[House Prints 111-A]
[From the U.S. Government Publishing Office]


111th Congress 
 1st Session                COMMITTEE PRINT                   Committee
                                                            Print 111-A
_______________________________________________________________________

                                     

 
                             RULES FOR THE
                    COMMITTEE ON FINANCIAL SERVICES

                     U.S. HOUSE OF REPRESENTATIVES

                     ONE HUNDRED ELEVENTH CONGRESS

                             FIRST SESSION

[GRAPHIC] [TIFF OMITTED] TONGRESS.#13


                             February 2009
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111th Congress 
 1st Session                COMMITTEE PRINT                   Committee
                                                            Print 111-A
_______________________________________________________________________

                                     


                             RULES FOR THE

                    COMMITTEE ON FINANCIAL SERVICES

                     U.S. HOUSE OF REPRESENTATIVES

                     ONE HUNDRED ELEVENTH CONGRESS

                             FIRST SESSION

[GRAPHIC] [TIFF OMITTED] TONGRESS.#13


                             February 2009

                 HOUSE COMMITTEE ON FINANCIAL SERVICES

                 BARNEY FRANK, Massachusetts, Chairman
PAUL E. KANJORSKI, Pennsylvania      SPENCER BACHUS, Alabama
MAXINE WATERS, California            MICHAEL N. CASTLE, Delaware
CAROLYN B. MALONEY, New York         PETER T. KING, New York
LUIS V. GUTIERREZ, Illinois          EDWARD R. ROYCE, California
NYDIA M. VELAZQUEZ, New York         FRANK D. LUCAS, Oklahoma
MELVIN L. WATT, North Carolina       RON PAUL, Texas
GARY L. ACKERMAN, New York           DONALD A. MANZULLO, Illinois
BRAD SHERMAN, California             WALTER B. JONES, Jr., North 
GREGORY W. MEEKS, New York               Carolina
DENNIS MOORE, Kansas                 JUDY BIGGERT, Illinois
MICHAEL E. CAPUANO, Massachusetts    GARY G. MILLER, California
RUBEN HINOJOSA, Texas                SHELLEY MOORE CAPITO, West 
WM. LACY CLAY, Missouri                  Virginia
CAROLYN McCARTHY, New York           JEB HENSARLING, Texas
JOE BACA, California                 SCOTT GARRETT, New Jersey
STEPHEN F. LYNCH, Massachusetts      J. GRESHAM BARRETT, South Carolina
BRAD MILLER, North Carolina          JIM GERLACH, Pennsylvania
DAVID SCOTT, Georgia                 RANDY NEUGEBAUER, Texas
AL GREEN, Texas                      TOM PRICE, Georgia
EMANUEL CLEAVER, Missouri            PATRICK T. McHENRY, North Carolina
MELISSA L. BEAN, Illinois            JOHN CAMPBELL, California
GWEN MOORE, Wisconsin                ADAM PUTNAM, Florida
PAUL W. HODES, New Hampshire         MICHELE BACHMANN, Minnesota
KEITH ELLISON, Minnesota             KENNY MARCHANT, Texas
RON KLEIN, Florida                   THADDEUS McCOTTER, Michigan
CHARLES WILSON, Ohio                 KEVIN McCARTHY, California
ED PERLMUTTER, Colorado              BILL POSEY, Florida
JOE DONNELLY, Indiana                LYNN JENKINS, Kansas
BILL FOSTER, Illinois                CHRISTOPHER LEE, New York
ANDRE CARSON, Indiana                ERIC PAULSEN, Minnesota
JACKIE SPEIER, California            LEONARD LANCE, New Jersey
TRAVIS CHILDERS, Mississippi
WALT MINNICK, Idaho
JOHN ADLER, New Jersey
MARY JO KILROY, Ohio
STEVE DRIEHAUS, Ohio
SUZANNE KOSMAS, Florida
ALAN GRAYSON, Florida
JIM HIMES, Connecticut
GARY PETERS, Michigan
DAN MAFFEI, New York

        Jeanne M. Roslanowick, Staff Director and Chief Counsel


                            C O N T E N T S

                               __________
                                                                   Page
RulesRule 1--General Provisions..................................
1Rule 2--Meetings......................................................
1Rule 3--Meeting and Hearing Procedures................................
2Rule 4--Procedures for Reporting Measures or Matters..................
7Rule 5--Subcommittees.................................................
7Rule 6--Staff.........................................................
12Rule 7--Budget and Travel............................................
12Rule 8--Committee Administration.....................................
                                                                     13

AppendicesAppendix 1--Applicable Provisions of House Rules.......
15Appendix 2--Chairs Policy Regarding Postponed Votes..................
                                                                     29
                       RULES OF THE COMMITTEE ON

                           FINANCIAL SERVICES

                     U.S. House of Representatives

                             111th Congress

                             First Session

                              ----------                              


                                 Rule 1

                           General Provisions

    (a) The rules of the House are the rules of the Committee 
on Financial Services (hereinafter in these rules referred to 
as the ''Committee'') and its subcommittees so far as 
applicable, except that a motion to recess from day to day, and 
a motion to dispense with the first reading (in full) of a bill 
or resolution, if printed copies are available, are privileged 
motions in the Committee and shall be considered without 
debate. A proposed investigative or oversight report shall be 
considered as read if it has been available to the members of 
the Committee for at least 24 hours (excluding Saturdays, 
Sundays, or legal holidays except when the House is in session 
on such day).
    (b) Each subcommittee is a part of the Committee, and is 
subject to the authority and direction of the Committee and to 
its rules so far as applicable.
    (c) The provisions of clause 2 of rule XI of the Rules of 
the House are incorporated by reference as the rules of the 
Committee to the extent applicable.

                                 Rule 2

                                Meetings

                          Calling of Meetings

    (a)(1) The Committee shall regularly meet on the first 
Tuesday of each month when the House is in session.
          (2) A regular meeting of the Committee may be 
        dispensed with if, in the judgment of the Chairman of 
        the Committee (hereinafter in these rules referred to 
        as the ''Chair''), there is no need for the meeting.
          (3) Additional regular meetings and hearings of the 
        Committee may be called by the Chair, in accordance 
        with clause 2(g)(3) of rule XI of the rules of the 
        House.
          (4) Special meetings shall be called and convened by 
        the Chair as provided in clause 2(c)(2) of rule XI of 
        the Rules of the House.

                          Notice for Meetings

    (b)(1) The Chair shall notify each member of the Committee 
of the agenda of each regular meeting of the Committee at least 
two calendar days before the time of the meeting.
          (2) The Chair shall provide to each member of the 
        Committee, at least two calendar days before the time 
        of each regular meeting for each measure or matter on 
        the agenda a copy of--
                  (A) the measure or materials relating to the 
                matter in question; and
                  (B) an explanation of the measure or matter 
                to be considered, which, in the case of an 
                explanation of a bill, resolution, or similar 
                measure, shall include a summary of the major 
                provisions of the legislation, an explanation 
                of the relationship of the measure to present 
                law, and a summary of the need for the 
                legislation.
          (3) The agenda and materials required under this 
        subsection shall be provided to each member of the 
        Committee at least three calendar days before the time 
        of the meeting where the measure or matter to be 
        considered was not approved for full Committee 
        consideration by a subcommittee of jurisdiction.
          (4) The provisions of this subsection may be waived 
        by a two-thirds vote of the Committee, or by the Chair 
        with the concurrence of the ranking minority member.

                                 Rule 3

                     Meeting and Hearing Procedures

                               In General

    (a)(1) Meetings and hearings of the Committee shall be 
called to order and presided over by the Chair or, in the 
Chair's absence, by the member designated by the Chair as the 
Vice Chair of the Committee, or by the ranking majority member 
of the Committee present as Acting Chair.
          (2) Meetings and hearings of the committee shall be 
        open to the public unless closed in accordance with 
        clause 2(g) of rule XI of the Rules of the House.
          (3) Any meeting or hearing of the Committee that is 
        open to the public shall be open to coverage by 
        television broadcast, radio broadcast, and still 
        photography in accordance with the provisions of clause 
        4 of rule XI of the Rules of the House (which are 
        incorporated by reference as part of these rules). 
        Operation and use of any Committee operated broadcast 
        system shall be fair and nonpartisan and in accordance 
        with clause 4(b) of rule XI and all other applicable 
        rules of the Committee and the House.
          (4) Opening statements by members at the beginning of 
        any hearing or meeting of the Committee shall be 
        limited to 5 minutes each for the Chair or ranking 
        minority member, or their respective designee, and 3 
        minutes each for all other members.
          (5) No person, other than a Member of Congress, 
        Committee staff, or an employee of a Member when that 
        Member has an amendment under consideration, may stand 
        in or be seated at the rostrum area of the Committee 
        rooms unless the Chair determines otherwise.

