[House Report 110-25]
[From the U.S. Government Publishing Office]



110th Congress                                                   Report
                        HOUSE OF REPRESENTATIVES
 1st Session                                                     110-25

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  PROVIDING FOR CONSIDERATION OF H.R. 556--NATIONAL SECURITY FOREIGN 
      INVESTMENT REFORM AND STRENGTHENED TRANSPARENCY ACT OF 2007

                                _______
                                

 February 27, 2007.--Referred to the House Calendar and ordered to be 
                                printed

                                _______
                                

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

                              R E P O R T

                       [To accompany H. Res. 195]

    The Committee on Rules, having had under consideration 
House Resolution 195 by a non-record 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 of H.R. 556, the 
National Security Foreign Investment Reform and Strengthened 
Transparency Act of 2007, under an open rule with a preprinting 
requirement. 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 except those arising under clauses 9 or 10 of rule 
XXI. The rule makes in order the Committee on Financial 
Services amendment in the nature of a substitute now printed in 
the bill as an original bill for the purpose of amendment. The 
amendment in the nature of a substitute shall be considered for 
amendment by section with each section considered as read. The 
rule provides that notwithstanding clause 11 of rule XVIII, no 
amendment to the committee amendment in the nature of a 
substitute shall be in order except those printed in the 
portion of the Congressional Record designated for that purpose 
in clause 8 of rule XVIII and except pro forma amendments for 
the purpose of debate. Each amendment so printed may be offered 
only by the Member who caused it to be printed or his designee 
and shall be considered as read. The rule provides one motion 
to recommit with or without instructions.

                         EXPLANATION OF WAIVERS

    Although the rule waives all points of order against 
consideration of the bill (except for clauses 9 or 10 of Rule 
XXI), the Committee is not aware of any points of order against 
consideration of the bill. The waiver of all points of order 
against consideration of the bill is prophylactic in nature.

                                  
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