H.RES.301: Providing for consideration of the bill (H.R. 1257) to amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation.

The House Committee on Rules reported an original measure, H. Rept. 110-96, by Mr. McGovern.

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. During consideration in the House of H.R. 1257 pursuant to this resolution, notwithstanding the operation of the previous question, the Chair may postpone further consideration of the bill to such time as may be designated by the Speaker.

Placed on the House Calendar, Calendar No. 37.

Considered as privileged matter.

DEBATE - The House proceeded with one hour of debate on H. Res. 301.

POSTPONED PROCEEDINGS - At the conclusion of the debate on H. Res. 301, the Chair put the question on ordering the previous question and by voice vote, announced the ayes had prevailed. Mr. Sessions demanded the yeas and nays and the Chair postponed further proceedings on ordering the previous question until later in the legislative day.

Considered as unfinished business.

On ordering the previous question Agreed to by the Yeas and Nays: 226 - 199 (Roll no. 219).

On agreeing to the resolution Agreed to by recorded vote: 227 - 195 (Roll no. 220).

Motion to reconsider laid on the table Agreed to without objection.