[Congressional Record Volume 156, Number 71 (Wednesday, May 12, 2010)]
[Daily Digest]
[Pages D519-D520]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                                            Wednesday, May 12, 2010

[[Page D519]]

                              Daily Digest

                                 Senate


Chamber Action
Routine Proceedings, pages S3569-S3662
Measures Introduced: Eight bills and three resolutions were introduced, 
as follows: S. 3348-3355, and S. Res. 521-523.               
  Page S3643
Measures Reported:
  S. 736, to provide for improvements in the Federal hiring process and 
for other purposes, with an amendment in the nature of a substitute. 
(S. Rept. No. 111-184)                                       
Page S3643
Measures Passed:
  National Nurses Week: Senate agreed to S. Res. 522, recognizing 
National Nurses Week.                                    
  Pages S3661-62
  Honoring the Crew Who Perished Aboard Deepwater Horizon: Senate 
agreed to S. Res. 523, honoring the crew members who perished aboard 
the offshore oil rig Deepwater Horizon, and extending the condolences 
of the Senate to the families and loved ones of the deceased crew 
members.                                                     
  Page S3662
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 S3569-S3627
Adopted:
  By 63 yeas to 36 nays (Vote No. 141), 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 S3569, S3573-74
  By 91 yeas to 8 nays (Vote No. 143), 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 S3569, S3573, S3574-75
  Snowe/Landrieu Amendment No. 3918 (to Amendment No. 3739), to improve 
title X.                                       
Pages S3576-80, S3591-94
  By 98 yeas to 1 nay (Vote No. 145), Reed/Brown (MA) Amendment No. 
3943 (to Amendment No. 3739), to establish a specific consumer 
protection liaison for service members and their families. 
                                                         Pages S3611-16
  Landrieu Amendment No. 3956 (to Amendment No. 3739), to exempt 
qualified residential mortgages from credit risk retention 
requirements.                                  
Pages S3575-76, S3625-27
  Crapo Modified Amendment No. 3992 (to Amendment No. 3956), to provide 
for credit risk retention requirements for commercial mortgages. 
                                               Pages S3590-91, S3625-27
Rejected:
  By 42 yeas to 57 nays (Vote No. 142), 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 S3569, S3572-73, S3574
  By 39 yeas to 59 nays (Vote No. 144), Chambliss Amendment No. 3816 
(to Amendment No. 3739), to implement regulatory oversight of the swap 
markets, to improve regulators' access to information about all swaps, 
to encourage clearing while preventing concentration of inadequately 
hedged risks in central clearinghouses and ensuring that corporate end 
users can continue to hedge their unique business risks, and to improve 
market transparency.                                  
Pages S3595-S3610
Withdrawn:
  Dodd (for Durbin) Amendment No. 3932 (to Amendment No. 3739), to 
ensure that the fees that small business and other entities are charged 
for accepting debit cards are reasonable and proportional to the costs 
incurred, and to limit payment card networks from imposing anti-
competitive restrictions on small businesses and other entities that 
accept payment cards.                             
Pages S3619-20, S3624
  Dodd (for Franken) Amendment No. 3808 (to Amendment No. 3739), to 
instruct the Securities and Exchange Commission to establish a self-
regulatory organization to assign credit rating agencies to provide 
initial credit ratings.                           
Pages S3619-20, S3624


 =========================== NOTE =========================== 

  
  On page D519, May 12, 2010 the following language appears: 
Withdrawn: Dodd (for Durbin) Amendment No. 3932 (to Amendment No. 
3739), to ensure that the fees that small business and other 
entities are charged for accepting debit cards are reasonable and 
proportional to the costs incurred, and to limit payment card 
networks from imposing anti-competitive restrictions on small 
businesses and other entities that accept payment cards. Pages 
S3619-20 Dodd (for Franken) Amendment No. 3808 (to Amendment No. 
3739), to instruct the Securities and Exchange Commission to 
establish a self-regulatory organization to assign credit rating 
agencies to provide initial credit ratings. Pages S3619-20
  
  The online record has been corrected to read: Withdrawn: Dodd 
(for Durbin) Amendment No. 3932 (to Amendment No. 3739), to ensure 
that the fees that small business and other entities are charged 
for accepting debit cards are reasonable and proportional to the 
costs incurred, and to limit payment card networks from imposing 
anti-competitive restrictions on small businesses and other 
entities that accept payment cards. Pages S3619-20, S3624 Dodd 
(for Franken) Amendment No. 3808 (to Amendment No. 3739), to 
instruct the Securities and Exchange Commission to establish a 
self-regulatory organization to assign credit rating agencies to 
provide initial credit ratings. Pages S3619-20, S3624


