[Congressional Record Volume 170, Number 42 (Friday, March 8, 2024)]
[House]
[Pages H1038-H1048]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
EXPANDING ACCESS TO CAPITAL ACT OF 2023
The SPEAKER pro tempore (Mr. Wittman). Pursuant to House Resolution
1052 and rule XVIII, the Chair declares the House in the Committee of
[[Page H1039]]
the Whole House on the state of the Union for the further consideration
of the bill, H.R. 2799.
Will the gentlewoman from Minnesota (Mrs. Fischbach) kindly take the
chair.
{time} 0914
In the Committee of the Whole
Accordingly, the House resolved itself into the Committee of the
Whole House on the state of the Union for the further consideration of
the bill (H.R. 2799) to make reforms to the capital markets of the
United States, and for other purposes, with Mrs. Fischbach (Acting
Chair) in the chair.
The Clerk read the title of the bill.
The Acting CHAIR. When the Committee of the Whole rose on Thursday,
March 7, 2024, amendment No. 5 printed in part B of House Report 118-
407 offered by the gentleman from California (Mr. Sherman) had been
disposed of.
Amendment No. 6 Offered by Ms. Houlahan
The Acting CHAIR. It is now in order to consider amendment No. 6
printed in part B of House Report 118-407.
Ms. HOULAHAN. Madam Chair, I have an amendment at the desk.
The Acting CHAIR. The Clerk will designate the amendment.
The text of the amendment is as follows:
Page 29, line 25, strike ``and'' at the end.
Page 29, after line 25, insert the following:
(2) examining the effects of the failure of Silicon Valley
Bank in the United States on--
(A) insured depository institutions (as defined in section
3 of the Federal Deposit Insurance Act) with less than
$10,000,000,000 in consolidated assets; and
(B) small business lending; and
Page 30, line 1, strike ``(2)'' and insert ``(3)''.
The Acting CHAIR. Pursuant to House Resolution 1052, the gentlewoman
from Pennsylvania (Ms. Houlahan) and a Member opposed each will control
5 minutes.
The Chair recognizes the gentlewoman from Pennsylvania.
Ms. HOULAHAN. Madam Chair, I rise today to urge my colleagues to
support my very straightforward amendment to protect small businesses
and community banks in the wake of financial crisis, and I thank
Ranking Member Waters for the opportunity to lead on this issue.
I want to take this Chamber back 1 year ago to the collapse of
Silicon Valley Bank that sent our financial system into disarray. In 48
hours' time, one of the largest U.S. banks failed, impacting customers,
investors, businesses, and stockholders across our Nation.
Silicon Valley Bank's failure subsequently led to the collapse of
Signature and Silvergate Banks in rapid succession as well, making this
crisis one of the most significant banking failures in United States
history.
After moments like these, it is important that Congress and key
agencies like the U.S. Securities and Exchange Commission fully
understand the scope and impacts to our economy. Transparency and
accountability are essential to instill confidence in our capital
markets and to prevent another crisis from tanking our economy in the
same way.
In conducting the analysis, we must not only examine and understand
the impact of the broader macroeconomy, but we must also make a
concerted effort to understand the effects on small businesses and
community banks that drive our Main Streets.
According to Federal Reserve data, deposits at smaller community
banks dropped by $120 billion in the week following the collapse. This
is especially troubling when we consider that smaller banks hold
approximately 36 percent of our business loans, according to the FDIC.
In other words, community banks took a hit in the immediate aftermath
of the failure, which is especially concerning considering the high
number of Main Street businessowners that utilize them.
Our Federal Government has a responsibility to gather data on exactly
how this crisis impacted our mom-and-pop shops and the community banks
that they depend on for crucial lines of capital. We must ensure that
we learn from and take action to prevent the missteps and events of the
past as well.
That is why I am offering this very straightforward and very
commonsense amendment to ensure that the SEC's Advocate for Small
Business Capital Formation study the effects of the collapse of Silicon
Valley Bank on community banks and small business lending alike.
The Advocate, whose job it is to advance the interests of small
businesses and their investors, would then be required, under this
amendment, to provide Congress and the SEC with a report of its
findings and recommendations.
One month after the Silicon Valley Bank's collapse, I had a chance to
meet with a group of local Pennsylvania bank leaders, including
Customers Bank, Presence Bank, and First Resource Bank, located in my
district. Each one of these banks was deeply concerned about their
ability to serve the small businesses that drive the economy, create
and sustain jobs, and fund the American Dream.
I specifically recall the CEO of Customers Bank, located in the Sixth
Congressional District, sharing the account of the fear that small
businesses had when this happened. They were concerned that they would
not be able to meet payroll and other obligations.
This conversation, and outreach from many other concerned businesses
in my community, is why I am putting forward this amendment. At the end
of the day, these are jobs and livelihoods that are at stake.
I want to also be clear and address a falsehood. This amendment does
not attempt to imply that the SEC regulates banks. This amendment
clearly speaks to the responsibilities of the Advocate for Small
Business Capital Formation to advance the interests of small businesses
and their investors. It will allow Congress to take the requisite
action to protect small businesses and community banks ahead of future
financial crises and help them be more secure and more resilient.
Once again, I urge my colleagues, both Democrat and Republican, to
support my straightforward and very commonsense amendment to protect
our Main Streets and to ensure accountability and transparency in our
financial system.
Madam Chair, I yield the balance of my time to the gentlewoman from
California (Ms. Waters), and I thank her for her continued leadership.
Ms. WATERS. Madam Chair, I thank my colleague from Pennsylvania for
offering this important amendment which mandates the SEC report on the
impact Silicon Valley Bank's collapse has had on local banks and small
business lending.
Our committee's previous examination of the 2023 banking crisis,
while informative, should not be the end of the story. With the
expertise of its talented and knowledgeable staff, the SEC can
supplement our reporting and is sure to provide further valuable
insight into what exactly happened and how regulators and lawmakers can
avoid this from occurring again in the future.
Madam Chair, I urge my colleagues to vote ``yes'' on this amendment.
Mrs. WAGNER. Madam Chair, I claim the time in opposition, and I am
indeed opposed to this amendment.
The Acting CHAIR. The gentlewoman from Missouri is recognized for 5
minutes.
Mrs. WAGNER. Madam Chair, Republicans agree that the failure of
Silicon Valley Bank and other institutions last March should be studied
to better understand their impact on lending and community banks. That
is why the Financial Services Committee devoted much of last spring and
summer to holding a series of bipartisan hearings to better understand
the bank failures and their consequences. We also advanced a package of
legislation in response to the bank failures.
However, studies about lending and community banks should be done by
banking regulators. Such a study is far outside the expertise of the
SEC and especially the Advocate for Small Business Capital Formation.
H.R. 2799 does not include a study on banking services for venture
funds. However, the focus of our study is to better understand venture
capital and the potential obstacles preventing their growth or
hindering their ability to serve the entrepreneurs they invest in,
especially for smaller venture funds outside of major financial hubs.
The study required by this amendment is materially different. The SEC
is very experienced in regulating and studying venture funds, but bank
lending and community banks are far outside the SEC's remit.
[[Page H1040]]
While I appreciate my colleague's interest in better understanding
the implications of the bank failures on lending, this is not the
proper package for this amendment.
For those reasons, I urge my colleagues to reject this amendment and
support the underlying legislation.
Madam Chair, I yield back the balance of my time.
Ms. HOULAHAN. Madam Chair, I yield back the balance of my time.
The Acting CHAIR. The question is on the amendment offered by the
gentlewoman from Pennsylvania (Ms. Houlahan).
The question was taken; and the Acting Chair announced that the noes
appeared to have it.
Ms. HOULAHAN. Madam Chair, I demand a recorded vote.
The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further
proceedings on the amendment offered by the gentlewoman from
Pennsylvania will be postponed.
Amendment No. 7 Offered by Ms. Tlaib
The Acting CHAIR. It is now in order to consider amendment No. 7
printed in part B of House Report 118-407.
Ms. TLAIB. Madam Chair, I have an amendment at the desk made in order
by the rule.
The Acting CHAIR. The Clerk will designate the amendment.
The text of the amendment is as follows:
Page 5, before line 1, insert the following:
SEC. 2. LIMITATION WITH RESPECT TO CERTAIN COMPANIES.
An exemption or benefit provided under this Act or the
amendments made by this Act may only apply to a company that
does not impose junk fees on customers.
The Acting CHAIR. Pursuant to House Resolution 1052, the gentlewoman
from Michigan (Ms. Tlaib) and a Member opposed each will control 5
minutes.
The Chair recognizes the gentlewoman from Michigan.
Ms. TLAIB. Madam Chair, we all know there are incredibly important
issues that are facing many of our families, and one of them is the
rise in just uncontrollable corporate greed that we continue to see.
If you want your child to sit next to you on the airplane, expect a
fee. If you cancel your cable early, expect a fee. If you pay your
credit card late, in Michigan, average credit card late fees from big
banks are more than $20. Sadly, even the medical industry imposes
hidden costs and surprise bills. Collectively, these junk fees cost our
residents billions of dollars each year, Madam Chair.
The telecommunications industry alone takes in an estimated $28
billion in fees annually from our residents. This is wrong. It is
actually sick. We must push back against corporate greed.
Consumers should not have to deal with hidden charges and fees. None
of my residents should have to deal with this, especially as the rising
cost of services and fees continue to happen on top of these hidden
fees. In this Chamber, we should all make sure that any law we pass
does not support companies that exploit consumers. It is so important.
My amendment is simple. It ensures that any exemptions or benefits
provided in this act may not apply to companies that impose the junk
fees on our residents. That is it.
The act makes it easier for companies that employ gig workers to pay
them in equity in lieu of a real salary. It exempts small issuers from
disclosing basic financial information like revenues and expenses. It
expands exemptions for venture capital funds, which played a
significant part in the Silicon Valley Bank failure.
Regulation on the private funds industry would revert back to pre-
Dodd-Frank era, allowing such funds to avoid supplying the SEC with
basic information.
Such Wall Street giveaways we know are problematic and debatable.
What is not debatable is that this body would relax or roll back
regulations meant to protect our retirees and at the same time reward
the companies that are literally negatively impacting our hardworking
families with hidden fees and surprise costs. It is maddening.
