[House Report 109-70]
[From the U.S. Government Publishing Office]



109th Congress                                                   Report
                        HOUSE OF REPRESENTATIVES
 1st Session                                                     109-70

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  PROVIDING FOR CONSIDERATION OF H.R. 1185, FEDERAL DEPOSIT INSURANCE 
                           REFORM ACT OF 2005

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 May 3, 2005.--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. 255]

    The Committee on Rules, having had under consideration 
House Resolution 255, 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. 1185, 
the Federal Deposit Insurance Reform Act of 2005, 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 further 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 pre-printed their amendments in 
the Congressional Record. Finally, the rule provides one motion 
to recommit with or without instructions.

                         EXPLANATION OF WAIVERS

    The Congressional Budget Office has identified H.R. 1185 as 
containing a private-sector mandate as defined in the Unfunded 
Mandates Reform Act, the cost of which is expected to exceed 
the annual threshold established by UMRA ($123 in 2005, 
adjusted annually for inflation). The waiver of all points of 
order against consideration of the bill includes a waiver of 
this provision.

                                  
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