[Congressional Record Volume 141, Number 193 (Wednesday, December 6, 1995)]
[House]
[Pages H14034-H14039]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                ANNOUNCEMENT BY THE SPEAKER PRO TEMPORE

  The SPEAKER pro tempore (Mr. Radanovich). Members should avoid 
references in debate to Members of the other body.
  Mr. HALL of Texas. Mr. Speaker, I yield 3 minutes to the gentleman 
from California, Mr. Filner.
  Mr. FILNER. Mr. Speaker, I thank the gentleman for yielding me time.
  Mr. Speaker, I will be opposing the rule and the bill. It is clear 
from the statements that we have heard and every editorial, every 
statement that I have read over the last few months, that if we had a 
reasonable and carefully crafted reform to the provisions of the 
antifraud cases that give rise to securities class actions, that would 
attract a resounding consensus in this body and around the country.
  Instead, this legislation has attracted extraordinarily firm 
opposition from a broad group of people who have been involved in these 
issues. Virtually every witness with a reasonable claim to being 
objective and impartial testified in opposition to the initial 
Republican proposals earlier this year. The group representing 
securities regulators from all 50 States oppose it; groups representing 
the officials in State and local governments who issue municipal bonds 
oppose it. The U.S. Conference of Mayors and National League of Cities 
oppose it, along with more than 1,000 local officials, ranging from 
district attorneys to town treasurers to county commissioners.
  The AARP, the National Association of Senior Citizens, the Gray 
Panthers all oppose it, as do the National Council of Individual 
Investors. Consumer Reports, Consumer Federation of America, and a host 
of other consumer groups oppose if. The AFL-CIO, the Teamsters, the 
Machinists, the Communications Workers, the American Federation of 
State, County and Municipal Employees, and the United Auto Workers, all 
these who manage more than $100 billion in pension funds for retirees, 
oppose it. The Fraternal Order of Police and International Association 
of Firefighters also strongly oppose this legislation.
  Mr. Speaker, if one reads the press beyond the Beltway, it 
overwhelmingly opposes it. If there is strong support for reasonable 
measures to stop frivolous lawsuits, but opposition to this bill, does 
that not tell us a lot?
  I urge my colleagues to demonstrate that this bill should be fixed by 
voting ``no''; ``no'' on the rule and ``no'' on the bill.
  Mr. HALL of Texas. Mr. Speaker, I yield 5 minutes to the gentleman 
from Massachusetts [Mr. Markey].
  Mr. MARKEY. Mr. Speaker, let me point out something that I think 
everyone should understand as we take up this bill today. That is that 
the Congressional Budget Office estimates that there will be new 
burdens for the Securities and Exchange Commission as a result of the 
passage of this legislation. Here is what CBO said:

       By discouraging private litigation, enacting this bill 
     would result in an increase in the number of enforcement 
     actions brought by the SEC. CBO expects that the number of 
     financial fraud enforcement actions would at least double, 
     and possibly triple. Therefore, CBO estimates the enactment 
     of the bill would increase costs of the Securities and 
     Exchange Commission for enforcement actions by $25 million to 
     $50 million annually, or $125 million to $250 million over 
     the next five years.

  CBO's objective analysis is extremely revealing. First, it 
demonstrates that the CBO believes that this legislation will prevent 
defrauded investors from bringing meritorious cases, leaving the burden 
entirely on the Securities and Exchange Commission. So the CBO has in 
effect confirmed our fear that this legislation goes too far and will 
harm innocent investors in its zeal to wipe out frivolous lawsuits.
  Now, one might reasonably ask whether the CBO analysis is credible, 
whether it is reliable, whether it is in fact accurate. That is a fair 
question. So we decided to look at what Republican leaders have been 
saying about the credibility of the CBO. Here are some of the more 
recent excerpts.
  Committee on the Budget Chairman John Kasich has made several recent 
comments about the CBO. In just the last few days he has said that the 
``CBO has painstakingly earned its reputation for accuracy and 
credibility over the years.''
  On the ``MacNeil-Lehrer News Hour'' 2 weeks ago, Chairman Kasich 
said, I guess just the ``Lehrer News Hour,'' that the ``CBO cannot be 
bullied; they cannot be beaten up, and their integrity will not be 
questioned.''
  On ``Larry King Live'' just 3 weeks ago, he said, ``After using the 
CBO and understanding the integrity of the way they work, it's the best 
way to go.''
  Senator Trent Lott, the Republican majority whip in the Senate, said 
in a press conference 3 weeks ago, ``We've got to have reliable 
numbers. CBO has been reliable over the years. Even this year, with 
some of the things we would like CBO to have said, they've said no, 
that's not a fact. So they are the honest brokers.''
  Of course, the legislation does not include a $25 to $50 million 
annual supplement to the Securities and Exchange Commission to make up 
for some of the meritorious and nonfrivolous cases which will have to 
be brought by the SEC as a result of passage of this legislation, cases 
where there has been actual fraud. Instead, the SEC budget is frozen 
and they are in fact fortunate to get that, because the Senate Finance 
Committee has actually targeted them for a 20 percent cut, even though 
this is a time of record growth, activity, participation and complexity 
in our capital markets and, after the passage of this bill, needed 
additional enforcement where there are actual meritorious cases 
involving deliberate fraud on the part of companies, financial firms, 
on innocent investors across this country.
  By the way, the CBO is not alone in this forecast. Former Republican 
SEC 

[[Page H 14035]]
Chairman Richard Breeden testified in 1991 that if securities fraud 
lawsuits were curtailed, the SEC would need to hire 800 to 900 
additional investigators and lawyers to make up the difference. And 11 
States attorneys general have criticized the legislation as an unfunded 
mandate.
  I apologize for taking so long, but this is the only time that we in 
the minority have had to discuss this bill this year. It is necessary 
for the gentleman from Michigan [Mr. Dingell] and I and others on our 
side to put the facts out on the case, so that historically those who 
in this Chamber are blessed with hindsight will be able to see in 5 
years or so what in fact has happened in the aftermath of the passage 
of this legislation.
  Eleven attorneys general have criticized the legislation as an 
unfunded mandate. They argue in a strongly worded letter that the draft 
report's major provisions pose significant obstacles to meritorious 
fraud actions by investors and that these cases will inevitably land in 
the laps of already overburdened State and local prosecutors.
  Considered together, it is ironic that we are on the verge of 
abandoning a largely successful and effective system of private market-
based regulation. The changes could have been made to deal with the 
frivolous lawsuits, but instead we are going to put the burden on State 
and local prosecutors, and if the Federal Government does not act, 
there will be a huge vacuum that will leave investors at the mercy of 
unscrupulous financial operators.

                              {time}  1115

  Mr. HALL of Ohio. Mr. Speaker, I yield 3 minutes to the gentleman 
from Pennsylvania [Mr. Klink].
  Mr. KLINK. Mr. Speaker, I thank my friend from Ohio for yielding time 
to me.
  I wanted to point out that there are a lot of people across the 
country that realize the mistake that this House is about to make in 
considering this legislation. In fact, it is unprecedented that Money 
magazine, which is the largest financial publication in this great 
country, with over 10 million readers, has written four editorials 
against this bill. Four editorials.
  It is unprecedented that a Time, Inc. editor would, in fact, feel so 
strongly that he wrote, ``I urge President Clinton to veto this 
legislation.'' That is unprecedented for an editor from Time, Inc. to 
write something like this.
  In September 1995, the Money editorial said, ``Congress aims at 
lawyers and ends up shooting small investors in the back.'' And to read 
just a portion of that editorial, he says,

       At a time when massive securities fraud has become one of 
     this country's growth industries, this law would cheat 
     victims out of whatever chance they may have of getting their 
     money back. In the final analysis, this legislation would 
     actually be a grand slam for the sleaziest elements of the 
     financial industry at the expense of ordinary investors.