I urge my colleagues to protect consumers and to promote
transparency--they deserve to know--by adopting my amendment, which
would ensure that those companies that benefit from this act do not
also profit from imposing junk fees on our residents.
Madam Chair, I yield the balance of my time to the gentlewoman from
Pennsylvania (Ms. Houlahan).
Ms. HOULAHAN. Madam Chair, I thank Representative Tlaib for yielding
to me.
I rise today in opposition to H.R. 2799, the Expanding Access to
Capital Act of 2023, because it would remove critical safeguards
against fraud and abuse in our financial markets at the expense of
everyday Americans.
This bill represents a set of policies that would deregulate Wall
Street and further enrich the wealthiest of our communities, all while
reducing investor confidence and protections for retirees and for mom-
and-pop investors.
We already see the practices of private equity funds making single
family homes unaffordable and an increasing number of rural hospitals
inaccessible. The last thing we need to do is to make the situation
worse.
It is for this reason, at the appropriate time, that I will offer a
motion to recommit this bill back to committee. If the House rules
permitted, I would have offered the motion with an important amendment
to this bill. Instead of enabling bad actors, my amendment would
protect the privacy of women utilizing in vitro fertilization by
prohibiting the Securities and Exchange Commission from requiring a
business that provides IVF treatments from disclosing any personal
identity information on the individual who is receiving the treatment,
the medical or support personnel who are providing that treatment, or
the clients of such businesses.
{time} 0930
In the Dobbs decision, we saw the Supreme Court tear away our
constitutional right to privacy. All Americans, regardless of where
they live, should be able to access the assisted reproductive
technologies that they need to start or grow their families, including
IVF, without the fear that their personal information will be shared.
Our medical providers deserve to be able to do their jobs and to help
patients make their best decisions for their circumstances without fear
of retribution.
Madam Chair, I include the text of my amendment in the Record. I hope
that my colleagues will join me in voting for the motion to recommit.
Ms. Houlahan moves to recommit the bill H.R. 2799 to the
Committee on Financial Services with instructions to report
the same back to the House forthwith with the following
amendment:
After section 1, insert the following:
SEC. 2. PROHIBITION ON RESTRICTING IVF TREATMENTS.
(a) In General.--The Securities and Exchange Commission may
not--
(1) require an issuer that provides in vitro fertilization
treatments to women, regardless of the location of such
treatment, to disclose any personal identifying information
of--
(A) the women who receive such treatment;
(B) medical or support personnel providing services to the
treatment center where the treatments are performed; or
(C) clients of such issuer; or
(2) take any enforcement action solely on the basis of the
provision of such treatments.
(b) Listing Standards.--The Commission may not approve any
listing standards of a national securities exchange that
requires a public company that provides in vitro
fertilization treatments to women, regardless of the location
of such treatment, to disclose any personal identifying
information of--
(1) the women who receive such treatment;
(2) medical or support personnel providing services to the
treatment center where the treatments are performed; or
(3) clients of such issuer.
Ms. TLAIB. Madam Chair, may I inquire how much time is remaining.
The Acting CHAIR. The gentlewoman from Michigan has 30 seconds
remaining.
Ms. TLAIB. Madam Chair, I reserve the balance of my time.
Mrs. WAGNER. Madam Chair, I claim the time in opposition to this
amendment.
The Acting CHAIR. The gentlewoman from Missouri is recognized for 5
minutes.
Mrs. WAGNER. Madam Chair, I rise in opposition to the amendment
offered by the gentlewoman from Michigan.
Not only is this amendment problematic, but as drafted, it is also
unenforceable. Nowhere in Federal law is the term ``junk fees''
defined--not in our securities laws and not in this amendment.
[[Page H1041]]
I know the Biden administration's financial regulators like to create
new terms to advance the President's political agenda, but we shouldn't
be making up new terms without defining them here in Congress.
The companies impacted by this amendment would be equally in the
dark.
How can a company know if a given fee is so-called junk when neither
the SEC nor the amendment can define it?
Should they just charge no fees at all, potentially putting some firm
out of business?
The only fees Democrats seem to want to spare from this political
crusade are those charged by the government itself. For example, the
IRS charges fees to folks who pay their taxes late. I get it. No one
wants to pay fees, but charging fees for a product or service is a
normal part of doing business.
Madam Chair, I urge my colleagues to oppose this amendment, and I
reserve the balance of my time.
Ms. TLAIB. Madam Chair, yes, but it is surprise fees. It is hidden
fees. Many of the residents outside this Chamber would disagree.
I think it is really important to understand the underlying bill
amends the security laws, and the security laws are administered by the
SEC. Be that as it may, it is incredibly important to understand that,
of course, there are fees, but hidden fees. We are talking about
hidden, surprise fees that our residents know nothing about. That is
the essence of why we need this amendment.
Again, we cannot continue to allow our residents to be impacted
negatively by the fact that they don't want to be transparent. They
want to hide these fees. They don't want us to know exactly what they
are charging us.
So, again, I think it is incredibly important.
Madam Chair, I yield back the balance of my time.
Mrs. WAGNER. Madam Chair, may I inquire how much time I have
remaining.
The Acting CHAIR. The gentlewoman from Missouri has 3\1/2\ minutes
remaining.
Mrs. WAGNER. Madam Chair, I just want to reiterate my opposition to
this amendment.
As I said, the only fees Democrats seem to want to spare from the
political crusade are those charged by the government itself. As I
said, the Internal Revenue Service charges fees to folks who pay their
taxes late.
There is no definition of junk fee anywhere in here.
I would also like to point out to the gentlewoman from Michigan that
I was a sponsor of the Families Fly Together Act which did away with
additional fees for children who are accompanied by their parents on a
plane. Those children get to fly free with their parents. That was my
piece of legislation. It is called Families Fly Together. It was in the
base legislation of the Federal Aviation Administration
reauthorization, and it passed this U.S. House Chamber without the
gentlewoman from Michigan's support.
Madam Chair, I urge my colleagues to oppose this amendment, and I
yield back the balance of my time.
The Acting CHAIR. The question is on the amendment offered by the
gentlewoman from Michigan (Ms. Tlaib).
The question was taken; and the Acting Chair announced that the noes
appeared to have it.
Ms. TLAIB. Madam Chair, I demand a recorded vote.
The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further
proceedings on the amendment offered by the gentlewoman from Michigan
will be postponed.
Amendment No. 8 Offered by Mr. Lynch
The Acting CHAIR. It is now in order to consider amendment No. 8
printed in part B of House Report 118-407.
Mr. LYNCH. Madam Chair, I have an amendment at the desk.
The Acting CHAIR. The Clerk will designate the amendment.
The text of the amendment is as follows:
Page 5, before line 1, insert the following:
SEC. 2. EFFECTIVE DATE.
This Act and the amendments made by this Act shall take
effect on the date the Securities and Exchange Commission, in
consultation with State securities regulators, certifies to
Congress that nothing in this Act or the amendments made by
this Act will increase fraud.
The Acting CHAIR. Pursuant to House Resolution 1052, the gentleman
from Massachusetts (Mr. Lynch) and a Member opposed each will control 5
minutes.
The Chair recognizes the gentleman from Massachusetts.
Mr. LYNCH. Madam Chair, in the interest of investor protection, my
amendment would prevent H.R. 2799 from taking effect unless the
Securities and Exchange Commission certifies to Congress that this
misguided legislation will not increase the amount of fraud in our
financial system.
Importantly, this certification would be based on SEC consultation
with our State securities regulators.
As ranking member of the Subcommittee on Digital Assets, Financial
Technology and Inclusion, I am strongly supportive of reducing barriers
to capital market participation in a manner that maximizes investor
protection, regulatory oversight, and responsible capital formation.
Unfortunately, this bill removes basic protections and promotes
reckless deregulation at the expense of all three.
Not surprisingly, our State securities regulators are overwhelmingly
opposed to the so-called Expanding Access to Capital Act because it
would preempt critical State laws that are in place to protect retail
investors against fraud and other financial misconduct.
In my own State of Massachusetts, our longtime Secretary of the
Commonwealth and chief securities regulator, Bill Galvin, reports this
bill would significantly undermine the State's ability to regulate
financial middlemen such as finders and private placement brokers and
that these financial intermediaries regularly promote private
investments that are both high risk and nonliquid.
By providing these individuals with a virtual safe harbor from
registration and other important investor protection requirements, H.R.
2799 will weaken oversight and enforcement in this area. According to
Secretary Galvin, finders will be ``invisible to regulators and market
observers until problems arise.''
The Massachusetts Securities Division has, in fact, commenced several
recent enforcement actions related to finder misconduct, including the
solicitation of fraudulent promissory notes to further a Ponzi scheme
and the use of scam investment tactics to raise small business capital
for businesses that never materialized. These schemes have cost
Massachusetts investors millions of dollars.
Similarly, the North American Securities Administrators Association,
which is on the front line of investor protections across our country,
strongly opposes this legislation on the grounds that it would make it
impossible for State securities regulators to promote responsible
capital formation and protect investors in the States.
Under existing investor protection statutes and registration
requirements, regulators are able to directly engage with small
business owners and entrepreneurs to educate them on responsible
options for raising capital, help them avoid compliance mistakes, and
deter fraud that will harm investors and businesses alike.
The bill before us, however, would undermine these efforts by
obscuring finders and other middlemen from the lines of sight of State
and Federal regulatory authorities.
Moreover, bad actors are increasingly peddling cryptocurrency asset
securities. In the wake of the abrupt collapse of FTX and the
conviction of its founder, Sam Bankman-Fried, for stealing nearly $10
billion in customer funds, we are well aware of the volatility of the
cryptocurrency sector and its susceptibility to financial fraud. We
should be strengthening transparency and accountability in the private
securities markets rather than facilitating reckless financial
behavior.
Madam Chair, our capital markets are the envy of the world,
specifically because of the robust State and Federal regulatory regimes
that function to protect investors and promote confidence in capital
formation.