 ========================= END NOTE ========================= 


[[Page D520]]

Pending:
  Reid (for Dodd/Lincoln) Amendment No. 3739, in the nature of a 
substitute.                                           
Pages S3569-S3627
  Collins Amendment No. 3879 (to Amendment No. 3739), to mandate 
minimum leverage and risk-based capital requirements for insured 
depository institutions, depository institution holding companies, and 
nonbank financial companies that the Council identifies for Board of 
Governors supervision and as subject to prudential standards. 
                                                         Pages S3616-17
  Brownback Modified Amendment No. 3789 (to Amendment No. 3739), to 
provide for an exclusion from the authority of the Bureau of Consumer 
Financial Protection for certain automobile manufacturers.   
Page S3617
  Brownback (for Snowe/Pryor) Amendment No. 3883 (to Amendment No. 
3739), to ensure small business fairness and regulatory transparency. 
                                                         Pages S3617-18
  Specter Modified Amendment No. 3776 (to Amendment No. 3739), to amend 
section 20 of the Securities Exchange Act of 1934 to allow for a 
private civil action against a person that provides substantial 
assistance in violation of such Act.                     
Pages S3618-19
  Dodd (for Leahy) Amendment No. 3823 (to Amendment No. 3739), to 
restore the application of the Federal antitrust laws to the business 
of health insurance to protect competition and consumers. 
                                                         Pages S3619-20
  Sessions Amendment No. 3832 (to Amendment No. 3739), to provide an 
orderly and transparent bankruptcy process for non-bank financial 
institutions and prohibit bailout authority.             
Pages S3620-24
  Dodd (for Durbin) Amendment No. 3989 (to Amendment No. 3739), to 
ensure that the fees that small businesses and other entities are 
charged for accepting debit cards are reasonable and proportional to 
the costs incurred, and to limit payment card networks from imposing 
anti-competitive restrictions on small businesses and other entities 
that accept payment cards.                               
Pages S3624-25
  Dodd (for Franken) Amendment No. 3991 (to Amendment No. 3739), to 
instruct the Securities and Exchange Commission to establish a self-
regulatory organization to assign credit rating agencies to provide 
initial credit ratings.                                  
Pages S3624-25
  A unanimous-consent agreement was reached providing for further 
consideration of the bill at 9:30 a.m., on Thursday, May 13, 2010. 
                                                             Page S3662
Message from the President: Senate received the following message from 
the President of the United States:
  Transmitting, pursuant to law, a report on the continuation of the 
national emergency that was originally declared in Executive Order 
13303 of May 22, 2003; which was referred to the Committee on Banking, 
Housing, and Urban Affairs. (PM-55)                          
Page S3641
Nominations Confirmed: Senate confirmed the following nominations:
  Parker Loren Carl, of Kentucky, to be United States Marshal for the 
Eastern District of Kentucky for the term of four years.
  Gerald Sidney Holt, of Virginia, to be United States Marshal for the 
Western District of Virginia for the term of four years.
  Stephen T. Ayers, of Maryland, to be Architect of the Capitol for the 
term of ten years. (Prior to this action, Committee on Rules and 
Administration was discharged from further consideration.)
  Jerry E. Martin, of Tennessee, to be United States Attorney for the 
Middle District of Tennessee for the term of four years.
  Robert R. Almonte, of Texas, to be United States Marshal for the 
Western District of Texas for the term of four years. 
                                                     Pages S3627, S3662
Messages from the House:                                     
  Page S3641
Measures Referred:                                           
  Page S3641
Measures Placed on the Calendar:                     
  Pages S3569, S3641
Executive Communications:                                
  Pages S3641-43
Additional Cosponsors:                                   
  Pages S3643-46
Statements on Introduced Bills/Resolutions:              
  Pages S3646-47
Additional Statements:                                   
  Pages S3640-41
Amendments Submitted:                                    
  Pages S3647-60
Notices of Hearings/Meetings:                            
  Pages S3660-61
Authorities for Committees to Meet:                          
  Page S3661
Privileges of the Floor:                                     
  Page S3661
Record Votes: Five record votes were taken today. (Total--145) 
                                           Pages S3574-75, S3610, S3613
Adjournment: Senate convened at 9:30 a.m. and adjourned at 8:26 p.m., 
until 9:30 a.m. on Thursday, May 13, 2010. (For Senate's program, see 
the remarks of the Acting Majority Leader in today's Record on page 
S3662.)