Financial Institutions Reform, Recovery, and Enforcement Act of 1989

Signed by President.

Signed by President.

Became Public Law No: 101-73.

Became Public Law No: 101-73.

Measure Signed in Senate.

Presented to President.

Presented to President.

Conference report agreed to in House: On agreeing to the conference report Agreed to by recorded vote: 201 - 175 (Roll no. 219).

On agreeing to the conference report Agreed to by recorded vote: 201 - 175 (Roll no. 219).

Message on Senate action sent to the House.

CONSIDERATION OF LEGISLATION - Mr. Gonzalez asked unanimous consent that when the conference report to accompany the bill H.R. 1278 is called up pursuant to the previous order of the House of August 3, 1989, that all points of order against the conference report and against its consideration be waived, and that the conference report be considered as read when called up. Agreed to without objection.

Further conference report considered in Senate.

Conference report agreed to in Senate: Senate agreed to further conference report by Division Vote.

Senate agreed to further conference report by Division Vote.

Conference report filed: Conference report H. Rept. 101-222 filed.

Conference report H. Rept. 101-222 filed.

Mr. Gonzalez brought up conference report H.Rept. 101-222 by previously agreed to special order.

DEBATE - The House proceeded with one hour of debate on the conference report.

The previous question was ordered without objection.

Rule H. Res. 222 passed House.

Mr. Gonzalez brought up conference report H.Rept. 101-209 for consideration as a privileged matter.

DEBATE - The House proceeded with one hour of debate on the conference report.

The previous question was ordered without objection.

Mr. Michel moved to recommit with instructions to the conference committee.

RECOMMIT WITH INSTRUCTIONS - The Michel motion to recommit contains instructions which require the Managers on the part of the House to agree to a financing mechanism which is properly within the scope of the conference and which will allow the bill to be signed into law as quickly as possible.

REDUCTION OF TIME ALLOTTED FOR VOTING - The Chair announced that the period of time for a roll call on final passage, if ordered, will be reduced to five minutes.

On motion to recommit with instructions to conference committee Failed by the Yeas and Nays: 170 - 250 (Roll no. 213).

Conference report agreed to in House: On agreeing to the conference report Agreed to by recorded vote: 221 - 199 (Roll no. 214).

Motions to reconsider laid on the table Agreed to without objection.

On agreeing to the conference report Agreed to by recorded vote: 221 - 199 (Roll no. 214).

Conference papers: message on House action held at the desk in Senate.

Conference report considered in Senate.

Motion to waive the Budget Act with respect to the Conference Report rejected in Senate by Yea-Nay Vote. 54-46. Record Vote No: 166.

Point of order raised in Senate with respect to the Conference Report.

The Conference report ruled out of order by the chair.

Senate further insisted on its amendments and asked for a conference. By Voice Vote.

Senate appointed conferees. Riegle; Cranston; Sarbanes; Garn; Heinz.

RESOLVING DIFFERENCES WITH THE SENATE - Mr. Gonzalez asked unanimous consent that, if and when the Clerk receives a message from the Senate indicating that that body further insisted upon its amendment to H.R. 1278 and requested a further conference with the House, that the House be deemed to have insisted upon its disagreement to the amendment of the Senate and agreed to the further conference as asked by the Senate, and that the Speaker be authorized to appoint conferees. Agreed to without objection.

On motion to insist on its disagreement to the Senate amendment and agree to a further conference Agreed to without objection.

PERMISSION TO CONSIDER CONFERENCE REPORT - Mr. Gonzalez asked unanimous consent that it shall be in order at any time today or any day thereafter, to consider a conference report on H.R. 1278. Agreed to without objection.

Mr. Wylie moved that the House instruct conferees.

DEBATE - The House proceeded with one hour of debate on the motion to instruct conferees on the part of the House to agree to all matters contained in the conference report on H.R. 1278 filed on August 1, 1989, with the exception of those provisions related to funding contained in Title V of the conference reported bill.

On motion that the House instruct conferees Agreed to by voice vote.

Motion to reconsider laid on the table Agreed to without objection.

The chair appointed conferees - from the Committee on Banking, Finance and Urban Affairs: Gonzalez, Annunzio, Fauntroy, Neal (NC), Hubbard, LaFalce, Vento, Schumer, Frank, Morrison (CT), Torres, Kleczka, Wylie, Leach (IA), Hiler, Ridge, Saxton, Saiki, Paxon, and Bartlett.

The chair appointed conferees - from the Committee on Ways and Means: Rostenkowski, Gibbons, Pickle, Rangel, Stark, Jacobs, Ford (TN), Jenkins, Downey, Guarini, Russo, Pease, Archer, Vander Jagt, Crane, Frenzel, Schulze, Gradison, Thomas (CA), and McGrath.

The chair appointed conferees - from the Committee on Rules: Moakley, Derrick, Beilenson, Frost, Bonior, Quillen, and Solomon.

The chair appointed conferees - from the Committee on Government Operations: Conyers, Collins, English, Synar, Wise, Horton, Clinger, and McCandless.

