[Congressional Record Volume 155, Number 55 (Wednesday, April 1, 2009)]
[Daily Digest]
[Pages D387-D388]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




[[Page D387]]




                        House of Representatives


Chamber Action
Public Bills and Resolutions Introduced: 32 public bills, H.R. 1833-
1864; and 8 resolutions, H. Con. Res. 91-92; and H. Res. 312-315, 317-
318 were introduced.                                     
  Pages H4395-97
Additional Cosponsors:                                   
  Pages H4397-98
Report Filed: A report was filed today as follows:
  H. Res. 316, providing for further consideration of the concurrent 
resolution (H. Con. Res. 85) setting forth the congressional budget for 
the United States Government for fiscal year 2010 and including the 
appropriate budgetary levels for fiscal years 2009 and 2011 through 
2014 (H. Rept. 111-73).                                      
Page H4395
Speaker: Read a letter from the Speaker wherein she appointed 
Representative Tauscher to act as Speaker Pro Tempore for today. 
                                                             Page H4253
Suspensions: The House agreed to suspend the rules and pass the 
following measures:
  Federal Retirement Reform Act of 2009: H.R. 1804, to amend title 5, 
United States Code, to make certain modifications in the Thrift Savings 
Plan, the Civil Service Retirement System, and the Federal Employees' 
Retirement System and                                    
  Pages H4268-75
  Congratulating the on-premise sign industry for its contributions to 
the success of small businesses: H. Res. 298, to congratulate the on-
premise sign industry for its contributions to the success of small 
businesses.                                              
  Pages H4369-70
Privileged Resolution: The House agreed to table H. Res. 312, raising a 
question of the privileges of the House, by a yea-and-nay vote of 217 
yeas to 185 nays with 16 voting ``present'', Roll No. 175. 
                                                         Pages H4283-83
Suspension--Failed: The House failed to agree to suspend the rules and 
pass the following measure:
  End Government Reimbursement of Excessive Executive Disbursements 
(End GREED) Act: H.R. 1575, amended, to authorize the Attorney General 
to limit or recover excessive compensation paid or payable by entities 
that have received Federal financial assistance on or after September 
1, 2008, by a \2/3\ yea-and-nay vote of 223 yeas to 196 nays, Roll No. 
178.                                           
  Pages H4275-83, H4285-86
Moment of Silence: The House observed a moment of silence in honor of 
the men and women in uniform who have given their lives in the service 
of our nation in Iraq and Afghanistan, their families, and all who 
serve in the armed forces and their families.                
  Page H4286
Suspension--Proceedings Resumed: The House agreed to suspend the rules 
and agree to the following measure which was debated on Tuesday, March 
31st:
  Honoring the lives, and mourning the loss, of Sergeant Mark Dunakin, 
Sergeant Ervin Romans, Sergeant Daniel Sakai, and Officer John Hege: H. 
Res. 290, to honor the lives, and mourn the loss, of Sergeant Mark 
Dunakin, Sergeant Ervin Romans, Sergeant Daniel Sakai, and Officer John 
Hege, members of the Oakland Police Department in California who were 
brutally slain in the line of duty, by a \2/3\ yea-and-nay vote of 417 
yeas with none voting ``nay'', Roll No. 179.             
  Pages H4286-87
Amending the executive compensation provisions of the Emergency 
Economic Stabilization Act of 2008 to prohibit unreasonable and 
excessive compensation and compensation not based on performance 
standards: The House passed H.R. 1664, to amend the executive 
compensation provisions of the Emergency Economic Stabilization Act of 
2008 to prohibit unreasonable and excessive compensation and 
compensation not based on performance standards, by a recorded vote of 
247 ayes to 171 noes with 1 voting ``present'', Roll No. 182. 
                                            Pages H4262-68, H4287-H4310
  Pursuant to the rule, the amendment in the nature of a substitute 
recommended by the Committee on Financial Services now printed in the 
bill shall be considered as an original bill for the purpose of 
amendment under the 5-minute rule.                
Pages H4262, H4294-95
Agreed to:
  Frank (MA) amendment (No. 1 printed in H. Rept. 111-71) that further 
clarifies that an institution does not become subject to the 
limitations on compensation in this bill as a result of doing business 
with an institution that has received a direct capital investment under 
either the TARP or HERA. Exempts severance pay from coverage if the 
payment is made in the ordinary course to an employee who has been with 
the institution at least 5 years prior to dismissal, as long as that 
payment is not greater than the employee's annual salary or $250,000. 
Requires the compensation data that an institution must report annually 
to the Treasury to include contributions made for the benefit of an 
employee's immediate family members. Creates a Commission on

[[Page D388]]

