12/11/09 10:13 AM
POSTPONED PROCEEDINGS - At the conclusion of debate on the Marshall amendment, the Chair put the question on adoption of the amendment and by voice vote, announced the ayes had prevailed. Mr. Goodlatte demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
12/11/09 10:00 AM
An amendment numbered 19 printed in House Report 111-370 to allow bankruptcy courts to extend repayment periods, reduce excessive interest rates and fees, and adjust the principal balance of the mortgage to a home's fair market value as necessary to prevent foreclosure and revised to allow the VA, FHA, and RHS to take steps to facilitate mortgage modifications. The amendment is substantively identical to title I, subtitle A and sections 121-123 of subtitle B of H.R. 1106 (Helping Families Save Their Homes Act of 2009), which passed the House on March 5, 2009.
On agreeing to the Kanjorski amendment Failed by voice vote.
12/11/09 10:00 AM
DEBATE - Pursuant to the provisions of H.Res. 964, the Committee of the Whole proceeded with 10 minutes of debate on the Marshall amendment.
Amendment offered by Mr. Marshall.
12/11/09 9:49 AM
DEBATE - Pursuant to the provisions of H.Res. 964, the Committee of the Whole proceeded with 10 minutes of debate on the Kanjorski amendment numbered 18.
Amendment offered by Mr. Kanjorski.
12/11/09 9:49 AM
An amendment numbered 18 printed in House Report 111-370 to aim to stem the unintended consequences resulting from the definitional change of NRSRO from Nationally Recognized Statistical Rating Organization to Nationally Registered Statistical Rating Organization. Section 6005 creates inconsistencies in the securities laws as it amends the definition only in the 1933 and 1934 Acts and it has potential impact on state rules and regulations requiring a change of state level statute.
By unanimous consent, the Watt amendment was withdrawn.
12/11/09 9:41 AM
DEBATE - Pursuant to the provisions of H.Res. 964, the Committee of the Whole proceeded with 10 minutes of debate on the Watt amendment.
Amendment offered by Mr. Watt.
12/11/09 9:41 AM
An amendment numbered 17 printed in House Report 111-370 to revise the exclusion for auto dealers under the Consumer Financial Protection Agency Act by clarifying what auto dealer activities are excepted.
12/11/09 9:40 AM
POSTPONED PROCEEDINGS - At the conclusion of debate on the Peters amendment, the Chair put the question on adoption of the amendment and by voice vote, announced the ayes had prevailed. Mr. Hensarling demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
12/11/09 9:28 AM
An amendment numbered 16 printed in House Report 111-370 to authorize the FDIC to make assessments for the Systemic Dissolution Fund used to repay any shortfalls in Troubled Asset Relief Program (TARP) to ensure that such shortfalls do not add to the deficit or national debt.
On agreeing to the Cohen amendment Agreed to by voice vote.
12/11/09 9:28 AM
DEBATE - Pursuant to the provisions of H.Res. 964, the Committee of the Whole proceeded with 10 minutes of debate on the Peters amendment.
Amendment offered by Mr. Peters.