                                 Quorum

    (b)(1) For the purpose of taking testimony and receiving 
evidence, two members of the Committee shall constitute a 
quorum.
          (2) A majority of the members of the Committee shall 
        constitute a quorum for the purposes of reporting any 
        measure or matter, of authorizing a subpoena, of 
        closing a meeting or hearing pursuant to clause 2(g) of 
        rule XI of the rules of the House (except as provided 
        in clause 2(g)(2)(A) and (B)) or of releasing executive 
        session material pursuant to clause 2(k)(7) of rule XI 
        of the rules of the House.
          (3) For the purpose of taking any action other than 
        those specified in paragraph (2) one-third of the 
        members of the Committee shall constitute a quorum.

                                 Voting

    (c)(1) No vote may be conducted on any measure or matter 
pending before the Committee unless the requisite number of 
members of the Committee is actually present for such purpose.
          (2) A record vote of the Committee shall be provided 
        on any question before the Committee upon the request 
        of one-fifth of the members present.
          (3) No vote by any member of the Committee on any 
        measure or matter may be cast by proxy.
          (4) In addition to any other requirement of these 
        rules or the Rules of the House, the Chair shall make 
        the record of the votes on any question on which a 
        record vote is demanded available on the Committee's 
        Web site not later than 2 business days after such vote 
        is taken. Such record shall include a description of 
        the amendment, motion, order, or other proposition, the 
        name of each member voting for and each member voting 
        against such amendment, motion, order, or proposition, 
        and the names of those members of the committee present 
        but not voting.
          (5) In accordance with clause 2(e)(1)(B) of rule XI, 
        a record of the vote of each member of the Committee on 
        each record vote on any measure or matter before the 
        Committee shall be available for public inspection at 
        the offices of the Committee, and, with respect to any 
        record vote on any motion to report or on any 
        amendment, shall be included in the report of the 
        Committee showing the total number of votes cast for 
        and against and the names of those members voting for 
        and against.
          (6) Postponed record votes.--(A) Subject to 
        subparagraph (B), the Chairman may postpone further 
        proceedings when a record vote is ordered on the 
        question of approving any measure or matter or adopting 
        an amendment. The Chairman may resume proceedings on a 
        postponed request at any time, but no later than the 
        next meeting day.
          (B) In exercising postponement authority under 
        subparagraph (A), the Chairman shall take all 
        reasonable steps necessary to notify members on the 
        resumption of proceedings on any postponed record vote.
          (C) When proceedings resume on a postponed question, 
        notwithstanding any intervening order for the previous 
        question, an underlying proposition shall remain 
        subject to further debate or amendment to the same 
        extent as when the question was postponed.

                           Hearing Procedures

    (d)(1)(A) The Chair shall make public announcement of the 
date, place, and subject matter of any committee hearing at 
least one week before the commencement of the hearing, unless 
the Chair, with the concurrence of the ranking minority member, 
or the Committee by majority vote with a quorum present for the 
transaction of business, determines there is good cause to 
begin the hearing sooner, in which case the Chair shall make 
the announcement at the earliest possible date.
                  (B) Not less than three days before the 
                commencement of a hearing announced under this 
                paragraph, the Chair shall provide to the 
                members of the Committee a concise summary of 
                the subject of the hearing, or, in the case of 
                a hearing on a measure or matter, a copy of the 
                measure or materials relating to the matter in 
                question and a concise explanation of the 
                measure or matter to be considered. At the same 
                time the Chair provides the information 
                required by the preceding sentence, the Chair 
                shall also provide to the members of the 
                Committee a final list consisting of the names 
                of each witness who is to appear before the 
                Committee at that hearing. The witness list may 
                not be modified within 24 hours of a hearing, 
                unless the Chair, with the concurrence of the 
                ranking minority member, determines there is 
                good cause for such modification.
          (2) To the greatest extent practicable--
                  (A) each witness who is to appear before the 
                Committee shall file with the Committee two 
                business days in advance of the appearance 
                sufficient copies (including a copy in 
                electronic form), as determined by the Chair, 
                of a written statement of proposed testimony 
                and shall limit the oral presentation to the 
                Committee to brief summary thereof; and
                  (B) each witness appearing in a non-
                governmental capacity shall include with the 
                written statement of proposed testimony a 
                curriculum vitae and a disclosure of the amount 
                and source (by agency and program) of any 
                Federal grant (or subgrant thereof) or contract 
                (or subcontract thereof) received during the 
                current fiscal year or either of the two 
                preceding fiscal years.
          (3) The requirements of paragraph (2)(A) may be 
        modified or waived by the Chair when the Chair 
        determines it to be in the best interest of the 
        Committee.
          (4) The five-minute rule shall be observed in the 
        interrogation of witnesses before the Committee until 
        each member of the Committee has had an opportunity to 
        question the witnesses. No member shall be recognized 
        for a second period of 5 minutes to interrogate 
        witnesses until each member of the Committee present 
        has been recognized once for that purpose.
          (5) Whenever any hearing is conducted by the 
        Committee on any measure or matter, the minority party 
        members of the Committee shall be entitled, upon the 
        request of a majority of them before the completion of 
        the hearing, to call witnesses with respect to that 
        measure or matter during at least one day of hearing 
        thereon.

                          Subpoenas and Oaths

    (e)(1) Pursuant to clause 2(m) of rule XI of the Rules of 
the House, a subpoena may be authorized and issued by the 
Committee or a subcommittee in the conduct of any investigation 
or series of investigations or activities, only when authorized 
by a majority of the members voting, a majority being present, 
or pursuant to paragraph (2).
          (2) The Chair, with the concurrence of the ranking 
        minority member, may authorize and issue subpoenas 
        under such clause during any period for which the House 
        has adjourned for a period in excess of 3 days when, in 
        the opinion of the Chair, authorization and issuance of 
        the subpoena is necessary to obtain the material or 
        testimony set forth in the subpoena. The Chair shall 
        report to the members of the Committee on the 
        authorization and issuance of a subpoena during the 
        recess period as soon as practicable, but in no event 
        later than one week after service of such subpoena.
          (3) Authorized subpoenas shall be signed by the Chair 
        or by any member designated by the Committee, and may 
        be served by any person designated by the Chair or such 
        member.
          (4) The Chair, or any member of the Committee 
        designated by the Chair, may administer oaths to 
        witnesses before the Committee.

                           Special Procedures

    (f)(1)(A) Commemorative medals and coins.--It shall not be 
in order for the Subcommittee on Domestic Monetary Policy and 
Technology to hold a hearing on any commemorative medal or 
commemorative coin legislation unless the legislation is 
cosponsored by at least two-thirds of the members of the House.
          (B) It shall not be in order for the subcommittee to 
        approve a bill or measure authorizing commemorative 
        coins for consideration by the full Committee which 
        does not conform with the mintage restrictions 
        established by section 5112 of title 31, United States 
        Code.
          (C) In considering legislation authorizing 
        Congressional gold medals, the subcommittee shall apply 
        the following standards--
                  (i) the recipient shall be a natural person;
                  (ii) the recipient shall have performed an 
                achievement that has an impact on American 
                history and culture that is likely to be 
                recognized as a major achievement in the 
                recipient's field long after the achievement;
                  (iii) the recipient shall not have received a 
                medal previously for the same or substantially 
                the same achievement;
                  (iv) the recipient shall be living or, if 
                deceased, shall have been deceased for not less 
                than 5 years and not more than 25 years;
                  (v) the achievements were performed in the 
                recipient's field of endeavor, and represent 
                either a lifetime of continuous superior 
                achievements or a single achievement so 
                significant that the recipient is recognized 
                and acclaimed by others in the same field, as 
                evidenced by the recipient having received the 
                highest honors in the field.
    (2) Testimony of certain officials.--
          (A) Notwithstanding subsection (a)(4), when the Chair 
        announces a hearing of the Committee for the purpose of 
        receiving--
                  (i) testimony from the Chairman of the 
                Federal Reserve Board pursuant to section 2B of 
                the Federal Reserve Act (12 U.S.C. 221 et 
                seq.), or
                  (ii) testimony from the Chairman of the 
                Federal Reserve Board or a member of the 
                President's cabinet at the invitation of the 
                Chair, the Chair may, in consultation with the 
                ranking minority member, limit the number and 
                duration of opening statements to be delivered 
                at such hearing. The limitation shall be 
                included in the announcement made pursuant to 
                subsection (d)(1)(A), and shall provide that 
                the opening statements of all members of the 
                Committee shall be made a part of the hearing 
                record.
          (B) Notwithstanding subsection (a)(4), at any hearing 
        of the Committee for the purpose of receiving testimony 
        (other than testimony described in clause (i) or (ii) 
        of subparagraph (A)), the Chair may, after consultation 
        with the ranking minority member, limit the duration of 
        opening statements to ten minutes, to be divided 
        between the Chair and Chair of the pertinent 
        subcommittee, or the Chair's designees, and ten 
        minutes, to be controlled by the ranking minority 
        member, or the ranking minority member's designees. 
        Following such time, the duration for opening 
        statements may be extended by agreement between the 
        Chairman and ranking minority member, to be divided at 
        the discretion of the Chair or ranking minority member. 
        The Chair shall provide that the opening statements for 
        all members of the Committee shall be made a part of 
        the hearing record.
          (C) At any hearing of a subcommittee, the Chair of 
        the subcommittee may, in consultation with the ranking 
        minority member of the subcommittee, limit the duration 
        of opening statements to ten minutes, to be divided 
        between the majority and minority. Following such time, 
        the duration for opening statements may be extended by 
        either the Chair of the subcommittee or ranking 
        minority member of the subcommittee for an additional 
        ten minutes each, to be divided at the discretion of 
        the Chair of the subcommittee or ranking minority 
        member of the subcommittee. The Chair of the 
        subcommittee shall ensure that opening statements for 
        all members be made part of the hearing record.
          (D) If the Chair and ranking minority member acting 
        jointly determine that extraordinary circumstances 
        exist necessitating allowing members to make opening 
        statements, subparagraphs (B) or (C), as the case may 
        be, shall not apply to such hearing.

