[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 453 Engrossed in House (EH)]

H. Res. 453

                In the House of Representatives, U. S.,

                                                      November 3, 2011.
    Resolved, That at any time after the adoption of this resolution the Speaker 
may, pursuant to clause 2(b) of rule XVIII, declare the House resolved into the 
Committee of the Whole House on the state of the Union for consideration of the 
bill (H.R. 2930) to amend the securities laws to provide for registration 
exemptions for certain crowdfunded securities, and for other purposes. The first 
reading of the bill shall be dispensed with. All points of order against 
consideration of the bill are waived. General debate shall be confined to the 
bill and shall not exceed one hour equally divided and controlled by the chair 
and ranking minority member of the Committee on Financial Services. After 
general debate the bill shall be considered for amendment under the five-minute 
rule. It shall be in order to consider as an original bill for the purpose of 
amendment under the five-minute rule the amendment recommended by the Committee 
on Financial Services now printed in the bill. The committee amendment in the 
nature of a substitute shall be considered as read. All points of order against 
the committee amendment in the nature of a substitute are waived. No amendment 
to the committee amendment in the nature of a substitute shall be in order 
except those printed in part A of the report of the Committee on Rules 
accompanying this resolution. Each such amendment may be offered only in the 
order printed in the report, may be offered only by a Member designated in the 
report, shall be considered as read, shall be debatable for the time specified 
in the report equally divided and controlled by the proponent and an opponent, 
shall not be subject to amendment, and shall not be subject to a demand for 
division of the question in the House or in the Committee of the Whole. All 
points of order against such amendments are waived. At the conclusion of 
consideration of the bill for amendment the Committee shall rise and report the 
bill to the House with such amendments as may have been adopted. Any Member may 
demand a separate vote in the House on any amendment adopted in the Committee of 
the Whole to the bill or to the committee amendment in the nature of a 
substitute. The previous question shall be considered as ordered on the bill and 
amendments thereto to final passage without intervening motion except one motion 
to recommit with or without instructions.
    Sec. 2.  Upon the adoption of this resolution it shall be in order to 
consider in the House the bill (H.R. 2940) to direct the Securities and Exchange 
Commission to eliminate the prohibition against general solicitation as a 
requirement for a certain exemption under Regulation D. All points of order 
against consideration of the bill are waived. 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. The bill, as amended, shall be considered 
as read. All points of order against provisions in the bill, as amended, are 
waived. The previous question shall be considered as ordered on the bill, as 
amended, and on any further amendment thereto, to final passage without 
intervening motion except: (1) one hour of debate equally divided and controlled 
by the chair and ranking minority member of the Committee on Financial Services; 
(2) the further amendment printed in part B of the report of the Committee on 
Rules accompanying this resolution, if offered by Representative Miller of North 
Carolina or his designee, which shall be in order without intervention of any 
point of order, shall be considered as read, and shall be separately debatable 
for 10 minutes equally divided and controlled by the proponent and an opponent; 
and (3) one motion to recommit with or without instructions.
            Attest:

                                                                          Clerk.