[Congressional Record Volume 140, Number 30 (Thursday, March 17, 1994)]
[Daily Digest]
[Page D]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: March 17, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                                           Thursday, March 17, 1994

                              Daily Digest


HIGHLIGHTS

      Senate passed Community Development Banking and Financial 
      Institutions Act.


                                 Senate


Chamber Action
Routine Proceedings, pages S3095-S3284
Measures Introduced: Eleven bills and two resolutions were introduced, 
as follows: S. 1942-1952, and S.J. Res. 173 and 174.

                                                             Page S3208

Measures Reported: Reports were made as follows:
  S. 1512, to amend title 38, United States Code, to require the 
establishment in the Department of Veterans' Affairs of mental illness 
research, education, and clinical centers, with an amendment in the 
nature of a substitute. (S. Rept. No. 103-237)

                                                             Page S3208

Measures Passed:
  Community Development Banking and Financial Institutions Act: 
Committee on Banking, Housing, and Urban Affairs was discharged from 
further consideration of H.R. 3474, to reduce administrative 
requirements for insured depository institutions to the extent 
consistent with safe and sound banking practices, and to facilitate the 
establishment of community development financial institutions, and the 
bill was then passed, after striking all after the enacting clause and 
inserting in lieu thereof the text of S. 1275, Senate companion 
measure, after agreeing to a committee amendment in the nature of a 
substitute, as amended, and after taking action on the following 
amendments proposed thereto:

                    Pages S3117-27, S3132-35, S3155-61, S3162, S3163-80

Adopted:
  (1) Riegle/D'Amato Amendment No. 1525, to provide for fair trade in 
financial services.

                                                         Pages S3118-22

  (2) Roth/D'Amato Amendment No. 1533 (to Amendment No. 1525), to 
encourage foreign countries to accord national treatment to United 
States insurers and reinsurers that operate or seek to operate in those 
countries.

                                                         Pages S3119-21

  (3) D'Amato (for Gramm) Amendment No. 1534 (to Amendment No. 1525), 
to provide an exception for countries that are parties to certain 
agreements governing financial services.

                                                             Page S3121

  (4) Riegle (for Mack) Amendment No. 1535 (to Amendment No. 1525), to 
provide for a report from the Federal Reserve on the Foreign Bank 
Supervision Enhancement Act of 1991.

                                                             Page S3122

  (5) Riegle/D'Amato Amendment No. 1536, to clarify that the autonomy 
of the Director of the Office of Thrift Supervision and of the 
Comptroller of the Currency extends to agency rulemaking proceedings 
and enforcement actions.

                                                             Page S3122

  (6) Brown (for Moynihan/Brown) Modified Amendment No. 1538, to 
express the sense of the Congress concerning United Nations resolutions 
on Jerusalem.

                                           Pages S3162, S3163, S3165-66

  (7) Riegle/D'Amato Amendment No. 1539, to provide an exemption for 
transactions in small business related securities by employee benefit 
plans.

                                                             Page S3164

  (8) Riegle/D'Amato Amendment No. 1540, to grant the Federal Reserve 
Board authority to bring lawsuits.

                                                             Page S3164

  (9) Kerry/Mack/Bond/D'Amato Modified Amendment No. 1541, to 
strengthen the National Flood Insurance Program and to reduce the risk 
to the flood insurance fund by increasing compliance, providing 
incentives for community floodplain management, and providing for 
mitigation assistance.

                                               Pages S3164-65, S3166-68

  (10) Riegle (for Dole) Amendment No. 1542, to require the Federal 
banking agencies to perform a survey to determine public awareness of 
Federal banking laws.

                                                             Page S3169

  (11) Riegle (for Dorgan) Amendment No. 1543, to modify a provision 
related to selection of institutions for assistance.

                                                             Page S3169

  (12) Riegle (for Dole) Amendment No. 1544, to offset the costs of 
certain programs in order to fund the bill.

                                                             Page S3170

  (13) D'Amato (for Craig) Amendment No. 1545, to establish simplified 
disclosure for existing depositors.

                                                         Pages S3170-71

  (14) Riegle (for Bryan) Amendment No. 1546, to include securities 
backed by commercial real estate in the definition of a mortgage backed 
security.

                                                         Pages S3171-73

  (15) By a unanimous vote of 98 yeas (Vote No. 62), Mitchell/Dole 
Amendment No. 1547, to express the sense of the Senate that Congress 
has a constitutional obligation to conduct oversight of matters 
relating to the operations of the government.

