Mike Collins: “I am pleased to bring this rule forward on behalf of the Rules Committee. The rule provides for the consideration of…”

“I am pleased to bring this rule forward on behalf of the Rules Committee. The rule provides for the consideration of H.R. 5711, to prohibit the Secretary of the Treasury from authorizing certain transactions by a U.S. financial institution in connection with the export or re-export of a commercial passenger aircraft to the Islamic Republic of Iran. The rule also provides for the consideration of H.R. 5982, the Midnight Rules Relief Act. The rule provides for 1 hour of debate, equally divided and controlled by the chair and the ranking member of the Judiciary Committee. It also provides a motion to recommit. Additionally, the bill provides for 1 hour of debate, equally divided and controlled by the chair and ranking member of the Financial Services Committee, with a motion to recommit. On Monday, the Rules Committee heard testimony from the chairman of the Committee on the Judiciary, Bob Goodlatte; from Regulatory Reform, Commercial and Antitrust Law Subcommittee Ranking Member Hank Johnson; and from the chairman of the Committee on Financial Services, Jeb Hensarling, and Congressman Denny Heck. H.R. 5982, the Midnight Rules Relief Act, was marked up and reported by the Judiciary Committee, and it enjoyed discussion at the committee level. The rule also combines H.R. 5715, the No Ex-Im Assistance for Terrorism Act, with H.R. 5711. Both of these bills were approved by the House Financial Services Committee in July. The rule makes in order five amendments to H.R.…”