H.R.1257: Shareholder Vote on Executive Compensation Act

Referred to the House Committee on Financial Services.

Committee Hearings Held.

Committee Consideration and Mark-up Session Held.

Committee Consideration and Mark-up Session Held.

Ordered to be Reported (Amended) by the Yeas and Nays: 37 - 29.

Reported (Amended) by the Committee on Financial Services. H. Rept. 110-88.

Placed on the Union Calendar, Calendar No. 53.

Rules Committee Resolution H. Res. 301 Reported to House. Rule provides for consideration of H.R. 1257 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.

Rule H. Res. 301 passed House.

Considered under the provisions of rule H. Res. 301.

Rule provides for consideration of H.R. 1257 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.

House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 301 and Rule XVIII.

The Speaker designated the Honorable Anthony D. Weiner to act as Chairman of the Committee.

GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1257.

DEBATE - The Committee of the Whole proceeded with debate on the Bachus amendment uner the five-minute rule.

DEBATE - The Committee of the Whole proceeded with debate on the Roskam amendment under the five-minute rule.

DEBATE - The Committee of the Whole proceeded with debate on the Jackson-Lee amendment under the five-minute rule.

DEBATE - The Committee of the Whole proceeded with debate on the Sessions amendment under the five-minute rule.

POSTPONED PROCEEDINGS - At the conclusion of debate on the Sessions amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Sessions demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a later time.

DEBATE - The Committee of the Whole proceeded with debate on the Garrett amendment under the five-minute rule.

POSTPONED PROCEEDINGS - At the conclusion of debate on the Garrett amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Garrett demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a later time.

DEBATE - The Committee of the Whole proceeded with debate on the Campbell amendment under the five-minute rule.

POSTPONED PROCEEDINGS - At the conclusion of debate on the Campbell amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Campbell demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a later time.

DEBATE - The Committee of the Whole proceeded with debate on the McHenry amendment under the five-minute rule.

POSTPONED PROCEEDINGS - At the conclusion of debate on the McHenry amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. McHenry demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a later time.

Mr. Frank (MA) moved that the Committee rise.

On motion that the Committee rise Agreed to by voice vote.

Committee of the Whole House on the state of the Union rises leaving H.R. 1257 as unfinished business.

Considered as unfinished business.

The House resolved into Committee of the Whole House on the state of the Union for further consideration.

DEBATE - The Committee of the Whole proceeded with debate on the Price of Georgia amendment under the five-minute rule.

POSTPONED PROCEEDINGS - At the conclusion of debate on the Price of Georgia amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Price of Georgia demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a later time.

DEBATE - The Committee of the Whole proceeded with debate on the Putnam amendment under the five-minute rule.

POSTPONED PROCEEDINGS - At the conclusion of debate on the Putnam amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Putnam demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a later time.

POSTPONED PROCEEDINGS - At the conclusion of debate on the Price of Georgia amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Frank demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a later time.

The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1257.

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.

Mr. Feeney moved to recommit with instructions to Financial Services.

DEBATE - The House proceeded with ten minutes of debate on the motion to recommit with instructions on H.R. 1257. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment inserting a new paragraph providing a clarification on the non-binding nature of the vote.

The previous question on the motion to recommit with instructions was ordered without objection.

On motion to recommit with instructions Failed by the Yeas and Nays: 184 - 222 (Roll no. 243).

On passage Passed by recorded vote: 269 - 134 (Roll no. 244).

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.