H.R. 2799 will dismantle this framework. That is precisely why a
variety of consumer and investor protection advocates also strongly
oppose the bill, including the Consumer Federation of America,
Americans for Financial Reform, and Public Citizen. They report
[[Page H1042]]
that an alarming proportion of the individuals who act as financial
middlemen already have numerous red flags on their records, presenting
an elevated risk of fraud to investors.
Madam Chair, I urge my colleagues on both sides of the aisle to
support this commonsense investor protection amendment, and I reserve
the balance of my time.
Mrs. WAGNER. Madam Chair, I rise in opposition to the amendment.
The Acting CHAIR. The gentlewoman from Missouri is recognized for 5
minutes.
Mrs. WAGNER. Madam Chair, I appreciate the gentleman's concern about
fraud in our financial system--it is a serious problem that impacts far
too many Americans. However, his intent in offering this unnecessary
and unworkable amendment seems to be to ensure this bill never takes
effect.
This amendment would provide State regulators and unelected
bureaucrats with veto power over duly passed laws. That should concern
everyone in this Chamber.
Let's dig into this.
First, the amendment is unnecessary. The Federal securities laws
already include broad antifraud provisions that are designed to protect
investors. The same provisions offer recourse against those who have
engaged in security fraud.
The Federal securities laws also include bad actor disqualifications
that prevent fraudsters from benefiting from certain privileges offered
under the securities laws.
To be clear, nothing in the Expanding Access to Capital Act would
modify, remove, or limit the securities laws' antifraud or bad actor
provisions in any way, period.
Second, the amendment is entirely unworkable. For example, the
amendment broadly states the SEC must ``consult with State security
regulators.''
All States? Certain States?
If so, who decides which States?
Can one State block the law from taking effect?
Congress does not need approval from the executive branch agencies
and State regulators to do its job.
Let's be serious. Fewer companies are entering our public markets
than at any time in recent history, and the current SEC is ignoring its
statutory mandate to facilitate capital formation.
Congress has an obligation to make law to address these glaring
issues. I would welcome my Democratic colleagues to join Republicans in
our efforts to help small businesses, entrepreneurs, and investors by
supporting H.R. 2799.
Madam Chair, I reserve the balance of my time.
Announcement by the Acting Chair
The Acting CHAIR. The Chair will remind all persons in the gallery
that they are here as guests of the House and that any manifestation of
approval or disapproval of proceedings or other audible conversation is
in violation of the rules of the House.
Mr. LYNCH. Madam Chair, may I inquire how much time I have remaining.
The Acting CHAIR. The gentleman from Massachusetts has 30 seconds
remaining.
Mr. LYNCH. Very briefly, Madam Chair, I would just add that in this
bill there are several preemption provisions that prevent State
regulators from actually doing their jobs, and that is problematic.
They are, in many cases, elected officials. They are not unelected
officials. Their responsibility is to protect investors, and they have
done a good job in all 50 States.
So, again, Madam Chair, for all the reasons I previously stated, I
ask Members on both sides of the aisle to please support this
commonsense amendment.
Madam Chair, I yield back the balance of my time.
Mrs. WAGNER. Madam Chair, may I inquire how much time I have
remaining.
The Acting CHAIR. The gentlewoman from Missouri has 2\1/2\ minutes
remaining.
Mrs. WAGNER. Madam Chair, I would mention to my good friend, my
colleague, Mr. Lynch, that the preemption clauses were struck in the
manager's amendment. I do certainly appreciate the gentleman's concern
about fraud in our financial system. However, his intent in offering
this very unnecessary and unworkable amendment seems to be to ensure
this bill never takes effect.
Madam Chair, I urge my colleagues to oppose this amendment, and I
yield back the balance of my time.
The Acting CHAIR. The question is on the amendment offered by the
gentleman from Massachusetts (Mr. Lynch).
The question was taken; and the Acting Chair announced that the noes
appeared to have it.
Mr. LYNCH. Madam Chair, I demand a recorded vote.
The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further
proceedings on the amendment offered by the gentleman from
Massachusetts will be postponed.
Amendment No. 9 Offered by Ms. Waters
The Acting CHAIR. It is now in order to consider amendment No. 9
printed in part B of House Report 118-407.
Ms. WATERS. Madam Chair, I have an amendment at the desk made in
order under the rule.
The Acting CHAIR. The Clerk will designate the amendment.
The text of the amendment is as follows:
Insert after section 2202 the following:
SEC. 2203. ANNUAL DISCLOSURES ON INVESTMENTS BY NON-EXEMPT
PRIVATE FUND ADVISERS.
(a) In General.--Section 204(b) of the Investment Advisers
Act of 1940 (15 U.S.C. 80b-4(b)) is amended by adding at the
end the following:
``(12) Annual disclosures on investments by non-exempt
private fund advisers.--
``(A) In general.--Each investment adviser who advises
private funds and is not exempt from registration pursuant to
section 203(m) shall file an annual report with the
Commission disclosing the aggregate number and aggregate
dollar amount of all investments (including derivatives) made
by such private funds during the previous year in--
``(i) women-owned companies;
``(ii) minority-owned companies;
``(iii) LGBTQ-owned companies;
``(iv) veteran-owned companies;
``(v) companies owned by individuals with a disability; and
``(vi) companies domiciled in, or projects located, in
rural America.
``(B) Definitions.--In this paragraph:
``(i) Disability.--The term `disability' has the meaning
given that term in section 3 of the Americans with
Disabilities Act of 1990.
``(ii) LGBTQ.--The term `LGBTQ' means lesbian, gay,
bisexual, transgender, and queer.
``(iii) Minority.--The term `minority' has the meaning
given that term in section 308(b) of the Financial
Institutions Reform, Recovery, and Enforcement Act of 1989
and includes any indigenous person in the United States or
the territories of the United States.
``(iv) Owned.--With respect to a company and a class of
individuals, the company is `owned' by such individuals if--
``(I) more than 50 percent of the voting securities of the
company are owned by 1 or more individuals in such class; and
``(II) the management and daily business operations of the
company are controlled by 1 or more individuals in such
class.
``(v) Veteran.--The term veteran has the meaning given the
term in section 101(2) of title 38, United States Code.''.
(b) Rulemaking.--Not later than the end of the 18-month
period beginning on the date of enactment of this Act, the
Securities and Exchange Commission shall issue rules to carry
out the amendment made by this section.
Insert after section 2302 the following:
SEC. 2303. ANNUAL DISCLOSURES ON INVESTMENTS BY QUALIFYING
VENTURE CAPITAL FUNDS.
(a) Annual Disclosures on Investments.--
(1) In general.--Each person described in section 3(c)(1)
of the Investment Company Act of 1940 (15 U.S.C. 80a-3(c)(1))
that would not be a person described in such section but for
the amendments made by section 2302, shall file an annual
report with the Commission disclosing the aggregate number
and aggregate dollar amount of all investments (including
derivatives) made by such person during the previous year
in--
(A) women-owned companies;
(B) minority-owned companies;
(C) LGBTQ-owned companies;
(D) veteran-owned companies;
(E) companies owned by individuals with a disability; and
(F) companies domiciled in, or projects located, in rural
America.
(2) Definitions.--In this paragraph:
(A) Disability.--The term ``disability'' has the meaning
given that term in section 3 of the Americans with
Disabilities Act of 1990.
(B) LGBTQ.--The term ``LGBTQ'' means lesbian, gay,
bisexual, transgender, and queer.
(C) Minority.--The term ``minority'' has the meaning given
that term in section 308(b) of the Financial Institutions
Reform, Recovery, and Enforcement Act of 1989 and includes
any indigenous person in the United States or the territories
of the United States.
[[Page H1043]]
(D) Owned.--With respect to a company and a class of
individuals, the company is ``owned'' by such individuals
if--
(i) more than 50 percent of the voting securities of the
company are owned by 1 or more individuals in such class; and
(ii) the management and daily business operations of the
company are controlled by 1 or more individuals in such
class.
(E) Veteran.--The term veteran has the meaning given the
term in section 101(2) of title 38, United States Code.
(b) Rulemaking.--Not later than the end of the 18-month
period beginning on the date of enactment of this Act, the
Securities and Exchange Commission shall issue rules to carry
out this section.
The Acting CHAIR. Pursuant to House Resolution 1052, the gentlewoman
from California (Ms. Waters) and a Member opposed each will control 5
minutes.
The Chair recognizes the gentlewoman from California.
Ms. WATERS. Madam Chair, I yield myself such time as I may consume.
Madam Chair, my amendment will provide needed transparency into the
opaque world of private equity and venture capital funds, particularly
around their investments in minority-owned, women-owned, veteran-owned,
and rural businesses.
Today, these private funds play a big role in capital allocation,
from mergers and acquisitions and non-bank lending, to restructurings
and bankruptcies.
As of 2021, private funds held more than $7 trillion in investments.
Venture capital funds manage nearly $1.3 trillion, providing funding to
startups and early-stage companies across the country.
These are staggering numbers, but the amount going to minority-owned
and women-owned businesses is not. For example, the White House earlier
this month noted that Black-founded companies receive less than 1
percent of venture capital funding annually, while women-founded
businesses receive just about 2 percent.
{time} 0945
When I was the chairwoman of the Financial Services Committee, the
first thing I did was to create a Subcommittee on Diversity and
Inclusion.
Our committee convened dozens of hearings on diversity and inclusion,
receiving hundreds of hours of testimony that highlighted one
overwhelming conclusion, which was the clear business case for
supporting and investing in diversity.
Study after study has found that diverse companies consistently
outperform nondiverse companies despite being disproportionately
undercapitalized. This is good for industry, good for business, and
good for investors.
Yet, limited access to financing is restricting the ability of women
and businessowners of color to fulfill their potential, generate jobs,
and contribute to their communities. Because private funds do not have
the same transparency requirements as other large investors, it is
difficult to gauge the number, size, and scope of their commitments to
women-owned, diverse-owned, veteran-owned, and rural businesses.
Moreover, following the murder of George Floyd in 2020, a number of
private firms pledged to make advancements on racial and gender equity
as part of their business strategy. Without accurate and timely
information, investors and the public cannot hold these fund managers
accountable.
That is why my amendment is so important. If private funds want to
take advantage of the ability to peddle their investments to the
public, which is what this bill would permit, then at the very least,
they need to show how they are investing in all of America.
