History of Legislation

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History of Legislation ONE HUNDRED TENTH CONGRESS CONVENED JANUARY 3, 2007 FIRST SESSION ADJOURNED DECEMBER 19, 2007 CONVENED JANUARY 15, 2008 SECOND SESSION ADJOURNED DECEMBER 19, 2008 JOURNAL AND HISTORY OF LEGISLATION UNITED STATES HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES BARNEY FRANK, Chairman FINAL EDITION — December 19, 2008 SECOND SESSION For sale by the Superintendent of Documents, Congressional Sales Office U.S. Government Printing Office, Washington, DC 20402 COMMITTEE ON FINANCIAL SERVICES (RATIO: 37–33) BARNEY FRANK, Massachusetts, Chairman PAUL E. KANJORSKI, Pennsylvania SPENCER BACHUS, Alabama MAXINE WATERS, California DEBORAH PRYCE, Ohio CAROLYN B. MALONEY, New York MICHAEL N. CASTLE, Delaware LUIS V. GUTIERREZ, Illinois PETER T. KING, New York NYDIA M. VELÁZQUEZ, New York EDWARD R. ROYCE, California MELVIN L. WATT, North Carolina FRANK D. LUCAS, Oklahoma GARY L. ACKERMAN, New York RON PAUL, Texas BRAD SHERMAN, California STEVEN C. LATOURETTE, Ohio GREGORY W. MEEKS, New York DONALD A. MANZULLO, Illinois DENNIS MOORE, Kansas WALTER B. JONES, JR. North Carolina MICHAEL E. CAPUANO, Massachusetts JUDY BIGGERT, Illinois RUBÉN HINOJOSA, Texas CHRISTOPHER SHAYS, Connecticut WM. LACY CLAY, Missouri GARY G. MILLER, California CAROLYN MCCARTHY, New York SHELLEY MOORE CAPITO, West Virginia JOE BACA, California TOM FEENEY, Florida STEPHEN F. LYNCH, Massachusetts JEB HENSARLING, Texas BRAD MILLER, North Carolina SCOTT GARRETT, New Jersey DAVID SCOTT, Georgia GINNY BROWN-WAITE, Florida AL GREEN, Texas J. GRESHAM BARRETT, South Carolina EMANUEL CLEAVER, Missouri JIM GERLACH, Pennsylvania MELISSA L. BEAN, Illinois STEVAN PEARCE, New Mexico GWEN MOORE, Wisconsin RANDY NEUGEBAUER, Texas LINCOLN DAVIS, Tennessee TOM PRICE, Georgia PAUL W. HODES, New Hampshire GEOFF DAVIS, Kentucky KEITH ELLISON, Minnesota PATRICK MCHENRY, North Carolina RON KLEIN, Florida JOHN CAMPBELL, California TIM MAHONEY, Florida ADAM H. PUTNAM, Florida CHARLES A. WILSON, Ohio MICHELE BACHMANN, Minnesota ED PERLMUTTER, Colorado PETER ROSKAM, Illinois CHRISTOPHER S. MURPHY, Connecticut KENNY MARCHANT, Texas JOE DONNELLY, Indiana THADDEUS G. MCCOTTER, Michigan BILL FOSTER, Illinois KEVIN MCCARTHY, California ANDRE CARSON, Indiana DEAN HELLER, Nevada JACKIE SPEIER, California DON CAZAYOUX, Louisiana TRAVIS CHILDERS, Mississippi Jeanne M. Roslanowick, Staff Director and Chief Counsel ————— 2129 Rayburn House Office Building Washington, D.C. 20515 202-225-4247 http://financialservices.house.gov TABLE OF CONTENTS ————— TABLE OF CONTENTS ...........................................................................................................................................i COMMITTEE MEMBERSHIP ................................................................................................................................ 1 Committee on Financial Services ........................................................................................................................ 1 Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises .............................. 2 Subcommittee on Domestic and International Monetary Policy, Trade, and Technology ............................... 3 Subcommittee on Financial Institutions and Consumer Credit........................................................................ 4 Subcommittee on Housing and Community Opportunity.................................................................................. 5 Subcommittee on Oversight and Investigations ................................................................................................. 6 Membership Notes ............................................................................................................................................... .6 HISTORY OF LEGISLATION................................................................................................................................. 7 Committee Resolutions......................................................................................................................................... 7 House Bills............................................................................................................................................................. 