Rules Committee Resolution H. Res. 222 Reported to House. Rule provides for consideration of the conference report to H.R. 1278. The resolution waives all points of order against the conference report and against its consideration.

Mr. Gonzalez asked unanimous consent that managers on the part of the House have until midnight on Aug. 1 to file a conference report on H.R. 1278. Agreed to without objection.

Conference report filed: Conference report H. Rept. 101-209 filed. Filed late, pursuant to previous special order.

Conference report H. Rept. 101-209 filed. Filed late, pursuant to previous special order.

Conference committee actions: Conferees agreed to file conference report.

Conferees agreed to file conference report.

Conference committee actions: Conference held.

Conference held.

Conference committee actions: Conference held.

Conference held.

Conference committee actions: Conference held.

Conference held.

Conference committee actions: Conference held.

Conference held.

Conference committee actions: Conference held.

Conference held.

CORRECTIONS IN CONFERENCE DESIGNATIONS - The Speaker, under the authority granted by the House on June 22, 1989, announced the following corrections in the designations of the appointments of conferees on H.R. 1278: (1) For the second panel from the Committee on Banking, Finance, and Urban Affairs, delete section 223 of the House bill from the sections under consideration; (2) For the first panel from the Committee on Ways and Means, add section 1412 of the Senate amendment as a section for consideration; and, (3) For the second panel from the Committee on Ways and Means, delete section 503 of the Senate amendment from the sections under consideration.

Message on Senate action sent to the House.

Conference committee actions: Conference held.

Conference held.

Mr. Gonzalez asked unanimous consent that the House disagree to the Senate amendment, and agree to a conference.

On motion that the House disagree to the Senate amendment, and agree to a conference Agreed to without objection.

Mr. Wylie moved that the House instruct conferees.

DEBATE ON MOTION TO INSTRUCT CONFEREES - The House is proceeding with one hour of debate on the Wylie motion to instruct conferees on the part of the House to not recede to the amendments of the Senate that would single out a specific institution or institutions for unusual or special treatment.

The previous question was ordered without objection.

On motion that the House instruct conferees Agreed to by voice vote.

Motion to reconsider laid on the table Agreed to without objection.

The chair appointed conferees - from the Committee on Banking, Finance and Urban Affairs for consideration of secs. 1, 219(5), 223, 314, and 315 and title I of the House bill, and secs. 1, 222(4), 223, that portion of sec. 301 adding new secs. 3(b) and (5)(s) and (t) to the Home Owners' Loan Act of 1933, and 1409, and titles I and XV of the Senate amendment, and modifications committed to conference: Gonzalez, Annunzio, Neal (NC), Oakar, Vento, Barnard, Garcia, Schumer, Lehman (CA), Morrison (CT), Carper, Kleczka, Price, Wylie, Leach (IA), Roukema, Bereuter, Roth, Saxton, Stearns, and Gillmor.

The chair appointed conferees - from the Committee on Banking, Finance and Urban Affairs for consideration of secs. 501, 505 through 508, 1203, 1204, 1207, 1208, 1211, and 1212 and titles II (except secs. 203 and 219(5)), III (except secs. 314 and 315), IV, VI, and VIII of the House bill, and secs. 501, 505, 724, 1402 through 1405, 1410, 1413, and 1414 and titles II (except sections 221(b)(2), 222(4), and 223), III (except that portion of sec. 301 adding new secs. 3(b) and 5(s) and (t) to the Home Owners' Loan Act of 1933), IV, VI, and VIII of the Senate amendment, and modifications committed to conference: Gonzalez, Annunzio, Neal (NC), LaFalce, Oakar, Schumer, Frank, Lehman (CA), Carper, Kanjorski, McMillen (MD), McDermott, Wylie, Leach (IA), Shumway, Parris, McCollum, Dreier, Hiler, and Bartlett.

The chair appointed conferees - from the Committee on Banking, Finance and Urban Affairs for consideration of title IX, X and XI of the House bill, and sec. 221(b)(2), 1408, and 1411, and titles IX, X and XIII of the Senate amendment, and modifications committed to conference: Gonzalez, Annunzio, Fauntroy, Hubbard, Barnard, Kaptur, Erdreich, Nelson, Patterson, Flake, Hoagland, Neal (MA), Wylie, Leach (IA), Shumway, Parris, McCollum, Bereuter, Ridge, and McCandless.

The chair appointed conferees - from the Committee on Banking, Finance and Urban Affairs for consideration of secs. 1201, 1202, 1205, 1206, 1210, 1213 through 1216, and titles VII and XIII of the House bill, and secs. 1401, 1406, 1407, and 1415 and titles VII (except sec. 724), XI and XII of the Senate amendment and modifications committed to conference: Gonzalez, Annunzio, Fauntroy, Hubbard, Oakar, Vento, Garcia, Frank, Morrison (CT), Torres, Kleczka, Kennedy, Mfume, Pelosi, Wylie, Leach (IA), Roukema, Dreier, Bartlett, Roth, Ridge, Saiki, and Bunning.

