H.R.10: Financial Services Act of 1998

About This Bill

Bill Summary

TABLE OF CONTENTS: Title I: Facilitating Affiliation Among Securities Firms, Insurance Companies, and Depository Institutions Subtitle A: Affiliations Subtitle B: Streamlining Supervision of Financial Holding Companies Subtitle C: Subsidiaries of National Banks Subtitle D: Wholesale Financial Holding Companies; Wholesale Financial Institutions Subtitle E: Preservation of FTC Authority Subtitle F: Applying the Principles of National Treatment...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the Committee on Banking and Financial Services, and in addition to the Committee on Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Banking and Financial Services
Referred to House Commerce
Referred to the Subcommittee on Finance and Hazardous Materials, for a period to be subsequently determined by the Chairman.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Committee Hearings Held.
Committee Hearings Held.
Committee Hearings Held.
Committee Hearings Held.
Committee Hearings Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 26.
Mr. Leach asked unanimous consent that the Committee on Banking, Finance + Urban Affrs have until midnight on July 3 to file a report on H.R. 10. Agreed to without objection.
Reported (Amended) by the Committee on Banking and Financial Services. H. Rept. 105-164, Part I.
House Committee on Commerce Granted an extension for further consideration ending not later than Sept. 15, 1997.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
Subcommittee Hearings Held.
House Committee on Commerce Granted an extension for further consideration ending not later than Sept. 30, 1997.
Supplemental report filed by the Committee on Banking and Financial Services, H. Rept. 105-164, Part II.
House Committee on Commerce Granted an extension for further consideration ending not later than Oct. 31, 1997.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 23 - 2.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 11.
House Committee on Commerce Granted an extension for further consideration ending not later than Nov. 3, 1997.
Reported (Amended) by the Committee on Commerce. H. Rept. 105-164, Part III. Filed late, pursuant to previous special order.
Placed on the Union Calendar, Calendar No. 217.
Mr. Oxley asked unanimous consent that the Committee on Commerce be permitted to file a Supplemental Report on the bill. Agreed to without objection.
Supplemental report filed by the Committee on Commerce, H. Rept. 105-164, Part IV.
Rules Committee Resolution H. Res. 403 Reported to House. Rule provides for consideration of H.R. 10 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. It shall be in order to consider as an original bill for the purpose of amendment the amendment in the nature of a substitute printed in part 1 of the report accompanying this resolution. No amendment to the substitute shall be in order except those printed in part 2 of the report accompanying this resolution, if offered in the order and manner specified.
Rules Committee Resolution H. Res. 428 Reported to House. Rule provides for consideration of H.R. 10 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Specified amendments are in order. It shall be in order to consider as an original bill for the purpose of amendment the amendment in the nature of a substitute printed in part 1 of the report accompanying this resolution. All points of order against the amendment shall be waived. No other amendment shall be in order except those printed in part 2 of the report accompanying this resolution, to be offered in the order and manner specified in the report.
Rule H. Res. 428 passed House.
Considered under the provisions of rule H. Res. 428.
Rule provides for consideration of H.R. 10 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Specified amendments are in order. It shall be in order to consider as an original bill for the purpose of amendment the amendment in the nature of a substitute printed in part 1 of the report accompanying this resolution. All points of order against the amendment shall be waived. No other amendment shall be in order except those printed in part 2 of the report accompanying this resolution, to be offered in the order and manner specified in the report.
The Speaker designated the Honorable Jo Ann Emerson to act as Chairwoman of the Committee.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 428 and Rule XXIII.
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate.
