datamatters24/research-document-archive huggingface dataset:
IV 
House Calendar No. 181 
111TH CONGRESS 
2D SESSION 
H. RES. 1212 
[Report No. 111–456] 
Providing for consideration of the Senate amendments to the bill (H.R. 
1586) to impose an additional tax on bonuses received from certain 
TARP recipients, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 24, 2010 
Ms. SLAUGHTER, 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 Senate amendments to 
the bill (H.R. 1586) to impose an additional tax on 
bonuses received from certain TARP recipients, and for 
other purposes. 
Resolved, That upon adoption of this resolution it 
shall be in order to take from the Speaker’s table the bill 
(H.R. 1586) to impose an additional tax on bonuses re-
ceived from certain TARP recipients, with the Senate 
amendments thereto, and to consider in the House, with-
out intervention of any point of order except those arising 
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•HR 3221 EAH2 
the enterprises to ensure that the enterprises operate 
in a safe and sound manner, maintaining sufficient 
capital and reserves to support the risks that arise in 
the operations and management of the enterprises. 
‘‘(2) FEDERAL HOME LOAN BANKS.—The Direc-
tor shall establish risk-based capital standards under 
section 6 of the Federal Home Loan Bank Act for the 
Federal Home Loan Banks. 
‘‘(b) NO LIMITATION.—Nothing in this section shall 
limit the authority of the Director to require other reports 
or undertakings, or take other action, in furtherance of the 
responsibilities of the Director under this Act.’’. 
(b) FEDERAL HOME LOAN BANKS RISK-BASED CAP-
ITAL.—Section 6(a)(3) of the Federal Home Loan Bank Act 
(12 U.S.C. 1426(a)(3)) is amended— 
(1) by striking subparagraph (A) and inserting 
the following: 
‘‘(A) RISK-BASED
CAPITAL
STANDARDS.— 
The Director shall, by regulation, establish risk- 
based capital standards for the Federal Home 
Loan Banks to ensure that the Federal Home 
Loan Banks operate in a safe and sound man-
ner, with sufficient permanent capital and re-
serves to support the risks that arise in the oper-
490 
should seek to ensure testimony from individuals 
with a diversity of experiences, including those who 
work on water issues at all levels of government and 
in the private sector. 
(g) INFORMATION AND SUPPORT FROM FEDERAL 
AGENCIES.—Upon request of the Commission, the head 
of a Federal department or agency shall— 
(1) provide to the Commission, within 30 days 
of the request, such information as the Commission 
considers necessary to carry out this section; and 
(2) detail to temporary duty with the Commis-
sion on a reimbursable basis such personnel as the 
Commission considers necessary to carry out this 
section. 
(h) INTERIM REPORTS.—Not later than one year 
after the date of the first meeting of the Commission, and 
every year thereafter, the Commission shall submit an in-
terim report containing a detailed summary of its 
progress, including meetings held and hearings conducted 
before the date of the report, to— 
(1) the President; and 
(2) Congress. 
(i) FINAL REPORT.—As soon as practicable, but not 
later than 5 years after the date of the first meeting of 
the Commission, the Commission shall submit a final re-
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•HR 3221 EAH2 
ations and management of the Federal Home 
Loans Banks.’’; and 
(2) in subparagraph (B), by striking ‘‘(A)(ii)’’ 
and inserting ‘‘(A)’’. 
SEC. 1111. MINIMUM CAPITAL LEVELS. 
Section 1362 of the Federal Housing Enterprises Fi-
nancial Safety and Soundness Act of 1992 (12 U.S.C. 4612) 
is amended— 
(1) in subsection (a), by striking ‘‘IN GENERAL’’ 
and inserting ‘‘ENTERPRISES’’; and 
(2) by striking subsection (b) and inserting the 
following: 
‘‘(b) FEDERAL HOME LOAN BANKS.—For purposes of 
this subtitle, the minimum capital level for each Federal 
Home Loan Bank shall be the minimum capital required 
to be maintained to comply with the leverage requirement 
for the bank established under section 6(a)(2) of the Federal 
Home Loan Bank Act (12 U.S.C. 1426(a)(2)). 
‘‘(c) ESTABLISHMENT OF REVISED MINIMUM CAPITAL 
LEVELS.—Notwithstanding subsections (a) and (b) and 
notwithstanding the capital classifications of the regulated 
entities, the Director may, by regulations issued under sec-
tion 1319G, establish a minimum capital level for the enter-
prises, for the Federal Home Loan Banks, or for both the 
enterprises and the banks, that is higher than the level speci-
•HR 3221 EAH2 
fied in subsection (a) for the enterprises or the level specified 
in subsection (b) for the Federal Home Loan Banks, to the 
extent needed to ensure that the regulated entities operate 
in a safe and sound manner. 
