[House Report 111-2]
[From the U.S. Government Publishing Office]



111th Congress}                                                 {Report
  1st Session }          HOUSE OF REPRESENTATIVES               {111-2
                                                       
======================================================================
 
   PROVIDING FOR CONSIDERATION OF THE BILL (H.R. 384) TO REFORM THE 
  TROUBLED ASSETS RELIEF PROGRAM OF THE SECRETARY OF THE TREASURY AND 
                ENSURE ACCOUNTABILITY UNDER SUCH PROGRAM

                                _______
                                

  January 13, 2009.--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. 53]

    The Committee on Rules, having had under consideration 
House Resolution 53, by voice 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. 384, the 
TARP Reform and Accountability Act of 2009. The resolution 
provides for two hours of general debate equally divided and 
controlled by the chair and ranking minority member of the 
Committee on Financial Services. The resolution waives all 
points of order against consideration of the bill except those 
arising under clause 9 of rule XXI. The resolution provides 
that the Committee of the Whole shall rise without motion after 
general debate and that no further consideration of the bill 
shall occur except pursuant to a subsequent order of the House.

                         EXPLANATION OF WAIVERS

    The waiver of all points of order against consideration of 
the bill (except for those arising under clause 9 of rule XXI), 
includes a waiver of clause 10 of rule XXI regarding PAYGO.

                                  
