JOURNAL OF THE

1326

T113.23 SEPTEMBER 12

It was decided in the Yeas ....... 178 ! negative ....................... Nays ...... 232

T113.23 [Roll No. 651]

AYES—178

Andrews

Baesler

Baldacci

Barcia

Barrett (WI)

Becerra

Beilenson

Bentsen

Berman

Bevill

Bishop

Bonior

Borski

Boucher

Brewster

Browder

Brown (CA)

Brown (FL)

Brown (OH)

Bryant (TX)

Cardin

Chapman

Clay

Clayton

Clement

Clyburn

Coleman

Collins (IL)

Collins (MI)

Condit

Conyers

Costello

Coyne

Cramer

Danner

de la Garza

DeFazio

DeLauro

Dellums

Deutsch

Diaz-Balart

Dicks

Dingell

Dixon

Doggett

Dooley

Doyle

Edwards

Engel

Eshoo

Evans

Farr

Fazio

Fields (LA)

Filner

Flake

Foglietta

Forbes

Ford

Frank (MA)

Frost

Furse

Gejdenson

Gephardt

Gibbons

Gonzalez

Gordon

Green

Gutierrez

Hall (OH)

Hamilton

Harman

Hastings (FL)

Hefner

Hinchey

Holden

Hoyer

Jackson-Lee

Jacobs

Johnson (SD)

Johnson, E. B.

Johnston

Kanjorski

Kaptur

Kennedy (MA)

Kennedy (RI)

Kennelly

Kildee

Kingston

Kleczka

Klink

LaFalce

Levin

Lewis (GA)

Lincoln

Lipinski

Lofgren

Lowey

Luther

Maloney

Manton

Markey

Martinez

Mascara

Matsui

McCarthy

McDermott

McHale

McKinney

McNulty

Meehan

Meek

Mfume

Miller (CA)

Mineta

Minge

Montgomery

Murtha

Nadler

Neal

Oberstar

Obey

Olver

Ortiz

Orton

Owens

Pallone

Pastor

Payne (NJ)

Payne (VA)

Peterson (FL)

Peterson (MN)

Pickett

Pomeroy

Poshard

Rangel

Reed

Richardson

Rivers

Roemer

Ros-Lehtinen

Rose

Roybal-Allard

Rush

Sabo

Sanders

Sawyer

Schroeder

Schumer

Scott

Serrano

Skaggs

Skelton

Slaughter

Stark

Stokes

Studds

Stupak

Tanner

Tejeda

Thompson

Thornton

Thurman

Torres

Towns

Vento

Visclosky

Volkmer

Ward

Waters

Watt (NC)

Waxman

Wilson

Wise

Woolsey

Wyden

Wynn

Yates

NOES—232

Allard

Archer

Armey

Bachus

Baker (CA)

Baker (LA)

Ballenger

Barr

Barrett (NE)

Bartlett

Barton

Bass

Bereuter

Bilbray

Bilirakis

Bliley

Blute

Boehlert

Bonilla

Bono

Brownback

Bryant (TN)

Bunning

Burr

Burton

Buyer

Callahan

Calvert

Camp

Canady

Castle

Chabot

Chambliss

Chenoweth

Christensen

Chrysler

Coble

Coburn

Collins (GA)

Combest

Cooley

Cox

Crane

Crapo

Cremeans

Cubin

Cunningham

Davis

Deal

DeLay

Dickey

Doolittle

Dornan

Dreier

Duncan

Dunn

Ehlers

Ehrlich

Emerson

English

Ensign

Everett

Ewing

Fawell

Fields (TX)

Flanagan

Foley

Fowler

Fox

Franks (CT)

Franks (NJ)

Frelinghuysen

Frisa

Funderburk

Gallegly

Ganske

Gekas

Geren

Gilchrest

Gillmor

Gilman

Goodlatte

Goodling

Goss

Graham

Greenwood

Gunderson

Gutknecht

Hall (TX)

Hancock

Hansen

Hastert

Hastings (WA)

Hayes

Hayworth

Hefley

Heineman

Hilleary

Hobson

Hoekstra

Hoke

Horn

Hostettler

Houghton

Hunter

Hutchinson

Hyde

Inglis

Istook

Johnson (CT)

Johnson, Sam

Jones

Kasich

Kelly

Kim

King

Klug

Knollenberg

Kolbe

LaHood

Largent

Latham

LaTourette

Laughlin

Lazio

Leach

Lewis (CA)

