[Congressional Record Volume 141, Number 141 (Tuesday, September 12, 1995)]
[Daily Digest]
[Pages D1077-D1079]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                        House of Representatives


Chamber Action
Bills Introduced: Twenty-one public bills, H.R. 2297-2317 and four 
resolutions, and H. Res. 217-220 were introduced.
  Pages H8805-86
Reports Filed: Reports were filed as follows:
  H. Res. 218, providing for consideration of H.R. 1162, to establish a 
Deficit Reduction Trust Fund and provide for the downward adjustment of 
discretionary spending limits in appropriation bills (H. Rept. 104-
243); and
  H. Res. 219, providing for the consideration of H.R. 1670, to revise 
and streamline the acquisition laws of the Federal Government, and to 
reorganize the mechanisms for resolving Federal procurement disputes 
(H. Rept. 104-244).
Page H8805
Speaker Pro Tempore: Read a letter from the Speaker wherein he 
designates Representative Shays to act as Speaker pro tempore for 
today.
  Page H8727
Recess: House recessed at 10:44 a.m. and reconvened at noon.
  Pages H8728-29

[[Page D 1078]]

Committee Election: House agreed to H. Res. 217, electing 
Representative Tauzin to the Committee on Commerce, to rank following 
Representative Moorhead, and to the Committee on Resources, to rank 
following Representative Young of Alaska.
  Page H8733
  Earlier, read a letter from the Chairman of the Democratic Caucus 
wherein he stated that Representative Tauzin was no longer a member of 
the Democratic Caucus; and read letters from the Speaker wherein he 
advised the Chairman of the Committees on Commerce and Resources that 
Representative Tauzin's previous election to those committees had been 
vacated.
Page H8733
Presidential Message--Budget Deferral: Read a message from the 
President wherein he reports one revised deferral of budgetary 
resources totaling $1.2 billion and affecting the International 
Security Assistance program--referred to the Committee on 
Appropriations and ordered printed (H. Doc. 104-114).
  Page H8733
Committees To Sit: The following committees and their subcommittees 
received permission to sit today during proceedings of the House under 
the 5-minute rule: Committees on Commerce, Government Reform and 
Oversight, the Judiciary, Resources, Science, and Select Intelligence.
  Page H8733
Small Business Credit Efficiency: By a recorded vote of 405 ayes, Roll 
No. 653, the House voted to suspend the rules and pass H.R. 2150, to 
amend the Small Business Act and the Small Business Investment Act of 
1958 to reduce the cost to the Federal Government of guaranteeing 
certain loans and debentures.
  Pages H8733-37, H8776
  Subsequently, S. 895, a similar Senate-passed bill, was passed in 
lieu after being amended to contain the language of the House bill as 
passed. Agreed to amend the title of the Senate bill. H.R. 2150 was 
laid on the table.
Pages H8776-77
  House then insisted on its amendments to S. 895, and asked a 
conference. Appointed as conferees: Representatives Meyers of Kansas, 
Torkildsen, Longley, LaFalce, and Poshard.
Page H8777
Pension Protection: By a recorded vote of 239 ayes to 179 noes, Roll 
No. 652, the House passed H.R. 1594, to place restrictions on the 
promotion by the Department of Labor and other Federal agencies and 
instrumentalities of economically targeted investments in connection 
with employee benefit plans.
  Pages H8740-76
  Agreed to the committee amendment in the nature of a substitute.
Page H8775
  Agreed to the Traficant amendment that provides that nothing in the 
bill is intended to affect the ability of the Department of Labor to 
issue advisory opinions, information letters, technical releases, 
prohibited transactions, exemptions, or other pronouncements 
interpreting and applying ERISA's fiduciary responsibility rules to 
particular factual situations, or exempting specific transactions from 
the prohibited transaction provisions of ERISA.
Page H8767
Rejected:
  The Gene Green of Texas amendment that sought to clarify that nothing 
in the bill could be construed as prohibiting private pension plans 
from investing in domestic investments, as distinguished from foreign 
investments (rejected by a recorded vote of 192 ayes to 217 noes, Roll 
No. 649);
Pages H8756-63
  The Payne of New Jersey amendment that sought to provide that nothing 
in the bill could be construed as prohibiting the investment by an 
employee benefit plan in infrastructure improvements;
Pages H8763-64
  The Hinchey amendment that sought to provide that nothing in the bill 
could be construed as prohibiting the investment by an employee benefit 
plan in domestic investments, as distinguished from foreign 
investments, and direct the Secretary to take such actions as necessary 
to encourage domestic investments by pension plans to the extent that 
such investments are in conformity with the requirements of ERISA 
(rejected by a recorded vote of 179 ayes to 234 noes, Roll No. 650);
Pages H8767-70, H8774
  The Martinez amendment in the nature of a substitute that sought to 
provide that the Department of Labor should remain neutral with respect 
to economically targeted investments; and
Pages H8770-71
  The Andrews amendment in the nature of a substitute that sought to 
express the sense of Congress that the Labor Department should apply 
the same fiduciary standards to economically targeted investments as 
are applicable to pension plan investments generally under ERISA and 
eliminate the ETI clearinghouse (rejected by a recorded vote of 178 
ayes to 232 noes, Roll No. 651).
Pages H8771-73, H8774-75
  The following amendments were offered but subsequently withdrawn:
  The Traficant amendment that sought to provide that nothing in the 
bill could be construed as prohibiting the Department of Labor from 
issuing advisory opinions regarding the legality of investments in the 
construction or renovation of affordable housing; and
Pages H8764-66
  The Traficant amendment that sought to provide that nothing in the 
bill could be construed as prohibiting the Department of Labor from 
issuing advisory opinions regarding the legality of investments.
Pages H8766-67
  H. Res. 215, the rule under which the bill was considered, was agreed 
to earlier by a voice vote.
Pages H8737-39

[[Page D 1079]]

Intelligence Authorization: House agreed to H. Res. 216, providing for 
consideration of H.R. 1655, to authorize appropriations for fiscal year 
1996 for intelligence and intelligence-related activities of the United 
States Government, the Community Management Account, and the Central 
Intelligence Agency Retirement and Disability System.
  Pages H8778-81
Committee To Sit: The following committees and their subcommittees 
received permission to sit during proceedings of the House under the 5-
minute rule on Wednesday, September 13: Committees on Commerce, 
International Relations, the Judiciary, Resources, and Small Business.
  Pages H8777-78
Senate Messages: Messages received from the Senate today appear on page 
H8729.
Referral: One Senate-passed measure was referred to the appropriate 
House committee.
  Page H8804
Amendments Ordered Printed: Amendments ordered printed pursuant to the 
rule appear on pages H8806-09.
Quorum Calls--Votes: Five recorded votes developed during the 
proceedings of the House today and appear on pages H8762-63, H8774, 
H8774-75, H8775-76, and H8776. There were no quorum calls.
Adjournment: Met at 10:30 a.m. and adjourned at 11:02 p.m.