04/01/09 4:12 PM
An amendent numbered 2 printed in House Report 111-71 to allow the Treasury Secretary to exempt financial institutions receiving TARP funds under a certain threshold.
04/01/09 4:12 PM
DEBATE - Pursuant to the provisions of H.Res. 306, the Committee of the Whole proceeded with 10 minutes of debate on the Cardoza amendment.
Amendment offered by Mr. Cardoza.
04/01/09 4:11 PM
On agreeing to the Frank (MA) amendment Agreed to by voice vote.
04/01/09 3:48 PM
DEBATE - Pursuant to the provisions of H.Res. 306, the Committee of the Whole proceeded with 20 minutes of debate on the Frank amendment.
04/01/09 3:47 PM
Amendment offered by Mr. Frank (MA).
04/01/09 3:47 PM
An amendment numbered 1 printed in House Report 111-71 to further clarifiy that an institution does not become subject to the limitations on compensation in this bill as a result of doing business with an institution that has received a direct capital investment under either the TARP or HERA. Would exempt severance pay from coverage if the payment is made in the ordinary course to an employee who has been with the institution at least 5 years prior to dismissal, as long as that payment is not greater than the employees annual salary or $250,000. Would require the compensation data that an institution must report annually to the Treasury to include contributions made for the benefit of an employees immediate family members. Would create a Commission on Executive Compensation to study the executive compensation system for recipients of direct capital investments under the TARP and make recommendations for legislative and regulatory action.
04/01/09 2:39 PM
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1664.
The Speaker designated the Honorable Jesse L. Jackson Jr. to act as Chairman of the Committee.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 306 and Rule XVIII.
04/01/09 2:38 PM
Rule provides for consideration of H.R. 1664 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill.
Considered under the provisions of rule H. Res. 306.
04/01/09 2:38 PM
H. Res. 290:
honoring the lives, and mourning the loss, of Sergeant Mark Dunakin, Sergeant Ervin Romans, Sergeant Daniel Sakai, and Officer John Hege, members of the Oakland Police Department in California who were brutally slain in the line of duty
04/01/09 2:37 PM
On motion to suspend the rules and agree to the resolution Agreed to by the Yeas and Nays: (2/3 required): 417 - 0 (Roll no. 179).
Motion to reconsider laid on the table Agreed to without objection.
