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Searching...- Bills
- H.R.5585
H.R.5585: Financial Netting Improvements Act of 2006
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about law
- Introduced June 12, 2006
- Latest Major Action Dec. 12, 2006
Bill Sponsor
Bill Cosponsor
Bill Summary
Financial Netting Improvements Act of 2006 - (Sec. 2) Amends the Federal Deposit Insurance Act (FDIA) and the Federal Credit Union Act to revise treatment of certain agreements entered into before appointment of depository institution conservators or receivers, including securities contracts, forward contracts, and swap agreements. (Sec. 3) Defines "person" to include any governmental entity. (Sec. 4) Amends the Federal Deposit Insurance...
(Source: Library of Congress)
Congressional Budget Office Estimate
Bill Actions
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Considered as unfinished business.
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On motion that the House suspend the rules and agree to the Senate amendments Agreed to by the Yeas and Nays: (2/3 required): 395 - 0 (Roll no. 522).
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Motion to reconsider laid on the table Agreed to without objection.
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Cleared for White House.
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Presented to President.
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Signed by President.
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Became Public Law No: 109-390.
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Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, 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.
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Referred to House Financial Services
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Referred to House Judiciary
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Committee Consideration and Mark-up Session Held.
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Ordered to be Reported by Voice Vote.
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Reported by the Committee on Financial Services. H. Rept. 109-648, Part I.
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House Committee on Judiciary Granted an extension for further consideration ending not later than Sept. 22, 2006.
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Committee on Judiciary discharged.
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Placed on the Union Calendar, Calendar No. 403.
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Mr. McHenry moved to suspend the rules and pass the bill, as amended.
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Considered under suspension of the rules.
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DEBATE - The House proceeded with forty minutes of debate on H.R. 5585.
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On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate, read twice.
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Measure laid before Senate by unanimous consent.
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Passed Senate with amendments by Unanimous Consent.
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Message on Senate action sent to the House.
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Mr. McHenry moved that the House suspend the rules and agree to the Senate amendments.
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DEBATE - The House proceeded with forty minutes of debate on the motion to suspend the rules and agree to the Senate amendments to H.R. 5585.
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At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the chair announced that further proceedings on the motion would be postponed.
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| June 12, 2006 |
Introduced in the House by Patrick T. McHenry (R-N.C.) |