[Congressional Record Volume 156, Number 70 (Tuesday, May 11, 2010)]
[Daily Digest]
[Pages D512-D513]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                                              Tuesday, May 11, 2010

[[Page D512]]

                              Daily Digest

                                 Senate


Chamber Action
Routine Proceedings, pages S3487-S3568
Measures Introduced: Thirteen bills and one resolution were introduced, 
as follows: S. 3335-3347, and S.J. Res. 30.              
  Pages S3535-36
Measures Passed:
  Commemorating the Dedication and Sacrifices of Law Enforcement 
Officers: Senate agreed to S. Res. 511, commemorating and acknowledging 
the dedication and sacrifices made by the Federal, State, and local law 
enforcement officers who have been killed or injured in the line of 
duty.                                                        
  Page S3567
Measures Considered:
Restoring American Financial Stability Act--Agreement: Senate continued 
consideration of S. 3217, to promote the financial stability of the 
United States by improving accountability and transparency in the 
financial system, to end ``too big to fail'', to protect the American 
taxpayer by ending bailouts, to protect consumers from abusive 
financial services practices, taking action on the following amendments 
proposed thereto:                 
  Pages S3488-96, S3496-S3509, S3510-32
Adopted:
  By an unanimous vote of 96 yeas (Vote No. 137), Sanders/Dodd Modified 
Amendment No. 3738 (to Amendment No. 3739), to require the non-partisan 
Government Accountability Office to conduct an independent audit of the 
Board of Governors of the Federal Reserve System that does not 
interfere with monetary policy, to let the American people know the 
names of the recipients of over $2,000,000,000,000 in taxpayer 
assistance from the Federal Reserve System. 
                                        Pages S3488, S3490-95, S3510-32
  By 63 yeas to 36 nays (Vote No. 139), Dodd Amendment No. 3938 (to 
Amendment No. 3739), to require the Secretary of Transportation to 
conduct a study on ending the conservatorship of Fannie Mae and Freddie 
Mac, and reforming the housing finance system.        
Pages S3497-S3509
  Bennet Amendment No. 3928 (to Amendment No. 3739), to apply 
recaptured taxpayer investments toward reducing the national debt. 
                                                         Pages S3511-13
Rejected:
  By 37 yeas to 62 nays (Vote No. 138), Vitter Amendment No. 3760 (to 
Amendment No. 3739), to address availability of information concerning 
the meetings of the Federal Open Market Committee.       
Pages S3488-95
  By 43 yeas to 56 nays (Vote No. 140), McCain Amendment No. 3839 (to 
Amendment No. 3739), to provide for enhanced regulation of, and to 
establish a term certain for the conservatorships of Fannie Mae and 
Freddie Mac, to provide conditions for continued operation of such 
enterprises, to provide for the wind down of such operations and the 
dissolution of such enterprises, and to address budgetary treatment of 
such enterprises.                                 
Pages S3496-97, S3509
Pending:
  Reid (for Dodd/Lincoln) Amendment No. 3739, in the nature of a 
substitute.                       
Pages S3488-96, S3496-S3509, S3510-32
  Corker Amendment No. 3955 (to Amendment No. 3739), to provide for a 
study of the asset-backed securitization process and for residential 
mortgage underwriting standards.                         
Pages S3513-16
  Merkley Amendment No. 3962 (to Amendment No. 3739), to prohibit 
certain payments to loan originators and to require verification by 
lenders of the ability of consumers to repay loans.      
Pages S3516-21
  Hutchison Modified Amendment No. 3759 (to Amendment No. 3739), to 
maintain the role of the Board of Governors as the supervisor of 
holding companies and State member banks.                
Pages S3521-32
  A unanimous-consent-time agreement was reached providing for further 
consideration of the bill on Wednesday, May 12, 2010, following any 
Leader time, and that the time until 10 a.m., be for debate with 
respect to the following three amendments; with the time equally 
divided and controlled between the two Leaders, or their designees; 
that at 10 a.m., Senate vote on or in relation to the amendments in the 
order listed, with no amendment in order to the amendments prior to a 
vote, with 2 minutes of debate prior to the succeeding votes, and

[[Page D513]]

with the succeeding votes limited to 10 minutes: Merkley Amendment No. 
3962 (to Amendment No. 3739) (listed above); Corker Amendment No. 3955 
(to Amendment No. 3739) (listed above); Hutchison Modified Amendment 
No. 3759 (to Amendment No. 3739); provided further, that the next two 
amendments in order would be: Landrieu-Isakson regarding risk 
retention; and Snowe-Landrieu Amendment No. 3918.            
Page S3532
Message from the President: Senate received the following message from 
the President of the United States:
  Transmitting, pursuant to law, the 2010 National Drug Control 
Strategy; which was referred to the Committee on the Judiciary. (PM-54)
                                                             Page S3535
Nominations Confirmed: Senate confirmed the following nominations:
  Timothy S. Black, of Ohio, to be United States District Judge for the 
Southern District of Ohio.
  Jon E. DeGuilio, of Indiana, to be United States District Judge for 
the Northern District of Indiana.                 
Pages S3509-10, S3568
Messages from the House:                                     
  Page S3535
Measures Read the First Time:                        
  Pages S3535, S3567
Additional Cosponsors:                                   
  Pages S3536-39
Statements on Introduced Bills/Resolutions:              
  Pages S3539-42
Additional Statements:                                       
  Page S3535
Amendments Submitted:                                    
  Pages S3542-66
Authorities for Committees to Meet:                      
  Pages S3566-67
Record Votes: Four record votes were taken today. (Total--140) 
                                                     Pages S3495, S3509
Adjournment: Senate convened at 10 a.m. and adjourned at 7:01 p.m., 
until 9:30 a.m. on Wednesday, May 12, 2010. (For Senate's program, see 
the remarks of the Acting Majority Leader in today's Record on pages 
S3567-68.)