Lewis (KY)

Lightfoot

Linder

Livingston

LoBiondo

Longley

Lucas

Manzullo

Martini

McCollum

McCrery

McDade

McHugh

McInnis

McIntosh

McKeon

Metcalf

Meyers

Mica

Miller (FL)

Mink

Molinari

Moorhead

Moran

Morella

Myers

Myrick

Nethercutt

Neumann

Ney

Norwood

Nussle

Oxley

Packard

Paxon

Petri

Pombo

Porter

Portman

Pryce

Quillen

Quinn

Radanovich

Rahall

Ramstad

Regula

Riggs

Roberts

Rogers

Rohrabacher

Roth

Roukema

Royce

Salmon

Sanford

Saxton

Scarborough

Schaefer

Schiff

Seastrand

Sensenbrenner

Shadegg

Shaw

Shays

Shuster

Skeen

Smith (MI)

Smith (NJ)

Smith (TX)

Smith (WA)

Solomon

Souder

Spence

Spratt

Stearns

Stenholm

Stockman

Stump

Talent

Tate

Tauzin

Taylor (MS)

Taylor (NC)

Thomas

Thornberry

Tiahrt

Torkildsen

Traficant

Upton

Velazquez

Vucanovich

Walker

Walsh

Wamp

Watts (OK)

Weldon (FL)

Weller

White

Whitfield

Wicker

Wolf

Young (AK)

Young (FL)

Zeliff

Zimmer

NOT VOTING—24

Abercrombie

Ackerman

Bateman

Boehner

Bunn

Clinger

Durbin

Fattah

Herger

Hilliard

Jefferson

Lantos

Menendez

Moakley

Mollohan

Parker

Pelosi

Reynolds

Sisisky

Torricelli

Tucker

Waldholtz

Weldon (PA)

Williams

So the amendment in the nature of a

substitute was not agreed to.

The SPEAKER pro tempore, Mr.

DICKEY, assumed the Chair.

When Mr. EMERSON, Chairman, pursuant to House Resolution 215, reported

the bill back to the House with an

amendment adopted by the Committee.

The previous question having been

ordered by said resolution.

Strike out all after the enacting clause and

insert:

SECTION 1. SENSE OF THE CONGRESS.

It is the sense of the Congress that it is inappropriate for the Department of Labor, as

the principal enforcer of fiduciary standards

in connection with employee pension benefit

plans and employee welfare benefit plans (as

defined in paragraphs (1) and (2) of section 3

of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1002(1), (2))), to

take any action to promote or otherwise encourage economically targeted investments.

SEC. 2. PROHIBITIONS ON DEPARTMENT OF

LABOR REGARDING ECONOMICALLY

TARGETED INVESTMENTS.

(a) IN GENERAL.—Interpretive Bulletin 94–1,

issued by the Secretary of Labor on June 23,

1994 (59 Fed. Reg. 32606; 29 C.F.R. 2509.94–1), is

null and void and shall have no force or effect. The provisions of the Employee Retirement Income Security Act of 1974 (29 U.S.C.

1001 et seq.) shall be interpreted and enforced

without regard to such Interpretive Bulletin.

(b) RESTRICTIONS ON DEPARTMENT OF LABOR

REGULATIONS.—The Secretary of Labor may

not issue any rule, regulation, or interpretive bulletin which promotes or otherwise

encourages economically targeted investments as a specified class of investments.

(c) RESTRICTIONS ON ACTIVITIES OF THE DEPARTMENT OF LABOR.—No officer or employee

of the Department of Labor may travel, lecture, or otherwise expend resources available

to such Department for the purpose of promoting, directly or indirectly, economically

targeted investments.

(d) ECONOMICALLY TARGETED INVESTMENT

DEFINED.—For purposes of this section, the

term ‘‘economically targeted investment’’

has the meaning given such term in Interpretive Bulletin 94–1, as issued by the Secretary

of Labor on June 23, 1994 (59 Fed. Reg. 32606;

29 C.F.R. 2509.94–1).

SEC. 3. PROHIBITION ON FEDERAL AGENCIES

AGAINST ESTABLISHING OR MAINTAINING ANY CLEARINGHOUSE OR

OTHER DATABASE RELATING TO

ECONOMICALLY TARGETED INVESTMENTS.