                                               Pages S3125-27, S3176-78

  (16) Metzenbaum Amendment No. 1548, to express the sense of the 
Senate that no insurer shall enter into a transfer agreement or 
transfer a contract of insurance pursuant to a transfer agreement 
unless the transferring insurer has first provided or caused to be 
provided to each policyholder of the insurer affected by the agreement 
a notice of the intent of the insurer to transfer the contract of 
insurance held by such policyholder.

                                                         Pages S3178-79

Withdrawn:
  Kerry Amendment No. 1537, to strengthen the National Flood Insurance 
Program and to reduce risk to the flood insurance fund by increasing 
compliance, providing incentives for community floodplain management, 
and providing for mitigation assistance.

                                                             Page S3164

  During consideration of this measure today, Senate took the following 
action:
  By unanimous-consent agreement, Amendment No. 1527, to authorize the 
minting of coins to commemorate the 1995 Special Olympics World Games, 
agreed to on Wednesday, March 16, was modified.

                                                             Page S3121

  Senate insisted on its amendment, requested a conference with the 
House thereon, and the Chair was authorized to appoint conferees on the 
part of the Senate.

                                                             Page S3179

  Subsequently, S. 1275 was indefinitely postponed.

                                                             Page S3179

  Small Family Farm Week: Committee on the Judiciary was discharged 
from further consideration of S.J. Res. 171, to designate March 20 
through March 26, 1994, as ``Small Family Farm Week'', and the 
resolution was then passed.

                                                             Page S3282

  National Historical Publications and Records Commission 
Authorization: Committee on Governmental Affairs was discharged from 
further consideration of H.R. 2139, to authorize appropriations for the 
National Historical Publications and Records Commission for fiscal 
years 1994, 1995, 1996, and 1997, and the bill was then passed, after 
agreeing to an amendment proposed thereto, as follows:

                                                             Page S3282

  Ford (for Lieberman) Amendment No. 1549, in the nature of a 
substitute.

                                                             Page S3282

  Subsequently, S. 314, Senate companion measure, was indefinitely 
postponed.

                                                             Page S3282

National Public Safety Telecommunications Week: Senate concurred in the 
amendments of the House to S.J. Res. 56, to designate the week 
beginning April 11, 1994, as ``National Public Safety 
Telecommunications Week'', clearing the measure for the President.

                                                             Page S3283

Lobbyists--Gifts/Disclosure--Agreement: A unanimous-consent agreement 
was reached providing for consideration of S. 1935, to prohibit 
lobbyists and their clients from providing to legislative branch 
officials certain gifts, meals, entertainment, reimbursements, or loans 
and to place limits on and require disclosure by lobbyists of certain 
expenditures.

                                                             Page S3171

Park Service/Concessions Policy--Agreement: A unanimous-consent 
agreement was reached providing for the consideration of S. 208, to 
reform the concessions policies of the National Park Service, on 
Monday, March 21.

                                                             Page S3283

Authority for a Committee: The Committee on the Budget was authorized 
to file a report on the proposed Congressional Budget Resolution on 
Friday, March 18, from 3 p.m. until 6 p.m., during the recess of the 
Senate.

                                                             Page S3283

Nominations Confirmed: Senate confirmed the following nominations:
  Robert M. Walker, of West Virginia, to be an Assistant Secretary of 
the Army.
  1 Army nomination in the rank of a Senior Member of the Military 
Staff of the United Nations.
  1 Army nomination in the rank of general.
  18 Marine Corps nominations in the rank of general.
  36 Navy nominations in the rank of admiral.
  Routine lists in the Air Force, Army, Marine Corps, Navy.

                                               Pages S3281-82, S3283-84

Nominations Received: Senate received the following nominations:
  Gilbert F. Decker, of California, to be an Assistant Secretary of the 
Army.
  Jeffrey K. Harris, of New Jersey, to be an Assistant Secretary of the 
Air Force.

                                                             Page S3283

Messages From the President:
                                                        Page S3208
Messages From the House:
                                                        Page S3206
Communications:
                                                    Pages S3206-07
Executive Reports of Committees:
                                                    Pages S3207-08
Statements on Introduced Bills:
                                                    Pages S3208-56
Additional Cosponsors:
                                                    Pages S3256-57
Amendments Submitted:
                                                    Pages S3257-79
Authority for Committees:
                                                        Page S3279
Additional Statements:
                                                        Page S3279
Text of H.R. 820 as Previously Passed:

                                                             Page S3282

Record Votes: One record vote was taken today. (Total--62)

                                                             Page S3178

Recess: Senate convened at 9 a.m., and recessed at 10:16 p.m., until 10 
a.m., on Monday, March 21, 1994. (For Senate's program, see the remarks 
of the Acting Majority Leader in today's Record on page S3283.)