On the recordJuly 21, 2011
House Resolution 358 provides for a structured rule, designated by the Rules Committee, for consideration of H.R. 1315. This rule allows for 11 of 14 amendments submitted to the Rules Committee to be made in order. {time} 1310 Madam Speaker, this rule provides for debate and amendment opportunities for members of the minority and the majority to change the legislative text of the underlying bill. Madam Speaker, I rise today in support of this rule and the underlying legislation. This legislation, the Consumer Financial Protection Safety and Soundness Improvement Act, was introduced by my dear friend from Wisconsin, the Congressman Sean Duffy, on April 1, 2011. The bill went through regular order, with hearings, subcommittee markup, and a full committee markup. I applaud my friend, the distinguished chairman of the Financial Services Committee, the gentleman from Alabama, Spencer Bachus, for providing such an open process and an opportunity for all members of the Financial Services Committee to participate in reforming and changing this bill. Additionally, the chairman of the Rules Committee, the gentleman David Dreier, has once again provided Members of this body with a Rules Committee vote to ensure that we have transparency and an accountable structure under the rule which we're discussing today allowing Members from both sides of the aisle this opportunity to offer amendments and to join in the debate of the underlying legislation.…