Madam Chair, I ask all Members to support my amendment, and I reserve
the balance of my time.
Mrs. WAGNER. Madam Chair, I claim the time in opposition as I am
opposed to this amendment.
The Acting CHAIR. The gentlewoman from Missouri is recognized for 5
minutes.
Mrs. WAGNER. Madam Chair, I rise in opposition to the amendment
offered by the ranking member. This amendment is problematic on several
fronts.
First, it is an attempt to impose more onerous disclosure
requirements on actors in the private markets than what exists in the
public markets. Doing so would be unprecedented, even for an
overzealous regulator.
For decades, our security laws have intentionally featured vastly
different disclosure requirements between our public markets and our
private markets. This amendment would destroy that intentional
distinction by mandating an unworkable disclosure regime on private
funds that is more onerous than what is required of any public company.
The public disclosure of the type of information required by this
amendment could be weaponized by activists to name and shame market
participants for pursuing an investment strategy that may not be
politically favorable to the progressive left.
This would be counterproductive and against the spirit of the
securities laws, which are not intended to encourage investments in any
one sector or type of business.
The increased compliance costs resulting from this amendment would
disproportionately hurt smaller emerging funds, advisers, and
investment companies, many of which are minority owned, women owned,
veteran owned, and rural.
If Democrats are serious about wanting to help underserved
communities thrive, they will oppose this amendment. Instead, they
should support the underlying bill, which would help Americans from all
walks of life realize their version of the American Dream.
Madam Chair, I reserve the balance of my time.
Ms. WATERS. Madam Chair, I yield myself the balance of my time.
My commonsense amendment would require private funds to disclose
their investments in women-owned, minority-owned, veteran-owned, and
rural businesses.
For far too long, these well-performing, well-deserving businesses
have been undercapitalized and underinvested in by wealthy firms that
made empty promises when it was trendy to do so.
We know that what gets measured and reported gets done. This
amendment would provide the kind of transparency that investors,
particularly public pension plans, want--to ensure they are investing
in the most profitable parts of the economy.
Madam Chair, I strongly urge Members to vote ``yes'' on my amendment,
and I yield back the balance of my time.
Mrs. WAGNER. Madam Chair, if Democrats are serious about wanting to
help underserved communities thrive, they will oppose this amendment.
Instead, they should support the underlying bill, which will help
Americans from all walks of life realize their version of the American
Dream.
Madam Chair, I urge my colleagues to oppose this amendment, and I
yield back the balance of my time.
The Acting CHAIR. The question is on the amendment offered by the
gentlewoman from California (Ms. Waters).
The question was taken; and the Acting Chair announced that the noes
appeared to have it.
Ms. WATERS. Madam Chair, I demand a recorded vote.
The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further
proceedings on the amendment offered by the gentlewoman from California
will be postponed.
Announcement by the Acting Chair
The Acting CHAIR. Pursuant to clause 6 of Rule XVIII, proceedings
will now resume on those amendments printed in part B of House Report
118-407 on which further proceedings were postponed, in the following
order:
Amendment No. 6 by Ms. Houlahan of Pennsylvania.
Amendment No. 7 of Ms. Tlaib of Michigan.
Amendment No. 8 by Mr. Lynch of Massachusetts.
Amendment No. 9 by Ms. Waters of California.
The Chair will reduce to 2 minutes the minimum time for any
electronic vote after the first vote in the series.
Amendment No. 6 Offered by Ms. Houlahan
The Acting CHAIR. The unfinished business is the demand for a
recorded vote on amendment No. 6, printed in part B of House Report
118-407, offered by the gentlewoman from Pennsylvania (Ms. Houlahan),
on which further proceedings were postponed and on which the noes
prevailed by voice vote.
The Clerk will redesignate the amendment.
The Clerk redesignated the amendment.
Recorded Vote
The Acting CHAIR. A recorded vote has been demanded.
[[Page H1044]]
A recorded vote was ordered.
The vote was taken by electronic device, and there were--ayes 200,
noes 203, not voting 34, as follows:
[Roll No. 73]
AYES--200
Adams
Aguilar
Allred
Amo
Balint
Barragan
Beatty
Bera
Beyer
Bishop (GA)
Blumenauer
Blunt Rochester
Bonamici
Bowman
Boyle (PA)
Brown
Brownley
Budzinski
Bush
Caraveo
Cardenas
Carson
Carter (LA)
Cartwright
Case
Casten
Castor (FL)
Castro (TX)
Chu
Clark (MA)
Clarke (NY)
Cleaver
Clyburn
Cohen
Connolly
Correa
Costa
Courtney
Craig
Crockett
Crow
Cuellar
Davids (KS)
Davis (IL)
Davis (NC)
Dean (PA)
DeGette
DeLauro
DelBene
Deluzio
DeSaulnier
Dingell
Doggett
Escobar
Eshoo
Espaillat
Evans
Fletcher
Foster
Foushee
Frankel, Lois
Frost
Gaetz
Gallego
Garamendi
Garcia (IL)
Garcia (TX)
Garcia, Robert
Golden (ME)
Gomez
Gonzales, Tony
Gonzalez, Vicente
Gottheimer
Harder (CA)
Hayes
Houlahan
Hoyer
Huffman
Ivey
Jackson (IL)
Jackson (NC)
Jacobs
Jayapal
Jeffries
Kamlager-Dove
Kaptur
Kelly (IL)
Khanna
Kildee
Kilmer
Krishnamoorthi
Kuster
Landsman
Larsen (WA)
Larson (CT)
Lee (CA)
Lee (NV)
Lee (PA)
Leger Fernandez
Levin
Lieu
Lofgren
Luna
Lynch
Magaziner
Manning
Matsui
McBath
McClellan
McCollum
McGarvey
McGovern
Meeks
Menendez
Meng
Mfume
Morelle
Moskowitz
Moulton
Mrvan
Mullin
Napolitano
Neal
Neguse
Nickel
Norcross
Norton
Ocasio-Cortez
Omar
Pallone
Panetta
Pappas
Pascrell
Payne
Pelosi
Peltola
Perez
Peters
Pettersen
Phillips
Pingree
Plaskett
Pocan
Pressley
Quigley
Ramirez
Raskin
Ross
Ruiz
Ruppersberger
Ryan
Sablan
Salinas
Sanchez
Sarbanes
Scanlon
Schakowsky
Schiff
Schneider
Scholten
Schrier
Scott (VA)
Scott, David
Sewell
Sherman
Sherrill
Slotkin
Smith (WA)
Sorensen
Soto
Spanberger
Spartz
Stansbury
Stanton
Stevens
Strickland
Suozzi
Sykes
Thanedar
Thompson (CA)
Thompson (MS)
Titus
Tlaib
Tokuda
Tonko
Torres (CA)
Torres (NY)
Trahan
Trone
Underwood
Vargas
Vasquez
Veasey
Velazquez
Wasserman Schultz
Waters
Watson Coleman
Wexton
Wild
Wilson (FL)
NOES--203
Aderholt
Alford
Allen
Amodei
Armstrong
Arrington
Babin
Bacon
Baird
Balderson
Banks
Barr
Bean (FL)
Bentz
Bergman
Bice
Biggs
Bilirakis
Bishop (NC)
Bost
Brecheen
Buchanan
Bucshon
Burchett
Burgess
Burlison
Calvert
Cammack
Carey
Carl
Carter (GA)
Carter (TX)
Chavez-DeRemer
Ciscomani
Cline
Cloud
Clyde
Cole
Collins
Comer
Crane
Crawford
Curtis
D'Esposito
Davidson
De La Cruz
DesJarlais
Diaz-Balart
Duarte
Duncan
Dunn (FL)
Edwards
Ellzey
Emmer
Estes
Ezell
Fallon
Feenstra
Ferguson
Finstad
Fischbach
Fitzpatrick
Fleischmann
Flood
Foxx
Franklin, Scott
Fry
Fulcher
Gallagher
Garbarino
Garcia, Mike
Gimenez
Good (VA)
Gooden (TX)
Graves (LA)
Graves (MO)
Green (TN)
Greene (GA)
Griffith
Grothman
Guest
Guthrie
Hageman
Harris
Hern
Higgins (LA)
Hill
Hinson
Houchin
Hudson
Huizenga
Hunt
Issa
Jackson (TX)
James
Johnson (SD)
Jordan
Joyce (OH)
Joyce (PA)
Kean (NJ)
Kelly (MS)
Kelly (PA)
Kiggans (VA)
Kiley
Kim (CA)
Kustoff
LaHood
LaLota
LaMalfa
Lamborn
Langworthy
Latta
LaTurner
Lawler
Lee (FL)
Lesko
Letlow
Loudermilk
Lucas
Luetkemeyer
Luttrell
Mace
Malliotakis
Maloy
Mann
Massie
Mast
McCaul
McClain
McClintock
McCormick
McHenry
Meuser
Miller (IL)
Miller (OH)
Miller (WV)
Miller-Meeks
Mills
Molinaro
Moolenaar
Moore (AL)
Moore (UT)
Moylan
Murphy
Nehls
Newhouse
Norman
Nunn (IA)
Obernolte
Ogles
Owens
Palmer
Pence
Perry
Pfluger
Posey
Reschenthaler
Rodgers (WA)
Rogers (AL)
Rogers (KY)
Rose
Rosendale
Rouzer
Roy
Rutherford
Salazar
Scalise
Schweikert
Scott, Austin
Self
Sessions
Simpson
Smith (MO)
Smith (NE)
Smith (NJ)
Smucker
Stauber
Steel
Stefanik
Steil
Steube
Strong
Tenney
Thompson (PA)
Tiffany
Timmons
Turner
Van Drew
Van Duyne
Van Orden
Wagner
Walberg
Waltz
Weber (TX)
Webster (FL)
Wenstrup
Westerman
Williams (TX)
Wilson (SC)
Wittman
Womack
Yakym
Zinke
NOT VOTING--34
Auchincloss
Boebert
Buck
Carbajal
Casar
Cherfilus-McCormick
Crenshaw
Donalds
Fitzgerald
Goldman (NY)
Gonzalez-Colon
Gosar
Granger
Green, Al (TX)
Grijalva
Harshbarger
Himes
Horsford
Hoyle (OR)
Jackson Lee
Johnson (GA)
Keating
Kim (NJ)
Mooney
Moore (WI)
Moran
Nadler
Porter
Radewagen
Swalwell
Takano
Valadao
Williams (GA)
Williams (NY)
{time} 1021
Messrs. CARL, MILLER of Ohio, WILSON of South Carolina, Ms. FOXX,
Messrs. BACON, CALVERT, STAUBER, HIGGINS of Louisiana, BANKS,
CISCOMANI, and LaHOOD changed their vote from ``aye'' to ``no.''