                                 Rule 4

              Procedures for Reporting Measures or Matters

    (a) No measure or matter shall be reported from the 
Committee unless a majority of the Committee is actually 
present.
    (b) The Chair of the Committee shall report or cause to be 
reported promptly to the House any measure approved by the 
Committee and take necessary steps to bring a matter to a vote.
    (c) The report of the Committee on a measure which has been 
approved by the Committee shall be filed within seven calendar 
days (exclusive of days on which the House is not in session) 
after the day on which there has been filed with the clerk of 
the Committee a written request, signed by a majority of the 
members of the Committee, for the reporting of that measure 
pursuant to the provisions of clause 2(b)(2) of rule XIII of 
the Rules of the House.
    (d) All reports printed by the Committee pursuant to a 
legislative study or investigation and not approved by a 
majority vote of the Committee shall contain the following 
disclaimer on the cover of such report: ``This report has not 
been officially adopted by the Committee on Financial Services 
and may not necessarily reflect the views of its Members.''
    (e) The Chair is directed to offer a motion under clause 1 
of rule XXII of the Rules of the House whenever the Chair 
considers it appropriate.

                                 Rule 5

                             Subcommittees

          Establishment and Responsibilities of Subcommittees

    (a)(1) There shall be 6 subcommittees of the Committee as 
follows:
          (A) Subcommittee on capital markets, insurance, and 
        government sponsored enterprises.--The jurisdiction of 
        the Subcommittee on Capital Markets, Insurance, and 
        Government Sponsored Enterprises includes--
                  (i) securities, exchanges, and finance;
                  (ii) capital markets activities, including 
                business capital formation and venture capital;
                  (iii) activities involving futures, forwards, 
                options, and other types of derivative 
                instruments;
                  (iv) the Securities and Exchange Commission;
                  (v) secondary market organizations for home 
                mortgages, including the Federal National 
                Mortgage Association, the Federal Home Loan 
                Mortgage Corporation, and the Federal 
                Agricultural Mortgage Corporation;
                  (vi) the Office of Federal Housing Enterprise 
                Oversight;
                  (vii) the Federal Home Loan Banks;
                  (viii) the Federal Housing Finance Board;
                  (ix) terrorism risk insurance; and
                  (x) insurance generally.
          (B) Subcommittee on domestic monetary policy and 
        technology.--The jurisdiction of the Subcommittee on 
        Domestic Monetary Policy and Technology includes--
                  (i) financial aid to all sectors and elements 
                within the economy;
                  (ii) economic growth and stabilization;
                  (iii) defense production matters as contained 
                in the Defense Production Act of 1950, as 
                amended;
                  (iv) domestic monetary policy, and agencies 
                which directly or indirectly affect domestic 
                monetary policy, including the effect of such 
                policy and other financial actions on interest 
                rates, the allocation of credit, and the 
                structure and functioning of domestic financial 
                institutions;
                  (v) coins, coinage, currency, and medals, 
                including commemorative coins and medals, proof 
                and mint sets and other special coins, the 
                Coinage Act of 1965, gold and silver, including 
                the coinage thereof (but not the par value of 
                gold), gold medals, counterfeiting, currency 
                denominations and design, the distribution of 
                coins, and the operations of the Bureau of the 
                Mint and the Bureau of Engraving and Printing;
                  (vi) development of new or alternative forms 
                of currency.
          (C) Subcommittee on financial institutions and 
        consumer credit.--The jurisdiction of the Subcommittee 
        on Financial Institutions and Consumer Credit 
        includes--
                  (i) all agencies, including the Office of the 
                Comptroller of the Currency, the Federal 
                Deposit Insurance Corporation, the Board of 
                Governors of the Federal Reserve System and the 
                Federal Reserve System, the Office of Thrift 
                Supervision, and the National Credit Union 
                Administration, which directly or indirectly 
                exercise supervisory or regulatory authority in 
                connection with, or provide deposit insurance 
                for, financial institutions, and the 
                establishment of interest rate ceilings on 
                deposits;
                  (ii) the chartering, branching, merger, 
                acquisition, consolidation, or conversion of 
                financial institutions;
                  (iii) consumer credit, including the 
                provision of consumer credit by insurance 
                companies, and further including those matters 
                in the Consumer Credit Protection Act dealing 
                with truth in lending, extortionate credit 
                transactions, restrictions on garnishments, 
                fair credit reporting and the use of credit 
                information by credit bureaus and credit 
                providers, equal credit opportunity, debt 
                collection practices, and electronic funds 
                transfers;
                  (iv) creditor remedies and debtor defenses, 
                Federal aspects of the Uniform Consumer Credit 
                Code, credit and debit cards, and the 
                preemption of State usury laws;
                  (v) consumer access to financial services, 
                including the Home Mortgage Disclosure Act and 
                the Community Reinvestment Act;
                  (vi) the terms and rules of disclosure of 
                financial services, including the 
                advertisement, promotion and pricing of 
                financial services, and availability of 
                government check cashing services;
                  (vii) deposit insurance; and
                  (viii) consumer access to savings accounts 
                and checking accounts in financial 
                institutions, including lifeline banking and 
                other consumer accounts.
          (D) Subcommittee on housing and community 
        opportunity.--The jurisdiction of the Subcommittee on 
        Housing and Community Opportunity includes--
                  (i) housing (except programs administered by 
                the Department of Veterans Affairs), including 
                mortgage and loan insurance pursuant to the 
                National Housing Act; rural housing; housing 
                and homeless assistance programs; all 
                activities of the Government National Mortgage 
                Association; private mortgage insurance; 
                housing construction and design and safety 
                standards; housing-related energy conservation; 
                housing research and demonstration programs; 
                financial and technical assistance for 
                nonprofit housing sponsors; housing counseling 
                and technical assistance; regulation of the 
                housing industry (including landlord/tenant 
                relations); and real estate lending including 
                regulation of settlement procedures;
                  (ii) community development and community and 
                neighborhood planning, training and research; 
                national urban growth policies; urban/rural 
                research and technologies; and regulation of 
                interstate land sales;
                  (iii) government sponsored insurance 
                programs, including those offering protection 
                against crime, fire, flood (and related land 
                use controls), earthquake and other natural 
                hazards, but not including terrorism risk 
                insurance; and
                  (iv) the qualifications for and designation 
                of Empowerment Zones and Enterprise Communities 
                (other than matters relating to tax benefits).
          (E) Subcommittee on international monetary policy and 
        trade.--The jurisdiction of the Subcommittee on 
        International Monetary Policy and Trade includes--
                  (i) multilateral development lending 
                institutions, including activities of the 
                National Advisory Council on International 
                Monetary and Financial Policies as related 
                thereto, and monetary and financial 
                developments as they relate to the activities 
                and objectives of such institutions;
                  (ii) international trade, including but not 
                limited to the activities of the Export-Import 
                Bank;
                  (iii) the International Monetary Fund, its 
                permanent and temporary agencies, and all 
                matters related thereto; and
                  (iv) international investment policies, both 
                as they relate to United States investments for 
                trade purposes by citizens of the United States 
                and investments made by all foreign entities in 
                the United States.
          (F) Subcommittee on oversight and investigations.--
        The jurisdiction of the Subcommittee on Oversight and 
        Investigations includes--
                  (i) the oversight of all agencies, 
                departments, programs, and matters within the 
                jurisdiction of the Committee, including the 
                development of recommendations with regard to 
                the necessity or desirability of enacting, 
                changing, or repealing any legislation within 
                the jurisdiction of the Committee, and for 
                conducting investigations within such 
                jurisdiction; and
                  (ii) research and analysis regarding matters 
                within the jurisdiction of the Committee, 
                including the impact or probable impact of tax 
                policies affecting matters within the 
                jurisdiction of the Committee.
          (2) In addition, each such subcommittee shall have 
        specific responsibility for such other measures or 
        matters as the Chair refers to it.
          (3) Each subcommittee of the Committee shall review 
        and study, on a continuing basis, the application, 
        administration, execution, and effectiveness of those 
        laws, or parts of laws, the subject matter of which is 
        within its general responsibility.

