H.RES.306: Providing for consideration of the bill (H.R. 1664) to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards.

The House Committee on Rules reported an original measure, H. Rept. 111-71, by Mr. Perlmutter.

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.

Placed on the House Calendar, Calendar No. 38.

Considered as privileged matter.

DEBATE - The House proceeded with one hour of debate on H. Res. 306.

The previous question was ordered without objection.

POSTPONED PROCEEDINGS - At the conclusion of debate on H.Res. 306, the Chair put the question on adoption of the resolution, and by voice vote announced that the ayes had prevailed. Ms. Foxx demanded the yeas and nays and the Chair postponed further proceedings on the question of adoption of the resolution until a time to be announced.

Considered as unfinished business.

On agreeing to the resolution Agreed to by the Yeas and Nays: 236 - 175, 1 Present (Roll no. 177).

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