  In October 1995, a month later, Money magazine said, ``This misguided 
law would, in fact, help white collar criminals to get away with 
cheating investors.'' They say, in responding to their calls for urging 
of the White House veto, the angriest responses so far have come from 
Republicans who were denouncing their own party for pushing these 
bills.
  Then, in November of this year, they said the struggle over these 
securities litigation reform bills offers a picture window view of how 
laws are being created by the lobbyists and for the lobbyists in this 
104th Congress. Money magazine says lawmakers said they wanted to 
discourage frivolous securities suits and that is a fine goal, but as 
one moderating amendment after another was voted down, the legislation 
the Republican majority and the lobbyists produced went far beyond 
curbing meritless lawsuits to all but legalizing securities fraud.
  And, finally, as I said, in a fourth consecutive unprecedented 
editorial this month, Money magazine said now only Clinton can stop 
Congress from hurting small investors like you. They begin the 
editorial,

       The President should not sign it; he should veto it and 
     here is why: The bill helps executives get away with lying. 
     Investors who sue and lose could be forced to pay the 
     winners' legal costs. Even accountants, who okay fraudulent 
     books, will get protections. This bill will undermine the 
     public confidence in our financial markets. Without that 
     confidence, this country is nowhere.

  This rule should be voted down, the bill should be voted down, and we 
hope that our colleagues will heed us.
  Mr. DREIER. Mr. Speaker, I yield 3 minutes to the gentleman from 
Appleton, WI, my friend [Mr. Roth], who, I would note, as the debate on 
the rule for this very important conference report rapidly comes to a 
close, is the chairman of the Trade and Tourism Caucus, where he 
understands the importance of job creation.
  Mr. ROTH. Mr. Speaker, I say to the gentleman from California, 
Thanks, coach, for putting me in.
  I rise in strong support of this conference report. Today, abuse of 
our security laws is stifling our Nation's fastest growing companies. 
Whenever a company stock changes significantly in value, these 
companies face lawsuits from packs of so-called professional 
plaintiffs. These professional plaintiffs are individuals who have 
suffered no injury and hold no stock in the companies they use. Yet, in 
order to avoid the high legal costs of defending themselves, companies 
often settle the extortion demands of these professional thieves.
  High-technology companies, the companies of tomorrow, are hit hardest 
and most frequently. Why? Because these companies often undergo 
dramatic change, but have few resources with which to defend 
themselves. As a result, we, all of us, lose. New products that could 
benefit my colleagues and all of the American people and the people 
throughout the world are never developed. Good paying jobs that could 
have been created never materialize.
  Mr. Speaker, if we fail to act, we doom our children to lower living 
standards, lower than we enjoy today. This bill will protect companies 
from being sued on forward-looking projections. Under this bill, 
companies can issue cautionary statements confirming what my colleagues 
and I already know, that the projections are estimates and not facts 
certain.
  No one can predict the future with a 100-percent accuracy. It is 
unfair to expect companies to do so. Yet, that is what the professional 
plaintiffs demand in exchange for retraining from their corporate 
extortion.
  Further, this bill will ensure that no wrongdoers escape punishment. 
Any party intentionally causing injury will be liable for the full harm 
they cause, no less. And that is only fair. Under this bill everyone 
wins. Investors, whether individuals or municipalities, will benefit 
from higher returns on investment and lower risks.
  American companies, unhindered by expensive litigation, will build 
new competitive advantages over their foreign rivals, and that is what 
we are looking for. New job opportunities will come up all across 
America. As chairman of the International Economic Policy and Trade 
Subcommittee, I know that passage of this conference report will go a 
long way toward ensuring that America will remain the world's most 
prosperous Nation. A vote for this conference report is a vote to help 
give us and our children futures of unlimited opportunity.
  Mr. Speaker, let us vote for our Nation's future. Let us pass this 
important conference report. I thank the gentleman and my friend from 
California for yielding me this time.
  Mr. DREIER. Mr. Speaker, I would like to inquire of my friend from 
Dayton if he has any remaining speakers.
  Mr. HALL of Ohio. I hesitate to say that I do not have any additional 
speakers, but it appears that I do not, and I would yield back the 
balance of my time.
  Before I do that, however, Mr. Speaker, I insert in the Record at 
this point the following extraneous material.

                FLOOR PROCEDURE IN THE 104TH CONGRESS; COMPILED BY THE RULES COMMITTEE DEMOCRATS                
----------------------------------------------------------------------------------------------------------------
                                                                          Process used for floor   Amendments in
            Bill No.                    Title           Resolution No.         consideration           order    
----------------------------------------------------------------------------------------------------------------
H.R. 1*........................  Compliance........  H. Res. 6            Closed................           None.

[[Page H 14036]]
                                                                                                                