Mses. LEGER FERNANDEZ, WASSERMAN SCHULTZ, Messrs. GAETZ, and HOYER
changed their vote from ``no'' to ``aye.''
So the amendment was rejected.
The result of the vote was announced as above recorded.
Stated for:
Mr. GREEN of Texas. Mr. Chair, had I been present, I would have voted
``aye'' on rollcall No. 73.
Mr. NADLER. Mr. Chair, had I been present, I would have voted ``aye''
on rollcall No. 73.
Amendment No. 7 Offered by Ms. Tlaib
The Acting CHAIR (Mr. Weber of Texas). The unfinished business is the
demand for a recorded vote on amendment No. 7, printed in part B of
House Report 118-407, offered by the gentlewoman from Michigan (Ms.
Tlaib), on which further proceedings were postponed and on which the
noes prevailed by voice vote.
The Clerk will redesignate the amendment.
The Clerk redesignated the amendment.
Recorded Vote
The Acting CHAIR. A recorded vote has been demanded.
A recorded vote was ordered.
The Acting CHAIR. This will be a 2-minute vote.
The vote was taken by electronic device, and there were--ayes 204,
noes 212, not voting 21, as follows:
[Roll No. 74]
AYES--204
Adams
Aguilar
Amo
Balint
Barragan
Beatty
Bera
Beyer
Bishop (GA)
Blumenauer
Blunt Rochester
Bonamici
Bowman
Boyle (PA)
Brown
Brownley
Budzinski
Bush
Caraveo
Cardenas
Carson
Carter (LA)
Cartwright
Casar
Case
Casten
Castor (FL)
Castro (TX)
Cherfilus-McCormick
Chu
Clark (MA)
Clarke (NY)
Cleaver
Clyburn
Cohen
Connolly
Correa
Costa
Courtney
Craig
Crockett
Crow
Cuellar
Davids (KS)
Davis (IL)
Davis (NC)
Dean (PA)
DeGette
DeLauro
DelBene
Deluzio
DeSaulnier
Dingell
Doggett
Escobar
Eshoo
Espaillat
Evans
Fletcher
Foster
Foushee
Frankel, Lois
Frost
Gallego
Garamendi
Garcia (IL)
Garcia (TX)
Garcia, Robert
Golden (ME)
Gomez
Gonzalez, Vicente
Gottheimer
Green, Al (TX)
Harder (CA)
Hayes
Himes
Horsford
Houlahan
Hoyer
Hoyle (OR)
Huffman
Ivey
Jackson (IL)
Jackson (NC)
Jacobs
Jayapal
Jeffries
Kamlager-Dove
Kaptur
Keating
Kelly (IL)
Khanna
Kildee
Kilmer
Krishnamoorthi
Kuster
Landsman
Larsen (WA)
Larson (CT)
Lee (CA)
Lee (NV)
Lee (PA)
Leger Fernandez
Levin
Lieu
Lofgren
Lynch
Magaziner
Manning
Matsui
McBath
McClellan
McCollum
McGarvey
McGovern
Meeks
Menendez
Meng
Mfume
Moore (WI)
Morelle
Moskowitz
Moulton
Mrvan
Mullin
Nadler
Napolitano
Neal
Neguse
Nickel
Norcross
Norton
Ocasio-Cortez
Omar
Pallone
Panetta
Pappas
Pascrell
Payne
Pelosi
Peltola
Peters
Pettersen
Phillips
Pingree
Plaskett
Pocan
Pressley
Quigley
Ramirez
Raskin
Ross
Ruiz
Ruppersberger
Ryan
Sablan
Salinas
Sanchez
Sarbanes
Scanlon
Schakowsky
Schiff
Schneider
Scholten
Schrier
Scott (VA)
Scott, David
Sewell
Sherman
Sherrill
Slotkin
Smith (WA)
Sorensen
Soto
Spanberger
Stansbury
Stanton
Stevens
Strickland
Suozzi
Swalwell
Sykes
Takano
Thanedar
Thompson (CA)
Thompson (MS)
Titus
Tlaib
Tokuda
Tonko
Torres (CA)
Torres (NY)
Trahan
Trone
Underwood
Vargas
Vasquez
Velazquez
Wasserman Schultz
Waters
Watson Coleman
Wexton
Wild
Wilson (FL)
NOES--212
Aderholt
Alford
Allen
Allred
Amodei
Armstrong
Arrington
Babin
Bacon
Baird
Balderson
Banks
Barr
Bean (FL)
Bentz
Bergman
Bice
Biggs
Bilirakis
Bishop (NC)
Bost
Brecheen
Buchanan
Bucshon
[[Page H1045]]
Burchett
Burgess
Burlison
Calvert
Cammack
Carey
Carl
Carter (GA)
Carter (TX)
Chavez-DeRemer
Ciscomani
Cline
Cloud
Clyde
Cole
Collins
Comer
Crane
Crawford
Crenshaw
Curtis
D'Esposito
Davidson
De La Cruz
DesJarlais
Diaz-Balart
Donalds
Duarte
Duncan
Dunn (FL)
Edwards
Ellzey
Emmer
Estes
Ezell
Fallon
Feenstra
Ferguson
Finstad
Fischbach
Fitzgerald
Fitzpatrick
Fleischmann
Flood
Foxx
Fry
Fulcher
Gaetz
Gallagher
Garbarino
Garcia, Mike
Gimenez
Gonzales, Tony
Good (VA)
Gooden (TX)
Graves (LA)
Graves (MO)
Green (TN)
Greene (GA)
Griffith
Grothman
Guest
Guthrie
Hageman
Harris
Harshbarger
Hern
Higgins (LA)
Hill
Hinson
Houchin
Hudson
Huizenga
Hunt
Issa
Jackson (TX)
James
Johnson (SD)
Jordan
Joyce (OH)
Joyce (PA)
Kean (NJ)
Kelly (MS)
Kelly (PA)
Kiggans (VA)
Kiley
Kim (CA)
Kustoff
LaHood
LaLota
Lamborn
Langworthy
Latta
LaTurner
Lawler
Lee (FL)
Lesko
Letlow
Loudermilk
Lucas
Luetkemeyer
Luna
Luttrell
Mace
Malliotakis
Maloy
Mann
Massie
Mast
McCaul
McClain
McClintock
McCormick
McHenry
Meuser
Miller (IL)
Miller (OH)
Miller (WV)
Miller-Meeks
Mills
Molinaro
Moolenaar
Moore (AL)
Moore (UT)
Moran
Moylan
Murphy
Nehls
Newhouse
Norman
Nunn (IA)
Obernolte
Ogles
Owens
Palmer
Pence
Perez
Perry
Pfluger
Posey
Reschenthaler
Rodgers (WA)
Rogers (AL)
Rogers (KY)
Rose
Rosendale
Rouzer
Roy
Rutherford
Salazar
Scalise
Schweikert
Scott, Austin
Self
Sessions
Simpson
Smith (MO)
Smith (NE)
Smith (NJ)
Smucker
Spartz
Stauber
Steel
Stefanik
Steil
Steube
Strong
Tenney
Thompson (PA)
Tiffany
Timmons
Turner
Van Drew
Van Duyne
Van Orden
Wagner
Walberg
Waltz
Weber (TX)
Webster (FL)
Wenstrup
Westerman
Williams (NY)
Williams (TX)
Wilson (SC)
Wittman
Womack
Zinke
NOT VOTING--21
Auchincloss
Boebert
Buck
Carbajal
Franklin, Scott
Goldman (NY)
Gonzalez-Colon
Gosar
Granger
Grijalva
Jackson Lee
Johnson (GA)
Kim (NJ)
LaMalfa
Mooney
Porter
Radewagen
Valadao
Veasey
Williams (GA)
Yakym
Announcement by the Acting Chair
The Acting CHAIR (during the vote). There is 1 minute remaining.
{time} 1026
So the amendment was rejected.
The result of the vote was announced as above recorded.
Stated for:
Mr. VEASEY. Mr. Chair, had I been present, I would have voted ``aye''
on rollcall No. 74.
Stated against:
Mr. YAKYM. Mr. Chair, I was unavoidably detained. Had I been present,
I would have voted ``nay'' on rollcall No. 74.
PERSONAL EXPLANATION
Mr. AUCHINCLOSS. Mr. Chair, I was necessarily absent from votes. Had
I been present, I would have voted ``aye'' on rollcall No. 73 and
``aye'' on rollcall No. 74.
Amendment No. 8 Offered by Mr. Lynch
The Acting CHAIR. The unfinished business is the demand for a
recorded vote on amendment No. 8, printed in part B of House Report
118-407, offered by the gentleman from Massachusetts (Mr. Lynch), on
which further proceedings were postponed and on which the noes
prevailed by voice vote.
The Clerk will redesignate the amendment.
The Clerk redesignated the amendment.
Recorded Vote
The Acting CHAIR. A recorded vote has been demanded.
A recorded vote was ordered.
The Acting CHAIR. This will be a 2-minute vote.