           Referral of Measures and Matters to Subcommittees

    (b)(1) The Chair shall regularly refer to one or more 
subcommittees such measures and matters as the Chair deems 
appropriate given its jurisdiction and responsibilities. In 
making such a referral, the Chair may designate a subcommittee 
of primary jurisdiction and subcommittees of additional or 
sequential jurisdiction.
          (2) All other measures or matters shall be subject to 
        consideration by the full Committee.
          (3) In referring any measure or matter to a 
        subcommittee, the Chair may specify a date by which the 
        subcommittee shall report thereon to the Committee.
          (4) The Committee by motion may discharge a 
        subcommittee from consideration of any measure or 
        matter referred to a subcommittee of the Committee.

                      Composition of Subcommittees

    (c)(1) Members shall be elected to each subcommittee and to 
the positions of chair and ranking minority member thereof, in 
accordance with the rules of the respective party caucuses. The 
Chair of the Committee shall designate a member of the majority 
party on each subcommittee as its vice chair.
          (2) The Chair and ranking minority member of the 
        Committee shall be ex officio members with voting 
        privileges of each subcommittee of which they are not 
        assigned as members and may be counted for purposes of 
        establishing a quorum in such subcommittees.
          (3) The subcommittees shall be comprised as follows:
                  (A) The Subcommittee on Capital Markets, 
                Insurance, and Government Sponsored Enterprises 
                shall be comprised of 50 members, 30 elected by 
                the majority caucus and 20 elected by the 
                minority caucus.
                  (B) The Subcommittee on Domestic Monetary 
                Policy and Technology shall be comprised of 17 
                members, 10 elected by the majority caucus and 
                7 elected by the minority caucus.
                  (C) The Subcommittee on Financial 
                Institutions and Consumer Credit shall be 
                comprised of 45 members, 27 elected by the 
                majority caucus and 18 elected by the mi- 
                nority caucus.
                  (D) The Subcommittee on Housing and Community 
                Op- portunity shall be comprised of 25 members, 
                15 elected by the majority caucus and 10 
                elected by the minority caucus.
                  (E) The Subcommittee on International 
                Monetary Policy and Trade shall be comprised of 
                15 members, 9 elected by the majority caucus 
                and 6 elected by the minority caucus.
                  (F) The Subcommittee on Oversight and 
                Investigations shall be comprised of 15 
                members, 9 elected by the majority caucus and 6 
                elected by the minority caucus.

                   Subcommittee Meetings and Hearings

    (d)(1) Each subcommittee of the Committee is authorized to 
meet, hold hearings, receive testimony, mark up legislation, 
and re- port to the full Committee on any measure or matter 
referred to it, consistent with subsection (a).
          (2) No subcommittee of the Committee may meet or hold 
        a hearing at the same time as a meeting or hearing of 
        the Com- mittee.
          (3) The chair of each subcommittee shall set hearing 
        and meeting dates only with the approval of the Chair 
        with a view toward assuring the availability of meeting 
        rooms and avoiding simultaneous scheduling of Committee 
        and subcommittee meetings or hearings.

                          Effect of a Vacancy

    (e) Any vacancy in the membership of a subcommittee shall 
not affect the power of the remaining members to execute the 
functions of the subcommittee as long as the required quorum is 
present.

                                Records

    (f) Each subcommittee of the Committee shall provide the 
full Committee with copies of such records of votes taken in 
the sub- committee and such other records with respect to the 
subcommittee as the Chair deems necessary for the Committee to 
comply with all rules and regulations of the House.

                                 Rule 6


                                 Staff


                               In General

    (a)(1) Except as provided in paragraph (2), the 
professional and other staff of the Committee shall be 
appointed, and may be re- moved by the Chair, and shall work 
under the general supervision and direction of the Chair.
          (2) All professional and other staff provided to the 
        minority party members of the Committee shall be 
        appointed, and may be removed, by the ranking minority 
        member of the Com- mittee, and shall work under the 
        general supervision and di- rection of such member.
          (3) It is intended that the skills and experience of 
        all mem- bers of the Committee staff be available to 
        all members of the Committee.

                           Subcommittee Staff

    (b) From funds made available for the appointment of staff, 
the Chair of the Committee shall, pursuant to clause 6(d) of 
rule X of the Rules of the House, ensure that sufficient staff 
is made avail- able so that each subcommittee can carry out its 
responsibilities under the rules of the Committee and that the 
minority party is treated fairly in the appointment of such 
staff.

                         Compensation of Staff

    (c)(1) Except as provided in paragraph (2), the Chair shall 
fix the compensation of all professional and other staff of the 
Committee.
          (2) The ranking minority member shall fix the 
        compensation of all professional and other staff 
        provided to the minority party members of the 
        Committee.

                                 Rule 7


                           Budget and Travel


                                 Budget

    (a)(1) The Chair, in consultation with other members of the 
Com- mittee, shall prepare for each Congress a budget providing 
amounts for staff, necessary travel, investigation, and other 
ex- penses of the Committee and its subcommittees.
          (2) From the amount provided to the Committee in the 
        pri- mary expense resolution adopted by the House of 
        Representa- tives, the Chair, after consultation with 
        the ranking minority member, shall designate an amount 
        to be under the direction of the ranking minority 
        member for the compensation of the minority staff, 
        travel expenses of minority members and staff, and 
        minority office expenses. All expenses of minority mem- 
        bers and staff shall be paid for out of the amount so 
        set aside.

                                 Travel

    (b)(1) The Chair may authorize travel for any member and 
any staff member of the Committee in connection with activities 
or sub- ject matters under the general jurisdiction of the 
Committee. Be- fore such authorization is granted, there shall 
be submitted to the Chair in writing the following:
                  (A) The purpose of the travel.
                  (B) The dates during which the travel is to 
                occur.
                  (C) The names of the States or countries to 
                be visited and the length of time to be spent 
                in each.
                  (D) The names of members and staff of the 
                Committee for whom the authorization is sought.
          (2) Members and staff of the Committee shall make a 
        writ- ten report to the Chair on any travel they have 
        conducted under this subsection, including a 
        description of their itinerary, expenses, and 
        activities, and of pertinent information gained as a 
        result of such travel.
          (3) Members and staff of the Committee performing 
        author- ized travel on official business shall be 
        governed by applicable laws, resolutions, and 
        regulations of the House and of the Committee on House 
        Administration.

                                 Rule 8


                        Committee Administration


                                Records

    (a)(1) There shall be a transcript made of each regular 
meeting and hearing of the Committee, and the transcript may be 
printed if the Chair decides it is appropriate or if a majority 
of the mem- bers of the Committee requests such printing. Any 
such transcripts shall be a substantially verbatim account of 
remarks actually made during the proceedings, subject only to 
technical, grammatical, and typographical corrections 
authorized by the person making the re- marks. Nothing in this 
paragraph shall be construed to require that all such 
transcripts be subject to correction and publication.
          (2) The Committee shall keep a record of all actions 
        of the Committee and of its subcommittees. The record 
        shall contain all information required by clause 
        2(e)(1) of rule XI of the Rules of the House and shall 
        be available for public inspection at reasonable times 
        in the offices of the Committee.
          (3) All Committee hearings, records, data, charts, 
        and files shall be kept separate and distinct from the 
        congressional of- fice records of the Chair, shall be 
        the property of the House, and all Members of the House 
        shall have access thereto as pro- vided in clause 
        2(e)(2) of rule XI of the Rules of the House.
          (4) The records of the Committee at the National 
        Archives and Records Administration shall be made 
        available for public use in accordance with rule VII of 
        the Rules of the House of Representatives. The Chair 
        shall notify the ranking minority member of any 
        decision, pursuant to clause 3(b)(3) or clause 4(b) of 
        the rule, to withhold a record otherwise available, and 
        the matter shall be presented to the Committee for a 
        determination on written request of any member of the 
        Committee.