(a) IN GENERAL.—Part 5 of subtitle B of

title I of the Employee Retirement Income

Security Act of 1974 (29 U.S.C. 1131 et seq.) is

amended by adding at the end the following

new section:

‘‘PROHIBITION ON FEDERAL AGENCIES AGAINST

ESTABLISHING OR MAINTAINING ANY CLEARINGHOUSE OR OTHER DATABASE RELATING TO

ECONOMICALLY TARGETED INVESTMENTS

‘‘SEC. 516. (a) IN GENERAL.—No agency or

instrumentality of the Federal Government

may establish or maintain, or contract with

(or otherwise provide assistance to) any

other party to establish or maintain, any

clearinghouse, database, or other listing—

‘‘(1) for the purpose of making available to

employee benefit plans information on economically targeted investments,

‘‘(2) for the purpose of encouraging, or providing assistance to, employee benefit plans

or any other party related to an employee

benefit plan to undertake or evaluate economically targeted investments, or

‘‘(3) for the purpose of identifying economically targeted investments with respect to

which such agency or instrumentality will

withhold from undertaking enforcement actions relating to employee benefit plans

under any otherwise applicable authority of

such agency or instrumentality.

‘‘(b) ECONOMICALLY TARGETED INVESTMENT

DEFINED.—For purposes of this section, the

term ‘economically targeted investment’ has

the meaning given such term in Interpretive

Bulletin 94–1, as issued by the Secretary on

June 23, 1994 (59 Fed. Reg. 32606; 29 C.F.R.

2509.94–1).’’.

(b) CLERICAL AMENDMENT.—The table of

contents in section 1 of such Act is amended

by inserting at the end of the items relating

to part 5 of subtitle B of title I the following

new item:

‘‘Sec. 516. Prohibition on Federal agencies

against establishing or maintaining any clearinghouse or

other database relating to economically targeted investments.’’.

SEC. 4. TERMINATION OF CONTRACTS.

The head of each agency and instrumentality of the Government of the United

States shall immediately take such actions

as are necessary and appropriate to terminate any contract or other arrangement entered into by such agency or instrumentality

which is in violation of the requirements of

the provisions of this Act or the amendments

made thereby.

SEC. 5. AUTHORITY OF DEPARTMENT OF LABOR.

Nothing in this Act is intended to affect

the ability of the Department of Labor to

issue advisory opinions, information letters,

technical releases, prohibited transactions,

exemptions, or other pronouncements inter-
HOUSE OF REPRESENTATIVES

1327

1995 T113.26

preting and applying ERISA’s fiduciary responsibility rules to particular factual situations, or exempting specific transactions

from the prohibited transaction provisions of

the Employee Retirement Income Security

Act of 1974 (pursuant to 29 U.S.C. 1106, 1108).

SEC. 6. EFFECTIVE DATE.

The preceding provisions of this Act (and

the amendments made thereby) shall take

effect on the date of the enactment of this

Act.

The bill, as amended, was ordered to

be engrossed and read a third time, was

read a third time by title.

The question being put, viva voce,

Will the House pass said bill?

The SPEAKER pro tempore, Mr.

DICKEY, announced that the yeas had

it.

Mr. FAWELL demanded a recorded

vote on passage of said bill, which demand was supported by one-fifth of a

quorum, so a recorded vote was ordered.

The vote was taken by electronic device.

It was decided in the Yeas ....... 239 ! affirmative ................... Nays ...... 179

T113.24 [Roll No. 652]

AYES—239

Allard

Archer

Armey

Bachus

Baker (CA)

Baker (LA)

Ballenger

Barr

Barrett (NE)

Bartlett

Barton

Bass

Bateman

Bereuter

Bilbray

Bilirakis

Bliley

Blute

Boehlert

Boehner

Bonilla

Bono

Brownback

Bryant (TN)

Bunn

Bunning

Burr

Burton

Buyer

Callahan

Calvert

Camp

Canady

Castle

Chabot

Chambliss

Chenoweth

Christensen

Chrysler

Clinger

Coble

Coburn

Collins (GA)

Combest

Cooley

Cox

Crane

Crapo

Cremeans

Cubin

Cunningham

Davis

Deal

DeLay

Dickey

Doolittle

Dornan

Dreier

Duncan

Dunn

Ehlers

Ehrlich

Emerson

English

Ensign

Everett

Ewing

Fawell

Fields (TX)