H. Res. 6......................  Opening Day Rules   H. Res. 5            Closed; contained a              None.
                                  Package.                                 closed rule on H.R. 1                
                                                                           within the closed                    
                                                                           rule.                                
H.R. 5*........................  Unfunded Mandates.  H. Res. 38           Restrictive; Motion               N/A.
                                                                           adopted over                         
                                                                           Democratic objection                 
                                                                           in the Committee of                  
                                                                           the Whole to limit                   
                                                                           debate on section 4;                 
                                                                           Pre-printing gets                    
                                                                           preference.                          
H.J. Res. 2*...................  Balanced Budget...  H. Res. 44           Restrictive; only              2R; 4D.
                                                                           certain substitutes.                 
H. Res. 43.....................  Committee Hearings  H. Res. 43 (OJ)      Restrictive;                      N/A.
                                  Scheduling.                              considered in House                  
                                                                           no amendments.                       
H.R. 2*........................  Line Item Veto....  H. Res. 55           Open; Pre-printing                N/A.
                                                                           gets preference.                     
H.R. 665*......................  Victim Restitution  H. Res. 61           Open; Pre-printing                N/A.
                                  Act of 1995.                             gets preference.                     
H.R. 666*......................  Exclusionary Rule   H. Res. 60           Open; Pre-printing                N/A.
                                  Reform Act of                            gets preference.                     
                                  1995.                                                                         
H.R. 667*......................  Violent Criminal    H. Res. 63           Restrictive; 10 hr.               N/A.
                                  Incarceration Act                        Time Cap on                          
                                  of 1995.                                 amendments.                          
H.R. 668*......................  The Criminal Alien  H. Res. 69           Open; Pre-printing                N/A.
                                  Deportation                              gets preference;                     
                                  Improvement Act.                         Contains self-                       
                                                                           executing provision.                 
H.R. 728*......................  Local Government    H. Res. 79           Restrictive; 10 hr.               N/A.
                                  Law Enforcement                          Time Cap on                          
                                  Block Grants.                            amendments; Pre-                     
                                                                           printing gets                        
                                                                           preference.                          
H.R. 7*........................  National Security   H. Res. 83           Restrictive; 10 hr.               N/A.
                                  Revitalization                           Time Cap on                          
                                  Act.                                     amendments; Pre-                     
                                                                           printing gets                        
                                                                           preference.                          
H.R. 729*......................  Death Penalty/      N/A                  Restrictive; brought              N/A.
                                  Habeas.                                  up under UC with a 6                 
                                                                           hr. time cap on                      
                                                                           amendments.                          
S. 2...........................  Senate Compliance.  N/A                  Closed; Put on                   None.
                                                                           Suspension Calendar                  
                                                                           over Democratic                      
                                                                           objection.                           
H.R. 831.......................  To Permanently      H. Res. 88           Restrictive; makes in              1D.
                                  Extend the Health                        order only the                       
                                  Insurance                                Gibbons amendment;                   
                                  Deduction for the                        Waives all points of                 
                                  Self-Employed.                           order; Contains self-                
                                                                           executing provision.                 
H.R. 830*......................  The Paperwork       H. Res. 91           Open..................            N/A.
                                  Reduction Act.                                                                
H.R. 889.......................  Emergency           H. Res. 92           Restrictive; makes in              1D.
                                  Supplemental/                            order only the Obey                  
                                  Rescinding                               substitute.                          
                                  Certain Budget                                                                
                                  Authority.                                                                    
H.R. 450*......................  Regulatory          H. Res. 93           Restrictive; 10 hr.               N/A.
                                  Moratorium.                              Time Cap on                          
                                                                           amendments; Pre-                     
                                                                           printing gets                        
                                                                           preference.                          
H.R. 1022*.....................  Risk Assessment...  H. Res. 96           Restrictive; 10 hr.               N/A.
                                                                           Time Cap on                          
                                                                           amendments.                          
H.R. 926*......................  Regulatory          H. Res. 100          Open..................            N/A.
                                  Flexibility.                                                                  
H.R. 925*......................  Private Property    H. Res. 101          Restrictive; 12 hr.                1D.
                                  Protection Act.                          time cap on                          
                                                                           amendments; Requires                 
                                                                           Members to pre-print                 
                                                                           their amendments in                  
                                                                           the Record prior to                  
                                                                           the bill's                           
                                                                           consideration for                    
                                                                           amendment, waives                    
                                                                           germaneness and                      
                                                                           budget act points of                 
                                                                           order as well as                     
                                                                           points of order                      
                                                                           concerning                           
                                                                           appropriating on a                   
                                                                           legislative bill                     
                                                                           against the committee                
                                                                           substitute used as                   
                                                                           base text.                           
H.R. 1058*.....................  Securities          H. Res. 105          Restrictive; 8 hr.                 1D.
                                  Litigation Reform                        time cap on                          
                                  Act.                                     amendments; Pre-                     
                                                                           printing gets                        
                                                                           preference; Makes in                 
                                                                           order the Wyden                      
                                                                           amendment and waives                 
                                                                           germaneness against                  
                                                                           it.                                  
H.R. 988*......................  The Attorney        H. Res. 104          Restrictive; 7 hr.                N/A.
                                  Accountability                           time cap on                          
                                  Act of 1995.                             amendments; Pre-                     
                                                                           printing gets                        
                                                                           preference.                          
H.R. 956*......................  Product Liability   H. Res. 109          Restrictive; makes in          8D; 7R.
                                  and Legal Reform                         order only 15 germane                
                                  Act.                                     amendments and denies                
                                                                           64 germane amendments                
                                                                           from being considered.               
H.R. 1158......................  Making Emergency    H. Res. 115          Restrictive; Combines             N/A.
                                  Supplemental                             emergency H.R. 1158 &                
                                  Appropriations                           nonemergency 1159 and                
                                  and Rescissions.                         strikes the abortion                 
                                                                           provision; makes in                  
                                                                           order only pre-                      
                                                                           printed amendments                   
                                                                           that include offsets                 
                                                                           within the same                      
                                                                           chapter (deeper cuts                 
                                                                           in programs already                  
                                                                           cut); waives points                  
                                                                           of order against                     
                                                                           three amendments;                    
                                                                           waives cl 2 of rule                  
                                                                           XXI against the bill,                
                                                                           cl 2, XXI and cl 7 of                
                                                                           rule XVI against the                 
                                                                           substitute; waives cl                
                                                                           2(e) od rule XXI                     
                                                                           against the                          
                                                                           amendments in the                    
                                                                           Record; 10 hr time                   
                                                                           cap on amendments. 30                
                                                                           minutes debate on                    
                                                                           each amendment.                      
H.J. Res. 73*..................  Term Limits.......  H. Res. 116          Restrictive; Makes in           1D; 3R
                                                                           order only 4                         
                                                                           amendments considered                
                                                                           under a ``Queen of                   
                                                                           the Hill'' procedure                 
                                                                           and denies 21 germane                
                                                                           amendments from being                
                                                                           considered.                          
H.R. 4*........................  Welfare Reform....  H. Res. 119          Restrictive; Makes in         5D; 26R.
                                                                           order only 31                        
                                                                           perfecting amendments                
                                                                           and two substitutes;                 
                                                                           Denies 130 germane                   
                                                                           amendments from being                
                                                                           considered; The                      
                                                                           substitutes are to be                
                                                                           considered under a                   
                                                                           ``Queen of the Hill''                
                                                                           procedure; All points                
                                                                           of order are waived                  
                                                                           against the                          
                                                                           amendments.                          
H.R. 1271*.....................  Family Privacy Act  H. Res. 125          Open..................            N/A.
H.R. 660*......................  Housing for Older   H. Res. 126          Open..................            N/A.
                                  Persons Act.                                                                  
H.R. 1215*.....................  The Contract With   H. Res. 129          Restrictive; Self                  1D.
                                  America Tax                              Executes language                    
                                  Relief Act of                            that makes tax cuts                  
                                  1995.                                    contingent on the                    
                                                                           adoption of a                        
                                                                           balanced budget plan                 
                                                                           and strikes section                  
                                                                           3006. Makes in order                 
                                                                           only one substitute.                 
                                                                           Waives all points of                 
                                                                           order against the                    
                                                                           bill, substitute made                
                                                                           in order as original                 
                                                                           text and Gephardt                    
                                                                           substitute.                          
H.R. 483.......................  Medicare Select     H. Res. 130          Restrictive; waives cl             1D.
                                  Extension.                               2(1)(6) of rule XI                   
                                                                           against the bill;                    
                                                                           makes H.R. 1391 in                   
                                                                           order as original                    
                                                                           text; makes in order                 
                                                                           only the Dingell                     
                                                                           substitute; allows                   
                                                                           Commerce Committee to                
                                                                           file a report on the                 
                                                                           bill at any time.                    
H.R. 655.......................  Hydrogen Future     H. Res. 136          Open..................            N/A.
                                  Act.                                                                          
H.R. 1361......................  Coast Guard         H. Res. 139          Open; waives sections             N/A.
                                  Authorization.                           302(f) and 308(a) of                 
                                                                           the Congressional                    
                                                                           Budget Act against                   
                                                                           the bill's                           
                                                                           consideration and the                
                                                                           committee substitute;                
                                                                           waives cl 5(a) of                    
                                                                           rule XXI against the                 
                                                                           committee substitute.                
H.R. 961.......................  Clean Water Act...  H. Res. 140          Open; pre-printing                N/A.
                                                                           gets preference;                     
                                                                           waives sections                      
                                                                           302(f) and 602(b) of                 
                                                                           the Budget Act                       
                                                                           against the bill's                   
                                                                           consideration; waives                
                                                                           cl 7 of rule XVI, cl                 
                                                                           5(a) of rule XXI and                 
                                                                           section 302(f) of the                
                                                                           Budget Act against                   
                                                                           the committee                        
                                                                           substitute. Makes in                 
                                                                           order Shuster                        
                                                                           substitute as first                  
                                                                           order of business.                   
H.R. 535.......................  Corning National    H. Res. 144          Open..................            N/A.
