[House Report 107-97]
[From the U.S. Government Publishing Office]




107th Congress                                                   Report
                        HOUSE OF REPRESENTATIVES
 1st Session                                                     107-97

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PROVIDING FOR CONSIDERATION OF H.R. 1088, INVESTOR AND CAPITAL MARKETS 
                             FEE RELIEF ACT

                                _______
                                

   June 12, 2001.--Referred to the House Calendar and ordered to be 
                                printed

                                _______
                                

    Mr. Linder, from the Committee on Rules, submitted the following

                              R E P O R T

                       [To accompany H. Res. 161]

    The Committee on Rules, having had under consideration 
House Resolution 161, by a nonrecord vote, report the same to 
the House with the recommendation that the resolution be 
adopted.

                SUMMARY OF PROVISIONS OF THE RESOLUTION

    The resolution provides for consideration in the House of 
H.R. 1088, the Investor and Capital Markets Fee Relief Act, 
under a modified closed rule. The rule provides one hour of 
debate equally divided and controlled by the chairman and 
ranking minority member of the Committee on Financial Services. 
The rule provides that, in lieu of the amendment recommended by 
the Committee on Financial Services now printed in the bill, 
the amendment in the nature of a substitute printed in the 
Congressional Record and numbered one shall be considered as 
adopted. The rule waives all points of order against 
consideration of the bill as amended.
    The rule provides for consideration of the amendment 
printed in the Congressional Record and numbered 2, if offered 
by Representative LaFalce or his designee, which shall be 
considered as read and shall be separately debatable for one 
hour equally divided and controlled by the proponent and an 
opponent. The rule waives all points of order against the 
amendment numbered 2 printed in the Congressional Record. 
Finally, the rule provides one motion to recommit with or 
without instructions.
    The waiver of all points of order includes a waiver of 
clause 3(c)(4) of rule XIII (requiring each report to contain a 
statement of general performance goals and objectives, 
including outcome-related goals and objectives, for which the 
measure authorizes funding), which is needed because the report 
failed to include a statement of general performance goals and 
objectives related to authorizations contained in the bill.

                                
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