I think that it's necessary when we take up a bill that would eliminate a law that is intended to help 10,780,326 homeowners that we look to the underlying reason why the problem exists. This amendment does that. We ought not be using artificial rules that prevent us from the underlying problem, allowing those rules to stop us from taking up the real problem. I oppose the proposal to rule this out of order. The Acting CHAIR. Does any other Member seek to speak to the point of order? If not, the Chair is prepared to rule. The gentlewoman from Illinois makes the point of order that the amendment offered by the gentleman from California is not germane. The bill addresses repeal of a Federal Housing Administration program that provides for refinancing of a specified set of mortgages. One of the fundamental principles of germaneness is that the amendment must relate to the subject matter of the underlying bill. The bill is confined to a specific type of refinancing program. The amendment seeks to address regulation of the financial industry, a matter outside the confines of the subject addressed by the bill. The amendment is therefore not germane. The point of order is sustained.
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