H.R.1375: Financial Services Regulatory Relief Act of 2004

About This Bill

Bill Summary

Financial Services Regulatory Relief Act of 2004 - Title I: National Bank Provisions - (Sec. 101) Amends the Revised Statutes of the United States to authorize the Comptroller of the Currency to permit an individual to serve as director of a national bank operating as a subchapter S Corporation if the individual holds debt issued by the bank of at least $1,000 that is subordinated to the interests of bank depositors and general creditors....

(Source: Library of Congress)

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.1375.

Bill Actions

Date Description
Reported (Amended) by the Committee on Judiciary. H. Rept. 108-152, Part II.
Placed on the Union Calendar, Calendar No. 113.
Supplemental report filed by the Committee on Financial Services, H. Rept. 108-152, Part III.
Rules Committee Resolution H. Res. 566 Reported to House. Rule provides for consideration of H.R. 1375 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.
Rule H. Res. 566 passed House.
Considered under the provisions of rule H. Res. 566.
Rule provides for consideration of H.R. 1375 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.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 566 and Rule XVIII.
The Speaker designated the Honorable Ray LaHood to act as Chairman of the Committee.
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1375.
DEBATE - Pursuant to House Resolution 566 the Committee of the Whole proceeded with twenty minutes of debate on the Oxley amendment.
DEBATE - Pursuant to House Resolution 566 the Committee of the Whole proceeded with ten minutes of debate on the Waters amendment.
DEBATE - Pursuant to House Resolution 566 the Committee of the Whole proceeded with ten minutes of debate on the Bachus amendment.
DEBATE - Pursuant to House Resolution 566 the Committee of the Whole proceeded with ten minutes of debate on the Weiner amendment.
POSTPONED VOTE - At the conclusion of debate on the Weiner amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Weiner demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
DEBATE - Pursuant to House Resolution 566 the Committee of the Whole proceeded with ten minutes of debate on the Jackson-Lee amendment.
POSTPONED VOTE - At the conclusion of debate on the Jackson-Lee amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Jackson-Lee demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
DEBATE - Pursuant to House Resolution 566, the Committee of the Whole proceeded with ten minutes of debate on the Kelly amendment.
POSTPONED VOTE - At the conclusion of debate on the Kelly amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mrs. Kelly deanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1375.
On passage Passed by the Yeas and Nays: 392 - 25 (Roll no. 69).
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, Housing, and Urban Affairs.
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Subcommittee Hearings Held.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
Reported (Amended) by the Committee on Financial Services. H. Rept. 108-152, Part I.
Referred sequentially to the House Committee on the Judiciary for a period ending not later than July 14, 2003 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(k), rule X.
Referred to the Subcommittee on Commercial and Administrative Law.
Subcommittee on Commercial and Administrative Law Discharged.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by Voice Vote.
March 20, 2003

Introduced in the House by Shelley Moore Capito (R-W.Va.)

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