[Congressional Record Volume 156, Number 90 (Wednesday, June 16, 2010)]
[Daily Digest]
[Pages D680-D682]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



[[Page D680]]

                        House of Representatives


Chamber Action
Public Bills and Resolutions Introduced: 14 public bills, H.R. 5535-
5548; and 4 resolutions, H.J. Res. 89; and H. Res. 1446-1447, 1449 were 
introduced.                                              
  Pages H4596-97
Additional Cosponsors:                                   
  Pages H4597-98
Report Filed: A report was filed today as follows:
  H. Res. 1448, providing for further consideration of the bill (H.R. 
5297) to create the Small Business Lending Fund Program to direct the 
Secretary of the Treasury to make capital investments in eligible 
institutions in order to increase the availability of credit for small 
businesses (H. Rept. 111-508).                               
Page H4596
Speaker: Read a letter from the Speaker wherein she appointed 
Representative Pastor to act as Speaker pro tempore for today. 
                                                             Page H4509
Chaplain: The prayer was offered by the Guest Chaplain, Rabbi Joshua 
Davidson, Temple Beth El of Northern Westchester, Chappaqua, New York. 
                                                             Page H4509
Small Business Lending Fund Act of 2010: The House began consideration 
of H.R. 5297, to create the Small Business Lending Fund Program to 
direct the Secretary of the Treasury to make capital investments in 
eligible institutions in order to increase the availability of credit 
for small businesses. Consideration is expected to resume tomorrow, 
June 17th.                                               
  Pages H4513-42
  Agreed by unanimous consent that the instruction in the amendment 
printed in part B of House Report 111-506 relating to page 11, line 8, 
be considered to refer to section 4(d)(2)(A) of the matter proposed to 
be inserted by the amendment printed in part A of such report, as 
amended by the amendment in part B of such report.           
Page H4513
  Pursuant to the rule, the amendment in the nature of a substitute 
printed in part A of H. Rept. 111-506, modified by the amendment 
printed in part B of H. Rept. 111-506, shall be considered as an 
original bill for the purpose of amendment under the five-minute rule, 
in lieu of the amendment in the nature of a substitute recommended by 
the Committee on Financial Services now printed in the bill. 
                                                             Page H4520
  Agreed to:
  Nye amendment (No. 3 printed in H. Rept. 111-506) that adds four 
stipulations to the Small Business Lending Fund to ensure small 
businesses are not excluded from certain programs in the bill: (1) base 
SBLF incentives on number of loans an institution makes, not just the 
total dollars of loans; (2) include Small Business Lending Centers with 
less than $10 billion in assets as qualified financial institutions to 
participate in the SBLF; (3) add the SBA definition to define what a 
small business is; and (4) change the base lending amount from a 
comparison of the fourth quarter of 2009, to a full year of data; 
                                                         Pages H4529-31
  Minnick amendment (No. 4 printed in H. Rept. 111-506), as modified, 
that makes non-owner occupied commercial real estate loans eligible for 
the program;                                                 
Page H4531
  Perlmutter amendment (No. 5 printed in H. Rept. 111-506) that allows 
small banks to amortize losses or write-downs on commercial real estate 
loans over a 10-year period, freeing up more capital for these small 
institutions to lend to small businesses;                
Pages H4531-33
  Price (GA) amendment (No. 6 printed in H. Rept. 111-506) that 
expresses the Sense of Congress that small business lending is being 
hindered by mixed messages from federal financial regulators; 
                                                             Page H4533
  Al Green (TX) amendment (No. 7 printed in H. Rept. 111-506) that 
improves disclosures by eligible institutions receiving funding under 
the program;                                             
Pages H4533-35
  Driehaus amendment (No. 8 printed in H. Rept. 111-506) that 
institutes a new Office of Small Business Lending Fund Oversight; 
                                                         Pages H4535-36
  Michaud amendment (No. 11 printed in H. Rept. 111-506) that ensures 
that state-run venture capital fund programs will be able to qualify as 
``state other credit support programs,'' as long as they do not use 
funds under H.R. 5297 to lend to businesses with more than 750 
employees. It clarifies that state-run venture capital fund programs 
will be able to qualify as ``state other credit support programs,'' as 
long as they meet all other requirements;                
Pages H4536-37
  Loretta Sanchez (CA) amendment (No. 13 printed in H. Rept. 111-506) 
that includes as part of the selection criteria for investment 
companies the extent to which the applicant will concentrate investment

[[Page D681]]