‘‘(d) AUTHORITY
TO
REQUIRE
TEMPORARY
IN-
CREASE.— 
‘‘(1) IN GENERAL.—Notwithstanding subsections 
(a) and (b) and any minimum capital level estab-
lished pursuant to subsection (c), the Director may, 
by order, increase the minimum capital level for a 
regulated entity on a temporary basis, when the Di-
rector determines that such an increase is necessary 
and consistent with the prudential regulation and the 
safe and sound operations of a regulated entity. 
‘‘(2) RESCISSION.—The Director shall rescind 
any temporary minimum capital level established 
under paragraph (1) when the Director determines 
that the circumstances or facts no longer justify the 
temporary minimum capital level. 
‘‘(3) REGULATIONS
REQUIRED.—The Director 
shall issue regulations establishing— 
‘‘(A) standards for the imposition of a tem-
porary increase in minimum capital under 
paragraph (1);
•HR 3221 EAH2 
shall have the power to approve, disapprove, or mod-
ify the executive compensation of the Corporation, as 
defined under Regulation S-K, 17 C.F.R. 229.’’. 
(c) FEDERAL HOME LOAN BANKS.—Section 11 of the 
Federal Home Loan Bank Act (12 U.S.C. 1431) is amended 
by adding at the end the following new subsection: 
‘‘(l) TEMPORARY AUTHORITY OF TREASURY TO PUR-
CHASE OBLIGATIONS; CONDITIONS.— 
‘‘(1) AUTHORITY TO PURCHASE.— 
‘‘(A) GENERAL AUTHORITY.—In addition to 
the authority under subsection (i) of this section, 
the Secretary of the Treasury is authorized to 
purchase any obligations issued by any Federal 
Home Loan Bank under any section of this Act, 
on such terms and conditions as the Secretary 
may determine and in such amounts as the Sec-
retary may determine. Nothing in this subsection 
requires a Federal Home Loan Bank to issue ob-
ligations or securities to the Secretary without 
mutual agreement between the Secretary and the 
Federal Home Loan Bank. Nothing in this sub-
section permits or authorizes the Secretary, with-
out the agreement of the Federal Home Loan 
Bank, to engage in open market purchases of the
•HR 3221 EAH2 
common securities of any Federal Home Loan 
Bank. 
‘‘(B) 
EMERGENCY
DETERMINATION
RE-
QUIRED.—In connection with any use of this au-
thority, the Secretary must determine that such 
actions are necessary to— 
‘‘(i) provide stability to the financial 
markets; 
‘‘(ii) prevent disruptions in the avail-
ability of mortgage finance; and 
‘‘(iii) protect the taxpayer. 
‘‘(C) CONSIDERATIONS.—To protect the tax-
payers, the Secretary of the Treasury shall take 
into consideration the following in connection 
with exercising the authority contained in this 
paragraph: 
‘‘(i) The need for preferences or prior-
ities regarding payments to the Govern-
ment. 
‘‘(ii) Limits on maturity or disposi-
tion of obligations or securities to be pur-
chased. 
‘‘(iii) The Federal Home Loan Bank’s 
plan for the orderly resumption of private 
market funding or capital market access.
Route 5, Fuhrmann Boulevard, and a bridge con-
necting the Outer Harbor to downtown Buffalo at 
the Inner Harbor’’; 
(56) in item number 3219 by striking ‘‘Forest’’ 
and inserting ‘‘Warren’’; 
(57) in item number 3254 by striking the 
project description and inserting ‘‘Reconstruct PA 
Route 274/34 Corridor, Perry County’’; 
(58) in item number 3260 by striking ‘‘Lake 
Shore Drive’’ and inserting ‘‘Lakeshore Drive and 
parking facility/entrance improvements serving the 
Museum of Science and Industry’’; 
(59) in item number 3368 by striking the 
project description and inserting ‘‘Plan, design, and 
engineering, Ludlam Trail, Miami’’; 
(60) in item number 3410 by striking the 
project description and inserting ‘‘Design, purchase 
land, and construct sound walls along the west side 
of I–65 from approximately 950 feet south of the 
Harding Place interchange south to Hogan Road’’; 
(61) in item number 3537 by inserting ‘‘and 
the study of alternatives along the North South Cor-
ridor,’’ after ‘‘Valley’’; 
(62) in item number 3582 by striking the 
project description and inserting ‘‘Improving Outer 
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‘‘(iv) The probability of the Federal 
Home Loan Bank fulfilling the terms of any 
such obligation or other security, including 
repayment. 