                                  Fish Hatchery                                                                 
                                  Conveyance Act.                                                               
H.R. 584.......................  Conveyance of the   H. Res. 145          Open..................            N/A.
                                  Fairport National                                                             
                                  Fish Hatchery to                                                              
                                  the State of Iowa.                                                            
H.R. 614.......................  Conveyance of the   H. Res. 146          Open..................            N/A.
                                  New London                                                                    
                                  National Fish                                                                 
                                  Hatchery                                                                      
                                  Production                                                                    
                                  Facility.                                                                     
H. Con. Res. 67................  Budget Resolution.  H. Res. 149          Restrictive; Makes in          3D; 1R.
                                                                           order 4 substitutes                  
                                                                           under regular order;                 
                                                                           Gephardt, Neumann/                   
                                                                           Solomon, Payne/Owens,                
                                                                           President's Budget if                
                                                                           printed in Record on                 
                                                                           5/17/95; waives all                  
                                                                           points of order                      
                                                                           against substitutes                  
                                                                           and concurrent                       
                                                                           resolution; suspends                 
                                                                           application of Rule                  
                                                                           XLIX with respect to                 
                                                                           the resolution; self-                
                                                                           executes Agriculture                 
                                                                           language.                            
H.R. 1561......................  American Overseas   H. Res. 155          Restrictive; Requires             N/A.
                                  Interests Act of                         amendments to be                     
                                  1995.                                    printed in the Record                
                                                                           prior to their                       
                                                                           consideration; 10 hr.                
                                                                           time cap; waives cl                  
                                                                           2(1)(6) of rule XI                   
                                                                           against the bill's                   
                                                                           consideration; Also                  
                                                                           waives sections                      
                                                                           302(f), 303(a),                      
                                                                           308(a) and 402(a)                    
                                                                           against the bill's                   
                                                                           consideration and the                
                                                                           committee amendment                  
                                                                           in order as original                 
                                                                           text; waives cl 5(a)                 
                                                                           of rule XXI against                  
                                                                           the amendment;                       
                                                                           amendment                            
                                                                           consideration is                     
                                                                           closed at 2:30 p.m.                  
                                                                           on May 25, 1995. Self-               
                                                                           executes provision                   
                                                                           which removes section                
                                                                           2210 from the bill.                  
                                                                           This was done at the                 
                                                                           request of the Budget                
                                                                           Committee.                           
H.R. 1530......................  National Defense    H. Res. 164          Restrictive; Makes in      36R; 18D; 2
                                  Authorization Act                        order only the            Bipartisan.
                                  FY 1996.                                 amendments printed in                
                                                                           the report; waives                   
                                                                           all points of order                  
                                                                           against the bill,                    
                                                                           substitute and                       
                                                                           amendments printed in                
                                                                           the report. Gives the                
                                                                           Chairman en bloc                     
                                                                           authority. Self-                     
                                                                           executes a provision                 
                                                                           which strikes section                
                                                                           807 of the bill;                     
                                                                           provides for an                      
                                                                           additional 30 min. of                
                                                                           debate on Nunn-Lugar                 
                                                                           section; Allows Mr.                  
                                                                           Clinger to offer a                   
                                                                           modification of his                  
                                                                           amendment with the                   
                                                                           concurrence of Ms.                   
                                                                           Collins.                             
H.R. 1817......................  Military            H. Res. 167          Open; waives cl. 2 and            N/A.
                                  Construction                             cl. 6 of rule XXI                    
                                  Appropriations;                          against the bill; 1                  
                                  FY 1996.                                 hr. general debate;                  
                                                                           Uses House passed                    
                                                                           budget numbers as                    
                                                                           threshold for                        
                                                                           spending amounts                     
                                                                           pending passage of                   
                                                                           Budget.                              
H.R. 1854......................  Legislative Branch  H. Res. 169          Restrictive; Makes in        5R; 4D; 2
                                  Appropriations.                          order only 11             Bipartisan.
                                                                           amendments; waives                   
                                                                           sections 302(f) and                  
                                                                           308(a) of the Budget                 
                                                                           Act against the bill                 
                                                                           and cl. 2 and cl. 6                  
                                                                           of rule XXI against                  
                                                                           the bill. All points                 
                                                                           of order are waived                  
                                                                           against the                          
                                                                           amendments.                          
H.R. 1868......................  Foreign Operations  H. Res. 170          Open; waives cl. 2,               N/A.
                                  Appropriations.                          cl. 5(b), and cl. 6                  
                                                                           of rule XXI against                  
                                                                           the bill; makes in                   
                                                                           order the Gilman                     
                                                                           amendments as first                  
                                                                           order of business;                   
                                                                           waives all points of                 
                                                                           order against the                    
                                                                           amendments; if                       
                                                                           adopted they will be                 
                                                                           considered as                        
                                                                           original text; waives                
                                                                           cl. 2 of rule XXI                    
                                                                           against the                          
                                                                           amendments printed in                
                                                                           the report. Pre-                     
                                                                           printing gets                        
                                                                           priority (Hall)                      
                                                                           (Menendez) (Goss)                    
                                                                           (Smith, NJ).                         
H.R. 1905......................  Energy & Water      H. Res. 171          Open; waives cl. 2 and            N/A.
                                  Appropriations.                          cl. 6 of rule XXI                    
                                                                           against the bill;                    
                                                                           makes in order the                   
                                                                           Shuster amendment as                 
                                                                           the first order of                   
                                                                           business; waives all                 
                                                                           points of order                      
                                                                           against the                          
                                                                           amendment; if adopted                
                                                                           it will be considered                
                                                                           as original text. Pre-               
                                                                           printing gets                        
                                                                           priority.                            
H.J. Res. 79...................  Constitutional      H. Res. 173          Closed; provides one              N/A.
                                  Amendment to                             hour of general                      
                                  Permit Congress                          debate and one motion                
                                  and States to                            to recommit with or                  
                                  Prohibit the                             without instructions;                
                                  Physical                                 if there are                         
                                  Desecration of                           instructions, the MO                 
                                  the American Flag.                       is debatable for 1 hr.               
H.R. 1944......................  Recissions Bill...  H. Res. 175          Restrictive; Provides             N/A.
                                                                           for consideration of                 
                                                                           the bill in the                      
                                                                           House; Permits the                   
                                                                           Chairman of the                      
                                                                           Appropriations                       
                                                                           Committee to offer                   
                                                                           one amendment which                  
                                                                           is unamendable;                      
                                                                           waives all points of                 
                                                                           order against the                    
                                                                           amendment.                           
H.R. 1868 (2nd rule)...........  Foreign Operations  H. Res. 177          Restrictive; Provides             N/A.
                                  Appropriations.                          for further                          
                                                                           consideration of the                 
                                                                           bill; makes in order                 
                                                                           only the four                        
                                                                           amendments printed in                
                                                                           the rules report (20                 
                                                                           min. each). Waives                   
                                                                           all points of order                  
                                                                           against the                          
                                                                           amendments; Prohibits                
                                                                           intervening motions                  
                                                                           in the Committee of                  
                                                                           the Whole; Provides                  
                                                                           for an automatic rise                
                                                                           and report following                 
                                                                           the disposition of                   
                                                                           the amendments.                      
H.R. 1977 *Rule Defeated*......  Interior            H. Res. 185          Open; waives sections             N/A.
                                  Appropriations.                          302(f) and 308(a) of                 
                                                                           the Budget Act and cl                
                                                                           2 and cl 6 of rule                   
                                                                           XXI; provides that                   
                                                                           the bill be read by                  
                                                                           title; waives all                    
                                                                           points of order                      
                                                                           against the Tauzin                   
                                                                           amendment; self-                     
                                                                           executes Budget                      
                                                                           Committee amendment;                 
                                                                           waives cl 2(e) of                    
                                                                           rule XXI against                     
                                                                           amendments to the                    
                                                                           bill; Pre-printing                   
                                                                           gets priority.                       
H.R. 1977......................  Interior            H.Res. 187           Open; waives sections             N/A.
                                  Appropriations.                          302(f), 306 and                      
                                                                           308(a) of the Budget                 
                                                                           Act; waives clauses 2                
                                                                           and 6 of rule XXI                    
                                                                           against provisions in                
                                                                           the bill; waives all                 
                                                                           points of order                      
                                                                           against the Tauzin                   
                                                                           amendment; provides                  
                                                                           that the bill be read                
                                                                           by title; self-                      
                                                                           executes Budget                      
                                                                           Committee amendment                  
                                                                           and makes NEA funding                
                                                                           subject to House                     
                                                                           passed authorization;                
                                                                           waives cl 2(e) of                    
                                                                           rule XXI against the                 
                                                                           amendments to the                    
                                                                           bill; Pre-printing                   
                                                                           gets priority.                       