Flanagan

Foley

Fowler

Fox

Franks (CT)

Franks (NJ)

Frelinghuysen

Frisa

Funderburk

Gallegly

Ganske

Gekas

Geren

Gilchrest

Gillmor

Gilman

Goodlatte

Goodling

Goss

Graham

Greenwood

Gunderson

Gutknecht

Hall (TX)

Hancock

Hansen

Hastert

Hastings (WA)

Hayes

Hayworth

Hefley

Heineman

Herger

Hilleary

Hobson

Hoekstra

Hoke

Horn

Hostettler

Houghton

Hunter

Hutchinson

Hyde

Inglis

Istook

Johnson (CT)

Johnson (SD)

Johnson, Sam

Jones

Kasich

Kelly

Kim

King

Kingston

Klug

Knollenberg

Kolbe

LaHood

Largent

Latham

LaTourette

Laughlin

Lazio

Leach

Lewis (CA)

Lewis (KY)

Lightfoot

Linder

Livingston

LoBiondo

Longley

Lucas

Manzullo

Martini

McCollum

McCrery

McHugh

McInnis

McIntosh

McKeon

Metcalf

Meyers

Mica

Miller (FL)

Molinari

Montgomery

Moorhead

Morella

Myers

Myrick

Nethercutt

Neumann

Ney

Norwood

Nussle

Oxley

Packard

Paxon

Petri

Pickett

Pombo

Porter

Portman

Pryce

Quillen

Quinn

Radanovich

Ramstad

Reed

Regula

Riggs

Roberts

Rogers

Rohrabacher

Roth

Roukema

Royce

Salmon

Sanford

Saxton

Scarborough

Schaefer

Schiff

Seastrand

Sensenbrenner

Shadegg

Shaw

Shays

Shuster

Skeen

Skelton

Smith (MI)

Smith (NJ)

Smith (TX)

Smith (WA)

Solomon

Souder

Spence

Stearns

Stenholm

Stockman

Stump

Talent

Tanner

Tate

Tauzin

Taylor (MS)

Taylor (NC)

Thomas

Thornberry

Tiahrt

Torkildsen

Traficant

Upton

Vucanovich

Walker

Walsh

Wamp

Watts (OK)

Weldon (FL)

Weldon (PA)

Weller

White

Whitfield

Wicker

Wolf

Young (AK)

Young (FL)

Zeliff

Zimmer

NOES—179

Abercrombie

Andrews

Baesler

Baldacci

Barcia

Barrett (WI)

Becerra

Beilenson

Bentsen

Berman

Bevill

Bishop

Bonior

Borski

Boucher

Brewster

Browder

Brown (CA)

Brown (FL)

Brown (OH)

Bryant (TX)

Cardin

Chapman

Clay

Clayton

Clement

Clyburn

Coleman

Collins (IL)

Collins (MI)

Condit

Conyers

Costello

Coyne

Cramer

Danner

de la Garza

DeFazio

DeLauro

Dellums

Deutsch

Diaz-Balart

Dicks

Dingell

Dixon

Doggett

Dooley

Doyle

Edwards

Engel

Eshoo

Evans

Farr

Fazio

Fields (LA)

Filner

Flake

Foglietta

Forbes

Ford

Frank (MA)

Frost

Furse

Gejdenson

Gephardt

Gibbons

Gonzalez

Gordon

Green

Gutierrez

Hall (OH)

Hamilton

Harman

Hastings (FL)

Hefner

Hilliard

Hinchey

Holden

Hoyer

Jackson-Lee

Jacobs

Johnson, E. B.

Johnston

Kanjorski

Kaptur

Kennedy (MA)

Kennedy (RI)

Kennelly

Kildee

Kleczka

Klink

LaFalce

Levin

Lewis (GA)

Lincoln

Lipinski

Lofgren

Lowey

Luther

Maloney

Manton

Markey

Martinez

Mascara

Matsui

McCarthy

McDade

McDermott

McHale

McKinney

McNulty

Meehan

Meek

Mfume

Miller (CA)

Mineta

Minge

Mink

Moran

Murtha

Neal

Oberstar

Obey

Olver

Ortiz

Orton

Owens

Pallone

Pastor

Payne (NJ)

Payne (VA)

Pelosi

Peterson (FL)

Peterson (MN)

