[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.

                          ____________________