H. Res. 1525 Emergency Economic Stabilization Act of 2008 Providing for consideration of the Senate amendments to the bill (H.R. 1424) to amend section 712 of the Employee Retirement Income Security Act of 1974, section 2705 of the Public Health Service Act, section 9812 of the Internal Revenue Code of 1986 to require equity in the provision of mental health and substance-related disorder benefits under group health plans, to prohibit discrimination on the basis of genetic information with respect to health insurance and employment, and for other purposes.
Background
	Majority Meeting Notice Statement of Administration Policy
Bill Text
	Senate Amendment to HR 1424
Amendments
	Note: The list of amendments and their disposition are not the official record of the Committee on Rules. For the official list, see the Committee on Rules Majority's Web Site.
# Sponsors Summary Status Notes 1 Orig Sherman (CA) Would require a financial institution selling assets to the Treasury under the Act to provide documentary evidence prior to sale proving that the assets being sold were owned by an entity headquartered in the United States as of Sept. 20, 2008. Rejected   2 Orig LaTourette (OH) Would strike subsequent outlays of funds, subject only to Congressional disapproval, to instead require that Congress to approve additional outlay requests, would decrease the subsequent outlay purchase authority from $350 billion to $250 billion, and would only distribute remaining funds if Congress acts within 15 calendar days following submission of the  Presidential required by November 17, 2008. Rejected   3 Orig Rev 1 LaTourette (OH) The amendment 1) strikes subsequent outlays of funds, subject only to congressional disapproval, to instead require that Congress to approve additional outlay requests, 2) decreases the subsequent outlay purchase authority from $350,000,000,000 to $250,000,000,000, and 3) strikes the following sections:  Film and Television Productions (Up to $15,000,000.00; Sec. 502); Wooden Arrows designed for use by children (Sec. 503); Virgin Island and Puerto Rican Rum (Sec. 308); and Auto Racing Tracks (Sec. 317).  The Administration would receive remaining funds only if Congress acts within 15 calendar days following submission of Presidential report required by November 17, 2008. Rejected Defeated 4y-8n 4 Orig McDermott (WA) Would add the engrossed text of H.R. 7110 as passed by the House of Representatives and would add language to increase funding for the Social Services Block Grant by $5 billion, in order to provide temporary assistance to low- and modest-income families for the purchase of gasoline. Withdrawn   5 Orig Jackson-Lee (TX) Would appropriate $10 billion to address the question of American homeowners facing foreclosure and would add a sense of Congress that amounts made available should be used to alleviate the financial situation of qualified American homeowners in mortgage foreclosure. Rejected   6 Orig Jackson-Lee (TX) Would add a sense of Congress that Congress should review and amend the Bankruptcy Code to permit bankruptcy judges to address the question of individual home mortage. Rejected   7 Orig Jackson-Lee (TX) Would require, instead of encourage, servicers of the underlying mortgages to take advantage of the HOPE for Homeowners Program. Rejected   8 Orig Jackson-Lee (TX) Would add language stating that a court should exercise rigorous judicial review of TARP and should be afforded the discretion to grant injunctive or equitable relief if it determines the grant of such relief would not destabilize financial markets. Rejected   9 Orig Jackson-Lee (TX) Would lift the present insurance cap of $100,000 that the FDIC has established to insure funds stored in FDIC-backed banking institutions to $250,000 permanently. Rejected   10 Orig Jackson-Lee (TX) Would create a new, independent commission to exercise oversight over what happened and the commission should regularly provide reports to Congress. Rejected   11 OrigOrig Jackson-Lee (TX) Would imbue the FDIC with Civil and Criminal Enforcement powers. Rejected   12 Orig Jackson-Lee (TX) Would bar executives who may be convicted of criminal malfeasance in the financial sector from conducting financial business with the government for a period of seven years. Rejected   13 Orig DeFazio (OR) Would authorize the FDIC Net Worth Certificate Program, creates a trigger mechanism for the Troubled Assets Relief Program (Sec. 101), and creates a securities transfer tax to pay for the costs of the Troubled Assets Relief Program triggered to equal actual losses and paid back over a ten year window. Rejected   14 Orig Issa (CA) Would allow purchase authority for the Treasury buying troubled assets which should include a provision that ensures American financial institutions are taken care of before U.S. taxpayers' dollars are used to help foreign financial institutions. Rejected Defeated 4y-8n
Rule
Rule Number:
	H.Res. 1525
Rule Type:
	Providing for the Consideration of Senate Amendments
Rule Summary:
	1.  Provides for the consideration of the Senate amendments to H.R. 1424: the Emergency Economic Stabilization Act of 2008; the Energy Improvement and Extension Act of 2008; and the Tax Extenders and Alternative Minimun Tax Relief Act of 2008. 2.  Makes in order a motion by the chairman of the Committee on Financial Services to concur in the Senate amendments. 3.  Waives all points of order against consideration of the motion. 4.  Provides that the Senate amendments and the motion shall be considered as read. 5.  Provides 90 minutes of debate on the motion with 60 minutes equally divide and controlled by the chairman and ranking minority member of the Committee on Financial Services and 30 minutes equally divided and controlled by the chairman and ranking minority member of the Committee on Ways and Means. 6.  Provides that, notwithstanding the operation of the previous question, the Chair may postpone further consideration of the motion to a time designated by the Speaker.
Rule Text:
	H.Res. 1525

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