activities on small business concerns in targeted industries; 
                                                         Pages H4538-39
  Cuellar amendment (No. 14 printed in H. Rept. 111-506) that requires 
the Secretary to take into consideration areas with high unemployment 
rates that exceed the national average to increase opportunities for 
small business development;                                  
Page H4539
  Braley (IA) amendment (No. 15 printed in H. Rept. 111-506) that 
requires the use of plain writing by the Department of the Treasury and 
the Small Business Administration for documents relevant to obtaining a 
benefit or service under the bill;                       
Pages H4539-40
  Loebsack amendment (No. 16 printed in H. Rept. 111-506) that includes 
a Sense of Congress stating that agriculture operations, farms, and 
rural communities should receive equal consideration through lending 
activities for small businesses, particularly small and mid-size farms 
and agriculture operations; and attention should be given to ensuring 
there is adequate small business credit and financing availability in 
the agriculture and farming sectors; and                 
Pages H4540-41
  Al Green (TX) amendment (No. 17 printed in H. Rept. 111-506) that (1) 
requires the inclusion of linguistically and culturally appropriate 
outreach where appropriate to the applicants small business lending 
plan; (2) provides for linguistically and culturally appropriate 
minority outreach and advertising; (3) explicitly states minority-owned 
financial institutions are eligible for consideration of by the 
Secretary for funding; and (4) requires the Secretary, to the extent 
possible, to disaggregate the results of the report on women-owned and 
minority-owned business by ethnic group and gender.      
Pages H4541-42
Proceedings Postponed:
  Israel amendment (No. 1 printed in H. Rept. 111-506) that seeks to 
add veteran- and women-owned businesses to the groups that will receive 
outreach under the Small Business Lending Fund established by the bill. 
It seeks to add veteran-owned businesses to those businesses that 
should receive consideration in the Fund, add veterans to the study on 
lending assistance, and require the study to report not just on the 
number of loans made to women-, veteran- and minority-owned businesses, 
but the percent of loans that go to them as a part of the program and 
                                                             Page H4529
  Cao amendment (No. 12 printed in H. Rept. 111-506) that seeks to 
provide funding to eligible institutions that serve small businesses in 
communities that have suffered negative economic effects as a result of 
the Deepwater Horizon oil spill with particular consideration to States 
along the coast of the Gulf of Mexico.                   
Pages H4537-38
  H. Res. 1436, the rule providing for consideration of the bills (H.R. 
5486) and (H.R. 5297) was agreed to on Tuesday, June 15th.
Suspensions: The House agreed to suspend the rules and pass the 
following measures:
  Collinsville Renewable Energy Promotion Act: H.R. 4451, amended, to 
reinstate and transfer certain hydroelectric licenses and extend the 
deadline for commencement of construction of certain hydroelectric 
projects;                                                
  Pages H4542-43
  Honoring and praising the National Association for the Advancement of 
Colored People on the occasion of its 101st anniversary: H. Con. Res. 
242, to honor and praise the National Association for the Advancement 
of Colored People on the occasion of its 101st anniversary, by a \2/3\ 
yea-and-nay vote of 421 yeas with none voting ``nay'', Roll No. 365; 
                                               Pages H4543-46, H4568-69
  Honoring the Department of Justice on the occasion of its 140th 
anniversary: H. Res. 1422, to honor the Department of Justice on the 
occasion of its 140th anniversary, by a \2/3\ yea-and-nay vote of 416 
yeas to 3 nays, Roll No. 366; and                 
  Pages H4546-48, H4569
  Government Efficiency, Effectiveness, and Performance Improvement Act 
of 2010: H.R. 2142, amended, to require the review of Government 
programs at least once every 5 years for purposes of assessing their 
performance and improving their operations, and to establish the 
Performance Improvement Council.                         
  Pages H4553-59
  Agreed to amend the title so as to read: ``To require quarterly 
performance assessments of Government programs for purposes of 
assessing agency performance and improvement, and to establish agency 
performance improvement officers and the Performance Improvement 
Council.''.                                                  
Page H4559
Suspension--Proceedings Resumed: The House agreed to suspend the rules 
and agree to the following measure which was debated on Tuesday, June 
15th:
  Congratulating Urban Prep Charter Academy for Young Men--Englewood 
Campus: H. Res. 1414, amended, to congratulate Urban Prep Charter 
Academy for Young Men--Englewood Campus, the Nation's first all-male 
charter high school, for achieving a 100 percent college acceptance 
rate for all 107 members of its first graduating class of 2010, by a 
\2/3\ recorded vote of 420 ayes with none voting ``no'', Roll No. 367. 
                                                         Pages H4569-70
Suspensions--Proceedings Postponed: The House debated the following 
measures under suspension of the rules. Further proceedings were 
postponed:

[[Page D682]]

  Supporting the goals and ideals of American Education Week: H. Res. 
879, amended, to support the goals and ideals of American Education 
Week;                                                    
  Pages H4548-49
  Commending and congratulating the Hollywood Walk of Fame on the 
occasion of its 50th anniversary: H. Res. 1357, to commend and 
congratulate the Hollywood Walk of Fame on the occasion of its 50th 
anniversary;                                             
  Pages H4549-52
  Celebrating the symbol of the United States flag and supporting the 
goals and ideals of Flag Day: H. Res. 1429, to celebrate the symbol of 
the United States flag and to support the goals and ideals of Flag Day;
                                                         Pages H4552-53
  Recognizing the 60th anniversary of the outbreak of the Korean War 
and reaffirming the United States-Korea alliance: H. J. Res. 86, to 
recognize the 60th anniversary of the outbreak of the Korean War and to 
reaffirm the United States-Korea alliance; and           
  Pages H4559-64
  Recognizing the 235th birthday of the United States Army: H. Con. 
Res. 286, to recognize the 235th birthday of the United States Army. 
                                                         Pages H4564-68
Committee Election: The House agreed to H. Res. 1447, electing certain 
minority members to certain standing committees: Committee on 
Agriculture: Representative Rooney. Committee on Homeland Security: 
Representative Graves (GA). Committee on Transportation and 
Infrastructure: Representative Graves (GA).                  
  Page H4570
Discharge Petition: Representative King (IA) presented to the clerk a 
motion to discharge the Committees on Energy and Commerce, Ways and 
Means, Education and Labor, the Judiciary, Natural Resources, Rules, 
House Administration, and Appropriations from the consideration of H.R. 
4972, to repeal the Patient Protection and Affordable Care Act 
(Discharge Petition No. 11).
Senate Message: Message received from the Senate today appears on page 
H4509.
Quorum Calls--Votes: Two yea-and-nay votes and one recorded vote 
developed during the proceedings of today and appear on pages H4568-69, 
H4569, H4570. There were no quorum calls.
Adjournment: The House met at 10 a.m. and adjourned at 8:50 p.m.