[[Page H 14037]]
                                                                                                                
H.R. 1976......................  Agriculture         H. Res. 188          Open; waives clauses 2            N/A.
                                  Appropriations.                          and 6 of rule XXI                    
                                                                           against provisions in                
                                                                           the bill; provides                   
                                                                           that the bill be read                
                                                                           by title; Makes Skeen                
                                                                           amendment first order                
                                                                           of business, if                      
                                                                           adopted the amendment                
                                                                           will be considered as                
                                                                           base text (10 min.);                 
                                                                           Pre-printing gets                    
                                                                           priority.                            
H.R. 1977 (3rd rule)...........  Interior            H. Res. 189          Restrictive; provides             N/A.
                                  Appropriations.                          for the further                      
                                                                           consideration of the                 
                                                                           bill; allows only                    
                                                                           amendments pre-                      
                                                                           printed before July                  
                                                                           14th to be                           
                                                                           considered; limits                   
                                                                           motions to rise.                     
H.R. 2020......................  Treasury Postal     H. Res. 190          Open; waives cl. 2 and            N/A.
                                  Appropriations.                          cl. 6 of rule XXI                    
                                                                           against provisions in                
                                                                           the bill; provides                   
                                                                           the bill be read by                  
                                                                           title; Pre-printing                  
                                                                           gets priority.                       
H.J. Res. 96...................  Disapproving MFN    H. Res. 193          Restrictive; provides             N/A.
                                  for China.                               for consideration in                 
                                                                           the House of H.R.                    
                                                                           2058 (90 min.) And                   
                                                                           H.J. Res. 96 (1 hr).                 
                                                                           Waives certain                       
                                                                           provisions of the                    
                                                                           Trade Act.                           
H.R. 2002......................  Transportation      H. Res. 194          Open; waives cl. 3 0f             N/A.
                                  Appropriations.                          rule XIII and section                
                                                                           401 (a) of the CBA                   
                                                                           against consideration                
                                                                           of the bill; waives                  
                                                                           cl. 6 and cl. 2 of                   
                                                                           rule XXI against                     
                                                                           provisions in the                    
                                                                           bill; Makes in order                 
                                                                           the Clinger/Solomon                  
                                                                           amendment waives all                 
                                                                           points of order                      
                                                                           against the amendment                
                                                                           (Line Item Veto);                    
                                                                           provides the bill be                 
                                                                           read by title; Pre-                  
                                                                           printing gets                        
                                                                           priority. *RULE                      
                                                                           AMENDED*.                            
H.R. 70........................  Exports of Alaskan  H. Res. 197          Open; Makes in order              N/A.
                                  North Slope Oil.                         the Resources                        
                                                                           Committee amendment                  
                                                                           in the nature of a                   
                                                                           substitute as                        
                                                                           original text; Pre-                  
                                                                           printing gets                        
                                                                           priority; Provides a                 
                                                                           Senate hook-up with                  
                                                                           S. 395.                              
H.R. 2076......................  Commerce, Justice   H. Res. 198          Open; waives cl. 2 and            N/A.
                                  Appropriations.                          cl. 6 of rule XXI                    
                                                                           against provisions in                
                                                                           the bill; Pre-                       
                                                                           printing gets                        
                                                                           priority; provides                   
                                                                           the bill be read by                  
                                                                           title..                              
H.R. 2099......................  VA/HUD              H. Res. 201          Open; waives cl. 2 and            N/A.
                                  Appropriations.                          cl. 6 of rule XXI                    
                                                                           against provisions in                
                                                                           the bill; Provides                   
                                                                           that the amendment in                
                                                                           part 1 of the report                 
                                                                           is the first                         
                                                                           business, if adopted                 
                                                                           it will be considered                
                                                                           as base text (30                     
                                                                           min.); waives all                    
                                                                           points of order                      
                                                                           against the Klug and                 
                                                                           Davis amendments; Pre-               
                                                                           printing gets                        
                                                                           priority; Provides                   
                                                                           that the bill be read                
                                                                           by title.                            
S. 21..........................  Termination of      H. Res. 204          Restrictive; 3 hours               ID.
                                  U.S. Arms Embargo                        of general debate;                   
                                  on Bosnia.                               Makes in order an                    
                                                                           amendment to be                      
                                                                           offered by the                       
                                                                           Minority Leader or a                 
                                                                           designee (1 hr); If                  
                                                                           motion to recommit                   
                                                                           has instructions it                  
                                                                           can only be offered                  
                                                                           by the Minority                      
                                                                           Leader or a designee.                
H.R. 2126......................  Defense             H. Res. 205          Open; waives cl.                  N/A.
                                  Appropriations.                          2(l)(6) of rule XI                   
                                                                           and section 306 of                   
                                                                           the Congressional                    
                                                                           Budget Act against                   
                                                                           consideration of the                 
                                                                           bill; waives cl. 2                   
                                                                           and cl. 6 of rule XXI                
                                                                           against provisions in                
                                                                           the bill; self-                      
                                                                           executes a strike of                 
                                                                           sections 8021 and                    
                                                                           8024 of the bill as                  
                                                                           requested by the                     
                                                                           Budget Committee; Pre-               
                                                                           printing gets                        
                                                                           priority; Provides                   
                                                                           the bill be read by                  
                                                                           title.                               
H.R. 1555......................  Communications Act  H. Res. 207          Restrictive; waives        2R/3D/3 Bi-
                                  of 1995.                                 sec. 302(f) of the          partisan.
                                                                           Budget Act against                   
                                                                           consideration of the                 
                                                                           bill; Makes in order                 
                                                                           the Commerce                         
                                                                           Committee amendment                  
                                                                           as original text and                 
                                                                           waives sec. 302(f) of                
                                                                           the Budget Act and                   
                                                                           cl. 5(a) of rule XXI                 
                                                                           against the                          
                                                                           amendment; Makes in                  
                                                                           order the Bliely                     
                                                                           amendment (30 min.)                  
                                                                           as the first order of                
                                                                           business, if adopted                 
                                                                           it will be original                  
                                                                           text; makes in order                 
                                                                           only the amendments                  
                                                                           printed in the report                
                                                                           and waives all points                
                                                                           of order against the                 
                                                                           amendments; provides                 
                                                                           a Senate hook-up with                
                                                                           S. 652.                              
H.R. 2127......................  Labor/HHS           H. Res. 208          Open; Provides that                N/A
                                  Appropriations                           the first order of                   
                                  Act.                                     business will be the                 
                                                                           managers amendments                  
                                                                           (10 min.), if adopted                
                                                                           they will be                         
                                                                           considered as base                   
                                                                           text; waives cl. 2                   
                                                                           and cl. 6 of rule XXI                
                                                                           against provisions in                
                                                                           the bill; waives all                 
                                                                           points of order                      
                                                                           against certain                      
                                                                           amendments printed in                
                                                                           the report; Pre-                     
                                                                           printing gets                        
                                                                           priority; Provides                   
                                                                           the bill be read by                  
                                                                           title.                               
H.R. 1594......................  Economically        H. Res. 215          Open; 2 hr of gen.                 N/A
                                  Targeted                                 debate. makes in                     
                                  Investments.                             order the committee                  
                                                                           substitute as                        
                                                                           original text.                       
H.R. 1655......................  Intelligence        H. Res. 216          Restrictive; waives                N/A
                                  Authorization.                           sections 302(f),                     
                                                                           308(a) and 401(b) of                 
                                                                           the Budget Act. Makes                
                                                                           in order the                         
                                                                           committee substitute                 
                                                                           as modified by Govt.                 
                                                                           Reform amend                         
                                                                           (striking sec. 505)                  
                                                                           and an amendment                     
                                                                           striking title VII.                  
                                                                           Cl 7 of rule XVI and                 
                                                                           cl 5(a) of rule XXI                  
                                                                           are waived against                   
                                                                           the substitute.                      
                                                                           Sections 302(f) and                  
                                                                           401(b) of the CBA are                
                                                                           also waived against                  
                                                                           the substitute.                      
                                                                           Amendments must also                 
                                                                           be pre-printed in the                
                                                                           Congressional record.                
H.R. 1162......................  Deficit Reduction   H. Res. 218          Open; waives cl 7 of               N/A
                                  Lock Box.                                rule XVI against the                 
                                                                           committee substitute                 
                                                                           made in order as                     
                                                                           original text; Pre-                  
                                                                           printing gets                        
                                                                           priority.                            
H.R. 1670......................  Federal             H. Res. 219          Open; waives sections              N/A
                                  Acquisition                              302(f) and 308(a) of                 
                                  Reform Act of                            the Budget Act                       
                                  1995.                                    against consideration                
                                                                           of the bill; bill                    
                                                                           will be read by                      
                                                                           title; waives cl 5(a)                
                                                                           of rule XXI and                      
                                                                           section 302(f) of the                
                                                                           Budget Act against                   
                                                                           the committee                        
                                                                           substitute. Pre-                     
                                                                           printing gets                        
                                                                           priority.                            
H.R. 1617......................  To Consolidate and  H. Res. 222          Open; waives section               N/A
                                  Reform Workforce                         302(f) and 401(b) of                 
                                  Development and                          the Budget Act                       
                                  Literacy Programs                        against the                          
                                  Act (CAREERS).                           substitute made in                   
                                                                           order as original                    
                                                                           text (H.R. 2332), cl.                
                                                                           5(a) of rule XXI is                  
                                                                           also waived against                  
                                                                           the substitute.                      
                                                                           provides for                         
                                                                           consideration of the                 
                                                                           managers amendment                   
                                                                           (10 min.) If adopted,                
                                                                           it is considered as                  
                                                                           base text.                           
