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On agreeing to the DeFazio amendment; Agreed to by voice vote.
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DEBATE - Pursuant to the provisions of H. Res. 629, the Committee of the Whole proceeded with 10 minutes of debate on the DeFazio amendment No. 1.
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An amendment, offered by Mr. DeFazio, No. 1 printed in House Report 113-476 to add one requirement to the study on high frequency trading: Whether such trading increases market volatility, including short term market swings such as the "flash crash."
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Amendment offered by Mr. DeFazio.
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GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 4413.
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The Speaker designated the Honorable Rob Bishop to act as Chairman of the Committee.
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House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 629 and Rule XVIII.
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Rule provides for consideration of H.R. 4413 with 1 hour of general debate. Motion to recommit with or without instructions allowed. The rule makes in order as original text for the purpose of amendment an amendment in the nature of a substitute consisting of the text of Rules Committee Print 113-47.
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Considered under the provisions of rule H. Res. 629. H.R. 4413 — "To reauthorize the Commodity Futures Trading Commission, to better protect futures customers, to provide end users with market certainty, to make basic reforms to ensure transparency and accountability at the Commission, to help farmers, ranchers, and end users manage risks to help keep consumer costs low, and for other purposes."
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The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 4413.