9 House Resolutions.............................................................................................................................................141 House Concurrent Resolutions.........................................................................................................................147 House Joint Resolutions ...................................................................................................................................151 Senate Bills........................................................................................................................................................153 Legislation of Interest.......................................................................................................................................157 EXECUTIVE COMMUNICATIONS, MEMORIALS AND PETITIONS ..........................................................169 Executive Communications..............................................................................................................................169 Memorials..........................................................................................................................................................204 Petitions.............................................................................................................................................................206 HEARINGS ...........................................................................................................................................................208 Full Committee .................................................................................................................................................208 Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises ..........................222 Subcommittee on Domestic and International Monetary Policy, Trade, and Technology ...........................226 Subcommittee on Financial Institutions and Consumer Credit....................................................................230 Subcommittee on Housing and Community Opportunity..............................................................................233 Subcommittee on Oversight and Investigations .............................................................................................241 COMMITTEE MEETINGS ..................................................................................................................................245 Full Committee .................................................................................................................................................245 Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises ..........................275 Subcommittee on Domestic and International Monetary Policy, Trade, and Technology ...........................278 Subcommittee on Financial Institutions and Consumer Credit....................................................................280 Subcommittee on Housing and Community Opportunity..............................................................................282 Subcommittee on Oversight and Investigations .............................................................................................284 RECORD VOTES........................................................................... …………………………………………………. 286 Full Committee .................................................................................................................................................286 Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises ..........................407 PRINTED HEARINGS.........................................................................................................................................411 COMMITTEE PRINTS ........................................................................................................................................417 - i - COMMITTEE MEMBERSHIP ————— COMMITTEE ON FINANCIAL SERVICES (Ratio: 37-33) BARNEY FRANK, Massachusetts, Chairman PAUL E. KANJORSKI, Pennsylvania SPENCER BACHUS, Alabama MAXINE WATERS, California DEBORAH PRYCE, Ohio CAROLYN B. MALONEY, New York MICHAEL N. CASTLE, Delaware LUIS V. GUTIERREZ, Illinois PETER T. KING, New York NYDIA M. VELÁZQUEZ, New York EDWARD R. ROYCE, California MELVIN L. WATT, North Carolina FRANK D. LUCAS, Oklahoma GARY L. ACKERMAN, New York RON PAUL, Texas BRAD SHERMAN, California STEVEN C. LATOURETTE, Ohio GREGORY W. MEEKS, New York DONALD A. MANZULLO, Illinois DENNIS MOORE, Kansas WALTER B. JONES, JR. North Carolina MICHAEL E. CAPUANO, Massachusetts JUDY BIGGERT, Illinois RUBÉN HINOJOSA, Texas CHRISTOPHER SHAYS, Connecticut WM. LACY CLAY, Missouri GARY G. MILLER, California CAROLYN MCCARTHY, New York SHELLEY MOORE CAPITO, West Virginia JOE BACA, California TOM FEENEY, Florida STEPHEN F. LYNCH, Massachusetts JEB HENSARLING, Texas BRAD MILLER, North Carolina SCOTT GARRETT, New Jersey DAVID SCOTT, Georgia GINNY BROWN-WAITE, Florida AL GREEN, Texas J. GRESHAM BARRETT, South Carolina EMANUEL CLEAVER, Missouri JIM GERLACH, Pennsylvania MELISSA L. BEAN, Illinois STEVAN PEARCE, New Mexico GWEN MOORE, Wisconsin RANDY NEUGEBAUER, Texas LINCOLN DAVIS, Tennessee TOM PRICE,
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