                 Committee Publications on the Internet

    (b) To the maximum extent feasible, the Committee shall 
make its publications available in electronic form.
                               APPENDIX 1

 Applicable Provisions of Clauses 1, 2, and 4 of Rule XI and Clauses 2 
and 3 of Rule XIII of the Rules of the House of Representatives for the 
                             111th Congress

                            January 6, 2009

       Rule XI: Procedures of Committees and Unfinished Business

             Clauses 1 and 2: Rules for Standing Committees

In general
    1. (a)(1)(A) The Rules of the House are the rules of its 
committees and subcommittees so far as applicable.
          (B) Each subcommittee is a part of its committee and 
        is subject to the authority and direction of that 
        committee and to its rules, so far as applicable.
    (2)(A) In a committee or subcommittee--
                  (i) a motion to recess from day to day, or to 
                recess subject to the call of the Chair (within 
                24 hours), shall be privilege; and
                  (ii) a motion to dispense with the first 
                reading (in full) of a bill or resolution shall 
                be privileged if printed copies are available.
          (B) A motion accorded privilege under this 
        subparagraph shall be decided without debate.
    (b)(1) Each committee may conduct at any time such 
investigation and studies as it considers necessary or 
appropriate in the exercise of its responsibilities under rule 
X. Subject to the adoption of expense resolutions as required 
by clause 6 of rule X, each committee may incur expenses, 
including travel expenses, in connection with such 
investigations and studies.
          (2) A proposed investigative or oversight report 
        shall be considered as read in committee if it has been 
        available to the members for at least 24 hours 
        (excluding Saturdays, Sundays, or legal holidays except 
        when the House is in session on such a day).
          (3) A report of an investigation or study conducted 
        jointly by more than one committee may be filed 
        jointly, provided that each of the committees complies 
        independently with all requirements for approval and 
        filing of the report.
          (4) After an adjournment sine die of the last regular 
        session of a Congress, an investigative or oversight 
        report may be filed with the Clerk at any time, 
        provided that a member who gives timely notice of 
        intention to file supplemental, minority, or additional 
        views shall be entitled to not less than seven calendar 
        days in which to submit such views for inclusion in the 
        report.
    (c) Each committee may have printed and bound such 
testimony and other data as may be presented at hearings held 
by the committee or its subcommittees. All costs of 
stenographic services and transcripts in connection with a 
meeting or hearing of a committee shall be paid from the 
applicable accounts of the House described in clause 1(i)(1) of 
rule X.
    (d)(1) Each committee shall submit to the House not later 
than January 2 of each odd-numbered year a report on the 
activities of that committee under this rule and rule X during 
the Congress ending at noon on January 3 of such year.
          (2) Such report shall include separate sections 
        summarizing the legislative and oversight activities of 
        that committee during that Congress.
          (3) The oversight section of such report shall 
        include a summary of the oversight plans submitted by 
        the committee under clause 2(d) of rule X, a summary of 
        the actions taken and recommendations made with respect 
        to each such plan, a summary of any additional 
        oversight activities undertaken by that committee, and 
        any recommendations made or actions taken thereon. That 
        section shall also delineate any hearings held pursuant 
        to clauses 2(n), (o), or (p) of this rule.
          (4) After an adjournment sine die of the last regular 
        session of a Congress, the chairman of a committee may 
        file an activities report under subparagraph (1) with 
        the Clerk at any time and without approval of the 
        committee, provided that--
                  (A) a copy of the report has been available 
                to each member of the committee for at least 
                seven calendar days; and
                  (B) the report includes any supplemental, 
                minority, or additional views submitted by a 
                member of the committee.
Adoption of written rules
    2. (a)(1) Each standing committee shall adopt written rules 
governing its procedure. Such rules--
                  (A) shall be adopted in a meeting that is 
                open to the public unless the committee, in 
                open session and with a quorum present, 
                determines by record vote that all or part of 
                the meeting on that day shall be closed to the 
                public;
                  (B) may not be inconsistent with the Rules of 
                the House or with those provisions of law 
                having the force and effect of Rules of the 
                House; and
                  (C) shall in any event incorporate all of the 
                succeeding provisions of this clause to the 
                extent applicable.
          (2) Each committee shall submit its rules for 
        publication in the Congressional Record not later than 
        30 days after the committee is elected in each odd-
        numbered year.
Regular meeting days
    (b) Each standing committee shall establish regular meeting 
days for the conduct of its business, which shall be not less 
frequent than monthly. Each such committee shall meet for the 
consider- consideration of a bill or resolution pending before 
the committee or the transaction of other committee business on 
all regular meeting days fixed by the committee unless 
otherwise provided by written rule adopted by the committee.
Additional and special meetings
    (c)(1) The chairman of each standing committee may call and 
convene, as the chair considers necessary, additional and 
special meetings of the committee for the consideration of a 
bill or resolution pending before the committee or for the 
conduct of other committee business, subject to such rules as 
the committee may adopt. The committee shall meet for such 
purpose under that call of the chairman.
                  (2) Three or more members of a standing 
                committee may file in the offices of the 
                committee a written request that the chairman 
                call a special meeting of the committee. Such 
                request shall specify the measure or matter to 
                be considered. Immediately upon the filing of 
                the request, the clerk of the committee shall 
                notify the chairman of the filing of the 
                request. If the chairman does not call the 
                requested special meeting within three calendar 
                days after the filing of the request (to be 
                held within seven calendar days after the 
                filing of the request) a majority of the 
                members of the committee may file in the 
                offices of the committee their written notice 
                that a special meeting of the committee will be 
                held. The written notice shall specify the date 
                and hour of the special meeting and the measure 
                or matter to be considered. The committee shall 
                meet on that date and hour. Immediately upon 
                the filing of the notice, the clerk of the 
                committee shall notify all members of the 
                committee that such special meeting will be 
                held and inform them of its date and hour and 
                the measure or matter to be considered. Only 
                the measure or matter specified in that notice 
                may be considered at that special meeting.
Temporary absence of chairman
    (d) A member of the majority party on each standing 
committee or subcommittee thereof shall be designated by the 
chairman of the full committee as the vice chairman of the 
committee or subcommittee, as the case may be, and shall 
preside during the absence of the chairman from any meeting. If 
the chairman and vice chairman of a committee or subcommittee 
are not present at any meeting of the committee or 
subcommittee, the ranking majority member who is present shall 
preside at that meeting.
Committee records
    (e)(1)(A) Each committee shall keep a complete record of 
all com- committee action which shall include--
                  (i) in the case of a meeting or hearing 
                transcript, a substantially verbatim account of 
                remarks actually made during the proceedings, 
                subject only to technical, grammatical, and 
                typographical corrections authorized by the 
                person making the remarks involved; and
                  (ii) a record of the votes on any question on 
                which a record vote is demanded.
          (B)(i) Except as provided in subdivision (B)(ii) and 
        subject to paragraph (k)(7), the result of each such 
        record vote shall be made available by the committee 
        for inspection by the public at reasonable times in its 
        offices. Information so available for public inspection 
        shall include a description of the amendment, motion, 
        order, or other proposition, the name of each member 
        voting for and each member voting against such 
        amendment, motion, order, or proposition, and the names 
        of those members of the committee present but not 
        voting.
                  (ii) The result of any record vote taken in 
                executive session in the Committee on Standards 
                of Official Conduct may not be made available 
                for inspection by the public without an 
                affirmative vote of a majority of the members 
                of the committee.
    (2)(A) Except as provided in subdivision (B), all committee 
hearings, records, data, charts, and files shall be kept 
separate and distinct from the congressional office records of 
the member serving as its chairman. Such records shall be the 
property of the House, and each Member, Delegate, and the 
Resident Commissioner shall have access thereto.
          (B) A Member, Delegate, or Resident Commissioner, 
        other than members of the Committee on Standards of 
        Official Conduct, may not have access to the records of 
        that committee respecting the conduct of a Member, 
        Delegate, Resident Commissioner, officer, or employee 
        of the House without the specific prior permission of 
        that committee.
    (3) Each committee shall include in its rules standards for 
availability of records of the committee delivered to the 
Archivist of the United States under rule VII. Such standards 
shall specify procedures for orders of the committee under 
clause 3(b)(3) and clause 4(b) of rule VII, including a 
requirement that nonavailability of a record for a period 
longer than the period otherwise applicable under that rule 
shall be approved by vote of the committee.
    (4) Each committee shall make its publications available in 
electronic form to the maximum extent feasible.

Prohibition against proxy voting

    (f) A vote by a member of a committee or subcommittee with 
respect to any measure or matter may not be cast by proxy.