H.R. 2274......................  National Highway    H. Res. 224          Open; waives section               N/A
                                  System                                   302(f) of the Budget                 
                                  Designation Act                          Act against                          
                                  of 1995.                                 consideration of the                 
                                                                           bill; Makes H.R. 2349                
                                                                           in order as original                 
                                                                           text; waives section                 
                                                                           302(f) of the Budget                 
                                                                           Act against the                      
                                                                           substitute; provides                 
                                                                           for the consideration                
                                                                           of a managers                        
                                                                           amendment (10 min.)                  
                                                                           If adopted, it is                    
                                                                           considered as base                   
                                                                           text; Pre-printing                   
                                                                           gets priority.                       
H.R. 927.......................  Cuban Liberty and   H. Res. 225          Restrictive; waives cl           2R/2D
                                  Democratic                               2(L)(2)(B) of rule XI                
                                  Solidarity Act of                        against consideration                
                                  1995.                                    of the bill; makes in                
                                                                           order H.R. 2347 as                   
                                                                           base text; waives cl                 
                                                                           7 of rule XVI against                
                                                                           the substitute; Makes                
                                                                           Hamilton amendment                   
                                                                           the first amendment                  
                                                                           to be considered (1                  
                                                                           hr). Makes in order                  
                                                                           only amendments                      
                                                                           printed in the report.               
H.R. 743.......................  The Teamwork for    H. Res. 226          Open; waives cl                    N/A
                                  Employees and                            2(l)(2)(b) of rule XI                
                                  managers Act of                          against consideration                
                                  1995.                                    of the bill; makes in                
                                                                           order the committee                  
                                                                           amendment as original                
                                                                           text; Pre-printing                   
                                                                           get priority.                        
H.R. 1170......................  3-Judge Court for   H. Res. 227          Open; makes in order a             N/A
                                  Certain                                  committee amendment                  
                                  Injunctions.                             as original text; Pre-               
                                                                           printing gets                        
                                                                           priority.                            
H.R. 1601......................  International       H. Res. 228          Open; makes in order a             N/A
                                  Space Station                            committee amendment                  
                                  Authorization Act                        as original text; pre-               
                                  of 1995.                                 printing gets                        
                                                                           priority.                            
H.J. Res. 108..................  Making Continuing   H. Res. 230          Closed; Provides for    ..............
                                  Appropriations                           the immediate                        
                                  for FY 1996.                             consideration of the                 
                                                                           CR; one motion to                    
                                                                           recommit which may                   
                                                                           have instructions                    
                                                                           only if offered by                   
                                                                           the Minority Leader                  
                                                                           or a designee.                       
H.R. 2405......................  Omnibus Civilian    H. Res. 234          Open; self-executes a              N/A
                                  Science                                  provision striking                   
                                  Authorization Act                        section 304(b)(3) of                 
                                  of 1995.                                 the bill (Commerce                   
                                                                           Committee request);                  
                                                                           Pre-printing gets                    
                                                                           priority.                            
H.R. 2259......................  To Disapprove       H. Res. 237          Restrictive; waives cl              1D
                                  Certain                                  2(l)(2)(B) of rule XI                
                                  Sentencing                               against the bill's                   
                                  Guideline                                consideration; makes                 
                                  Amendments.                              in order the text of                 
                                                                           the Senate bill S.                   
                                                                           1254 as original                     
                                                                           text; Makes in order                 
                                                                           only a Conyers                       
                                                                           substitute; provides                 
                                                                           a senate hook-up                     
                                                                           after adoption.                      
H.R. 2425......................  Medicare            H. Res. 238          Restrictive; waives                 1D
                                  Preservation Act.                        all points of order                  
                                                                           against the bill's                   
                                                                           consideration; makes                 
                                                                           in order the text of                 
                                                                           H.R. 2485 as original                
                                                                           text; waives all                     
                                                                           points of order                      
                                                                           against H.R. 2485;                   
                                                                           makes in order only                  
                                                                           an amendment offered                 
                                                                           by the Minority                      
                                                                           Leader or a designee;                
                                                                           waives all points of                 
                                                                           order against the                    
                                                                           amendment; waives cl                 
                                                                           5 of rule                 
                                                                           XXI (\3/5\                           
                                                                           requirement on votes                 
                                                                           raising taxes).                      
H.R. 2492......................  Legislative Branch  H. Res. 239          Restrictive; provides              N/A
                                  Appropriations                           for consideration of                 
                                  Bill.                                    the bill in the House.               
H.R. 2491......................  7 Year Balanced     H. Res. 245          Restrictive; makes in               1D
H. Con. Res. 109...............   Budget                                   order H.R. 2517 as                   
                                  Reconciliation                           original text; waives                
                                  Social Security                          all pints of order                   
                                  Earnings Test                            against the bill;                    
                                  Reform.                                  Makes in order only                  
                                                                           H.R. 2530 as an                      
                                                                           amendment only if                    
                                                                           offered by the                       
                                                                           Minority Leader or a                 
                                                                           designee; waives all                 
                                                                           points of order                      
                                                                           against the                          
                                                                           amendment; waives cl                 
                                                                           5 of rule                 
                                                                           XXI (\3/5\                           
                                                                           requirement on votes                 
                                                                           raising taxes).                      
H.R. 1833......................  Partial Birth       H. Res. 251          Closed................             N/A
                                  Abortion Ban Act                                                              
                                  of 1995.                                                                      
H.R. 2546......................  D.C.                H. Res. 252          Restrictive; waives                N/A
                                  Appropriations FY                        all points of order                  
                                  1996.                                    against the bill's                   
                                                                           consideration; Makes                 
                                                                           in order the Walsh                   
                                                                           amendment as the                     
                                                                           first order of                       
                                                                           business (10 min.);                  
                                                                           if adopted it is                     
                                                                           considered as base                   
                                                                           text; waives cl 2 and                
                                                                           6 of rule XXI against                
                                                                           the bill; makes in                   
                                                                           order the Bonilla,                   
                                                                           Gunderson and                        
                                                                           Hostettler amendments                
                                                                           (30 min.); waives all                
                                                                           points of order                      
                                                                           against the                          
                                                                           amendments; debate on                
                                                                           any further                          
                                                                           amendments is limited                
                                                                           to 30 min. each.                     
H.J. Res. 115..................  Further Continuing  H. Res. 257          Closed; Provides for               N/A
                                  Appropriations                           the immediate                        
                                  for FY 1996.                             consideration of the                 
                                                                           CR; one motion to                    
                                                                           recommit which may                   
                                                                           have instructions                    
                                                                           only if offered by                   
                                                                           the Minority Leader                  
                                                                           or a designee.                       
H.R. 2586......................  Temporary Increase  H. Res. 258          Restrictive; Provides               5R
                                  in the Statutory                         for the immediate                    
                                  Debt Limit.                              consideration of the                 
                                                                           CR; one motion to                    
                                                                           recommit which may                   
                                                                           have instructions                    
                                                                           only if offered by                   
                                                                           the Minority Leader                  
                                                                           or a designee; self-                 
                                                                           executes 4 amendments                
                                                                           in the rule; Solomon,                
                                                                           Medicare Coverage of                 
                                                                           Certain Anti-Cancer                  
                                                                           Drug Treatments,                     
                                                                           Habeas Corpus Reform,                
                                                                           Chrysler (MI); makes                 
                                                                           in order the Walker                  
                                                                           amend (40 min.) on                   
                                                                           regulatory reform.                   
H.R. 2539......................  ICC Termination...  H. Res. 259          Open; waives section    ..............
                                                                           302(f) and section                   
                                                                           308(a).                              
H.J. Res. 115..................  Further Continuing  H. Res. 261          Closed; provides for               N/A
                                  Appropriations                           the immediate                        
                                  for FY 1996.                             consideration of a                   
                                                                           motion by the                        
                                                                           Majority Leader or                   
                                                                           his designees to                     
                                                                           dispose of the Senate                
                                                                           amendments (1hr).                    
H.R. 2586......................  Temporary Increase  H. Res. 262          Closed; provides for               N/A
                                  in the Statutory                         the immediate                        
                                  Limit on the                             consideration of a                   
                                  Public Debt.                             motion by the                        
                                                                           Majority Leader or                   
                                                                           his designees to                     
                                                                           dispose of the Senate                
                                                                           amendments (1hr).                    
H. Res. 250....................  House Gift Rule     H. Res. 268          Closed; provides for                2R
                                  Reform.                                  consideration of the                 
                                                                           bill in the House; 30                
                                                                           min. of debate; makes                
                                                                           in order the Burton                  
                                                                           amendment and the                    
                                                                           Gingrich en bloc                     
                                                                           amendment (30 min.                   
                                                                           each); waives all                    
                                                                           points of order                      
                                                                           against the                          
                                                                           amendments; Gingrich                 
                                                                           is only in order if                  
                                                                           Burton fails or is                   
                                                                           not offered.                         
H.R. 2564......................  Lobbying            H. Res. 269          Open; waives cl.                   N/A
                                  Disclosure Act of                        2(l)(6) of rule XI                   
                                  1995.                                    against the bill's                   
                                                                           consideration; waives                
                                                                           all points of order                  
                                                                           against the Istook                   
                                                                           and McIntosh                         
                                                                           amendments.                          
H.R. 2606......................  Prohibition on      H. Res. 273          Restrictive; waives                N/A
                                  Funds for Bosnia                         all points of order                  
                                  Deployment.                              against the bill's                   
                                                                           consideration;                       
                                                                           provides one motion                  
                                                                           to amend if offered                  
                                                                           by the Minority                      
                                                                           Leader or designee (1                
                                                                           hr non-amendable);                   
                                                                           motion to recommit                   
                                                                           which may have                       
                                                                           instructions only if                 
                                                                           offered by Minority                  
                                                                           Leader or his                        
                                                                           designee; if Minority                
                                                                           Leader motion is not                 
                                                                           offered debate time                  
                                                                           will be extended by 1                
                                                                           hr.                                  

