ONE HUNDRED FIFTH CONGRESS
RULE I
GENERAL PROVISIONS
1 . (a) The rules of the House are the rules of
the Committee and subcommittees so far as applicable, except that
a motion to recess from day to day, and a motion to dispense with
the first reading (in full) of a bill or resolution, if printed
copies are available, are nondebatable motions of high privilege
in the Committee and subcommittees. A proposed investigative or
oversight report shall be considered as read if it has been
available to the Members of the Committee for at least 24 hours
(excluding Saturdays, Sundays, or legal holidays except when the
House is in session on such day).
(b) Each subcommittee of the Committee is a part of the
Committee, and is subject to the authority and direction of the
Committee and to its rules so far as applicable.
2. The Committee shall submit to the House, not
later than January 2 of each odd-numbered year, a report on the
activities of the Committee under Rules X and XI of the Rules of
the House during the Congress ending at noon on January 3 of such
year.
3. The Committee's rules shall be published in the Congressional Record not later than 30 days after the Congress convenes in each odd-numbered year.
RULE II
POWERS AND DUTIES
1. The powers and duties of the Committee are all those such as are enumerated or contained in the Rules of the House and the rulings and precedents of the House or the Committee.
2. For the purpose of carrying out any of its
functions and duties under Rules X and XI of the Rules of the
House, the Committee, or any subcommittee thereof, is authorized
-
(a) to sit and act at such times and places within the United
States, whether the House is in session, has recessed, or has
adjourned, and to hold hearings; except as provided in Rule XI,
clause 2 of the Rules of the House;
(b) to conduct such investigations and studies as it may consider
necessary or appropriate, and (subject to the adoption of expense
resolutions as required by clause 5 of Rule XI of the Rules of
the House) to incur expenses (including travel expenses) in
connection therewith. The ranking minority Member of the full
Committee or the relevant subcommittee shall be notified in
advance at such times as any Committee funds are expended for
investigations and studies involving international travel; and
(c) to require, by subpoena or otherwise (subject to clause
3(a)), the attendance and testimony of such witnesses and the
production of such books, records, correspondence, memoranda,
papers, and documents, in whatever form, as it deems necessary.
The Chairperson of the Committee, or any Member designated by the
Chairperson, may administer oaths to any witness.
Subpoenas
3. (a) A subpoena may be authorized and issued
by the Committee or a subcommittee under clause 2(c) in the
conduct of any investigation or series of investigations or
activities, only when authorized by a majority of the Members
voting, a majority being present. The power to authorize and
issue subpoenas under clause 2(c) may be delegated to the
Chairperson of the Committee pursuant to such limitations as the
Committee may prescribe. Authorized subpoenas shall be signed by
the Chairperson of the Committee or by any Member designated by
the Committee.
(b) Compliance with any subpoena issued by the Committee under
clause 2(c) may be enforced only as authorized or directed by the
House.
Review of Continuing Programs
4. The Committee shall, in its consideration of
all bills and joint resolutions of a public character within its
jurisdiction, insure that appropriations for continuing programs
and activities of the Federal government and the District of
Columbia government will be made annually to the maximum extent
feasible and consistent with the nature, requirements, and
objectives of the programs and activities involved. For the
purposes of this paragraph, a government agency includes the
organizational units of government listed in clause 7(c) of Rule
XIII of the Rules of the House.
5. The Committee shall review, from time to time, each continuing
program within its jurisdiction for which appropriations are not
made annually in order to ascertain whether such program could be
modified so that appropriations therefore would be made annually.
Budget Act Reports
6. The Committee shall, on or before February 25 of each year,
submit to the Committee on the Budget -
(a) the Committee's views and estimates with respect to all
matters to be set forth in the concurrent resolution on the
budget for the ensuing fiscal year which are within its
jurisdiction or functions; and
(b) an estimate of the total amounts of new budget authority, and
budget outlays resulting therefrom, to be provided or authorized
in all bills and resolutions within the Committee's jurisdiction
which it intends to be effective during that fiscal year.
7. As soon as practicable after a concurrent resolution on the
budget for any fiscal year is agreed to, the Committee (after
consulting with the appropriate Committee or Committees of the
Senate) shall subdivide any allocations made to it in the joint
explanatory statement accompanying the conference report on such
resolution, and promptly report such subdivisions to the House,
in the manner provided by section 302 or section 602 (in the case
of fiscal years 1991 through 1995) of the Congressional Budget
Act of 1974.
8. Whenever the Committee is directed in a concurrent resolution
on the budget to determine and recommend changes in laws, bills,
or resolutions under the reconciliation process it shall promptly
make such determination and recommendations, and report a
reconciliation bill or resolution (or both) to the House or
submit such recommendations to the Committee on the Budget in
accordance with the Congressional Budget Act of 1974.
