H.RES.358: Providing for consideration of the bill (H.R. 1315) to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to strengthen the review authority of the Financial Stability Oversight Council of regulations issued by the Bureau of Consumer Fina

The House Committee on Rules reported an original measure, H. Rept. 112-172, by Mr. Sessions.

In lieu of the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill, it shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule an amendment in the nature of a substitute consisting of the text of the Rules Committee Print dated July 14, 2011. In the engrossement of H.R. 1315, the Clerk is directed to add the text of H.R. 830, as passed by the House, as new matter at the end of H.R. 1315.

Placed on the House Calendar, Calendar No. 57.

By direction of the Committee on Rules, Mr. Sessions called up the resolution, H.Res. 358, and asked for its immediate consideration.

POINT OF ORDER AGAINST CONSIDERATION - Ms. Fudge stated that the provisions of H.Res. 358 violate section 426(a) of the Congressional Budget Act of 1974 by imposing an unfunded mandate and made a point of order against the consideration of the resolution. Subsequently, the Chair noted that the required threshold of identifying the specific language in question had been met, and the House proceeded with 20 minutes of debate on the question of consideration. At the conclusion of debate on the question of consideration, the Chair will put the question to wit: Will the House now consider the resolution?

At the conclusion of debate on the Fudge point of order, the Chair put the question on consideration of the resolution.

On question of consideration of the resolution Agreed to by the Yeas and Nays: 227 - 173 (Roll no. 612).

Considered as privileged matter.

DEBATE - The House proceeded with one hour of debate on H. Res. 358.

POSTPONED PROCEEDINGS - At the conclusion of debate on H. Res. 358, the Chair put the question on adoption of the resolution and by voice vote announced that the ayes had prevailed. Mrs. Slaughter demanded the yeas and nay, and the Chair postponed further proceedings on adoption of the resolution until later in the legislative day.

Considered as unfinished business.

On agreeing to the resolution Agreed to by the Yeas and Nays: 238 - 177 (Roll no. 614).

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