[[Page H 14038]]
                                                                                                                
H.R. 1788......................  Amtrak Reform and   H. Res. 289          Open; waives all                   N/A
                                  Privatization Act                        points of order                      
                                  of 1995.                                 against the bill's                   
                                                                           consideration; makes                 
                                                                           in order the                         
                                                                           Transportation                       
                                                                           substitute modified                  
                                                                           by the amend in the                  
                                                                           report; Bill read by                 
                                                                           title; waives all                    
                                                                           points of order                      
                                                                           against the                          
                                                                           substitute; makes in                 
                                                                           order a managers                     
                                                                           amend as the first                   
                                                                           order of business, if                
                                                                           adopted it is                        
                                                                           considered base text                 
                                                                           (10 min.); waives all                
                                                                           points of order                      
                                                                           against the                          
                                                                           amendment; Pre-                      
                                                                           printing gets                        
                                                                           priority.                            
H.R. 1350......................  Maritime Security   H. Res. 287          Open; makes in order               N/A
                                  Act of 1995.                             the committee                        
                                                                           substitute as                        
                                                                           original text; makes                 
                                                                           in order a managers                  
                                                                           amendment which if                   
                                                                           adopted is considered                
                                                                           as original text (20                 
                                                                           min.) unamendable;                   
                                                                           pre-printing gets                    
                                                                           priority.                            
----------------------------------------------------------------------------------------------------------------
* Contract Bills, 67% restrictive; 33% open. ** All legislation, 54% restrictive; 46% open. *** Restrictive     
  rules are those which limit the number of amendments which can be offered, and include so called modified open
  and modified closed rules as well as completely closed rules and rules providing for consideration in the     
  House as opposed to the Committee of the Whole. This definition of restrictive rule is taken from the         
  Republican chart of resolutions reported from the Rules Committee in the 103rd Congress. **** Not included in 
  this chart are three bills which should have been placed on the Suspension Calendar. H.R. 101, H.R. 400, H.R. 
  440.                                                                                                          


  Mr. DREIER. Mr. Speaker, I yield 2 minutes and 30 seconds to the 
gentleman from Newport Beach, CA [Mr. Cox] to close on our side.
  Mr. COX of California. Mr. Speaker, I thank the gentleman from 
California for yielding.
  It has been said that a lawyer is someone who defends his client's 
interest and takes the principal. It is a cruel joke; it is an old 
joke. In fact, the best I can tell, it is at least a century old.
  There has always been a conflict of interest between lawyers 
representing themselves and lawyers representing their clients. What we 
are seeking to do here is to protect investors so that they are in 
charge of these kinds of lawsuits. It is very important for us to know 
what exactly it is we are doing here today. There has been a lot of 
rhetoric. What we are doing are the following things:
  We are outlawing professional plaintiffs. We heard testimony that one 
guy, who was described by a judge as truly the unluckiest investor in 
the world, was a plaintiff in 300 of these lawsuits. That will not 
happen anymore.
  We have outlawed attorney conflicts of interest. So if the lawyers 
own the shares, the judge will scrutinize that and keep them out of the 
case if it is a conflict of interest.
  We are mandating full disclosure to the investors, to the plaintiffs, 
of any proposed settlements, including what will be the lawyer's share 
of the settlement and what will be theirs.
  These kinds of reforms are the reason that this is such bipartisan 
and popular legislation. And the truth is that half the Democrats here, 
half the Democrats in the Senate, Republicans who sponsored the 
legislation, all favor this. More than two-thirds of both bodies favor 
this.
  The economists, whom we heard quoted many times as an opponent of 
this bill, are in favor of this bill. They have editorialized in their 
most recent magazine as follows: More than 650 class action strike 
suits have been filed in the past 4 years alone, including ones against 
each of the 10 biggest firms in Silicon Valley. There is nothing wrong 
with investors who use the courts to protect their rights, but a 
growing number of these suits are being brought by those who are 
victims not of corporate misinformation, but of their lawyer's greed.
  The Washington Post has editorialized in favor of this legislation. 
It is sound, it is good, it is bipartisan. It is high time investors 
got the kind of protection that this legislation affords. Fraud, 
through the device of a lawsuit; extortion, through the device of abuse 
of our securities' laws, hopefully will be no more after we pass this 
very popular bipartisan bill.
  Mr. DREIER. Mr. Speaker, I yield myself such time as I may consume to 
indicate, as has been said, the general chairman of the Democratic 
National Committee, our colleague, Senator Chris Dodd, is one of the 
prime authors of this legislation, along with many other Democrats who 
truly make this bipartisan and bicameral. I urge an ``aye'' vote on the 
rule and an ``aye'' vote on the conference report.
  Mr. Speaker, I yield back the balance of my time, and I move the 
previous question on the resolution.
  The previous question was ordered.
  The SPEAKER pro tempore. (Mr. Radanovich). The question is on the 
resolution.
  The question was taken; and the Speaker pro tempore announced that 
the ayes appear to have it.
  Mr. DINGELL. Mr. Speaker, I object to the vote on the ground that a 
quorum is not present and make the point of order a quorum is not 
present.
  The SPEAKER pro tempore. Evidently a quorum is not present.
  The Sergeant at Arms will notify absent Members.
  The vote was taken by electronic device, and there were--yeas 318, 
nays 97, answered ``present'' 1, not voting 16, as follows:

