[House Report 108-138]
[From the U.S. Government Publishing Office]



108th Congress                                                   Report
                        HOUSE OF REPRESENTATIVES
 1st Session                                                    108-138
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 PROVIDING FOR CONSIDERATION OF H.R. 1474, CHECK CLEARING FOR THE 21ST 
                              CENTURY ACT

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June 3, 2003.--Referred to the House Calendar and ordered to be printed

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

                              R E P O R T

                       [To accompany H. Res. 256]

    The Committee on Rules, having had under consideration 
House Resolution 256, 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 the consideration of H.R. 1474, 
the Check Clearing for the 21st Century Act, under an open 
rule. The rule provides one hour of general debate equally 
divided and controlled by the chairman and ranking minority 
member of the Committee on Financial Services. The rule waives 
all points of order against consideration of the bill.
    The rule provides that the amendment in the nature of a 
substitute recommended by the Committee on Financial Services 
now printed in the bill shall be considered as an original bill 
for the purpose of amendment. The rule provides that the bill 
shall be considered for amendment by section and that each 
section shall be considered as read. The rule authorizes the 
Chair to accord priority in recognition to Members who have 
preprinted their amendments in the Congressional Record. 
Finally, the rule provides one motion to recommit with or 
without instructions.
    The waiver of all points of order against consideration of 
the bill in the rule includes a waiver of clause 4(a) of rule 
XIII (requiring a three-day layover of the committee report), 
which is necessary because the committee report (H. Rept. 108-
132) was not filed until Monday, June 2, 2003, and the bill may 
be considered by the House as early as Wednesday, June 4, 2003.