IV

House Calendar No. 187

105TH CONGRESS

2D SESSION H. RES. 428

[Report No. 105–531]

Providing for consideration of the bill (H.R. 10) to enhance competition

in the financial services industry by providing a prudential framework

for the affiliation of banks, securities firms, and other financial service

providers, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

MAY 12, 1998

Mr. SOLOMON, from the Committee on Rules, reported the following resolution; which was referred to the House Calendar and ordered to be printed

RESOLUTION

Providing for consideration of the bill (H.R. 10) to enhance

competition in the financial services industry by providing a prudential framework for the affiliation of banks,

securities firms, and other financial service providers,

and for other purposes.

1 Resolved, That at any time after the adoption of this

2 resolution the Speaker may, pursuant to clause 1(b) of

3 rule XXIII, declare the House resolved into the Committee

4 of the Whole House on the state of the Union for consider5 ation of the bill (H.R. 10) to enhance competition in the
2

HRES 428 RH

1 financial services industry by providing a prudential

2 framework for the affiliation of banks, securities firms,

3 and other financial service providers, and for other pur4 poses. The first reading of the bill shall be dispensed with.

5 All points of order against consideration of the bill are

6 waived. General debate shall be confined to the bill and

7 shall not exceed one hour, with thirty minutes equally di8 vided and controlled by the chairman and ranking minor9 ity member of the Committee on Banking and Financial

10 Services and thirty minutes equally divided and controlled

11 by the chairman and ranking minority member of the

12 Committee on Commerce. It shall be in order to consider

13 as an original bill for the purpose of amendment under

14 the five-minute rule the amendment in the nature of a sub15 stitute printed in part 1 of the report of the Committee

16 on Rules accompanying this resolution. That amendment

17 in the nature of a substitute shall be considered as read.

18 All points of order against that amendment in the nature

19 of a substitute are waived. No amendment to that amend20 ment in the nature of a substitute shall be in order except

21 those printed in part 2 of the report of the Committee

22 on Rules. Each amendment may be offered only in the

23 order printed in the report, may be offered only by a Mem24 ber designated in the report, shall be considered as read,

25 shall be debatable for the time specified in the report
3

HRES 428 RH

1 equally divided and controlled by the proponent and an

2 opponent, shall not be subject to amendment except as

3 specified in the report, and shall not be subject to a de4 mand for division of the question in the House or in the

5 Committee of the Whole. All points of order against the

6 amendments printed in the report are waived. The Chair7 man of the Committee of the Whole may: (1) postpone

8 until a time during further consideration in the Committee

9 of the Whole a request for a recorded vote on any amend10 ment; and (2) reduce to five minutes the minimum time

11 for electronic voting on any postponed question that fol12 lows another electronic vote without intervening business,

13 provided that the minimum time for electronic voting on

14 the first in any series of questions shall be 15 minutes.

15 At the conclusion of consideration of the bill for amend16 ment the Committee shall rise and report the bill to the

17 House with such amendments as may have been adopted.

18 Any Member may demand a separate vote in the House

19 on any amendment adopted in the Committee of the Whole

20 to the bill or to the amendment in the nature of a sub21 stitute made in order as original text. The previous ques22 tion shall be considered as ordered on the bill and amend23 ments thereto to final passage without intervening motion

24 except one motion to recommit with or without instruc25 tions.
House Calendar No. 187

105TH CONGRESS

2D SESSION H. RES. 428

[Report No. 105–531]

RESOLUTION

Providing for consideration of the bill (H.R. 10) to

purposes.other financial service providers, and for otherthe affiliation of banks, securities firms, anddustry by providing a prudential framework forenhance competition in the financial services inMAY 12, 1998

Referred to the House Calendar and ordered to be

printed