H.R.1728: Mortgage Reform and Anti-Predatory Lending Act

Referred to the House Committee on Financial Services.

Committee Hearings Held.

Committee Consideration and Mark-up Session Held.

Ordered to be Reported (Amended) by the Yeas and Nays: 49 - 21.

Reported (Amended) by the Committee on Financial Services. H. Rept. 111-94.

Placed on the Union Calendar, Calendar No. 42.

Rules Committee Resolution H. Res. 400 Reported to House. Rule provides for consideration of H.R. 1728 with 1 hour of general debate. Measure will be considered read. Bill is closed to amendments. The resolution waives all pints of order against consideration of the bill except those arising under clause 9 and 10 of rule XXI. The resolution provides that the Committee of the Whole shall rise without motion after general debate and that no further consideration of the bill shall occur except pursuant to a subsequent order of the House.

Rule H. Res. 400 passed House.

Considered under the provisions of rule H. Res. 400.

Rule provides for consideration of H.R. 1728 with 1 hour of general debate. Measure will be considered read. Bill is closed to amendments. The resolution waives all pints of order against consideration of the bill except those arising under clause 9 and 10 of rule XXI. The resolution provides that the Committee of the Whole shall rise without motion after general debate and that no further consideration of the bill shall occur except pursuant to a subsequent order of the House.

House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 400 and Rule XVIII.

The Speaker designated the Honorable Mike Ross to act as Chairman of the Committee.

GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1728.

Committee of the Whole House on the state of the Union rises leaving H.R. 1728 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.

FUTHER CONSIDERATION OF H.R. 1728 - Pursuant to the provisions of H.Res. 406, the Committee of the Whole resumed consideration of H.R. 1728 and the amendments made in order thereto by the rule.

DEBATE - Pursuant to the provisions of H. Res. 406, the Committee of the Whole proceeded with 30 minutes of debate on the Frank (MA) amendment number 1.

The Committee of the Whole rose informally in order to receive a message from the President. Subsequently, the Committee resumed its sitting.

DEBATE - Pursuant to the provisions of H. Res. 406, the Committee of the Whole proceeded with 10 minutes of debate on the Frank (MA) amendment number 2.

POSTPONED PROCEEDINGS - At the conclusion of debate on the Frank (MA) amendment number 2, the Chair put the question on adoption of the amendment and by voice vote, announced the ayes had prevailed. Ms. Bachmann demanded a recorded vote and the Chair postponed further proceedings until later in the legislative day.

DEBATE - Pursuant to the provisions of H.Res. 406, the Committee of the Whole proceeded with 10 minutes of debate on the Bachus amendment.

DEBATE - Pursuant to the provisions of H.Res. 406, the Committee of the Whole proceeded with 10 minutes of debate on the Perlmutter amendment.

DEBATE - Pursuant to the provisions of H.Res. 406, the Committee of the Whole proceeded with 10 minutes of debate on the Hensarling amendment.

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

DEBATE - Pursuant to the provisions of H.Res. 406, the Committee of the Whole proceeded with 10 minutes of debate on the Moore (KS) amendment.

DEBATE - Pursuant to the provisions of H.Res. 406, the Committee of the Whole proceeded with 10 minutes of debate on the Price (GA) amendment.

POSTPONED PROCEEDINGS - At the conclusion of debate on the Price (GA) amendment, the Chair put the question on adoption of the amendment and by voice vote, announced the noes had prevailed. Mr. Price (GA) demanded a recorded vote and the Chair postponed further proceedings until later in the legislative day.

DEBATE - Pursuant to the provisions of H.Res. 406, the Committee of the Whole proceeded with 10 minutes of debate on the McNerney amendment.

DEBATE - Pursuant to the provisions of H.Res. 406, the Committee of the Whole proceeded with 10 minutes of debate on the McHenry amendment.

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 the noes had prevailed. Mr. McHenry demanded a recorded vote and the Chair postponed further proceedings until later in the legislative day.

DEBATE - Pursuant to the provisions of H.Res. 406, the Committee of the Whole proceeded with 10 minutes of debate on the Dahlkemper amendment.

DEBATE - Pursuant to the provisions of H.Res. 406, the Committee of the Whole proceeded with 10 minutes of debate on the Brown-Waite amendment.

DEBATE - Pursuant to the provisions of H.Res. 406, the Committee of the Whole proceeded with 10 minutes of debate on the Titus amendment.

DEBATE - Pursuant to the provisions of H.Res. 406, the Committee of the Whole proceeded with 10 minutes of debate on the Mario Diaz-Balart amendment.

DEBATE - Pursuant to the provisions of H. Res. 406, the Committee of the Whole proceeded with 10 minutes of debate on the Weiner amendment, as modified.

UNFINISHED BUSINESS - The Chair announced that the unfinished business was on the question of adoption of amendments which had been debated earlier and on which further proceedings had been postponed.

The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1728.

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.

The previous question was ordered pursuant to the rule.

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

DEBATE - The House proceeded with 10 minutes of debate on the Sessions motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment adding a new section setting forth guidelines for accountability and transparancy for grant recipients.

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

On motion to recommit with instructions Agreed to by voice vote.

On passage Passed by the Yeas and Nays: 300 - 114 (Roll no. 242).

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

The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 1728.

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.