‘‘(v) The need to maintain the Federal 
Home Loan Bank’s status as a private 
shareholder-owned company. 
‘‘(vi) Restrictions on the use of Federal 
Home Loan Bank resources, including limi-
tations on the payment of dividends and ex-
ecutive compensation and any such other 
terms and conditions as appropriate for 
those purposes. 
‘‘(D) REPORTS TO CONGRESS.—Upon exer-
cise of this authority, the Secretary shall report 
to the Committees on the Budget, Financial 
Services, and Ways and Means of the House of 
Representatives and the Committees on the 
Budget, Finance, and Banking, Housing, and 
Urban Affairs of the Senate as to the necessity 
for the purchase and the determinations made by 
the Secretary under subparagraph (B) and with 
respect to the considerations required under sub-
paragraph (C), and the size, terms, and prob-
•HR 3221 EAH2 
product, as required under paragraph (1), the Direc-
tor shall publish notice of such request and of the pe-
riod for public comment pursuant to paragraph (3) 
regarding the product, and a description of the prod-
uct proposed by the request. The Director shall give 
interested parties the opportunity to respond in writ-
ing to the proposed product. 
‘‘(3) PUBLIC COMMENT PERIOD.—During the 30- 
day period beginning on the date of publication pur-
suant to paragraph (2) of a request for approval of 
a product, the Director shall receive public comments 
regarding the proposed product. 
‘‘(4) OFFERING OF PRODUCT.— 
‘‘(A) IN GENERAL.—Not later than 30 days 
after the close of the public comment period de-
scribed in paragraph (3), the Director shall ap-
prove or deny the product, specifying the 
grounds for such decision in writing. 
‘‘(B) FAILURE
TO
ACT.—If the Director 
fails to act within the 30-day period described in 
subparagraph (A), then the enterprise may offer 
the product. 
‘‘(C) TEMPORARY APPROVAL.—The Director 
may, subject to the rules of the Director, provide 
for temporary approval of the offering of a prod-
H. Res. 1216 
In the House of Representatives, U. S., 
April 21, 2010. 
Whereas Reverend Daniel P. Coughlin has served honorably 
and faithfully as Chaplain of the House of Representa-
tives since being sworn in as the 59th Chaplain on March 
23, 2000; 
Whereas Reverend Coughlin was born on November 8, 1934, 
in Chicago, Illinois; 
Whereas Reverend Coughlin graduated from St. Mary of the 
Lake University in Mundelein, Illinois, becoming a 
Licentiate of Sacred Theology in 1960, and from Loyola 
University in Chicago, Illinois, with a degree in Pastoral 
Studies in 1968; 
Whereas Reverend Coughlin was ordained for the Archdiocese 
of Chicago on May 3, 1960; 
Whereas Reverend Coughlin was appointed the first Director 
of the Office for Divine Worship for the Archdiocese of 
Chicago; 
Whereas Reverend Coughlin spent a year-long sabbatical in 
residence with the Trappist monks of the Abbey of 
Gethsemani in Kentucky, and served the poor through 
the Missionaries of Charity in Calcutta, India, in 1984; 
Whereas Reverend Coughlin served as scholar-in-residence at 
North American College in Vatican City;
Service Craft, $32,903,000; and 
For outfitting, post delivery, conversions, and 
first destination transportation, $405,011,000. 
In all: $15,303,820,000, to remain available for obli-
gation until September 30, 2012: Provided, That addi-
tional obligations may be incurred after September 30, 
2012, for engineering services, tests, evaluations, and 
other such budgeted work that must be performed in the 
final stage of ship construction: Provided further, That 
none of the funds provided under this heading for the con-
struction or conversion of any naval vessel to be con-
structed in shipyards in the United States shall be ex-
pended in foreign facilities for the construction of major 
components of such vessel: Provided further, That none of 
the funds provided under this heading shall be used for 
the construction of any naval vessel in foreign shipyards. 
