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

                                                  House Calendar No. 85
112th CONGRESS
  1st Session
H. RES. 453

                          [Report No. 112-265]

   Providing 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, and providing for 
  consideration of 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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            November 2, 2011

   Mr. Sessions, from the Committee on Rules, reported the following 
resolution; which was referred to the House Calendar and ordered to be 
                                printed

_______________________________________________________________________

                               RESOLUTION


 
   Providing 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, and providing for 
  consideration of 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.

    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.
                                                  House Calendar No. 85

112th CONGRESS

  1st Session

                              H. RES. 453

                          [Report No. 112-265]

_______________________________________________________________________

                               RESOLUTION

   Providing 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, and providing for 
  consideration of 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.

_______________________________________________________________________

                            November 2, 2011

        Referred to the House Calendar and ordered to be printed