[House Report 108-267]
[From the U.S. Government Publishing Office]



108th Congress                                                   Report
                        HOUSE OF REPRESENTATIVES
 1st Session                                                    108-267

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  PROVIDING FOR CONSIDERATION OF H.R. 2622, FAIR AND ACCURATE CREDIT 
                        TRANSACTIONS ACT OF 2003

                                _______
                                

 September 9, 2003.--Referred to the House Calendar and ordered to be 
                                printed

                                _______
                                

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

                              R E P O R T

                       [To accompany H. Res 360]

    The Committee on Rules, having had under consideration 
House Resolution 360, 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. 2622, 
the Fair and Accurate Credit Transactions Act of 2003, under a 
modified 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 and shall be 
considered as read. The rule waives all points of order against 
the committee amendment in the nature of a substitute.
    The rule makes in order only those amendments to the 
committee amendment that are preprinted in the Congressional 
Record or are pro forma amendments for the purpose of debate. 
The rule provides that each amendment printed in the 
Congressional Record may be offered only by the Member who 
cause it to be printed or a designee, and that each amendment 
shall be considered as read. Finally, the rule provides one 
motion to recommit with or without instructions.

                                
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