OTHER PROCUREMENT, NAVY 
For procurement, production, and modernization of 
support equipment and materials not otherwise provided 
for, Navy ordnance (except ordnance for new aircraft, new 
ships, and ships authorized for conversion); expansion of 
public and private plants, including the land necessary 
therefor, and such lands and interests therein, may be ac-
quired, and construction prosecuted thereon prior to ap-
proval of title; and procurement and installation of equip-
417 
•HR 3221 EAH2 
clerical tasks on behalf of a person who is 
described in any such clause; 
(iii) does not include a person or enti-
ty that only performs real estate brokerage 
activities and is licensed or registered in ac-
cordance with applicable State law, unless 
the person or entity is compensated by a 
lender, a mortgage broker, or other loan 
originator or by any agent of such lender, 
mortgage broker, or other loan originator; 
and 
(iv) does not include a person or entity 
solely involved in extensions of credit relat-
ing to timeshare plans, as that term is de-
fined in section 101(53D) of title 11, United 
States Code. 
(B) OTHER
DEFINITIONS
RELATING
TO 
LOAN ORIGINATOR.—For purposes of this sub-
section, an individual ‘‘assists a consumer in ob-
taining or applying to obtain a residential mort-
gage loan’’ by, among other things, advising on 
loan terms (including rates, fees, other costs), 
preparing loan packages, or collecting informa-
tion on behalf of the consumer with regard to a 
residential mortgage loan.
418 
•HR 3221 EAH2 
(C) 
ADMINISTRATIVE
OR
CLERICAL 
TASKS.—The term ‘‘administrative or clerical 
tasks’’ means the receipt, collection, and distribu-
tion of information common for the processing or 
underwriting of a loan in the mortgage industry 
and communication with a consumer to obtain 
information necessary for the processing or un-
derwriting of a residential mortgage loan. 
(D) REAL
ESTATE
BROKERAGE
ACTIVITY 
DEFINED.—The term ‘‘real estate brokerage ac-
tivity’’ means any activity that involves offering 
or providing real estate brokerage services to the 
public, including— 
(i) acting as a real estate agent or real 
estate broker for a buyer, seller, lessor, or 
lessee of real property; 
(ii) bringing together parties interested 
in the sale, purchase, lease, rental, or ex-
change of real property; 
(iii) negotiating, on behalf of any 
party, any portion of a contract relating to 
the sale, purchase, lease, rental, or exchange 
of real property (other than in connection 
with providing financing with respect to 
any such transaction);
ment, appliances, and machine tools in public and private 
plants; reserve plant and Government and contractor- 
owned equipment layaway, $5,298,238,000, to remain 
available for obligation until September 30, 2010. 
PROCUREMENT, MARINE CORPS 
For expenses necessary for the procurement, manu-
facture, and modification of missiles, armament, military 
equipment, spare parts, and accessories therefor; plant 
equipment, appliances, and machine tools, and installation 
thereof in public and private plants; reserve plant and 
Government and contractor-owned equipment layaway; ve-
hicles for the Marine Corps, including the purchase of pas-
senger motor vehicles for replacement only; and expansion 
of public and private plants, including land necessary 
therefor, and such lands and interests therein, may be ac-
quired, and construction prosecuted thereon prior to ap-
proval of title, $2,500,882,000, to remain available for ob-
ligation until September 30, 2010. 
AIRCRAFT PROCUREMENT, AIR FORCE 
For construction, procurement, and modification of 
aircraft and equipment, including armor and armament, 
specialized ground handling equipment, and training de-
vices, spare parts, and accessories therefor; specialized 
equipment; expansion of public and private plants, Gov-
ernment-owned equipment and installation thereof in such
plants, erection of structures, and acquisition of land, for 
the foregoing purposes, and such lands and interests 
therein, may be acquired, and construction prosecuted 
thereon prior to approval of title; reserve plant and Gov-
ernment and contractor-owned equipment layaway; and 
other expenses necessary for the foregoing purposes in-
cluding 
rents 
and 
transportation 
of 
things, 
$11,690,220,000, to remain available for obligation until 
September 30, 2010. 
MISSILE PROCUREMENT, AIR FORCE 
For construction, procurement, and modification of 
missiles, spacecraft, rockets, and related equipment, in-
cluding spare parts and accessories therefor, ground han-
dling equipment, and training devices; expansion of public 
and private plants, Government-owned equipment and in-
stallation thereof in such plants, erection of structures, 
and acquisition of land, for the foregoing purposes, and 
such lands and interests therein, may be acquired, and 
construction prosecuted thereon prior to approval of title; 
reserve plant and Government and contractor-owned 
equipment layaway; and other expenses necessary for the 
foregoing purposes including rents and transportation of 
things, $4,920,959,000, to remain available for obligation 
until September 30, 2010.