The vote was taken by electronic device, and there were--ayes 208,
noes 211, not voting 18, as follows:
[Roll No. 75]
AYES--208
Adams
Aguilar
Allred
Amo
Auchincloss
Balint
Barragan
Beatty
Bera
Beyer
Bishop (GA)
Blumenauer
Blunt Rochester
Bonamici
Bowman
Boyle (PA)
Brown
Brownley
Budzinski
Bush
Caraveo
Cardenas
Carson
Carter (LA)
Cartwright
Casar
Case
Casten
Castor (FL)
Castro (TX)
Cherfilus-McCormick
Chu
Clark (MA)
Clarke (NY)
Cleaver
Clyburn
Cohen
Connolly
Correa
Costa
Courtney
Craig
Crockett
Crow
Cuellar
Davids (KS)
Davis (IL)
Davis (NC)
Dean (PA)
DeGette
DeLauro
DelBene
Deluzio
DeSaulnier
Dingell
Doggett
Escobar
Eshoo
Espaillat
Evans
Fletcher
Foster
Foushee
Frankel, Lois
Frost
Gallego
Garamendi
Garcia (IL)
Garcia (TX)
Garcia, Robert
Golden (ME)
Gomez
Gonzalez, Vicente
Gottheimer
Green, Al (TX)
Harder (CA)
Hayes
Himes
Horsford
Houlahan
Hoyer
Hoyle (OR)
Huffman
Ivey
Jackson (IL)
Jackson (NC)
Jacobs
Jayapal
Jeffries
Kamlager-Dove
Kaptur
Keating
Kelly (IL)
Khanna
Kildee
Kilmer
Krishnamoorthi
Kuster
Landsman
Larsen (WA)
Larson (CT)
Lee (CA)
Lee (NV)
Lee (PA)
Leger Fernandez
Levin
Lieu
Lofgren
Lynch
Magaziner
Manning
Matsui
McBath
McClellan
McCollum
McGarvey
McGovern
Meeks
Menendez
Meng
Mfume
Moore (WI)
Morelle
Moskowitz
Moulton
Mrvan
Mullin
Nadler
Napolitano
Neal
Neguse
Nickel
Norcross
Norton
Ocasio-Cortez
Omar
Pallone
Panetta
Pappas
Pascrell
Payne
Pelosi
Peltola
Perez
Peters
Pettersen
Phillips
Pingree
Plaskett
Pocan
Pressley
Quigley
Ramirez
Raskin
Ross
Ruiz
Ruppersberger
Ryan
Sablan
Salinas
Sanchez
Sarbanes
Scanlon
Schakowsky
Schiff
Schneider
Scholten
Schrier
Scott (VA)
Scott, David
Sewell
Sherman
Sherrill
Slotkin
Smith (WA)
Sorensen
Soto
Spanberger
Stansbury
Stanton
Stevens
Strickland
Suozzi
Swalwell
Sykes
Takano
Thanedar
Thompson (CA)
Thompson (MS)
Titus
Tlaib
Tokuda
Tonko
Torres (CA)
Torres (NY)
Trahan
Trone
Underwood
Vargas
Vasquez
Veasey
Velazquez
Wasserman Schultz
Waters
Watson Coleman
Wexton
Wild
Wilson (FL)
NOES--211
Aderholt
Alford
Allen
Amodei
Armstrong
Arrington
Babin
Bacon
Baird
Balderson
Banks
Barr
Bean (FL)
Bentz
Bergman
Bice
Biggs
Bilirakis
Bishop (NC)
Bost
Brecheen
Buchanan
Bucshon
Burchett
Burgess
Burlison
Calvert
Cammack
Carey
Carl
Carter (GA)
Carter (TX)
Chavez-DeRemer
Ciscomani
Cline
Cloud
Clyde
Cole
Collins
Comer
Crane
Crawford
Crenshaw
Curtis
D'Esposito
Davidson
De La Cruz
DesJarlais
Diaz-Balart
Donalds
Duarte
Duncan
Dunn (FL)
Edwards
Ellzey
Emmer
Estes
Ezell
Fallon
Feenstra
Ferguson
Finstad
Fischbach
Fitzgerald
Fitzpatrick
Fleischmann
Flood
Foxx
Franklin, Scott
Fry
Fulcher
Gaetz
Gallagher
Garbarino
Garcia, Mike
Gimenez
Gonzales, Tony
Good (VA)
Gooden (TX)
Graves (LA)
Graves (MO)
Green (TN)
Greene (GA)
Griffith
Grothman
Guest
Guthrie
Hageman
Harris
Harshbarger
Hern
Higgins (LA)
Hill
Hinson
Houchin
Huizenga
Hunt
Issa
Jackson (TX)
James
Johnson (SD)
Jordan
Joyce (OH)
Joyce (PA)
Kean (NJ)
Kelly (MS)
Kelly (PA)
Kiggans (VA)
Kiley
Kim (CA)
Kustoff
LaHood
LaLota
LaMalfa
Lamborn
Langworthy
Latta
LaTurner
Lawler
Lee (FL)
Lesko
Letlow
Loudermilk
Lucas
Luetkemeyer
Luna
Luttrell
Mace
Malliotakis
Maloy
Mann
Massie
Mast
McCaul
McClain
McClintock
McCormick
McHenry
Meuser
Miller (IL)
Miller (OH)
Miller (WV)
Miller-Meeks
Mills
Molinaro
Moolenaar
Moore (AL)
Moore (UT)
Moran
Moylan
Murphy
Nehls
Newhouse
Norman
Nunn (IA)
Obernolte
Ogles
Owens
Palmer
Pence
Perry
Pfluger
Posey
Reschenthaler
Rodgers (WA)
Rogers (KY)
Rose
Rosendale
Rouzer
Roy
Rutherford
Salazar
Scalise
Schweikert
Scott, Austin
Self
Sessions
Simpson
Smith (MO)
Smith (NE)
Smith (NJ)
Smucker
Spartz
Stauber
Steel
Stefanik
Steil
Steube
Strong
Tenney
Thompson (PA)
Tiffany
Timmons
Turner
Van Drew
Van Duyne
Van Orden
Wagner
Walberg
Waltz
Weber (TX)
Webster (FL)
Wenstrup
Westerman
Williams (NY)
Williams (TX)
Wilson (SC)
Wittman
Womack
Yakym
Zinke
NOT VOTING--18
Boebert
Buck
Carbajal
Goldman (NY)
Gonzalez-Colon
Gosar
Granger
Grijalva
Hudson
Jackson Lee
Johnson (GA)
Kim (NJ)
Mooney
Porter
Radewagen
Rogers (AL)
Valadao
Williams (GA)
Announcement by the Acting Chair
The Acting CHAIR (during the vote). There is 1 minute remaining.
{time} 1031
So the amendment was rejected.
The result of the vote was announced as above recorded.
Amendment No. 9 Offered by Ms. Waters
The Acting CHAIR. The unfinished business is the demand for a
recorded
[[Page H1046]]
vote on amendment No. 9, printed in part B of House Report 118-407,
offered by the gentlewoman from California (Ms. Waters), on which
further proceedings were postponed and on which the noes prevailed by
voice vote.
The Clerk will redesignate the amendment.
The Clerk redesignated the amendment.
Recorded Vote
The Acting CHAIR. A recorded vote has been demanded.
A recorded vote was ordered.
The Acting CHAIR. This will be a 2-minute vote.
The vote was taken by electronic device, and there were--ayes 206,
noes 217, not voting 15, as follows:
[Roll No. 76]
AYES--206
Adams
Aguilar
Allred
Amo
Auchincloss
Balint
Barragan
Beatty
Bera
Beyer
Bishop (GA)
Blumenauer
Blunt Rochester
Bonamici
Bowman
Boyle (PA)
Brown
Brownley
Budzinski
Bush
Caraveo
Cardenas
Carson
Carter (LA)
Cartwright
Casar
Case
Casten
Castor (FL)
Castro (TX)
Cherfilus-McCormick
Chu
Clark (MA)
Clarke (NY)
Cleaver
Clyburn
Cohen
Connolly
Correa
Costa
Courtney
Craig
Crockett
Crow
Cuellar
Davids (KS)
Davis (IL)
Davis (NC)
Dean (PA)
DeGette
DeLauro
DelBene
Deluzio
DeSaulnier
Dingell
Doggett
Escobar
Eshoo
Espaillat
Evans
Fletcher
Foster
Foushee
Frankel, Lois
Frost
Gallego
Garamendi
Garcia (IL)
Garcia (TX)
Garcia, Robert
Gomez
Gonzalez, Vicente
Gottheimer
Green, Al (TX)
Harder (CA)
Hayes
Himes
Horsford
Houlahan
Hoyer
Hoyle (OR)
Huffman
Ivey
Jackson (IL)
Jackson (NC)
Jacobs
Jayapal
Jeffries
Kamlager-Dove
Kaptur
Keating
Kelly (IL)
Khanna
Kildee
Kilmer
Krishnamoorthi
Kuster
Landsman
Larsen (WA)
Larson (CT)
Lee (CA)
Lee (NV)
Lee (PA)
Leger Fernandez
Levin
Lieu
Lofgren
Lynch
Magaziner
Manning
Matsui
McBath
McClellan
McCollum
McGarvey
McGovern
Meeks
Menendez
Meng
Mfume
Moore (WI)
Morelle
Moskowitz
Moulton
Mrvan
Mullin
Nadler
Napolitano
Neal
Neguse
Nickel
Norcross
Norton
Ocasio-Cortez
Omar
Pallone
Panetta
Pappas
Pascrell
Payne
Pelosi
Peltola
Peters
Pettersen
Phillips
Pingree
Plaskett
Pocan
Pressley
Quigley
Ramirez
Raskin
Ross
Ruiz
Ruppersberger
Ryan
Sablan
Salinas
Sanchez
Sarbanes
Scanlon
Schakowsky
Schiff
Schneider
Scholten
Schrier
Scott (VA)
Scott, David
Sewell
Sherman
Sherrill
Slotkin
Smith (WA)
Sorensen
Soto
Spanberger
Stansbury
Stanton
Stevens
Strickland
Suozzi
Swalwell
Sykes
Takano
Thanedar
Thompson (CA)
Thompson (MS)
Titus
Tlaib
Tokuda
Tonko
Torres (CA)
Torres (NY)
Trahan
Trone
Underwood
Vargas
Vasquez
Veasey
Velazquez
Wasserman Schultz
Waters
Watson Coleman
Wexton
Wild
Wilson (FL)
NOES--217
Aderholt
Alford
Allen
Amodei
Armstrong
Arrington
Babin
Bacon
Baird
Balderson
Banks
Barr
Bean (FL)
Bentz
Bergman
Bice
Biggs
Bilirakis
Bishop (NC)
Boebert
Bost
Brecheen
Buchanan
Bucshon
Burchett
Burgess
Burlison
Calvert
Cammack
Carey
Carl
Carter (GA)
Carter (TX)
Chavez-DeRemer
Ciscomani
Cline
Cloud
Clyde
Cole
Collins
Comer
Crane
Crawford
Crenshaw
Curtis
D'Esposito
Davidson
De La Cruz
DesJarlais
Diaz-Balart
Donalds
Duarte
Duncan
Dunn (FL)
Edwards
Ellzey
Emmer
Estes
Ezell
Fallon
Feenstra
Ferguson
Finstad
Fischbach
Fitzgerald
Fitzpatrick
Fleischmann
Flood
Foxx
Franklin, Scott
Fry
Fulcher
Gaetz
Gallagher
Garbarino
Garcia, Mike
Gimenez
Golden (ME)
Gonzales, Tony
Good (VA)
Gooden (TX)
Graves (LA)
Graves (MO)
Green (TN)
Greene (GA)
Griffith
Grothman
Guest