Open meetings and hearings

    (g)(1) Each meeting for the transaction of business, 
including the markup of legislation, by a standing committee or 
subcommittee thereof (other than the Committee on Standards of 
Official Conduct or its subcommittees) shall be open to the 
public, including to radio, television, and still photography 
coverage, except when the committee or subcommittee, in open 
session and with a majority present, determines by record vote 
that all or part of the remainder of the meeting on that day 
shall be in executive session because disclosure of matters to 
be considered would endanger national security, would 
compromise sensitive law enforcement information, would tend to 
defame, degrade, or incriminate any person, or otherwise would 
violate a law or rule of the House. Persons, other than members 
of the committee and such noncommittee Members, Delegates, 
Resident Commissioner, congressional staff, or departmental 
representatives as the committee may authorize, may not be 
present at a business or markup session that is held in 
executive session. This subparagraph does not apply to open 
committee hearings, which are governed by clause 4(a)(1) of 
rule X or by subparagraph (2).
          (2)(A) Each hearing conducted by a committee or 
        subcommittee (other than the Committee on Standards of 
        Official Conduct or its subcommittees) shall be open to 
        the public, including to radio, television, and still 
        photography coverage, except when the committee or 
        subcommittee, in open session and with a majority 
        present, determines by record vote that all or part of 
        the remainder of that hearing on that day shall be 
        closed to the public because disclosure of testimony, 
        evidence, or other matters to be considered would 
        endanger national security, would compromise sensitive 
        law enforcement information, or would violate a law or 
        rule of the House.
                  (B) Notwithstanding the requirements of 
                subdivision (A), in the presence of the number 
                of members required under the rules of the 
                committee for the purpose of taking testimony, 
                a majority of those present may--
                          (i) agree to close the hearing for 
                        the sole purpose of discussing whether 
                        testimony or evidence to be received 
                        would endanger national security, would 
                        compromise sensitive law enforcement 
                        information, or would violate clause 
                        2(k)(5); or
                          (ii) agree to close the hearing as 
                        provided in clause 2(k)(5).
                  (C) A Member, Delegate, or Resident 
                Commissioner may not be excluded from 
                nonparticipatory attendance at a hearing of a 
                committee or subcommittee (other than the 
                Committee on Standards of Official Conduct or 
                its subcommittees) unless the House by majority 
                vote authorizes a particular committee or 
                subcommittee, for purposes of a particular 
                series of hearings on a particular article of 
                legislation or on a particular subject of 
                investigation, to close its hearings to 
                Members, Delegates, and the Resident 
                Commissioner by the same procedures specified 
                in this subparagraph for closing hearings to 
                the public.
                  (D) The committee or subcommittee may vote by 
                the same procedure described in this 
                subparagraph to close one subsequent day of 
                hearing, except that the Committee on 
                Appropriations, the Committee on Armed 
                Services, and the Permanent Select Committee on 
                Intelligence, and the subcommittees thereof, 
                may vote by the same procedure to close up to 
                five additional, consecutive days of hearings.
          (3) The chairman of each committee (other than the 
        Committee on Rules) shall make public announcement of 
        the date, place, and subject matter of a committee 
        hearing at least one week before the commencement of 
        the hearing. If the chairman of the committee, with the 
        concurrence of the ranking minority member, determines 
        that there is good cause to begin a hearing sooner, or 
        if the committee so determines by majority vote in the 
        presence of the number of members required under the 
        rules of the committee for the transaction of business, 
        the chairman shall make the announcement at the 
        earliest possible date. An announcement made under this 
        subparagraph shall be published promptly in the Daily 
        Digest and made available in electronic form.
          (4) Each committee shall, to the greatest extent 
        practicable, require witnesses who appear before it to 
        submit in advance written statements of proposed 
        testimony and to limit their initial presentations to 
        the committee to brief summaries thereof. In the case 
        of a witness appearing in a nongovernmental capacity, a 
        written statement of proposed testimony shall include a 
        curriculum vitae and a disclosure of the amount and 
        source (by agency and program) of each Federal grant 
        (or subgrant thereof) or contract (or subcontract 
        thereof) received during the current fiscal year or 
        either of the two previous fiscal years by the witness 
        or by an entity represented by the witness.
          (5)(A) Except as provided in subdivision (B), a point 
        of order does not lie with respect to a measure 
        reported by a committee on the ground that hearings on 
        such measure were not conducted in accordance with this 
        clause.
                  (B) A point of order on the ground described 
                in subdivision (A) may be made by a member of 
                the committee that reported the measure if such 
                point of order was timely made and improperly 
                disposed of in the committee.
          (6) This paragraph does not apply to hearings of the 
        Committee on Appropriations under clause 4(a)(1) of 
        rule X.

Quorum requirements

    (h)(1) A measure or recommendation may not be reported by a 
committee unless a majority of the committee is actually 
present.
          (2) Each committee may fix the number of its members 
        to constitute a quorum for taking testimony and 
        receiving evidence, which may not be less than two.
          (3) Each committee (other than the Committee on 
        Appropriations, the Committee on the Budget, and the 
        Committee on Ways and Means) may fix the number of its 
        members to constitute a quorum for taking any action 
        other than one for which the presence of a majority of 
        the committee is otherwise required, which may not be 
        less than one-third of the members.
          (4)(A) Each committee may adopt a rule authorizing 
        the chairman of a committee or subcommittee--
                          (i) to postpone further proceedings 
                        when a record vote is ordered on the 
                        question of approving a measure or 
                        matter or on adopting an amendment; and
                          (ii) to resume proceedings on a 
                        postponed question at any time after 
                        reasonable notice.
                  (B) A rule adopted pursuant to this 
                subparagraph shall provide that when 
                proceedings resume on a postponed question, 
                notwithstanding any intervening order for the 
                previous question, an underlying proposition 
                shall remain subject to further debate or 
                amendment to the same extent as when the 
                question was postponed.

Limitation on committee sittings

    (i) A committee may not sit during a joint session of the 
House and Senate or during a recess when a joint meeting of the 
House and Senate is in progress.

Calling and questioning of witnesses

    (j)(1) Whenever a hearing is conducted by a committee on a 
measure or matter, the minority members of the committee shall 
be entitled, upon request to the chairman by a majority of them 
before the completion of the hearing, to call witnesses 
selected by the minority to testify with respect to that 
measure or matter during at least one day of hearing thereon.
          (2)(A) Subject to subdivisions (B) and (C), each 
        committee shall apply the five-minute rule during the 
        questioning of witnesses in a hearing until such time 
        as each member of the committee who so desires has had 
        an opportunity to question each witness.
                  (B) A committee may adopt a rule or motion 
                permitting a specified number of its members to 
                question a witness for longer than five 
                minutes. The time for extended questioning of a 
                witness under this subdivision shall be equal 
                for the majority party and the minority party 
                and may not exceed one hour in the aggregate.
                  (C) A committee may adopt a rule or motion 
                permitting committee staff for its majority and 
                minority party members to question a witness 
                for equal specified periods. The time for 
                extended questioning of a witness under this 
                subdivision shall be equal for the majority 
                party and the minority party and may not exceed 
                one hour in the aggregate.

Hearing procedures

    (k)(1) The chairman at a hearing shall announce in an 
opening statement the subject of the hearing.
          (2) A copy of the committee rules and of this clause 
        shall be made available to each witness on request.
          (3) Witnesses at hearings may be accompanied by their 
        own counsel for the purpose of advising them concerning 
        their constitutional rights.
          (4) The chairman may punish breaches of order and 
        decorum, and of professional ethics on the part of 
        counsel, by censure and exclusion from the hearings; 
        and the committee may cite the offender to the House 
        for contempt.
          (5) Whenever it is asserted by a member of the 
        committee that the evidence or testimony at a hearing 
        may tend to defame, degrade, or incriminate any person, 
        or it is asserted by a witness that the evidence or 
        testimony that the witness would give at a hearing may 
        tend to defame, degrade, or incriminate the witness--
                  (A) notwithstanding paragraph (g)(2), such 
                testimony or evidence shall be presented in 
                executive session if, in the presence of the 
                number of members required under the rules of 
                the committee for the purpose of taking 
                testimony, the committee determines by vote of 
                a majority of those present that such evidence 
                or testimony may tend to defame, degrade, or 
                incriminate any person; and
                  (B) the committee shall proceed to receive 
                such testimony in open session only if the 
                committee, a majority being present, determines 
                that such evidence or testimony will not tend 
                to defame, degrade, or incriminate any person. 
                In either case the committee shall afford such 
                person an opportunity voluntarily to appear as 
                a witness, and receive and dispose of requests 
                from such person to subpoena additional 
                witnesses.
          (6) Except as provided in subparagraph (5), the 
        chairman shall receive and the committee shall dispose 
        of requests to subpoena additional witnesses.
          (7) Evidence or testimony taken in executive session, 
        and proceedings conducted in executive session, may be 
        released or used in public sessions only when 
        authorized by the committee, a majority being present.
          (8) In the discretion of the committee, witnesses may 
        submit brief and pertinent sworn statements in writing 
        for inclusion in the record. The committee is the sole 
        judge of the pertinence of testimony and evidence 
        adduced at its hearing.
          (9) A witness may obtain a transcript copy of the 
        testimony of such witness given at a public session or, 
        if given at an executive session, when authorized by 
        the committee.

Supplemental, minority, or additional views

    (l) If at the time of approval of a measure or matter by a 
committee (other than the Committee on Rules) a member of the 
committee gives notice of intention to file supplemental, 
minority, or additional views for inclusion in the report to 
the House thereon, that member shall be entitled to not less 
than two additional calendar days after the day of such notice 
(excluding Saturdays, Sundays, and legal holidays except when 
the House is in session on such a day) to file such views, in 
writing and signed by that member, with the clerk of the 
committee.