DEBATE - Pursuant to the provisions of H. Res. 428, the Committee of the Whole proceeded with 30 minutes of debate on the Bliley amendment.
DEBATE - Pursuant to the provisions of H. Res. 428, the Committee of the Whole proceeded with 40 minutes of debate on the LaFalce amendment.
DEBATE - Pursuant to the provisions of H. Res. 428, the Committee of the Whole proceeded with 40 minutes of debate on the Baker amendment.
DEBATE - Pursuant to the provisions of H. Res. 428, the Committee of the Whole proceeded with 30 minutes of debate on the Roukema amendment.
DEBATE - Pursuant to the provisions of H. Res. 428, the Committee of the Whole proceeded with 30 minutes of debate on the Leach substitute amendment.
At the conclusion of debate the Chair put the question on agreeing to the Leach substitute amendment and announced that, by voice vote, the amendment was agreed to. Mr. Vento objected to the vote on grounds that a quorum was not present and made a point of order that a quorum was not present. Pursuant to the provisions of H. Res. 428, further proceedings were postponed and the point of no quroum was withdrawn.
DEBATE - Pursuant to the provisions of H. Res. 428, the Committee of the Whole proceeded with 10 minutes of debate on the Kingston amendment.
At the conclusion of debate the Chair put the question on agreeing to the Kingston amendment and announced that, by voice vote, the amendment was agreed to. Mr. Kingston requested a recorded vote and, pursuant to the provisions of H. Res. 428, further proceedings were postponed.
DEBATE - Pursuant to the provisions of H. Res. 428, the Committee of the Whole proceeded with 10 minutes of debate on the Roukema amendment.
At the conclusion of debate the Chair put the question on agreeing to the Roukema amendment and announced that, by voice vote, the amendment was agreed to. Mrs. Roukema requested a recorded vote and, pursuant to the provisions of H. Res. 428, further proceedings were postponed.
The Chair announced the unfinished business to be the further consideration of those amendments on which proceedings were previously postponed. Consideration would proceed on such amendments in the following order: Leach substitute amendment (#5) to the Roukema amendment (#4), Roukema (#4), Kingston (#6), and Roukema (#7).
DEBATE - Pursuant to the provisions of H. Res. 428, the Committee of the Whole proceeded with 10 minutes of debate on the Sanders amendment.
DEBATE - Pursuant to the provisions of H. Res. 428, the Committee of the Whole proceeded with 10 minutes of debate on the Metcalf amendment.
At the conclusion of debate, the Chair put the question on agreeing to the Metcalf amendment and announced that, by voice vote, the amendment was agreed to. Mr. Kleczka requested a recorded vote and, pursuant to the provisions of H. Res. 428, further proceedings were postponed.
DEBATE - Pursuant to the provisions of H. Res. 428, the Committee of the Whole proceeded with 10 minutes of debate on the Moran amendment.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 10.
The previous question was ordered pursuant to the rule.
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
On passage Passed by recorded vote: 214 - 213 (Roll No. 151).
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and read twice and referred to the Committee on Banking.
Committee on Banking. Hearings held.
Committee on Banking. Hearings held.
Committee on Banking. Hearings held.
Committee on Banking. Hearings held.
Committee on Banking. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Banking. Reported to Senate by Senator D'Amato with an amendment in the nature of a substitute. With written report No. 105-336. Additional views filed.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 588.
Motion to proceed to consideration of measure made in Senate.
Cloture motion on the motion to proceed presented in Senate.
Motion to proceed to consideration of measure withdrawn in Senate.
Cloture on the motion to proceed invoked in Senate by Yea-Nay Vote. 93-0. Record Vote No: 297.
Motion to proceed considered in Senate.
Motion to proceed to consideration of measure agreed to in Senate by Yea-Nay Vote. 88-11. Record Vote No: 301.
Measure laid before Senate by unanimous consent.
Considered by Senate.
Motion by Senator Lott to recommit to Senate Committee on Banking made in Senate.
Amendment SP 3804 proposed by Senator Lott.
Amendment SP 3805 proposed by Senator Lott.
Amendment SP 3806 proposed by Senator Lott to Amendment SP 3805.
Jan. 7, 1997

Introduced in the House by James A. Leach (R-Iowa)

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