[House Report 115-613]
[From the U.S. Government Publishing Office]


115th Congress    }                                   {        Report
                        HOUSE OF REPRESENTATIVES
 2d Session       }                                   {       115-613

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 PROVIDING FOR CONSIDERATION OF THE BILL (H.R. 4566) TO AMEND THE DODD-
FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT TO PROVIDE RELIEF 
   TO NONBANKS FROM CERTAIN STRESS TEST REQUIREMENTS UNDER SUCH ACT; 
 PROVIDING FOR CONSIDERATION OF THE BILL (H.R. 5247) TO AUTHORIZE THE 
  USE OF ELIGIBLE INVESTIGATIONAL DRUGS BY ELIGIBLE PATIENTS WHO HAVE 
BEEN DIAGNOSED WITH A STAGE OF A DISEASE OR CONDITION IN WHICH THERE IS 
REASONABLE LIKELIHOOD THAT DEATH WILL OCCUR WITHIN A MATTER OF MONTHS, 
OR WITH ANOTHER ELIGIBLE ILLNESS, AND FOR OTHER PURPOSES; AND FOR OTHER 
                                PURPOSES

                                _______
                                

   March 19, 2018.--Referred to the House Calendar and ordered to be 
                                printed

                                _______
                                

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

                              R E P O R T

                       [To accompany H. Res. 787]

    The Committee on Rules, having had under consideration 
House Resolution 787, 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. 4566, the 
Alleviating Stress Test Burdens to Help Investors Act, under a 
structured rule. The resolution provides one hour of 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. The resolution provides that an amendment in the 
nature of a substitute consisting of the text of Rules 
Committee Print 115-65, shall be considered as adopted and the 
bill, as amended, shall be considered as read. The resolution 
waives all points of order against provisions in the bill, as 
amended. The resolution makes in order only the further 
amendment printed in this report, if offered by the Member 
designated in this report, which shall be considered as read, 
shall be debatable for the time specified in this report 
equally divided and controlled by the proponent and an 
opponent, shall not be subject to amendment, and shall not be 
subject to a demand for division of the question. The 
resolution waives all points of order against the amendment 
printed in this report. The resolution provides one motion to 
recommit with or without instructions.
    Section 2 of the resolution provides for consideration of 
H.R. 5247, the Trickett Wendler, Frank Mongiello, Jordan 
McLinn, and Matthew Bellina Right to Try Act of 2018, under a 
closed rule. The resolution provides one hour of debate equally 
divided and controlled by the chair and ranking minority member 
of the Committee on Energy and Commerce. The resolution waives 
all points of order against consideration of the bill. The 
resolution provides that the bill shall be considered as read. 
The resolution waives all points of order against provisions in 
the bill. The resolution provides for one motion to recommit.
    Section 3 of the resolution waives clause 6(a) of rule XIII 
(requiring a two-thirds vote to consider a rule on the same day 
it is reported from the Rules Committee) against any resolution 
reported from the Rules Committee through the legislative day 
of March 23, 2018.
    Section 4 of the resolution provides that it shall be in 
order at any time on the legislative day of March 22, 2018, or 
March 23, 2018, for the Speaker to entertain motions that the 
House suspend the rules and that the Speaker or his designee 
shall consult with the Minority Leader or her designee on the 
designation of any matter for consideration pursuant to this 
section.
    Section 5 of resolution extends the Holman Rule standing 
order through the end of the 115th Congress. This section 
amends section 3(a) of H. Res. 5 (115th Congress) by striking 
``the first session of''.

                         EXPLANATION OF WAIVERS

    Although the resolution waives all points of order against 
consideration of H.R. 4566, the Committee is not aware of any 
points of order. The waiver is prophylactic in nature.
    Although the resolution waives all points of order against 
provisions in H.R. 4566, as amended, the Committee is not aware 
of any points of order. The waiver is prophylactic in nature.
    Although the resolution waives all points of order against 
the amendment to H.R. 4566 printed in this report, the 
Committee is not aware of any points of order. The waiver is 
prophylactic in nature.
    Although the resolution waives all points of order against 
consideration of H.R. 5247, the Committee is not aware of any 
points of order. The waiver is prophylactic in nature.
    Although the resolution waives all points of order against 
the provisions in H.R. 5247, the Committee is not aware of any 
points of order. The waiver is prophylactic in nature.

          SUMMARY OF THE AMENDMENT TO H.R. 4566 MADE IN ORDER

    1. Waters (CA): Restores the Federal Reserve Board's 
discretionary authority to stress test any non-designated non-
bank, provided that certain conditions are met. It would also 
allow the Fed to use alternatives to capital, as appropriate, 
when stress-testing SIFI-designated non-banks, and eliminates 
the bill's $10 billion threshold for the SEC's and CFTC's 
authority to issue stress testing rules for entities under 
their purview. (10 minutes)

              TEXT OF AMENDMENT TO H.R. 4566 MADE IN ORDER

1. An Amendment To Be Offered by Representative Waters of California or 
                 Her Designee, Debatable for 10 Minutes

  Page 1, strike lines 8 and 9 and insert the following:
          (1) in paragraph (1)(B)--
                  (A) by redesignating clauses (ii) through (v) 
                as clauses (iii) through (vi), respectively;
                  (B) by inserting after clause (i) the 
                following:
                          ``(ii) may conduct the evaluation 
                        required by this subsection utilizing 
                        alternatives to the capital adequacy 
                        test described in subparagraph (A), as 
                        the Board may determine appropriate;''; 
                        and
                  (C) in clause (iii), as so redesignated, by 
                inserting before the semicolon the following: 
                ``, provided that such tests of any nonbank 
                financial company--
                                  ``(I) are requested by a 
                                majority vote of the Council;
                                  ``(II) are conducted in 
                                accordance with the company's 
                                business model, including by 
                                utilizing alternatives to the 
                                capital adequacy test described 
                                in subparagraph (A), as the 
                                Board may determine 
                                appropriate; and
                                  ``(III) are not already 
                                required by the company's 
                                Federal primary financial 
                                regulatory agency''; and

  Page 2, beginning on line 10, strike ``and that have total 
consolidated assets of more than $10,000,000,000''.

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