H.R.1675: Capital Markets Improvement Act of 2016

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

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

The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H538)

DEBATE - The House proceeded with 10 minutes of debate on the 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 to insert a new section into that defines and prohibits bad actors from making use of any exemption or regulation made by the bill. The amendment also prohibits the SEC from amending or repealing any regulation if it would weaken the protections for American seniors provided by the legislation.

Ms. Frankel (FL) moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H537; text: CR H537)

The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union. (text of amendment in the nature of a substitute: CR H526-528)

The previous question was ordered pursuant to the rule. (consideration: CR H537)

The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1675.

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

POSTPONED PROCEEDINGS - At the conclusion of debate on the Carolyn Maloney amendment No. 7, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Ellison demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.

DEBATE - Pursuant to the provisions of H. Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the Carolyn Maloney (NY) amendment No. 7.

POSTPONED PROCEEDINGS - At the conclusion of debate on the Issa amendment No. 6, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Issa demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.

DEBATE - Pursuant to the provisions of H.Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the Issa amendment No. 6.

DEBATE - Pursuant to the provisions of H.Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the Sherman amendment No. 3.

DEBATE - Pursuant to the provisions of H.Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the Huizenga amendment No. 2.

POSTPONED PROCEEDINGS - At the conclusion of debate on the DeSaulnier amendment No. 1, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. DeSaulnier demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.

DEBATE - Pursuant to the provisions of H.Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the DeSaulnier amendment No. 1.

GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1675.

The Speaker designated the Honorable Glenn Thompson to act as Chairman of the Committee.

House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 595 and Rule XVIII.

Resolution provides for consideration of H.R. 1675 and H.R. 766.

Considered under the provisions of rule H. Res. 595. (consideration: CR H519-532, H532-539)

Rules Committee Resolution H. Res. 595 Reported to House. Resolution provides for consideration of H.R. 1675 and H.R. 766.

Placed on the Union Calendar, Calendar No. 301.

Reported by the Committee on Financial Services. H. Rept. 114-398.

Ordered to be Reported by the Yeas and Nays: 45 - 15.

Committee Consideration and Mark-up Session Held.

Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

Referred to the House Committee on Financial Services.