H.RES.406: Providing for further consideration of the bill (H.R. 1728) to amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to provide certain minimum standards for consumer mortgage loans, and for ot

The House Committee on Rules reported an original measure, H. Rept. 111-98, by Mr. Cardoza.

The resolution provides that the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as an original bill for the purpose of amendment. The resolution waives all points of order against the amendment in the nature of a substitute except for clause 10 of rule XXI. This waiver does not affect the point of order available under clause 9 of rule XXI (regarding earmark disclosure).

Placed on the House Calendar, Calendar No. 51.

Considered as privileged matter.

DEBATE - The House proceeded with one hour of debate on H. Res. 406. During the course of debate, Mr. Cardoza asked unanimous consent to modify the description of the Frank amendment numbered 2 printed in House Report 111-98 in the form provided to the desk. Agreed to without objection. Subsequently, the House resumed debate on H.Res. 406.

The previous question was ordered without objection.

On agreeing to the resolution Agreed to by the Yeas and Nays: 247 - 174 (Roll no. 237).

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