Power to sit and act; subpoena power

    (m)(1) For the purpose of carrying out any of its functions 
and duties under this rule and rule X (including any matters 
referred to it under clause 2 of rule XII), a committee or 
subcommittee is authorized (subject to subparagraph (3)(A))--
                  (A) to sit and act at such times and places 
                within the United States, whether the House is 
                in session, has recessed, or has adjourned, and 
                to hold such hearings as it considers 
                necessary; and
                  (B) to require, by subpoena or otherwise, the 
                attendance and testimony of such witnesses and 
                the production of such books, records, 
                correspondence, memoranda, papers, and 
                documents as it considers necessary.
          (2) The chairman of the committee, or a member 
        designated by the chairman, may administer oaths to 
        witnesses.
          (3)(A)(i) Except as provided in subdivision (A)(ii), 
        a subpoena may be authorized and issued by a committee 
        or subcommittee under subparagraph (1)(B) in the 
        conduct of an investigation or series of investigations 
        or activities only when authorized by the committee or 
        subcommittee, a majority being present. The power to 
        authorize and issue subpoenas under subparagraph (1)(B) 
        may be delegated to the chairman of the committee under 
        such rules and under such limitations as the committee 
        may prescribe. Authorized subpoenas shall be signed by 
        the chairman of the committee or by a member designated 
        by the committee.
                          (ii) In the case of a subcommittee of 
                        the Committee on Standards of Official 
                        Conduct, a subpoena may be authorized 
                        and issued only by an affirmative vote 
                        of a majority of its members.
                  (B) A subpoena duces tecum may specify terms 
                of return other than at a meeting or hearing of 
                the committee or subcommittee authorizing the 
                subpoena.
                  (C) Compliance with a subpoena issued by a 
                committee or subcommittee under subparagraph 
                (1)(B) may be enforced only as authorized or 
                directed by the House.
    (n)(1) Each standing committee, or a subcommittee thereof, 
shall hold at least one hearing during each 120-day period 
following the establishment of the committee on the topic of 
waste, fraud, abuse, or mismanagement in Government programs 
which that committee may authorize.
          (2) A hearing described in subparagraph (1) shall 
        include a focus on the most egregious instances of 
        waste, fraud, abuse, or mismanagement as documented by 
        any report the committee has received from a Federal 
        Office of the Inspector General or the Comptroller 
        General of the United States.
    (o) Each committee, or a subcommittee thereof, shall hold 
at least one hearing in any session in which the committee has 
received disclaimers of agency financial statements from 
auditors of any Federal agency that the committee may authorize 
to hear testimony on such disclaimers from representatives of 
any such agency.
    (p) Each standing committee, or a subcommittee thereof, 
shall hold at least one hearing on issues raised by reports 
issued by the Comptroller General of the United States 
indicating that Federal programs or operations that the 
committee may authorize are at high risk for waste, fraud, and 
mismanagement, known as the `high-risk list' or the `high-risk 
series.'

      Clause 4: Audio and visual coverage of committee proceedings

    4. (a) The purpose of this clause is to provide a means, in 
conformity with acceptable standards of dignity, propriety, and 
decorum, by which committee hearings or committee meetings that 
are open to the public may be covered by audio and visual 
means--
          (1) for the education, enlightenment, and information 
        of the general public, on the basis of accurate and 
        impartial news coverage, regarding the operations, 
        procedures, and practices of the House as a legislative 
        and representative body, and regarding the measures, 
        public issues, and other matters before the House and 
        its committees, the consideration thereof, and the 
        action taken thereon; and
          (2) for the development of the perspective and 
        understanding of the general public with respect to the 
        role and function of the House under the Constitution 
        as an institution of the Federal Government.
    (b) In addition, it is the intent of this clause that radio 
and television tapes and television film of any coverage under 
this clause may not be used, or made available for use, as 
partisan political campaign material to promote or oppose the 
candidacy of any person for elective public office.
    (c) It is, further, the intent of this clause that the 
general conduct of each meeting (whether of a hearing or 
otherwise) covered under authority of this clause by audio or 
visual means, and the personal behavior of the committee 
members and staff, other Government officials and personnel, 
witnesses, television, radio, and press media personnel, and 
the general public at the hearing or other meeting, shall be in 
strict conformity with and observance of the acceptable 
standards of dignity, propriety, courtesy, and decorum 
traditionally observed by the House in its operations, and may 
not be such as to--
          (1) distort the objects and purposes of the hearing 
        or other meeting or the activities of committee members 
        in connection with that hearing or meeting or in 
        connection with the general work of the committee or of 
        the House; or
          (2) cast discredit or dishonor on the House, the 
        committee, or a Member, Delegate, or Resident 
        Commissioner or bring the House, the committee, or a 
        Member, Delegate, or Resident Commissioner into 
        disrepute.
    (d) The coverage of committee hearings and meetings by 
audio and visual means shall be permitted and conducted only in 
strict conformity with the purposes, provisions, and 
requirements of this clause.
    (e) Whenever a hearing or meeting conducted by a committee 
or subcommittee is open to the public, those proceedings shall 
be open to coverage by audio and visual means. A committee or 
subcommittee chairman may not limit the number of television or 
still cameras to fewer than two representatives from each 
medium (except for legitimate space or safety considerations, 
in which case pool coverage shall be authorized).
    (f) Each committee shall adopt written rules to govern its 
implementation of this clause. Such rules shall contain 
provisions to the following effect:
          (1) If audio or visual coverage of the hearing or 
        meeting is to be presented to the public as live 
        coverage, that coverage shall be conducted and 
        presented without commercial sponsorship.
          (2) The allocation among the television media of the 
        positions or the number of television cameras permitted 
        by a committee or subcommittee chairman in a hearing or 
        meeting room shall be in accordance with fair and 
        equitable procedures devised by the Executive Committee 
        of the Radio and Television Correspondents' Galleries.
          (3) Television cameras shall be placed so as not to 
        obstruct in any way the space between a witness giving 
        evidence or testimony and any member of the committee 
        or the visibility of that witness and that member to 
        each other.
          (4) Television cameras shall operate from fixed 
        positions but may not be placed in positions that 
        obstruct unnecessarily the coverage of the hearing or 
        meeting by the other media.
          (5) Equipment necessary for coverage by the 
        television and radio media may not be installed in, or 
        removed from, the hearing or meeting room while the 
        committee is in session.
          (6)(A) Except as provided in subdivision (B), 
        floodlights, spotlights, strobelights, and flashguns 
        may not be used in providing any method of coverage of 
        the hearing or meeting.
                  (B) The television media may install 
                additional lighting in a hearing or meeting 
                room, without cost to the Government, in order 
                to raise the ambient lighting level in a 
                hearing or meeting room to the lowest level 
                necessary to provide adequate television 
                coverage of a hearing or meeting at the current 
                state of the art of television coverage.
          (7) In the allocation of the number of still 
        photographers permitted by a committee or subcommittee 
        chairman in a hearing or meeting room, preference shall 
        be given to photographers from Associated Press Photos 
        and United Press International Newspictures. If 
        requests are made by more of the media than will be 
        permitted by a committee or subcommittee chairman for 
        coverage of a hearing or meeting by still photography, 
        that coverage shall be permitted on the basis of a fair 
        and equitable pool arrangement devised by the Standing 
        Committee of Press Photographers.
          (8) Photographers may not position themselves between 
        the witness table and the members of the committee at 
        any time during the course of a hearing or meeting.
          (9) Photographers may not place themselves in 
        positions that obstruct unnecessarily the coverage of 
        the hearing by the other media.
          (10) Personnel providing coverage by the television 
        and radio media shall be currently accredited to the 
        Radio and Television Correspondents' Galleries.
          (11) Personnel providing coverage by still 
        photography shall be currently accredited to the Press 
        Photographers' Gallery.
          (12) Personnel providing coverage by the television 
        and radio media and by still photography shall conduct 
        themselves and their coverage activities in an orderly 
        and unobtrusive manner.

