On the recordJanuary 12, 2017
I would just point out again that this amendment does not hit the target. The SEC does not regulate financial institutions. 15 U.S.C. 78c defines the term ``financial institutions,'' and that definition includes a bank, a foreign bank, and a savings association. The SEC does not regulate any of the entities that are described in this. In addition to that, the Securities and Exchange Commission's Chair-- Chairwoman in this instance, who will be resigning soon--is covered under governmentwide ethics rules and laws. The SEC has additional SEC- specific rules that are in place. This amendment would do absolutely nothing to support or diminish those because it doesn't actually address any situation that they have. Mr. Chairman, I yield back the balance of my time. The Acting CHAIR. The question is on the amendment offered by the gentleman from California (Mr. DeSaulnier). The question was taken; and the Acting Chair announced that the noes appeared to have it. Mr. DeSAULNIER. Mr. Chairman, I demand a recorded vote. The Acting CHAIR. Pursuant to clause 6 of rule XVIII, further proceedings on the amendment offered by the gentleman from California will be postponed. Amendment No. 5 Offered by Mr. Raskin The Acting CHAIR. It is now in order to consider amendment No. 5 printed in part A of House Report 115-3.
