79–008 

110TH CONGRESS REPORT " ! HOUSE OF REPRESENTATIVES 2d Session 110–922 

PROVIDING FOR CONSIDERATION OF THE BILL (H.R. 7321) TO AUTHORIZE 

FINANCIAL ASSISTANCE TO ELIGIBLE AUTOMOBILE MANUFACTURERS, 

AND FOR OTHER PURPOSES 

DECEMBER 10, 2008.—Referred to the House Calendar and ordered to be printed 

Ms. SLAUGHTER, from the Committee on Rules, 

submitted the following 

R E P O R T 

[To accompany H. Res. 1534] 

The Committee on Rules, having had under consideration House 

Resolution 1534, by a nonrecord vote, 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 H.R. 7321, the Auto 

Industry Financing and Restructuring Act, under a structured rule. 

The resolution provides for one hour of debate equally divided and 

controlled by the chairman and ranking minority member of the 

Committee on Financial Services. The resolution waives all points 

of order against the bill and against its consideration. The resolution provides that the bill shall be considered as read. The rule 

makes in order the amendment printed in this report if offered by 

Representative LaTourette. The amendment made in order shall be 

considered as read and shall be debatable for 10 minutes equally 

divided and controlled by the proponent and an opponent. All 

points of order against the amendment are waived. The resolution 

provides one motion to recommit the bill. Finally, the resolution 

permits the Chair, during consideration of the bill, to postpone further consideration to a time designated by the Speaker. 

EXPLANATION OF WAIVERS

The waiver of all points of order against the bill and against its 

consideration includes a waiver of clause 9 of rule XXI, regarding 

earmarks and a waiver of clause 10 of rule XXI, regarding paygo. 

SUMMARY OF AMENDMENT MADE IN ORDER

The amendment requires that any lending assistance provided 

under TARP or EISA to an insured depository institution shall report the amount of any increase or decrease in new lending attribVerDate Aug 31 2005 01:21 Dec 11, 2008 Jkt 079008 PO 00000 Frm 00001 Fmt 6659 Sfmt 6602 E:\HR\OC\HR922.XXX HR922

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uted to the TARP or EISA assistance. If the institution cannot provide an accurate report, the institution shall report the total 

amount of increase or decrease in overall new lending in its quarterly reports. 

TEXT OF AMENDMENT MADE IN ORDER

SEC. ll. NEW LENDING THAT IS ATTRIBUTABLE TO TARP INVESTMENTS AND ASSISTANCE. 

Section 7(a) of the Federal Deposit Insurance Act (U.S.C. 

1817(a)) is amended by adding at the end the following new paragraph: 

‘‘(12) LENDING INCREASES ATTRIBUTABLE TO INVESTMENT OR

OTHER ASSISTANCE UNDER THE TROUBLED ASSETS RELIEF PROGRAM.— 

‘‘(A) IN GENERAL.—Each report of condition filed pursuant to this subsection by an insured depository institution 

which received an investment or other assistance under 

the Troubled Assets Relief Program established by the 

Emergency Economic Stabilization Act of 2008 or section 

136(d) of the Energy Independence and Security Act of 

2007 shall report the amount of any increase in new lending in the period covered by such report (or the amount of 

any reduction in any decrease in new lending) that is attributable to such investment or assistance, to the extent 

possible. 

‘‘(B) ALTERNATIVE MEASURE.—If an insured depository 

institution that is subject to subparagraph (A) cannot accurately quantify the effect that an investment or other assistance under such Troubled Assets Relief Program has 

had on new lending by the institution, the insured depository institution shall report the total amount of the increase in new lending, if any, in the period covered by such 

report.’’. 

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