Wednesday, April 29, 2009

5:00 P.M.

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H.R. 627         Financial Services

Credit Cardholders’ Bill of Rights Act of 2009

The Committee granted, by a non-record vote, a structured rule providing for further consideration of H.R. 627, the “Credit Cardholders' Bill of Rights Act of 2009.” The resolution provides that no general debate shall be in order pursuant to the resolution.  The rule provides that the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as an original bill for the purpose of amendment and shall be considered as read.  The rule waives all points of order against the amendment in the nature of a substitute except for clause 10 of rule XXI. 

The rule makes in order only those amendments printed in the report of the Committee on Rules.  The amendments made in order 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 debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for a division of the question in the House or in the Committee of the Whole.  All points of order against the amendments except for clauses 9 and 10 of rule XXI are waived.  The rule provides one motion to recommit with or without instructions.