               RULE XIII: CALENDARS AND COMMITTEE REPORTS


                Clause 2: Filing and printing of reports

    2. (a)(1) Except as provided in subparagraph (2), all 
reports of committees (other than those filed from the floor) 
shall be delivered to the Clerk for printing and reference to 
the proper calendar under the direction of the Speaker in 
accordance with clause 1. The title or subject of each report 
shall be entered on the Journal and printed in the 
Congressional Record.
          (2) A bill or resolution reported adversely (other 
        than those filed as privileged) shall be laid on the 
        table unless a committee to which the bill or 
        resolution was referred requests at the time of the 
        report its referral to an appropriate calendar under 
        clause 1 or unless, within three days thereafter, a 
        Member, Delegate, or Resident Commissioner makes such a 
        request.
    (b)(1) It shall be the duty of the chairman of each 
committee to report or cause to be reported promptly to the 
House a measure or matter approved by the committee and to take 
or cause to be taken steps necessary to bring the measure or 
matter to a vote.
          (2) In any event, the report of a committee on a 
        measure that has been approved by the committee shall 
        be filed within seven calendar days (exclusive of days 
        on which the House is not in session) after the day on 
        which a written request for the filing of the report, 
        signed by a majority of the members of the committee, 
        has been filed with the clerk of the committee. The 
        clerk of the committee shall immediately notify the 
        chairman of the filing of such a request. This 
        subparagraph does not apply to a report of the 
        Committee on Rules with respect to a rule, joint rule, 
        or order of business of the House, or to the reporting 
        of a resolution of inquiry addressed to the head of an 
        executive department.
    (c) All supplemental, minority, or additional views filed 
under clause 2(l) of rule XI by one or more members of a 
committee shall be included in, and shall be a part of, the 
report filed by the committee with respect to a measure or 
matter. When time guaranteed by clause 2(l) of rule XI has 
expired (or, if sooner, when all separate views have been 
received), the committee may arrange to file its report with 
the Clerk not later than one hour after the expiration of such 
time. This clause and provisions of clause 2(l) of rule XI do 
not preclude the immediate filing or printing of a committee 
report in the absence of a timely request for the opportunity 
to file supplemental, minority, or additional views as provided 
in clause 2(l) of rule XI.

                      Clause 3: Content of reports

    3. (a)(1) Except as provided in subparagraph (2), the 
report of a committee on a measure or matter shall be printed 
in a single volume that--
                  (A) shall include all supplemental, minority, 
                or additional views that have been submitted by 
                the time of the filing of the report; and
                  (B) shall bear on its cover a recital that 
                any such supplemental, minority, or additional 
                views (and any material submitted under 
                paragraph (c)(3) or (4)) are included as part 
                of the report.
          (2) A committee may file a supplemental report for 
        the correction of a technical error in its previous 
        report on a measure or matter. A supplemental report 
        only correcting errors in the depiction of record votes 
        under paragraph (b) may be filed under this 
        subparagraph and shall not be subject to the 
        requirement in clause 4 concerning the availability of 
        reports.
    (b) With respect to each record vote on a motion to report 
a measure or matter of a public nature, and on any amendment 
offered to the measure or matter, the total number of votes 
cast for and against, and the names of members voting for and 
against, shall be included in the committee report. The 
preceding sentence does not apply to votes taken in executive 
session by the Committee on Standards of Official Conduct.
    (c) The report of a committee on a measure that has been 
approved by the committee shall include, separately set out and 
clearly identified, the following:
          (1) Oversight findings and recommendations under 
        clause 2(b)(1) of rule X.
          (2) The statement required by section 308(a) of the 
        Congressional Budget Act of 1974, except that an 
        estimate of new budget authority shall include, when 
        practicable, a comparison of the total estimated 
        funding level for the relevant programs to the 
        appropriate levels under current law.
          (3) An estimate and comparison prepared by the 
        Director of the Congressional Budget Office under 
        section 402 of the Congressional Budget Act of 1974 if 
        timely submitted to the committee before the filing of 
        the report.
          (4) A statement of general performance goals and 
        objectives, including outcome-related goals and 
        objectives, for which the measure authorizes funding.
    (d) Each report of a committee on a public bill or public 
joint resolution shall contain the following:
          (1) A statement citing the specific powers granted to 
        Congress in the Constitution to enact the law proposed 
        by the bill or joint resolution.
          (2)(A) An estimate by the committee of the costs that 
        would be incurred in carrying out the bill or joint 
        resolution in the fiscal year in which it is reported 
        and in each of the five fiscal years following that 
        fiscal year (or for the authorized duration of any 
        program authorized by the bill or joint resolution if 
        less than five years);
                  (B) a comparison of the estimate of costs 
                described in subdivision (A) made by the 
                committee with any estimate of such costs made 
                by a Government agency and submitted to such 
                committee; and
                  (C) when practicable, a comparison of the 
                total estimated funding level for the relevant 
                programs with the appropriate levels under 
                current law.
          (3)(A) In subparagraph (2) the term ''Government 
        agency'' includes any department, agency, 
        establishment, wholly owned Government corporation, or 
        instrumentality of the Federal Government or the 
        government of the District of Columbia.
                  (B) Subparagraph (2) does not apply to the 
                Committee on Appropriations, the Committee on 
                House Administration, the Committee on Rules, 
                or the Committee on Standards of Official 
                Conduct, and does not apply when a cost 
                estimate and comparison prepared by the 
                Director of the Congressional Budget Office 
                under section 402 of the Congressional Budget 
                Act of 1974 has been included in the report 
                under paragraph (c)(3).
    (e)(1) Whenever a committee reports a bill or joint 
resolution proposing to repeal or amend a statute or part 
thereof, it shall include in its report or in an accompanying 
document--
                  (A) the text of a statute or part thereof 
                that is proposed to be repealed; and
                  (B) a comparative print of any part of the 
                bill or joint resolution proposing to amend the 
                statute and of the statute or part thereof 
                proposed to be amended, showing by appropriate 
                typographical devices the omissions and 
                insertions proposed.
          (2) If a committee reports a bill or joint resolution 
        proposing to repeal or amend a statute or part thereof 
        with a recommendation that the bill or joint resolution 
        be amended, the comparative print required by 
        subparagraph (1) shall reflect the changes in existing 
        law proposed to be made by the bill or joint resolution 
        as proposed to be amended.
                               APPENDIX 2

                Chair's Policy Regarding Postponed Votes

                            January 27, 2009

    Rule 3(c)(5) of the Rules of the Committee on Financial 
Services for the 111th Congress (adopted pursuant to clause 
2(h)(4) of rule XI of the Rules of the House of Representatives 
for the 111th Congress) authorizes the Chairman to postpone 
ordered record votes on the question of approving any measure 
or matter or adopting an amendment under certain circumstances. 
The Committee rule further provides that the Chairman may 
resume proceedings on a postponed vote at any time, but not 
later than the next meeting day.
    The following policy was first announced by the Chair at 
the Committee's organizational meeting on February 5, 2003 and 
circulated to the Members of the Committee in a memorandum 
dated February 11, 2003. The policy has been continued since 
that time and is reprinted here for easy reference.
                              ----------                              


                               In General

    Members are advised that this policy applies equally to 
meetings of the full Committee and subcommittees, and will be 
printed in the Committee's rules pamphlet. The Chair has 
consulted with the ranking minority member in the formulation 
of this policy and will continue to consult with him regarding 
its application.
    As announced at the Committee's organizational meeting, the 
purpose of this rule is to improve the efficiency of the 
Committee's meetings, and will not be used to advantage or 
disadvantage any member seeking to offer an amendment. In order 
to ensure that the Chair can effectively administer the rule 
and provide for orderly markups, it is essential that Members 
inform the Chair of their intention to offer a particular 
amendment as soon as possible. The Chair cannot protect Members 
if he does not know of their amendment.
    Members are further advised that the Chair intends for this 
rule to be used sparingly, in cases where the Committee faces a 
long markup on a series of bills or amendments. It does not 
substitute for the active attendance and participation of 
Members in Committee meetings.

                             In Particular

    1. In the application of the rule, the Chair will consult 
regularly with the ranking minority member regarding the 
postponement of votes, including the decision on whether to 
postpone a particular vote and on when proceedings will resume.
    2. A record vote on an amendment will not be postponed if 
doing so would prejudice a member with regard to the offering 
of another amendment.
    3. The Chair will make every reasonable effort to group the 
consideration of amendments and the resumption of proceedings 
on postponed votes so as to permit the offering of all known 
amendments.
    4. No more than 6 record votes will be postponed before the 
resumption of proceedings on the series, except with the 
specific agreement of the ranking minority member.
    5. When proceedings resume on postponed record votes, the 
first vote in any series (or in the case of a single postponed 
vote, that vote), will remain open for 15 minutes, or until all 
members of the Committee or subcommittee are recorded. 
Subsequent votes in a series will not be held open.
    6. The Chair will make every reasonable effort to notify 
members regarding the resumption of proceedings on postponed 
record votes, both prior to and at the time that proceedings 
resume on any postponed record vote, which includes 
notification through electronic means.
    7. Members are strongly encouraged to attend all committee 
meetings. However, if members cannot attend the Committee 
meeting, they are advised to monitor the proceedings through 
the Committee broadcasts on the House cable system or the 
Committee's webcast, and to have staff present at the meeting.
    The Chair believes that this policy will result in the fair 
application of the rule, the protection of Members' rights to 
offer amendments, and an improvement in the efficiency of 
Committee meetings.

                                  
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