The chair appointed conferees - from the Committee on Banking, Finance and Urban Affairs for consideration of secs. 502 through 504 of the House bill, and secs. 502 through 504 of the Senate amendment, and modifications committed to conference: Gonzalez, Annunzio, Fauntroy, Neal (NC), Hubbard, LaFalce, Vento, Schumer, Frank, Morrison (CT), Torres, Kleczka, Wylie, Leach (IA), Hiler, McCandless, Saxton, Saiki, Baker, and Paxon.

The chair appointed conferees - from the Committee on Ways and Means for consideration of title XIV of the House bill, sec. 1412 of the Senate amendment and modifications committed to conference: Rostenkowski, Gibbons, Pickle, Rangel, Stark, Archer, Vander Jagt, and Crane.

The chair appointed conferees - from the Committee on Ways and Means for consideration of sec. 217, such portions of sec. 502 adding new subsecs. 21B (b), (c)(1) and (2), (d)(3), (f)(1)(A) and (B), (g)(2)(B), and (j) to the Federal Home Loan Bank Act, sec. 502(b) and (c), 504 and 1209 of the House bill and that portion of sec. 501 adding a new subsec. 21A(k) to the Federal Home Loan Bank Act, such portions of sec. 502 adding new subsecs. 21B(b), (c) (1) (2) (3) (5) (6) and (8), (d) (1) (2) and (3), (f)(1) and (i) to the Federal Home Loan Bank Act, sec. 504 of the Senate amendment, and modifications committed to conference: Rostenkowski, Gibbons, Pickle, Rangel, Stark, Jacobs, Ford (TN), Jenkins, Downey, Guarini, Russo, Pease, Archer, Vander Jagt, Crane, Frenzel, Schulze, Gradison, Thomas (CA), and McGrath.

The chair appointed additional conferees for consideration of the remaining portions of sec. 502 of the House bill, and the remaining portions of sec. 502 of the Senate amendment, and modifications committed to conference: Rostenkowski, Guarini, and Archer.

The chair appointed an additional conferee for consideration of secs. 1213 through 1215 of the House bill, and modifications committed to conference: Conyers.

The chair appointed an additional conferee for consideration of sec. 223 of the House bill, and that portion of sec. 223 adding a new subsec. 28(d) to the Federal Deposit Insurance Act of the Senate amendment, and modifications committed to conference: Dorgan (ND).

The chair appointed conferees from the Committee on the Judiciary for consideration of sections 212 and 219 of the House bill, and sections 212, 214, and 222 of the Senate amendment, and modifications committed to conference: Kastenmeier, Conyers, Hughes, Glickman, Staggers, Sangmeister, Fish, Hyde, Gekas, and Smith (MS).

The chair appointed conferees from the Committee on the Judiciary for consideration of Title IX of the House bill, and sections 913, and 981(c), and Title X of the Senate amendment, and modifications committed to conference: Kastenmeier, Conyers, Hughes, Frank, Schumer, Sangmeister, Fish, Hyde, Gekas, and Smith (MS).

The chair appointed conferees - from the Committee on Government Operations for consideration of section 502(c) of the House bill, and modifications committed to conference: Conyers, Collins, English, Synar, Wise, Horton, Clinger, and McCandless.

The chair appointed conferees - from the Committee on Rules for consideration of that portion of section 501 adding a new section 21A(u) to the Federal Home Loan Bank Act, and section 502(c) of the House bill, and modifications committed to conference: Moakley, Derrick, Beilenson, Frost, Bonior, Quillen, and Solomon.

Measure laid before Senate by unanimous consent.

Senate struck all after the Enacting Clause and substituted the language of S. 774 amended.

Passed/agreed to in Senate: Passed Senate in lieu of S. 774 with an amendment by Voice Vote.

Passed Senate in lieu of S. 774 with an amendment by Voice Vote.

Senate insisted on its amendments, requested a conference.

Senate appointed conferees Riegle; Cranston; Sarbanes; Garn; Heinz by unanimous consent to reconcile all provisions of H.R.1278 and of the Senate amendment to H.R.1278, except those in sections 1401 and 1402 of H.R.1278.

Senate appointed conferees Bentsen; Matsunaga; Packwood by unanimous consent are appointed as additional conferees solely for the consideration of reconciling: (1) Sections 1401 and Section 1402 of H.R.1278, and the specific disagreeing provisions of Sections 501 and 502 of the Senate amendment to H.R.1278 relating to the tax-exempt status of the Resolution Trust Corporation and the Resolution Funding Corporation, and (2) Sections 1403 and 1404 of H.R.1278.

Received in the Senate, read twice.

Considered as unfinished business.

The House resolved into Committee of the Whole House on the state of the Union for further consideration.

DEBATE - Pursuant to the provisions of H.Res. 173, the Committee of the Whole proceeded with one hour of debate on the Gonzalez amendments en bloc, as modified.