Guthrie
Hageman
Harris
Harshbarger
Hern
Higgins (LA)
Hill
Hinson
Houchin
Hudson
Huizenga
Hunt
Issa
Jackson (TX)
James
Johnson (LA)
Johnson (SD)
Jordan
Joyce (OH)
Joyce (PA)
Kean (NJ)
Kelly (MS)
Kelly (PA)
Kiggans (VA)
Kiley
Kim (CA)
Kustoff
LaHood
LaLota
LaMalfa
Lamborn
Langworthy
Latta
LaTurner
Lawler
Lee (FL)
Lesko
Letlow
Loudermilk
Lucas
Luetkemeyer
Luna
Luttrell
Mace
Malliotakis
Maloy
Mann
Massie
Mast
McCaul
McClain
McClintock
McCormick
McHenry
Meuser
Miller (IL)
Miller (OH)
Miller (WV)
Miller-Meeks
Mills
Molinaro
Moolenaar
Moore (AL)
Moore (UT)
Moran
Moylan
Murphy
Nehls
Newhouse
Norman
Nunn (IA)
Obernolte
Ogles
Owens
Palmer
Pence
Perez
Perry
Pfluger
Posey
Reschenthaler
Rodgers (WA)
Rogers (AL)
Rogers (KY)
Rose
Rosendale
Rouzer
Roy
Rutherford
Salazar
Scalise
Schweikert
Scott, Austin
Self
Sessions
Simpson
Smith (MO)
Smith (NE)
Smith (NJ)
Smucker
Spartz
Stauber
Steel
Stefanik
Steil
Steube
Strong
Tenney
Thompson (PA)
Tiffany
Timmons
Turner
Van Drew
Van Duyne
Van Orden
Wagner
Walberg
Waltz
Weber (TX)
Webster (FL)
Wenstrup
Westerman
Williams (NY)
Williams (TX)
Wilson (SC)
Wittman
Womack
Yakym
Zinke
NOT VOTING--15
Buck
Carbajal
Goldman (NY)
Gonzalez-Colon
Gosar
Granger
Grijalva
Jackson Lee
Johnson (GA)
Kim (NJ)
Mooney
Porter
Radewagen
Valadao
Williams (GA)
Announcement by the Acting Chair
The Acting CHAIR (during the vote). There is 1 minute remaining.
{time} 1035
Mr. JOHNSON of Louisiana changed his vote from ``present'' to ``no.''
So the amendment was rejected.
The result of the vote was announced as above recorded.
The Acting CHAIR (Mr. Curtis). There being no further amendment under
the rule, the Committee rises.
Accordingly, the Committee rose; and the Speaker pro tempore (Mr.
Weber of Texas) having assumed the chair, Mr. Curtis, Acting Chair of
the Committee of the Whole House on the state of the Union, reported
that that Committee, having had under consideration the bill (H.R.
2799) to make reforms to the capital markets of the United States, and
for other purposes, and, pursuant to House Resolution 1052, he reported
the bill back to the House with sundry further amendments adopted in
the Committee of the Whole.
The SPEAKER pro tempore. Under the rule, the previous question is
ordered.
Is a separate vote demanded on any amendment reported from the
Committee of the Whole? If not, the Chair will put them en gros.
The amendments were agreed to.
The SPEAKER pro tempore. The question is on the engrossment and third
reading of the bill.
The bill was ordered to be engrossed and read a third time, and was
read the third time.
Motion to Recommit
Ms. HOULAHAN. Mr. Speaker, I have a motion to recommit at the desk.
The SPEAKER pro tempore. The Clerk will report the motion to
recommit.
The Clerk read as follows:
Ms. Houlahan of Pennsylvania moves to recommit the bill
H.R. 2799 to the Committee on Financial Services.
The SPEAKER pro tempore. Pursuant to clause 2(b) of rule XIX, the
previous question is ordered on the motion to recommit.
The question is on the motion to recommit.
The question was taken; and the Speaker pro tempore announced that
the noes appeared to have it.
Ms. HOULAHAN. Mr. Speaker, on that I demand the yeas and nays.
The yeas and nays were ordered.
The SPEAKER pro tempore. Pursuant to clause 9 of rule XX, the Chair
will reduce to 5 minutes the minimum time for any electronic vote on
the question of passage.
The vote was taken by electronic device, and there were--yeas 205,
nays 213, not voting 14, as follows:
[Roll No. 77]
YEAS--205
Adams
Aguilar
Allred
Amo
Auchincloss
Balint
Barragan
Beatty
Bera
Beyer
Bishop (GA)
Blumenauer
Blunt Rochester
Bonamici
Bowman
Boyle (PA)
Brown
Brownley
Budzinski
Bush
Caraveo
Cardenas
Carson
Carter (LA)
Cartwright
Casar
Case
Casten
Castor (FL)
Castro (TX)
Cherfilus-McCormick
Chu
Clark (MA)
Clarke (NY)
Cleaver
Clyburn
Cohen
Connolly
Correa
Costa
Courtney
Craig
Crockett
Crow
Cuellar
Davids (KS)
Davis (IL)
Davis (NC)
Dean (PA)
DeGette
DeLauro
DelBene
Deluzio
DeSaulnier
Dingell
Doggett
Escobar
Eshoo
Espaillat
[[Page H1047]]
Evans
Fletcher
Foster
Foushee
Frankel, Lois
Frost
Gallego
Garamendi
Garcia (IL)
Garcia (TX)
Garcia, Robert
Golden (ME)
Gomez
Gonzalez, Vicente
Gottheimer
Green, Al (TX)
Harder (CA)
Hayes
Himes
Horsford
Houlahan
Hoyer
Hoyle (OR)
Huffman
Ivey
Jackson (IL)
Jackson (NC)
Jacobs
Jayapal
Jeffries
Kamlager-Dove
Kaptur
Keating
Kelly (IL)
Khanna
Kildee
Kilmer
Krishnamoorthi
Kuster
Landsman
Larsen (WA)
Larson (CT)
Lee (CA)
Lee (NV)
Lee (PA)
Leger Fernandez
Levin
Lieu
Lofgren
Lynch
Magaziner
Manning
Matsui
McBath
McClellan
McCollum
McGarvey
McGovern
Meeks
Menendez
Meng
Mfume
Moore (WI)
Morelle
Moskowitz
Moulton
Mrvan
Mullin
Nadler
Napolitano
Neal
Neguse
Nickel
Norcross
Ocasio-Cortez
Omar
Pallone
Panetta
Pappas
Pascrell
Payne
Pelosi
Peltola
Perez
Peters
Pettersen
Phillips
Pingree
Pocan
Pressley
Quigley
Ramirez
Raskin
Ross
Ruiz
Ruppersberger
Ryan
Salinas
Sanchez
Sarbanes
Scanlon
Schakowsky
Schiff
Schneider
Scholten
Schrier
Scott (VA)
Scott, David
Sewell
Sherman
Sherrill
Slotkin
Smith (WA)
Sorensen
Soto
Spanberger
Stansbury
Stanton
Stevens
Strickland
Suozzi
Swalwell
Sykes
Takano
Thanedar
Thompson (CA)
Thompson (MS)
Titus
Tlaib
Tokuda
Tonko
Torres (CA)
Torres (NY)
Trahan
Trone
Underwood
Vargas
Vasquez
Veasey
Velazquez
Wasserman Schultz
Waters
Watson Coleman
Wexton
Wild
Wilson (FL)
NAYS--213
Aderholt
Alford
Allen
Amodei
Armstrong
Arrington
Babin
Bacon
Baird
Balderson
Banks
Barr
Bean (FL)
Bentz
Bergman
Bice
Biggs
Bishop (NC)
Boebert
Bost
Brecheen
Buchanan
Bucshon
Burchett
Burgess
Burlison
Calvert
Cammack
Carey
Carl
Carter (GA)
Carter (TX)
Chavez-DeRemer
Ciscomani
Cline
Cloud
Clyde
Cole
Collins
Comer
Crane
Crawford
Crenshaw
Curtis
D'Esposito
Davidson
De La Cruz
DesJarlais
Diaz-Balart
Donalds
Duarte
Duncan
Dunn (FL)
Edwards
Ellzey
Emmer
Estes
Ezell
Fallon
Feenstra
Ferguson
Finstad
Fischbach
Fitzgerald
Fitzpatrick
Fleischmann
Flood
Foxx
Franklin, Scott
Fry
Fulcher
Gaetz
Gallagher
Garbarino
Garcia, Mike
Gimenez
Gonzales, Tony
Good (VA)
Gooden (TX)
Graves (LA)
Graves (MO)
Green (TN)
Greene (GA)
Griffith
Grothman
Guest
Guthrie
Hageman
Harris
Harshbarger
Hern
Higgins (LA)
Hill
Hinson
Houchin
Hudson
Huizenga
Hunt
Issa
Jackson (TX)
James
Johnson (LA)
Johnson (SD)
Jordan
Joyce (OH)
Joyce (PA)
Kean (NJ)
Kelly (MS)
Kelly (PA)
Kiggans (VA)
Kiley
Kim (CA)
Kustoff
LaHood
LaLota
LaMalfa
Lamborn
Langworthy
Latta
LaTurner
Lawler
Lee (FL)
Lesko
Letlow
Loudermilk
Lucas
Luetkemeyer
Luna
Luttrell
Mace
Malliotakis
Maloy
Mann
Massie
Mast
McCaul
McClain
McClintock
McCormick
McHenry
Meuser
Miller (IL)
Miller (OH)
Miller (WV)
Miller-Meeks
Mills
Molinaro
Moolenaar
Moore (AL)
Moore (UT)
Moran
Murphy
Nehls
Newhouse
Norman
Nunn (IA)
Obernolte
Ogles
Owens
Palmer
Pence
Perry
Pfluger
Posey
Reschenthaler
Rodgers (WA)
Rogers (AL)
Rogers (KY)
Rose
Rosendale
Rouzer
Roy
Rutherford
Salazar
Scalise
Schweikert
Scott, Austin
Self
Sessions
Simpson
Smith (MO)
Smith (NE)
Smith (NJ)
Smucker
Spartz
Stauber
Steel
Stefanik
Steil
Steube
Strong
Tenney
Thompson (PA)
Tiffany
Timmons
Turner
Van Drew
Van Duyne
Van Orden
Wagner
Walberg
Waltz
Weber (TX)
Webster (FL)
Wenstrup
Westerman
Williams (NY)
Williams (TX)
Wilson (SC)
Wittman
Womack
Yakym
Zinke
NOT VOTING--14
Bilirakis
Buck
Carbajal
Goldman (NY)
Gosar
Granger
Grijalva
Jackson Lee
Johnson (GA)
Kim (NJ)
Mooney
Porter
Valadao
Williams (GA)
Announcement by the Speaker Pro Tempore
The SPEAKER pro tempore (during the vote). There are 2 minutes
remaining.
