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CURRENT HOUSE FLOOR PROCEEDINGS
LEGISLATIVE DAY OF JULY 31, 2009
111TH CONGRESS – FIRST SESSION

5:54 P.M. –

On motion to adjourn Agreed to by voice vote.

The House adjourned pursuant to H. Con. Res. 172. The next meeting is scheduled for 2:00 p.m. on September 8, 2009.

Mr. King (IA) moved that the House do now adjourn.

2:36 P.M. –

SPECIAL ORDER SPEECHES – The House has resumed Special Order speeches.

2:35 P.M. –

The House received a message from the Senate. The Senate agreed to H.Con.Res. 172.

2:27 P.M. –

SPECIAL ORDER SPEECHES – The House has concluded all anticipated legislative business and has proceeded to Special Order speeches.

2:26 P.M. –

The House received a communication from Honorable James L. Oberstar. Mr. Oberstar notified the House that on July 30, 2009, the Committee on Transportation and Infrastructure met in open session to consider three resolutions for the U.S. Army Corps of Engineers, in accordance with 33 U.S.C. 542. The resolutions authorize Corps surveys (or studies) of water resources needs and possible solutions. The Committee adopted the resolutions by voice vote with a quorum present.

2:17 P.M. –

ONE MINUTE SPEECHES – The House proceeded with further one minute speeches.

H. Res. 513:: supporting the goals and purpose of Gold Star Mothers Day, which is observed on the last Sunday in September of each year in remembrance of the supreme sacrifice made by mothers who lose a son or daughter serving in the Armed Forces

2:16 P.M. –

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

On agreeing to the resolution Agreed to without objection.

2:15 P.M. –

Considered by unanimous consent.

Mr. Clay asked unanimous consent to discharge from committee and consider.

H.J. Res. 12:: expressing support for designation of September 2009 as “Gospel Music Heritage Month” and honoring gospel music for its valuable and longstanding contributions to the culture of the United States

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

On passage Passed without objection.

Considered by unanimous consent.

H. Res. 662:: supporting the goals and ideals of “National Save for Retirement Week”, including raising public awareness of the various tax-preferred retirement vehicles as important tools for personal savings and retirement financial security

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

On agreeing to the resolution Agreed to without objection.

H.J. Res. 12:: expressing support for designation of September 2009 as “Gospel Music Heritage Month” and honoring gospel music for its valuable and longstanding contributions to the culture of the United States

Mr. Clay asked unanimous consent to discharge from committee and consider.

H. Res. 662:: supporting the goals and ideals of “National Save for Retirement Week”, including raising public awareness of the various tax-preferred retirement vehicles as important tools for personal savings and retirement financial security

Considered by unanimous consent.

Mr. Cohen asked unanimous consent to discharge from committee and consider.

S.J. Res. 19:: granting the consent and approval of Congress to amendments made by the State of Maryland, the Commonwealth of Virginia, and the District of Columbia to the Washington Metropolitan Area Transit Regulation Compact

2:14 P.M. –

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

On passage Passed without objection.

2:13 P.M. –

Considered by unanimous consent.

Mr. Cohen asked unanimous consent to discharge from committee and consider.

2:12 P.M. –

Mr. Cohen filed a report from the Committee on Judiciary on H. Res. 636.

H.R. 2913:: to designate the United States courthouse located at 301 Simonton Street in Key West, Florida, as the “Sidney M. Aronovitz United States Courthouse”

2:11 P.M. –

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

On passage Passed without objection.

2:10 P.M. –

Mr. Oberstar asked unanimous consent to consider in the House.

Considered by unanimous consent.

H. Con. Res. 171:: authorizing the use of the Capitol Grounds for an event to honor military personnel who have died in service to the United States and to acknowledge the sacrifice of the families of those individuals as part of the National Weekend of Remembrance

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

On agreeing to the resolution Agreed to without objection.

2:09 P.M. –

Considered by unanimous consent.

Mr. Oberstar asked unanimous consent to discharge from committee and consider.

H.R. 3269:: to amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation and to prevent perverse incentives in the compensation practices of financial institutions

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

On passage Passed by recorded vote: 237 – 185 (Roll no. 686).

2:02 P.M. –

On motion to recommit with instructions Failed by recorded vote: 178 – 244 (Roll no. 685).

1:40 P.M. –

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 report the same back to the House with an amendment to instruct the Security Exchange Commission to identify all persons or entities engaged in activities to influence a vote.