                             [Roll No. 838]

                               YEAS--318

     Allard
     Archer
     Armey
     Bachus
     Baesler
     Baker (CA)
     Baker (LA)
     Baldacci
     Ballenger
     Barcia
     Barrett (NE)
     Bartlett
     Barton
     Bass
     Bateman
     Bentsen
     Bereuter
     Bevill
     Bilbray
     Bilirakis
     Bishop
     Bliley
     Blute
     Boehlert
     Boehner
     Bonilla
     Boucher
     Brewster
     Browder
     Brown (CA)
     Brown (FL)
     Brown (OH)
     Brownback
     Bryant (TN)
     Bunn
     Bunning
     Burr
     Burton
     Buyer
     Callahan
     Calvert
     Camp
     Canady
     Cardin
     Castle
     Chabot
     Chambliss
     Chenoweth
     Christensen
     Chrysler
     Clement
     Clinger
     Coble
     Coburn
     Collins (GA)
     Combest
     Condit
     Cooley
     Cox
     Crane
     Crapo
     Cremeans
     Cubin
     Cunningham
     Danner
     Davis
     de la Garza
     Deal
     DeLauro
     DeLay
     Deutsch
     Diaz-Balart
     Dickey
     Dooley
     Doolittle
     Dornan
     Doyle
     Dreier
     Duncan
     Dunn
     Durbin
     Ehlers
     Ehrlich
     Emerson
     English
     Ensign
     Eshoo
     Everett
     Farr
     Fawell
     Fazio
     Fields (TX)
     Flanagan
     Foley
     Forbes
     Fox
     Frank (MA)
     Franks (CT)
     Franks (NJ)
     Frelinghuysen
     Frisa
     Frost
     Funderburk
     Furse
     Gallegly
     Ganske
     Gejdenson
     Gekas
     Geren
     Gibbons
     Gilchrest
     Gillmor
     Gilman
     Gonzalez
     Goodlatte
     Goodling
     Gordon
     Goss
     Graham
     Green
     Greenwood
     Gunderson
     Gutierrez
     Gutknecht
     Hall (OH)
     Hall (TX)
     Hamilton
     Hancock
     Hansen
     Harman
     Hastert
     Hastings (WA)
     Hayes
     Hayworth
     Hefley
     Hefner
     Heineman
     Herger
     Hilleary
     Hobson
     Hoekstra
     Hoke
     Holden
     Horn
     Hostettler
     Houghton
     Hoyer
     Hutchinson
     Hyde
     Inglis
     Istook
     Jackson-Lee
     Jacobs
     Johnson (CT)
     Johnson, Sam
     Jones
     Kasich
     Kelly
     Kennedy (MA)
     Kennedy (RI)
     Kennelly
     Kim
     King
     Kingston
     Kleczka
     Klug
     Knollenberg
     Kolbe
     LaFalce
     LaHood
     Lantos
     Largent
     Latham
     LaTourette
     Lazio
     Leach
     Levin
     Lewis (CA)
     Lewis (KY)
     Lightfoot
     Lincoln
     Linder
     Livingston
     LoBiondo
     Lofgren
     Longley
     Lucas
     Maloney
     Manton
     Manzullo
     Martini
     Matsui
     McCarthy
     McCollum
     McCrery
     McDade
     McHugh
     McInnis
     McIntosh
     McKeon
     McNulty
     Meehan
     Metcalf
     Meyers
     Mica
     Miller (FL)
     Minge
     Molinari
     Montgomery
     Moorhead
     Moran
     Morella
     Murtha
     Myers
     Myrick
     Neal
     Nethercutt
     Neumann
     Ney
     Norwood
     Nussle
     Ortiz
     Orton
     Oxley
     Packard
     Pallone
     Parker
     Paxon
     Payne (VA)
     Pelosi
     Peterson (MN)
     Petri
     Pickett
     Pombo
     Porter
     Portman
     Poshard
     Pryce
     Quillen
     Quinn
     Radanovich
     Ramstad
     Reed
     Regula
     Richardson
     Riggs
     Roberts
     Roemer
     Rogers
     Rohrabacher
     Rose
     Roth
     Roukema
     Royce
     Rush
     Sabo
     Salmon
     Sanford
     Saxton
     Scarborough
     Schaefer
     Schiff
     Schumer
     Seastrand
     Sensenbrenner
     Shadegg
     Shaw
     Shays
     Shuster
     Sisisky
     Skaggs
     Skeen
     Skelton
     Slaughter
     Smith (MI)
     Smith (NJ)
     Smith (TX)
     Smith (WA)
     Solomon
     Souder
     Spence
     Spratt
     Stearns
     Stenholm
     Stockman
     Stump
     Talent
     Tate
     Tauzin
     Taylor (NC)
     Thomas
     Thornberry
     Thornton
     Tiahrt
     Torkildsen
     Towns
     Traficant
     Upton
     Vento
     Visclosky
     Vucanovich
     Walker
     Walsh
     Wamp
     Ward
     Watts (OK)
     Weldon (FL)
     Weldon (PA)
     Weller
     Whitfield
     Wicker
     Wolf
     Wyden
     Wynn
     Young (AK)
     Young (FL)
     Zeliff
     Zimmer

                                NAYS--97

     Abercrombie
     Ackerman
     Andrews
     Barrett (WI)
     Becerra
     Beilenson
     
[[Page H 14039]]

     Berman
     Bonior
     Borski
     Bryant (TX)
     Clay
     Clayton
     Clyburn
     Coleman
     Collins (IL)
     Collins (MI)
     Conyers
     Costello
     Coyne
     Cramer
     Dellums
     Dicks
     Dingell
     Dixon
     Doggett
     Edwards
     Engel
     Evans
     Fattah
     Fields (LA)
     Filner
     Flake
     Foglietta
     Ford
     Gephardt
     Hastings (FL)
     Hilliard
     Jefferson
     Johnson (SD)
     Johnson, E. B.
     Johnston
     Kanjorski
     Kaptur
     Kildee
     Klink
     Lewis (GA)
     Lipinski
     Luther
     Markey
     Martinez
     Mascara
     McDermott
     McHale
     McKinney
     Meek
     Menendez
     Mfume
     Miller (CA)
     Mink
     Moakley
     Mollohan
     Nadler
     Oberstar
     Obey
     Olver
     Owens
     Pastor
     Payne (NJ)
     Peterson (FL)
     Pomeroy
     Rahall
     Rangel
     Rivers
     Roybal-Allard
     Sanders
     Sawyer
     Schroeder
     Scott
     Serrano
     Stark
     Stokes
     Studds
     Stupak
     Tanner
     Taylor (MS)
     Thompson
     Thurman
     Torres
     Torricelli
     Velazquez
     Waters
     Watt (NC)
     Waxman
     Williams
     Wise
     Woolsey
     Yates

                        ANSWERED ``PRESENT''--1

       
     Lowey
       

                             NOT VOTING--16

     Barr
     Bono
     Chapman
     DeFazio
     Ewing
     Fowler
     Hinchey
     Hunter
     Laughlin
     Ros-Lehtinen
     Tejeda
     Tucker
     Volkmer
     Waldholtz
     White
     Wilson

                              {time}  1147

  The Clerk announced the following pair:
  On this vote:

       Mr. Bono for, with Mr. DeFazio against.

  Mrs. MEEK of Florida, Mr. DIXON, and Ms. ROYBAL-ALLARD changed their 
vote from ``yea'' to ``nay.''
  Mr. KENNEDY of Massachusetts changed his vote from ``nay'' to 
``yea.''
  So the resolution was agreed to.
  The result of the vote was announced as above recorded.
  A motion to reconsider was laid on the table.

                          ____________________