{time} 1044
So the motion to recommit was rejected.
The result of the vote was announced as above recorded.
The SPEAKER pro tempore. The question is on the passage of the bill.
The question was taken; and the Speaker pro tempore announced that
the ayes appeared to have it.
Recorded Vote
Ms. WATERS. Mr. Speaker, I demand a recorded vote.
A recorded vote was ordered.
The SPEAKER pro tempore. This is a 5-minute vote.
The vote was taken by electronic device, and there were--ayes 212,
noes 205, not voting 15, as follows:
[Roll No. 78]
AYES--212
Aderholt
Alford
Allen
Amodei
Armstrong
Arrington
Babin
Bacon
Baird
Balderson
Banks
Barr
Bean (FL)
Bentz
Bergman
Bice
Biggs
Bilirakis
Bishop (NC)
Boebert
Bost
Brecheen
Buchanan
Bucshon
Burchett
Burgess
Burlison
Calvert
Cammack
Carey
Carl
Carter (GA)
Carter (TX)
Chavez-DeRemer
Ciscomani
Cline
Cloud
Clyde
Cole
Collins
Comer
Crane
Crawford
Crenshaw
Curtis
D'Esposito
Davidson
De La Cruz
DesJarlais
Diaz-Balart
Donalds
Duarte
Duncan
Dunn (FL)
Edwards
Ellzey
Emmer
Estes
Ezell
Fallon
Feenstra
Ferguson
Finstad
Fischbach
Fitzgerald
Fitzpatrick
Fleischmann
Flood
Foxx
Franklin, Scott
Fry
Fulcher
Gaetz
Gallagher
Garbarino
Garcia, Mike
Gimenez
Gonzales, Tony
Gooden (TX)
Graves (LA)
Graves (MO)
Green (TN)
Greene (GA)
Griffith
Grothman
Guest
Guthrie
Hageman
Harris
Harshbarger
Hern
Higgins (LA)
Hill
Hinson
Houchin
Hudson
Huizenga
Hunt
Issa
Jackson (TX)
James
Johnson (LA)
Johnson (SD)
Jordan
Joyce (OH)
Joyce (PA)
Kean (NJ)
Kelly (MS)
Kelly (PA)
Kiggans (VA)
Kiley
Kim (CA)
Kustoff
LaHood
LaLota
LaMalfa
Lamborn
Langworthy
Latta
LaTurner
Lawler
Lee (FL)
Lesko
Letlow
Loudermilk
Lucas
Luetkemeyer
Luna
Luttrell
Mace
Malliotakis
Maloy
Mann
Massie
Mast
McCaul
McClain
McClintock
McCormick
McHenry
Meuser
Miller (IL)
Miller (OH)
Miller (WV)
Miller-Meeks
Mills
Molinaro
Moolenaar
Moore (AL)
Moore (UT)
Moran
Nehls
Newhouse
Norman
Nunn (IA)
Obernolte
Ogles
Owens
Palmer
Pence
Perry
Pfluger
Posey
Reschenthaler
Rodgers (WA)
Rogers (AL)
Rogers (KY)
Rose
Rosendale
Rouzer
Roy
Rutherford
Salazar
Scalise
Schweikert
Scott, Austin
Self
Sessions
Simpson
Smith (MO)
Smith (NE)
Smith (NJ)
Smucker
Spartz
Stauber
Steel
Stefanik
Steil
Steube
Strong
Tenney
Thompson (PA)
Tiffany
Timmons
Turner
Van Drew
Van Duyne
Van Orden
Wagner
Walberg
Waltz
Weber (TX)
Webster (FL)
Wenstrup
Westerman
Williams (NY)
Williams (TX)
Wilson (SC)
Wittman
Womack
Yakym
Zinke
NOES--205
Adams
Aguilar
Allred
Amo
Auchincloss
Balint
Barragan
Beatty
Bera
Beyer
Bishop (GA)
Blumenauer
Blunt Rochester
Bonamici
Bowman
Boyle (PA)
Brown
Brownley
Budzinski
Bush
Caraveo
Cardenas
Carson
Carter (LA)
Cartwright
Casar
Case
Casten
Castor (FL)
Castro (TX)
Cherfilus-McCormick
Chu
Clark (MA)
Clarke (NY)
Cleaver
Clyburn
Cohen
Connolly
Correa
Costa
Courtney
Craig
Crockett
Crow
Cuellar
Davids (KS)
Davis (IL)
Davis (NC)
Dean (PA)
DeGette
DeLauro
DelBene
Deluzio
DeSaulnier
Dingell
Doggett
Escobar
Eshoo
Espaillat
Evans
Fletcher
Foster
Foushee
Frankel, Lois
Frost
Gallego
Garamendi
Garcia (IL)
Garcia (TX)
Garcia, Robert
Golden (ME)
Gomez
Gonzalez, Vicente
Gottheimer
Green, Al (TX)
Harder (CA)
Hayes
Himes
Horsford
Houlahan
Hoyer
Hoyle (OR)
Huffman
Ivey
Jackson (IL)
Jackson (NC)
Jacobs
Jayapal
Jeffries
Kamlager-Dove
Kaptur
Keating
Kelly (IL)
Khanna
Kildee
Kilmer
Krishnamoorthi
Kuster
Landsman
Larsen (WA)
Larson (CT)
Lee (CA)
Lee (NV)
Lee (PA)
Leger Fernandez
Levin
Lieu
Lofgren
Lynch
Magaziner
Manning
Matsui
McBath
McClellan
McCollum
McGarvey
McGovern
Meeks
Menendez
Meng
Mfume
Moore (WI)
Morelle
Moskowitz
Moulton
Mrvan
Mullin
Nadler
Napolitano
Neal
Neguse
Nickel
Norcross
Ocasio-Cortez
Omar
Pallone
Panetta
Pappas
Pascrell
Payne
Pelosi
Peltola
Perez
Peters
Pettersen
Phillips
Pingree
Pocan
Pressley
Quigley
Ramirez
Raskin
Ross
Ruiz
Ruppersberger
Ryan
Salinas
Sanchez
Sarbanes
Scanlon
Schakowsky
Schiff
Schneider
Scholten
Schrier
Scott (VA)
Scott, David
Sewell
Sherman
Sherrill
Slotkin
Smith (WA)
Sorensen
Soto
Spanberger
[[Page H1048]]
Stansbury
Stanton
Stevens
Strickland
Suozzi
Swalwell
Sykes
Takano
Thanedar
Thompson (CA)
Thompson (MS)
Titus
Tlaib
Tokuda
Tonko
Torres (CA)
Torres (NY)
Trahan
Trone
Underwood
Vargas
Vasquez
Veasey
Velazquez
Wasserman Schultz
Waters
Watson Coleman
Wexton
Wild
Wilson (FL)
NOT VOTING--15
Buck
Carbajal
Goldman (NY)
Good (VA)
Gosar
Granger
Grijalva
Jackson Lee
Johnson (GA)
Kim (NJ)
Mooney
Murphy
Porter
Valadao
Williams (GA)
{time} 1051
So the bill was passed.
The result of the vote was announced as above recorded.
A motion to reconsider was laid on the table.
PERSONAL EXPLANATION
Ms. GRANGER. Mr. Speaker, I was unable to attend votes due to
circumstances beyond my control. Had I been present, I would have voted
``nay'' on rollcall No. 73, ``nay'' on rollcall No. 74, ``nay'' on
rollcall No. 75, ``nay'' on rollcall No. 76, ``nay'' on rollcall No.
77, and ``aye'' on rollcall No. 78.
PERSONAL EXPLANATION
Mr. VALADAO. Mr. Speaker, due to a family emergency, I was not
present for today's votes on amendments to H.R. 2799, the Motion to
Recommit, and final passage of H.R. 2799. Had I been present, I would
have voted ``nay'' on rollcall No. 73, ``nay'' on rollcall No. 74,
``nay'' on rollcall No. 75, ``nay'' on rollcall No. 76, ``nay'' on
rollcall No. 77, and ``aye'' on rollcall No. 78.
PERSONAL EXPLANATION
Ms. PORTER. Mr. Speaker, I was unable to be present to cast my votes
today. Had I been present, I would have voted ``aye'' on rollcall Nos.
73, 74, 75, and 76; ``yea'' on rollcall No. 77; and ``nay'' on rollcall
No. 78.
____________________