[Congressional Record Volume 148, Number 47 (Wednesday, April 24, 2002)]
[Daily Digest]
[Pages D382-D383]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]





                        House of Representatives


Chamber Action
Measures Introduced: 29 public bills, H.R. 4559-4587; 1 private bill, 
H.R. 4588; and 1 resolution, H.J. Res. 89, were introduced. 
                                                         Pages H1618-19
Reports Filed: Reports were filed as follows:
  Supplemental report on H.R. 3764, to authorize appropriations for the 
Securities and Exchange Commission (H. Rept. 107-415, Pt. 2); and
  H. Res. 396, providing for consideration of H.R.3231, to replace the 
Immigration and Naturalization Service with the Agency for Immigration 
Affairs (H. Rept. 107-419).
Page H1618
Guest Chaplain: The prayer was offered by the guest Chaplain, Dr. 
Richard Lee of First Redeemer Church, of Alpharetta, Georgia. 
                                                             Page H1537
Motion to Instruct Conferees on the Farm Security Act: The House agreed 
to the Hooley motion to instruct conferees on H.R. 2646, an act to 
provide for the continuation of agricultural programs through fiscal 
year 2011, to agree to the provisions contained in section 1001 of the 
Senate amendment and section 944 of the House bill, relating to country 
of origin labeling requirements for agricultural commodities, but to 
insist on the six-month implementation deadline contained in the House 
bill by voice vote.
  Pages H1537-40
Recess: The House recessed at 10:24 a.m. and reconvened at 10:30 a.m. 
                                                             Page H1540
Supplemental Report: The Committee on Financial Services received 
permission to file a supplemental report on H.R. 3764, to authorize 
appropriations for the Securities and Exchange Commission.
  Page H1544
Corporate and Auditing Accountability, Responsibility, and Transparency 
Act: The House passed H.R. 3763, to protect investors by improving the 
accuracy and reliability of corporate disclosures made pursuant to the 
securities laws by a recorded vote of 334 ayes to 90 noes, Roll No. 
110.
  Pages H1544-92
  Rejected the LaFalce motion to recommit the bill to the Committee on 
Financial Services with instructions to report it back to the House 
forthwith with an amendment that sought to strike sections 11 and 12 
and insert provisions that provide for the removal of unfit corporate 
officers, require disgorgement of compensation if an officer or 
director engages in misconduct resulting in erroneous financial 
statements, and require principal executive officers and financial 
officers to certify financial statements by a recorded vote of 205 ayes 
to 222 noes, Roll No. 109.
Pages H1589-92
  Agreed to the Committee on Financial Services amendment in the nature 
of a substitute now printed in the bill, H. Rept. 107-414, and made in 
order by the rule.
Page H1589

[[Page D383]]

Agreed To:
  Oxley amendment no. 1 printed in H. Rept. 107-418 that makes 
technical and conforming changes and strikes provisions pertaining to 
the adoption of a senior financial officers code of ethics; 
                                                         Pages H1563-64
  Capuano amendment no. 2 printed in H. Rept. 107-418 that specifies 
that one member of the public regulatory organization (PRO) shall be a 
person who has never been licensed to practice public accounting; 
                                                         Pages H1564-65
Rejected:
  Sherman amendment no. 3 printed in H. Rept. 107-418 that sought to 
require the net capital of an accountant to be equal to one-half of the 
annual audit revenue received from issuers registered with the 
Securities and Exchange Commission;
Pages H1565-67
  Kucinich amendment in the nature of a substitute, no. 4 printed in H. 
Rept. 107-418 that sought to create the Federal Bureau of Audits to 
conduct an annual audit of the financial statements that are required 
to be submitted by reporting issuers and to be certified under the 
securities laws, rules or regulations (rejected by a recorded vote of 
39 ayes to 381 noes, Roll No. 107);
Pages H1567-74
  LaFalce amendment in the nature of a substitute, no. 5 printed in H. 
Rept. 107-418 that sought to establish a Public Regulatory Organization 
within ninety days of enactment, define the nature and composition of 
the organization, and delineate its specific roles and responsibilities 
(rejected by a recorded vote of 202 ayes to 219 noes, Roll No. 108); 
                                                         Pages H1574-89
  The Clerk was authorized to make technical corrections and conforming 
changes in the engrossment of the bill.
Page H1592
  H. Res. 395, the rule that provided for consideration of the bill was 
agreed to by voice vote.
Pages H1540-44
Recess: The House recessed at 5:58 p.m. and reconvened at 6:28. 
                                                             Page H1617
Senate Messages: Messages received from the Senate today appear on page 
H1537.
Quorum Calls Votes: Four recorded votes developed during the 
proceedings of the House today and appear on pages H1573-74, H1588-89, 
H1591-92 and H1592. There were no quorum calls.
Adjournment: The House met at 10 a.m. and adjourned at 6:29 p.m.