ONE HUNDRED TWELFTH CONGRESS CONVENED JANUARY 5, 2011 FIRST SESSION ADJOURNED JANUARY 3, 2012 CONVENED JANUARY 3, 2012 SECOND SESSION ADJOURNED JANUARY 3 , 2013 JOURNAL AND HISTORY OF LEGISLATION UNITED STATES HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES SPENCER BACHUS, Chairman FINAL EDITION — December 31, 2012 SECOND SESSION For sale by the Superintendent of Documents, Congressional Sales Office U.S. Government Printing Office, Washington, DC 20402 COMMITTEE ON FINANCIAL SERVICES SPENCER BACHUS, Alabama, Chairman JEB HENSARLING, Texas, Vice Chairman BARNEY FRANK, Massachusetts, Ranking Member PETER T. KING, New York MAXINE WATERS, California EDWARD R. ROYCE, California CAROLYN B. MALONEY, New York FRANK D. LUCAS, Oklahoma LUIS V. GUTIERREZ, Illinois RON PAUL, Texas NYDIA M. VELÁZQUEZ, New York DONALD A. MANZULLO, Illinois MELVIN L. WATT, North Carolina WALTER B. JONES, North Carolina GARY L. ACKERMAN, New York JUDY BIGGERT, Illinois BRAD SHERMAN, California GARY G. MILLER, California GREGORY W. MEEKS, New York SHELLEY MOORE CAPITO, West Virginia MICHAEL E. CAPUANO, Massachusetts SCOTT GARRETT, New Jersey RUBÉN HINOJOSA, Texas RANDY NEUGEBAUER, Texas WM. LACY CLAY, Missouri PATRICK T. MCHENRY, North Carolina CAROLYN MCCARTHY, New York JOHN CAMPBELL, California JOE BACA, California MICHELE BACHMANN, Minnesota STEPHEN F. LYNCH, Massachusetts KEVIN MCCARTHY, California BRAD MILLER, North Carolina STEVAN PEARCE, New Mexico DAVID SCOTT, Georgia BILL POSEY, Florida AL GREEN, Texas MICHAEL G. FITZPATRICK, Pennsylvania EMANUEL CLEAVER, Missouri LYNN A. WESTMORELAND, Georgia GWEN MOORE, Wisconsin BLAINE LUETKEMEYER, Missouri KEITH ELLISON, Minnesota BILL HUIZENGA, Michigan ED PERLMUTTER, Colorado SEAN P. DUFFY, Wisconsin JOE DONNELLY, Indiana NAN A. S. HAYWORTH, New York ANDRÉ CARSON, Indiana JAMES B. RENACCI, Ohio JAMES A. HIMES, Connecticut ROBERT HURT, Virginia GARY C. PETERS, Michigan ROBERT J. DOLD, Illinois JOHN C. CARNEY, JR., Delaware DAVID SCHWEIKERT, Arizona MICHAEL G. GRIMM, New York FRANCISCO “QUICO” CANSECO, Texas STEVE STIVERS, Ohio STEPHEN LEE FINCHER, Tennessee FRANK C. GUINTA, New Hampshire Larry Lavender, Chief of Staff (2011) James H. Clinger, Staff Director and Chief Counsel (2012) ————— 2129 Rayburn House Office Building Washington, D.C. 20515 202-225-7502 http://financialservices.house.gov TABLE OF CONTENTS ————— TABLE OF CONTENTS ........................................................................................................................................... i COMMITTEE MEMBERSHIP ................................................................................................................................ 1 Committee on Financial Services ........................................................................................................................ 1 Subcommittee on Capital Markets and Government Sponsored Enterprises .................................................. 2 Subcommittee on Domestic Monetary Policy and Technology .......................................................................... 2 Subcommittee on Financial Institutions and Consumer Credit ....................................................................... 3 Subcommittee on Insurance, Housing and Community Opportunity ............................................................... 3 Subcommittee on International Monetary Policy and Trade ............................................................................ 4 Subcommittee on Oversight and Investigations ................................................................................................. 4 HISTORY OF LEGISLATION ................................................................................................................................ 5 Committee Resolutions ........................................................................................................................................ 5 House Bills ............................................................................................................................................................ 7 House Resolutions ............................................................................................................................................ 135 House Concurrent Resolutions ........................................................................................................................ 137 House Joint Resolutions ................................................................................................................................... 139 Senate Bills ....................................................................................................................................................... 141 Legislation of Interest ...................................................................................................................................... 143 HEARINGS ........................................................................................................................................................... 147 Full Committee ................................................................................................................................................. 147 Subcommittee on Capital Markets and Government Sponsored Enterprises .............................................. 153 Subcommittee on Domestic Monetary Policy and Technology ...................................................................... 163 Subcommittee on Financial Institutions and Consumer Credit ................................................................... 167 Subcommittee on Insurance, Housing and Community Opportunity ........................................................... 177 Subcommittee on International Monetary Policy and Trade ........................................................................ 186 Subcommittee on Oversight and Investigations ............................................................................................. 189 COMMITTEE MEETINGS .................................................................................................................................. 194 Full Committee ................................................................................................................................................. 194 Subcommittee on Capital Markets and Government Sponsored Enterprises .............................................. 213 Subcommittee on Domestic Monetary Policy and Technology ...................................................................... 223 Subcommittee on Financial Institutions and Consumer Credit ................................................................... 225 Subcommittee on Insurance, Housing and Community Opportunity ........................................................... 227 Subcommittee on International Monetary Policy and Trade ........................................................................ 229 Subcommittee on Oversight and Investigations ............................................................................................. 231 RECORD VOTES ................................................................................................................................................. 232 Full Committee ................................................................................................................................................. 232 Subcommittee on Capital Markets and Government Sponsored Enterprises ............................................. 313 Subcommittee on Financial Institutions and Consumer Credit ................................................................... 373 Subcommittee on Insurance, Housing and Community Opportunity ........................................................... 384 Subcommittee on Oversight and Investigations ............................................................................................. 386 PRINTED HEARINGS ........................................................................................................................................ 387 COMMITTEE PRINTS ........................................................................................................................................ 393 EXECUTIVE COMMUNICATIONS ................................................................................................................... 395 MEMORIALS REFERRED ................................................................................................................................. 431 PETITIONS REFERRED .................................................................................................................................... 433 PRESIDENTIAL MESSAGES ............................................................................................................................ 435 i ii COMMITTEE MEMBERSHIP ————— COMMITTEE ON FINANCIAL SERVICES (Ratio: 34-27) SPENCER BACHUS, Alabama, Chairman† JEB HENSARLING, Texas, Vice Chairman BARNEY FRANK, Massachusetts, Ranking Member PETER T. KING, New York MAXINE WATERS, California EDWARD R. ROYCE, California CAROLYN B. MALONEY, New York FRANK D. LUCAS, Oklahoma LUIS V. GUTIERREZ, Illinois RON PAUL, Texas† NYDIA M. VELÁZQUEZ, New York DONALD A. MANZULLO, Illinois MELVIN L. WATT, North Carolina WALTER B. JONES, North Carolina GARY L. ACKERMAN, New York JUDY BIGGERT, Illinois BRAD SHERMAN, California GARY G. MILLER, California GREGORY W. MEEKS, New York SHELLEY MOORE CAPITO, West Virginia MICHAEL E. CAPUANO,