Executive Compensation to study the executive compensation system for 
recipients of direct capital investments under the TARP and make 
recommendations for legislative and regulatory action;   
Pages H4295-98
  Cardoza amendment (No. 2 printed in H. Rept. 111-71) that allows the 
Treasury Secretary to exempt financial institutions receiving TARP 
funds under a certain threshold;                      
Pages H4298-H4300
  Bilirakis amendment (No. 5 printed in H. Rept. 111-71) that clarifies 
that an institution that is not a TARP recipient will not be subject to 
the requirements of the bill as a result of doing business with a TARP 
recipient;                                               
Pages H4304-05
  Bean amendment (No. 4 printed in H. Rept. 111-71) that allows 
institutions that enter into a payment schedule with Treasury on terms 
set by Treasury to no longer be subject to the bonus and compensation 
restrictions created by the Act. If an institution defaults on its 
payment schedule, any bonuses and compensation that exceed the 
regulations promulgated in accordance to the Act would be subject to 
clawback (by a recorded vote of 228 ayes to 198 noes with 1 voting 
``present'', Roll No. 180); and                
Pages H4302-04, H4308-09
  Dahlkemper amendment (No. 7 printed in H. Rept. 111-71) that 
clarifies the definition of executive compensation to include payments 
made before, during and after employment, and makes explicit that the 
definition of compensation considered under the standards to be 
prepared by the Secretary are to include payment of money, transfers of 
property or provision of services (by a recorded vote of 246 ayes to 
180 noes with 1 voting ``present'', Roll No. 181). 
                                                  Pages H4306-08, H4309
Rejected:
  Meeks (NY) amendment (No. 3 printed in H. Rept. 111-71) that sought 
to exempt from compensation standards any institutions that receive 
TARP funding or payment agreements entered into before the enactment of 
this bill and                                            
Pages H4300-02
  DeFazio amendment (No. 6 printed in H. Rept. 111-71) that sought to 
amend the Emergency Economic Stabilization Act of 2008 to make the 
shareholder vote on executive compensation packages binding upon the 
board of directors.                                      
Pages H4305-06
  H. Res. 306, the rule providing for consideration of the bill, was 
agreed to by a yea-and-nay vote of 236 yeas to 175 nays with 1 voting 
``present'', Roll No. 177, after agreeing to order the previous 
question without objection.                                  
Page H4285
Meeting Hour: Agreed that when the House adjourns today, it adjourn to 
meet at 9 a.m. tomorrow.                                     
  Page H4310
Family Smoking Prevention and Tobacco Control Act: The House began 
consideration of H.R. 1256, to protect the public health by providing 
the Food and Drug Administration with certain authority to regulate 
tobacco products. Further proceedings were postponed.    
  Pages H4310-68
  Pursuant to the rule, the amendment printed in part A of H. Rept. 
111-72 shall be considered as adopted.                       
Page H4318
Proceedings Postponed:
  Buyer amendment in the nature of a substitute (printed in part B of 
H. Rept. 111-72) that seeks to create a Tobacco Harm Reduction Center 
under the Department of HHS to regulate all tobacco products and 
establishes a regulatory scheme to provide for tobacco prevention, 
education, and cessation programs.                           
Page H4318
  H. Res. 307, the rule providing for consideration of the bill, was 
agreed to by voice vote after agreeing to order the previous question 
without objection.                                           
Page H4318
Setting forth the congressional budget for the United States Government 
for fiscal year 2010 and including the appropriate budgetary levels for 
fiscal years 2009 and 2011 through 2014: The House began consideration 
of H. Con. Res. 85, to set forth the congressional budget for the 
United States Government for fiscal year 2010 and including the 
appropriate budgetary levels for fiscal years 2009 and 2011 through 
2014. Further proceedings were postponed.      
  Pages H4257-62, H4370-93
  H. Con. Res. 305, the rule providing for consideration of the 
resolution, was agreed to by a yea-and-nay of 234 yeas to 179 nays, 
Roll No. 176, after agreeing to order the previous question without 
objection.                                        
Pages H4257, H4284-85
Commission on Wartime Contracting--Appointment: Read a letter from 
Representative Boehner, Minority Leader, in which he appointed The 
Honorable Christopher Shays of Connecticut to the Commission on Wartime 
Contracting.                                                 
  Page H4393
Quorum Calls--Votes: Five yea-and-nay votes and three recorded votes 
developed during the proceedings of today and appear on pages H4283-84, 
H4284-85, H4285, H4285-86, H4286-87, H4308, H4309, H4309-10. There were 
no quorum calls.
Adjournment: The House met at 10 a.m. and adjourned at 12:30 a.m.