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- H.R.2990
H.R.2990: Credit Rating Agency Duopoly Relief Act of 2006
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about congress
- Introduced June 20, 2005
- Latest Major Action July 13, 2006
Bill Sponsor
Bill Cosponsors
15 (All Republicans)
Bill Summary
Credit Rating Agency Duopoly Relief Act of 2006 - (Sec. 4) Amends the Securities Exchange Act of 1934 (Act) to define a credit rating agency as any person: (1) engaged in the business of issuing credit ratings on the Internet or through another readily accessible means, for free or for a reasonable fee, but excluding a commercial credit reporting company; (2) employing either a quantitative or qualitative model, or both, to determine credit...
(Source: Library of Congress)
Congressional Budget Office Estimate
Bill Actions
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Referred to the House Committee on Financial Services.
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Sponsor introductory remarks on measure.
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Committee Consideration and Mark-up Session Held.
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Ordered to be Reported (Amended) by Voice Vote.
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Mr. Price (GA) asked unanimous consent that the Committee on Financial Services have until 12:00 p.m. on July 7 to file a report on H.R. 2990. Agreed to without objection.
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Reported (Amended) by the Committee on Financial Services. H. Rept. 109-546.
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Placed on the Union Calendar, Calendar No. 306.
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Rules Committee Resolution H. Res. 906 Reported to House. Rule provides for consideration of H.R. 2990 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.
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Rule H. Res. 906 passed House.
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Considered under the provisions of rule H. Res. 906.
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Rule provides for consideration of H.R. 2990 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.
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House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 906 and Rule XVIII.
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The Speaker designated the Honorable John Boozman to act as Chairman of the Committee.
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GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 2990.
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DEBATE - Pursuant to the provisions of H. Res. 906, the Committee of the Whole proceeded with 10 minutes of debate on the Oxley amendment.
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DEBATE - Pursuant to the provisions of H. Res. 906, the Committee of the Whole proceeded with 20 minutes of debate on the Kanjorski amendment.
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The House rose from the Committee of the Whole House on the state of the Union to report H.R. 2990.
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The previous question was ordered pursuant to the rule.
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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.
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On passage Passed by recorded vote: 255 - 166 (Roll no. 368).
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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| June 20, 2005 |
Introduced in the House by Michael G. Fitzpatrick (R-Pa.) |