[House Report 110-96]
[From the U.S. Government Publishing Office]



110th Congress                                                   Report
                        HOUSE OF REPRESENTATIVES
 1st Session                                                     110-96

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   PROVIDING FOR CONSIDERATION OF H.R. 1257, THE SHAREHOLDER VOTE ON 
                       EXECUTIVE COMPENSATION ACT

                                _______
                                

   April 17, 2007.--Referred to the House Calendar and ordered to be 
                                printed

                                _______
                                

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

                              R E P O R T

                       [To accompany H. Res. 301]

    The Committee on Rules, having had under consideration 
House Resolution 301 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 of H.R. 1257, the 
Shareholder Vote on Executive Compensation Act, 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 and 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 as 
read. The rule provides that no amendment to the committee 
amendment in the nature of a substitute shall be in order 
except those printed on or before Tuesday, April 17, 2007, 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 a designee and shall be considered as read. The rule 
provides one motion to recommit with or without instructions.

                         EXPLANATION OF WAIVERS

    The waiver of all points of order against consideration of 
the bill (except for clauses 9 or 10 of rule XXI) includes a 
waiver of clause 4(a) of rule XIII (requiring a three-day 
layover of the committee report).

                            COMMITTEE VOTES

    The results of each record vote on an amendment or motion 
to report, together with the names of those voting for and 
against, are printed below:

Rules Committee record vote No. 125

    Date: April 17, 2007.
    Measure: H.R. 1257.
    Motion by: Mr. Dreier.
    Summary of motion: To grant an open rule with no pre-
printing requirement.
    Results: Defeated 4-8.
    Vote by Members: McGovern--Nay; Hastings (FL)--Nay; 
Cardoza--Nay; Welch--Nay; Castor--Nay; Arcuri--Nay; Sutton--
Nay; Dreier--Yea; Diaz-Balart--Yea; Hastings (WA)--Yea; 
Sessions--Yea; Slaughter--Nay.

Rules Committee record vote No. 126

    Date: April 17, 2007.
    Measure: H.R. 1257.
    Motion by: Mr. Diaz-Balart.
    Summary of motion: To strike the date limitation on the 
preprinting requirement.
    Results: Defeated 4-8.
    Vote by Members: McGovern--Nay; Hastings (FL)--Nay; 
Cardoza--Nay; Welch--Nay; Castor--Nay; Arcuri--Nay; Sutton--
Nay; Dreier--Yea; Diaz-Balart--Yea; Hastings (WA)--Yea; 
Sessions--Yea; Slaughter--Nay.

                                  
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