[Congressional Record Volume 141, Number 106 (Tuesday, June 27, 1995)]
[Daily Digest]
[Pages D791-D792]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                                            Tuesday, June 27, 1995 

[[Page D 791]]


                              Daily Digest

                                 Senate


Chamber Action
Routine Proceedings, pages S9109-S9198
Measures Introduced: Seven bills and one resolution were introduced, as 
follows: S. 968-974, and S. Res. 142.
  Page S9174
Measures Passed:
   Congratulating the New Jersey Devils: Senate agreed to S. Res. 142, 
to congratulate the N.J. Devils for becoming the 1995 NHL champions and 
thus winning the Stanley Cup.
  Pages S9174, S9182
Private Securities Litigation Reform Act: Senate continued 
consideration of S. 240, to amend the Securities Exchange Act of 1934 
to establish a filing deadline and to provide certain safeguards to 
ensure that the interests of investors are well protected under the 
implied private action provisions of the Act, with a committee 
amendment in the nature of a substitute, taking action on further 
amendments proposed thereto, as follows:
  Pages S9109-45, S9150-73
Adopted:
  (1) D'Amato Modified Amendment No. 1476, of a perfecting nature.
Page S9117
  (2) Biden Amendment No. 1481, to make applicable the criminal Rico 
statutes if any participant in fraud is criminally convicted.
Page S9163
  (3) Bingaman/Bryan Amendment No. 1482, to clarify the application of 
sanctions under rule 11 of the Federal Rules of Civil Procedure in 
private securities litigation.
Pages S9163-64
Rejected:
  (1) By 39 yeas to 60 nays, 1 responding present (Vote No. 286), Bryan 
Amendment No. 1474, to restore the liability of aiders and abetters in 
private actions.
Pages S9109-12, S9115-16
  (2) By 41 yeas to 58 nays, 1 responding present (Vote No. 287), 
Boxer/Bingaman Amendment No. 1475, to establish procedures governing 
the appointment of lead plaintiffs in private securities class actions.
Pages S9112-17
  (3) By 43 yeas to 56 nays, 1 responding present (Vote No. 288), 
Sarbanes/Lautenberg Amendment No. 1477, to require the Securities and 
Exchange Commission to review the regulatory ``safe harbor'' for 
forward looking statements.
Pages S9117-31
  (4) Sarbanes Amendment No. 1478, to establish that an exemption from 
liability is lost for forward looking statements made when knowingly 
misleading or false. By 50 yeas to 48 nays, 1 responding present (Vote 
No. 289), Senate tabled the amendment.
Pages S9133-45
  (5) By 32 yeas to 61 nays, 1 responding present (Vote No. 290), 
Graham Amendment No. 1479, to provide for an early evaluation procedure 
in securities class actions.
Pages S9150-56, S9162
Pending:
  (1) Boxer Amendment No. 1480, to exclude insider traders who benefit 
from false or misleading forward looking statements from safe harbor 
protection.
Pages S9156-63
  (2) Specter Amendment No. 1483, to provide for sanctions for abuse 
litigation.
Pages S9164-70
  (3) Specter Amendment No. 1484, to provide for a stay of discovery in 
certain circumstances.
Page S9170
  (4) Specter Amendment No. 1485, to clarify the standard plaintiffs 
must meet in specifying the defendant's state of mind in private 
securities litigation.
Pages S9170-73
  A unanimous-consent agreement was reached providing for further 
consideration of the bill and the pending amendments proposed thereto, 
with votes to occur thereon, on Wednesday, June 28, 1995.
Page S9163
Nominations Received: Senate received the following nominations:
  Todd J. Campbell, of Tennessee, to be United States District Judge 
for the Middle District of Tennessee.
  James M. Moody, of Arkansas, to be United States District Judge for 
the Eastern District of Arkansas.
  Evan J. Wallach, of Nevada, to be a Judge of the United States Court 
of International Trade.
  Alberto J. Mora, of Florida, to be a Member of the Broadcasting Board 
of Governors for a term of two years.
Page S9198
Communications:
  Page S9174
Statements on Introduced Bills:
  Pages S9174-81 

[[Page D 792]]

Additional Cosponsors:
  Pages S9181-82
Amendments Submitted:
  Pages S9182-85
Notices of Hearings:
  Page S9185
Authority for Committees:
  Page S9186
Additional Statements:
  Pages S9186-95
Record Votes: Five record votes were taken today. (Total-290)
  Pages S9116-17, S9130-31, S9144-45, S9162
Recess: Senate convened at 9:15 a.m., and recessed at 9:38 p.m., until 
8:40 a.m., on Wednesday, June 28, 1995. (For Senate's program, see the 
remarks of the Acting Majority Leader in today's Record on page S9195.)