1:39 P.M. –

Mr. Sessions moved to recommit with instructions to Appropriations.

1:38 P.M. –

On agreeing to the Garrett (NJ) amendment Failed by recorded vote: 179 – 244 (Roll no. 684).

1:30 P.M. –

On agreeing to the Frank (MA) amendment as modified Agreed to by recorded vote: 242 – 178 (Roll no. 683).

1:25 P.M. –

Considered as unfinished business.

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

H.R. 3435:: making supplemental appropriations for fiscal year 2009 for the Consumer Assistance to Recycle and Save Program

On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 316 – 109, 2 Present (Roll no. 682).

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

12:13 P.M. –

DEBATE – The House proceeded with forty minutes of debate on H.R. 3435.

Considered under suspension of the rules.

Mr. Obey moved to suspend the rules and pass the bill.

12:11 P.M. –

SUSPENSION AUTHORITY – Mr. Perlmutter asked unanimous consent that it be in order to entertain a motion to suspend the rules on Friday, July 31, 2009, with respect to the consideration of H.R. 3435. Agreed to without objection.

H.R. 3269:: to amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation and to prevent perverse incentives in the compensation practices of financial institutions

11:55 A.M. –

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

11:44 A.M. –

DEBATE – Mr. Garrett (NJ) asked unanimous consent that debate on the Garrett (NJ) amendment in the nature of a substitute be extended by 10 minutes, equally divided and controlled. Agreed to without objection.

11:08 A.M. –

DEBATE – Pursuant to the provisions of H.Res. 697, the House proceeded with 30 minutes of debate on the Garrett (NJ) amendment in the nature of a substitute.

Amendment in the nature of a substitute offered by Mr. Garrett (NJ).

: An amendment in the nature of a substitute numbered 2 printed in House Report 111-237 to insert a complete new text entitled “Corporate and Financial Institution Compensation Fairness Act of 2009”.

11:07 A.M. –

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

11:05 A.M. –

Frank (MA) amendment modified by unanimous consent. The amendment, as modified, inserts new text into the “Limitation” provision. The provision is modified to read: ¢ (f)Limitation- No regulation promulgated pursuant to this section shall be allowed to require the recovery of incentive-basedcompensation under compensation arrangements in effect on the date of enactment of this Act, provided such compensation agreements are for a period of no more than 24 months. Nothing in this Act shall prevent or limit the recovery of incentive-based compensation under any other applicable law.

10:56 A.M. –

DEBATE – Pursuant to the provisions of H.Res. 697, the House proceeded with 10 minutes of debate on the Frank (MA) amendment.

Amendment offered by Mr. Frank (MA).

: An amendment numbered 1 printed in House Report 111-237 to strike language prohibiting clawbacks of executive compensation approved by shareholders and insert language prohibiting rules of financial regulators from requiring recovery of incentive-based pay under arrangements in effect on the date of enactment.

9:58 A.M. –

DEBATE – The House resumed debate on H.R. 3269.

9:57 A.M. –

The House received a message from the Senate. The Senate passed H.R. 3357.

H.R. 3269:: to amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation and to prevent perverse incentives in the compensation practices of financial institutions

9:47 A.M. –

DEBATE – The House proceeded with one hour of debate on H.R. 3269.

9:46 A.M. –

Rule provides for consideration of H.R. 3269 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as adopted. All points of order against provisions of the bill, as amended, are waived.

Considered under the provisions of rule H. Res. 697.

H. Res. 697:: providing for consideration of the bill ( H.R. 3269) to amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation and to prevent perverse incentives in the compensation practices of financial institutions

9:44 A.M. –

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

On agreeing to the resolution Agreed to by voice vote.

The previous question was ordered without objection.

9:27 A.M. –

DEBATE – The House proceeded with one hour of debate on H. Res. 697.

9:26 A.M. –

Considered as privileged matter.

9:13 A.M. –

ONE MINUTE SPEECHES – The House proceeded with one minute speeches which by direction of the Chair, would be limited to 5 per side of the aisle.

9:11 A.M. –

PLEDGE OF ALLEGIANCE – The Chair designated Mr. Wilson of SC to lead the Members in reciting the Pledge of Allegiance to the Flag.

The Speaker announced approval of the Journal. Pursuant to clause 1, rule I, the Journal stands approved.

9:10 A.M. –

Today’s prayer was offered by Reverend Dr. Ivan Raley, First Baptist Church, Byrdstown, TN

9:00 A.M. –

The House convened, starting a new legislative day.