IV
House Calendar No. 165
105TH CONGRESS
2D SESSION
H. RES. 403
[Report No. 105–474]
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
MARCH 31 (legislative day, MARCH 30), 1998
Mr. SOLOMON, from the Committee on Rules, reported the following resolu-
tion; 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 provid-
ing a prudential framework for the affiliation of banks,
securities firms, and other financial service providers,
and for other purposes.
Resolved, That at any time after the adoption of this
resolution the Speaker may, pursuant to clause 1(b) of
rule XXIII, declare the House resolved into the Committee
of the Whole House on the state of the Union for consider-
ation of the bill (H.R. 10) to enhance competition in the
HRES 403 RH
financial services industry by providing a prudential
framework for the affiliation of banks, securities firms,
and other financial service providers, and for other pur-
poses. The first reading of the bill shall be dispensed with.
All points of order against consideration of the bill are
waived. General debate shall be confined to the bill and
the amendments made in order by this resolution and shall
not exceed two hours, with one hour equally divided and
controlled by the chairman and ranking minority member
of the Committee on Banking and Financial Services and
one hour equally divided and controlled by the chairman
and ranking minority member of the Committee on Com-
merce. It shall be in order to consider as an original bill
for the purpose of amendment under the five-minute rule
the amendment in the nature of a substitute printed in
part 1 of the report of the Committee on Rules accom-
panying this resolution. That amendment in the nature
of a substitute shall be considered as read. All points of
order against that amendment in the nature of a sub-
stitute are waived. No amendment to that amendment in
the nature of a substitute shall be in order except those
printed in part 2 of the report of the Committee on Rules.
Each amendment may be offered only in the order printed
in the report, may be offered only by a Member designated
in the report, shall be considered as read, shall be debat-
HRES 403 RH
able for the time specified in the report equally divided
and controlled by the proponent and an opponent, shall
not be subject to amendment except as specified in the
report, and shall not be subject to a demand for division
of the question in the House or in the Committee of the
Whole. All points of order against the amendments printed
in the report are waived. The chairman of the Committee
of the Whole may: (1) postpone until a time during further
consideration in the Committee of the Whole a request for
a recorded vote on any amendment; and (2) reduce to five
minutes the minimum time for electronic voting on any
postponed question that follows another electronic vote
without intervening business, provided that the minimum
time for electronic voting on the first in any series of ques-
tions shall be 15 minutes. At the conclusion of consider-
ation of the bill for amendment the Committee shall rise
and report the bill to the House with such amendments
as may have been adopted. Any Member may demand a
separate vote in the House on any amendment adopted
in the Committee of the Whole to the bill or to the amend-
ment in the nature of a substitute made in order as origi-
nal text. The previous question shall be considered as or-
dered on the bill and amendments thereto to final passage
without intervening motion except one motion to recommit
with or without instructions.