H.R. 1088 – Investor and Capital Markets Fee Relief Act

1. Modified closed rule.

2. Provides that, in lieu of the amendment recommended by the Committee on Financial Services, the amendment in the nature of a substitute printed in the Congressional Record and numbered 1 shall be considered as adopted.

3. Waives all points of order against consideration of the bill as amended.

4. Provides one hour of debate in the House equally divided and controlled by the chairman and ranking minority member of the Committee on Financial Services.

5. Provides for consideration of the amendment printed in the Congressional Record and numbered 2, if offered by Representative LaFalce or his designee, which shall be considered as read and shall be separately debatable for one hour equally divided and controlled by the proponent and an opponent.

6. Waives all points of order against consideration of the amendment number 2 printed in the Congressional Record.

7. Provides one motion to recommit with or without instructions.

---------

RESOLUTION

Resolved, That upon the adoption of this resolution it shall be in order without intervention of any point of order to consider in the House the bill (H.R. 1088) to amend the Securities Exchange Act of 1934 to reduce fees collected by the Securities and Exchange Commission, and for other purposes. The bill shall be considered as read for amendment. In lieu of the amendment recommended by the Committee on Financial Services now printed in the bill, the amendment in the nature of a substitute printed in the Congressional Record and numbered 1 pursuant to clause 8 of rule XVIII shall be considered as adopted. The previous question shall be considered as ordered on the bill, as amended, and on any further amendment thereto to final passage without intervening motion except: (1) one hour of debate on the bill, as amended, equally divided and controlled by the chairman and ranking minority member of the Committee on Financial Services; (2) the further amendment printed in the Congressional Record and numbered 2 pursuant to clause 8 of rule XVIII, if offered by Representative LaFalce of New York or his designee, which shall be in order without intervention of any point of order, shall be considered as read, and shall be separately debatable for one hour equally divided and controlled by the proponent and an opponent; and (3) one motion to recommit with or without instructions.

 

The latest version of Acrobat Reader can be downloaded from Adobe Systems.