allocations are provided. 

The waiver of all points of order against provisions in H.R. 3312, 

as amended, includes a waiver of clause 5(a) of rule XXI, which 

prohibits a bill or joint resolution carrying a tax or tariff measure 

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from being reported by a committee not having jurisdiction to report tax or tariff measures. 

COMMITTEE VOTES

The results of each record vote on an amendment or motion to 

report, together with the names of those voting for and against, are 

printed below: 

Rules Committee record vote No. 164 

Motion by Mr. Polis to provide for consideration of House Concurrent Resolution 97, which would include the regulation of virtual currency; protections for small marijuana businesses from tax 

burdens; restrictions and clarifications on special interests deducting certain lobbying expenses; and provisions to allow kombucha 

manufacturers to be taxed fairly for the product they produce. Defeated: 3–9, Present—1 

Majority Members Vote Minority Members Vote 

Mr. Cole ............................................................ Nay Ms. Slaughter .................................................. Present 

Mr. Woodall ...................................................... Nay Mr. McGovern ................................................... Yea 

Mr. Burgess ...................................................... Nay Mr. Hastings of Florida ................................... Yea 

Mr. Collins ........................................................ Nay Mr. Polis ........................................................... Yea 

Mr. Byrne .......................................................... Nay 

Mr. Newhouse ................................................... Nay 

Mr. Buck ........................................................... Nay 

Ms. Cheney ....................................................... Nay 

Mr. Sessions, Chairman ................................... Nay 

Rules Committee record vote No. 165 

Motion by Mr. Cole to report the rule. Adopted: 9–4 

Majority Members Vote Minority Members Vote 

Mr. Cole ............................................................ Yea Ms. Slaughter .................................................. Nay 

Mr. Woodall ...................................................... Yea Mr. McGovern ................................................... Nay 

Mr. Burgess ...................................................... Yea Mr. Hastings of Florida ................................... Nay 

Mr. Collins ........................................................ Yea Mr. Polis ........................................................... Nay 

Mr. Byrne .......................................................... Yea 

Mr. Newhouse ................................................... Yea 

Mr. Buck ........................................................... Yea 

Ms. Cheney ....................................................... Yea 

Mr. Sessions, Chairman ................................... Yea 

SUMMARY OF THE AMENDMENT TO H.R. 3312 CONSIDERED AS ADOPTED

Luetkemeyer (MO): Makes a technical correction by renumbering 

the sections. 

TEXT OF AMENDMENT TO H.R. 3312 CONSIDERED AS ADOPTED

Redesignate the second section 5 as section 6. 

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