Pomeroy

Poshard

Rahall

Rangel

Richardson

Rivers

Roemer

Ros-Lehtinen

Rose

Roybal-Allard

Rush

Sabo

Sanders

Sawyer

Schroeder

Schumer

Scott

Serrano

Skaggs

Slaughter

Spratt

Stark

Stokes

Studds

Stupak

Tejeda

Thompson

Thornton

Thurman

Torres

Towns

Velazquez

Vento

Visclosky

Volkmer

Ward

Waters

Watt (NC)

Waxman

Wilson

Wise

Woolsey

Wyden

Wynn

Yates

NOT VOTING—16

Ackerman

Durbin

Fattah

Jefferson

Lantos

Menendez

Moakley

Mollohan

Nadler

Parker

Reynolds

Sisisky

Torricelli

Tucker

Waldholtz

Williams

So the bill was passed.

A motion to reconsider the vote

whereby said bill was passed was, by

unanimous consent, laid on the table.

Ordered, That the Clerk request the

concurrence of the Senate in said bill.

T113.25 H.R. 2150—UNFINISHED BUSINESS

The SPEAKER pro tempore, Mr.

DICKEY, pursuant to clause 5, rule I,

announced the unfinished business to

be the motion to suspend the rules and

pass the bill (H.R. 2150) to amend the

Small Business Act and the Small

Business Investment Act of 1958 to reduce the cost to the Federal Government of guaranteeing certain loans and

debentures, and for other purposes; as

amended.

The question being put, viva voce,

Will the House suspend the rules and

pass said bill, as amended?

The SPEAKER pro tempore, Mr.

DICKEY, announced that two-thirds of

those present had voted in the affirmative.

Mr. POSHARD demanded a recorded

vote on the motion to suspend the

rules and pass said bill, as amended,

which demand was supported by onefifth of a quorum, so a recorded vote

was ordered.

The vote was taken by electronic device.

It was decided in the Yeas ....... 405 ! affirmative ................... Nays ...... 0

T113.26 [Roll No. 653]

YEAS—405

Abercrombie

Allard

Andrews

Archer

Armey

Bachus

Baker (CA)

Baker (LA)

Baldacci

Ballenger

Barcia

Barr

Barrett (NE)

Barrett (WI)

Bartlett

Barton

Bass

Bateman

Becerra

Beilenson

Bentsen

Bereuter

Berman

Bevill

Bilbray

Bilirakis

Bishop

Bliley

Blute

Boehlert

Boehner

Bonilla

Bonior

Bono

Borski

Boucher

Brewster

Browder

Brown (CA)

Brown (FL)

Brown (OH)

Brownback

Bryant (TN)

Bryant (TX)

Bunn

Bunning

Burr

Burton

Buyer

Callahan

Calvert

Camp

Canady

Cardin

Castle

Chabot

Chambliss

Chapman

Chenoweth

Christensen

Chrysler

Clay

Clayton

Clement

Clinger

Clyburn

Coble

Coburn

Coleman

Collins (IL)

Collins (MI)

Combest

Condit

Conyers

Cooley

Costello

Cox

Coyne

Cramer

Crane

Crapo

Cremeans

Cubin

Cunningham

Danner

Davis

de la Garza

Deal

DeFazio

DeLauro

DeLay

Dellums

Deutsch

Diaz-Balart

Dickey

Dicks

Dingell

Dixon

Doggett

Dooley

Doolittle

Dornan

Doyle

Dreier

Duncan

Dunn

Ehlers

Ehrlich

Emerson

Engel

English

Ensign

Eshoo

Evans

Everett

Ewing

Farr

Fawell

Fazio

Fields (LA)

Fields (TX)

Filner

Flake

Flanagan

Foglietta

Foley

Forbes

Ford

Fowler

Fox

Frank (MA)

Franks (CT)

Franks (NJ)

Frelinghuysen

Frisa

Frost

Funderburk

Gallegly

Ganske

Gejdenson

Gekas

Gephardt

Geren

Gibbons

Gilchrest

Gillmor

Gilman

Gonzalez

Goodlatte

Goodling

Gordon

Goss

Graham

Green

Greenwood

Gunderson

Gutierrez

Gutknecht

Hall (OH)

Hall (TX)

Hamilton

Hancock

Hansen

Harman

Hastert

Hastings (FL)

Hastings (WA)

Hayes

Hayworth

Hefley

Hefner

Heineman

Herger

Hilleary

Hilliard

Hinchey

Hobson