419 
•HR 3221 EAH2 
(iv) engaging in any activity for which 
a person engaged in the activity is required 
to be registered or licensed as a real estate 
agent or real estate broker under any appli-
cable law; and 
(v) offering to engage in any activity, 
or act in any capacity, described in clause 
(i), (ii), (iii), or (iv). 
(4) LOAN PROCESSOR OR UNDERWRITER.— 
(A) IN GENERAL.—The term ‘‘loan processor 
or underwriter’’ means an individual who per-
forms clerical or support duties at the direction 
of and subject to the supervision and instruction 
of— 
(i) a State-licensed loan originator; or 
(ii) a registered loan originator. 
(B) CLERICAL OR SUPPORT DUTIES.—For 
purposes of subparagraph (A), the term ‘‘clerical 
or support duties’’ may include— 
(i) the receipt, collection, distribution, 
and analysis of information common for the 
processing or underwriting of a residential 
mortgage loan; and 
(ii) communicating with a consumer to 
obtain the information necessary for the
•HR 3221 EAH2 
uct without a public comment period, if the Di-
rector finds that the existence of exigent cir-
cumstances makes such delay contrary to the 
public interest. 
‘‘(d) CONDITIONAL APPROVAL.—If the Director ap-
proves the offering of any product by an enterprise, the Di-
rector may establish terms, conditions, or limitations with 
respect to such product with which the enterprise must com-
ply in order to offer such product. 
‘‘(e) EXCLUSIONS.— 
‘‘(1) IN
GENERAL.—The requirements of sub-
sections (a) through (d) do not apply with respect 
to— 
‘‘(A) the automated loan underwriting sys-
tem of an enterprise in existence as of the date 
of enactment of the Federal Housing Finance 
Regulatory Reform Act of 2008, including any 
upgrade to the technology, operating system, or 
software to operate the underwriting system; 
‘‘(B) any modification to the mortgage 
terms and conditions or mortgage underwriting 
criteria relating to the mortgages that are pur-
chased or guaranteed by an enterprise, provided 
that such modifications do not alter the under-
lying transaction so as to include services or fi-
vided training on domestic violence for the 
entity or for any subgrantees. 
‘‘(iv) A description of any implemen-
tation issues identified with respect to do-
mestic violence and how such issues were 
addressed. 
‘‘(F) DOMESTIC VIOLENCE DEFINED.—In 
this paragraph, the term ‘domestic violence’ has 
the meaning given that term in section 
402(a)(7)(B).’’. 
(2) 
CONFORMING
AMENDMENTS.—Section 
403(a)(2) of such Act (42 U.S.C. 603(a)(2)) is 
amended— 
(A) in subparagraph (A)(i)— 
(i) by striking ‘‘(B) and (C)’’ and in-
serting ‘‘(B), (C), (D), and (E)’’; and 
(ii) by striking ‘‘subparagraph (D)’’ 
and inserting ‘‘subparagraph (G)’’; 
(B) in subparagraphs (B)(i) and (C)(i), by 
striking ‘‘(D)’’ each place it appears and insert-
ing ‘‘(G)’’; and 
(C) in subparagraph (G) (as redesignated 
by 
paragraph 
(1)(A)), 
by 
striking 
‘‘$150,000,000 for each of fiscal years 2006 
through 2010’’ and inserting ‘‘$150,000,000 
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PROCUREMENT OF AMMUNITION, AIR FORCE 
For construction, procurement, production, and 
modification of ammunition, and accessories therefor; spe-
cialized equipment and training devices; expansion of pub-
lic and private plants, including ammunition facilities, au-
thorized by section 2854 of title 10, United States Code, 
and the land necessary therefor, for the foregoing pur-
poses, and such lands and interests therein, may be ac-
quired, and construction prosecuted thereon prior to ap-
proval of title; and procurement and installation of equip-
ment, appliances, and machine tools in public and private 
plants; reserve plant and Government and contractor- 
owned equipment layaway; and other expenses necessary 
for the foregoing purposes, $342,494,000, to remain avail-
able for obligation until September 30, 2010. 
OTHER PROCUREMENT, AIR FORCE 
For procurement and modification of equipment (in-
cluding ground guidance and electronic control equipment, 
and ground electronic and communication equipment), 
and supplies, materials, and spare parts therefor, not oth-
erwise provided for; the purchase of passenger motor vehi-
cles for replacement only; lease of passenger motor vehi-
cles; and expansion of public and private plants, Govern-
ment-owned equipment and installation thereof in such 
plants, erection of structures, and acquisition of land, for