[Congressional Record Volume 148, Number 93 (Thursday, July 11, 2002)]
[Daily Digest]
[Pages D738-D739]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                                            Thursday, July 11, 2002

[[Page D738]]

                              Daily Digest


HIGHLIGHTS

      House Committee ordered reported the following appropriations for 
      fiscal year 2003: Legislative; and the Agriculture, Rural 
      Development, Food and Drug Administration and Related Agencies.


                                 Senate


Chamber Action
Routine Proceedings, pages S6597-S6681
Measures Introduced: Eight bills were introduced, as follows: S. 2718-
2725.
  Page S6649
Measures Reported:
  S. 2720, making appropriations for the Legislative Branch for the 
fiscal year ending September 30, 2003. (S. Rept. No. 107-209)
  S. 812, to amend the Federal Food, Drug, and Cosmetic Act to provide 
greater access to affordable pharmaceuticals, with an amendment. 
                                                             Page S6649
Accounting Reform Act: Senate continued consideration of S. 2673, to 
improve quality and transparency in financial reporting and independent 
audits and accounting services for public companies, to create a Public 
Company Accounting Oversight Board, to enhance the standard setting 
process for accounting practices, to strengthen the independence of 
firms that audit public companies, to increase corporate responsibility 
and the usefulness of corporate financial disclosure, to protect the 
objectivity and independence of securities analysts, to improve 
Securities and Exchange Commission resources and oversight, taking 
action on the following amendments proposed thereto: 
                                     Pages S6603-16, S6617-33, S6636-43
Rejected:
  Gramm (for McConnell) Amendment No. 4200 (to Amendment No. 4187), to 
modify attorney practices relating to clients. (By 62 yeas to 35 nays 
(Vote No. 172), Senate tabled the amendment.) 
                                         Page S6603, S6610-16, S6617-20
Pending:
  Edwards Modified Amendment No. 4187, to address rules of professional 
responsibility for attorneys.
Page S6603
  Daschle (for Levin) Amendment No. 4269 (to Amendment No. 4187), to 
address procedures for banning certain individuals from serving as 
officers or directors of publicly traded companies, civil money 
penalties, obtaining financial records, broadened enforcement 
authority, and forfeiture of bonuses and profits. 
                                               Pages S6620-25, S6636-43
  McCain Motion to Recommit the bill to the Committee on Banking, 
Housing, and Urban Affairs with instructions to report back forthwith 
with Amendment No. 4270, to require publicly traded companies to record 
and treat stock options as expenses when granted for purposes of their 
income statements.
Page S6625
  Reid (for Edwards) Amendment No. 4271 (to the instructions of the 
motion to recommit the bill to the Committee on Banking, Housing, and 
Urban Affairs), to address rules of professional responsibility for 
attorneys.
Page S6625
  Reid (for Levin) Amendment No. 4272 (to Amendment No. 4271), to 
address procedures for banning certain individuals from serving as 
officers or directors of publicly traded companies, civil money 
penalties, obtaining financial records, broadened enforcement 
authority, and forfeiture of bonuses and profits.
Page S6625
  A unanimous-consent-time agreement was reached providing for further 
consideration of the bill at 9:15 a.m., on Friday, July 12, 2002, with 
a vote on the motion to close further debate on the bill to occur at 
approximately 9:30 a.m. Further, that Senators have until 9:25 a.m., to 
file second-degree amendments.
Page S6679
Removal of Injunction of Secrecy: The injunction of secrecy was removed 
from the following treaties:
  Treaty with Ireland on Mutual Legal Assistance in Criminal Matters 
(Treaty Doc. No. 107-9);
  Agreement with Russian Federation concerning Polar Bear Population 
(Treaty Doc. No. 107-10); and
  2nd Protocol Amending Extradition Treaty with Canada (Treaty Doc. No. 
107-11).

[[Page D739]]


  The treaties were transmitted to the Senate today, considered as 
having been read for the first time, and referred, with accompanying 
papers, to the Committee on Foreign Relations and ordered to be 
printed.
Pages S6679-80
Nominations Received: Senate received the following nominations:
  Ben S. Bernanke, of New Jersey, to be a Member of the Board of 
Governors of the Federal Reserve System for the unexpired term of 
fourteen years from February 1, 1990.
  Donald L. Kohn, of Virginia, to be a Member of the Board of Governors 
of the Federal Reserve System for a term of fourteen years from 
February 1, 2002.
  John M. Reich, of Virginia, to be Vice Chairperson of the Board of 
Directors of the Federal Deposit Insurance Corporation.
  Richard F. Healing, of Virginia, to be a Member of the National 
Transportation Safety Board for a term expired December 31, 2006.
  Alia M. Ludlum, of Texas, to be United States District Judge for the 
Western District of Texas.
Page S6681
Messages From the House:
  Page S6646
Measures Referred:
  Page S6646
Measures Read First Time:
  Pages S6646-47
Enrolled Bills Presented:
  Page S6647
Executive Communications:
  Pages S6647-48
Executive Reports of Committees:
  Page S6649
Additional Cosponsors:
  Pages S6649-50
Statements on Introduced Bills/Resolutions:
  Pages S6650-57
Additional Statements:
  Pages S6645-46
Amendments Submitted:
  Pages S6657-78
Authority for Committees to Meet:
  Pages S6678-79
Privilege of the Floor:
  Page S6679
Record Votes: One record vote was taken today. (Total--172) 
                                                             Page S6620
Recess: Senate met at 9:30 a.m., and recessed at 6:41 p.m., until 9:15 
a.m., on Friday, July 12, 2002. (For Senate's program, see the remarks 
of the Acting Majority Leader in today's Record on page S6679).