Oversight Report
9. Not later than February 15 of the first session of a Congress,
the Committee shall meet in open session, with a quorum present,
to adopt its oversight plans for that Congress for submission to
the Committee on House Oversight and the Committee on Government
Reform and Oversight, in accordance with the provisions of clause
2(d) of Rule X of the Rules of the House. The Chairperson shall
consult with the ranking minority Member on the formulation of
the oversight plan, and the Committee may not meet to adopt the
plan unless a copy of the plan has been provided to all Members
not less than two days in advance of the Committee meeting.
RULE III
MEETINGS
Regular Meetings
1. Regular meetings of the Committee shall be
held on the first Tuesday of each month while the Congress is in
session, and the Chairperson shall provide to each Member of the
Committee, as far in advance of the day of the regular meeting as
the circumstances make practicable, a written notice to that
effect. Notwithstanding the preceding sentence, when the
Chairperson believes that the Committee will not be considering
any bill or resolution before the full Committee and that there
is no other timely business to be transacted at a regular
meeting, then no Committee meeting shall be held on that day. In
such instances, the Chairperson shall not issue the notice of the
regular meeting to the Members and the failure to receive such
notice shall be treated by the Members as a cancellation of the
regular meeting.
Additional and Special Meetings
2. (a) The Chairperson may call and convene, as the Chairperson
considers necessary, additional meetings of the Committee for the
consideration of any bill or resolution pending before the
Committee or for the conduct of other Committee business. The
Committee shall meet for such purpose pursuant to that call of
the chair.
(b) No bill or joint resolution shall be considered by the
Committee unless (i) such measure has been made available to all
Members at least two calendar days (three calendar days when the
bill or joint resolution has not been ordered reported by the
subcommittee of jurisdiction) prior to the meeting, accompanied
by a section-by-section analysis of such measure; and (ii) the
Chairperson has notified members of the time and place of the
meeting at least two calendar days (three calendar days when the
bill or joint resolution has not been ordered reported by the
subcommittee of jurisdiction) before the commencement of the
meeting. The provisions of this paragraph may be suspended by the
Committee by a two-thirds vote or by the Chairperson, with the
concurrence of the ranking minority Member of the full Committee.
3. If at least three Members of the Committee
desire that a special meeting of the Committee be called by the
Chairperson, those Members may file in the offices of the
Committee their written request to the Chairperson for that
special meeting. Such request shall specify the measure or matter
to be considered. Immediately upon the filing of the request, the
clerk of the Committee shall notify the Chairperson of the filing
of the request. If, within three calendar days after the filing
of the request, the Chairperson does not call the requested
special meeting, to be held within seven calendar days after the
filing of the request, a majority of the Members of the Committee
may file in the offices of the Committee their written notice
that a special meeting of the Committee will be held specifying
the date and hour thereof, and the measure or matter to be
considered at that special meeting. The Committee shall meet on
that date and hour. Immediately upon the filing of the notice,
the clerk of the Committee shall notify all Members of the
Committee that such special meeting will be held and inform them
of its date and hour and the measure or matter to be considered;
and only the measure or matter specified in that notice may be
considered at that special meeting.
Open Meetings
4. (a) Each meeting for the transaction of
business, including the markup of legislation, of the Committee
or each subcommittee thereof, shall be open to the public
including to radio, television and still photography coverage,
except when the Committee or subcommittee, in open session and
with a majority present, determines by roll call vote that all or
part of the remainder of the meeting on that day shall be closed
to the public because disclosure of matters to be considered
would endanger national security, would compromise sensitive law
enforcement information, or would tend to defame, degrade or
incriminate any person, or otherwise would violate any law or
rule of the House; provided, however, that no person other than
Members of the Committee and such congressional staff and such
departmental representatives as they may authorize shall be
present at any business or markup session which has been closed
to the public.
(b) Each hearing conducted by the Committee or each subcommittee
thereof shall be open to the public including to radio,
television and still photography coverage except when the
Committee or subcommittee, in open session and with a majority
present, determines by roll call vote that all or part of the
remainder of that hearing on that day shall be closed to the
public because disclosure of testimony, evidence, or other
matters to be considered would endanger the national security or
would compromise sensitive law enforcement information or would
violate any law or rule of the House. Notwithstanding the
requirements of the preceding sentence, a majority of those
present (there being in attendance the requisite number required
under the Rules of the Committee to be present for the purpose of
taking testimony) -
(i) may vote to close the hearing
for the sole purpose of discussing whether testimony or evidence
to be received would endanger the national security or would
compromise sensitive law enforcement information or violate
clause 6(e) of Rule IV; or
(ii) may vote to close the
hearing, as provided in clause 6 of Rule IV.
No Member may be excluded from nonparticipatory
attendance at any hearing of the Committee or a subcommittee,
unless the House of Representatives shall by a majority vote
authorize the Committee or a particular subcommittee, for
purposes of a particular series of hearings on a particular
article of legislation or on a particular subject of
investigation, to close its hearings to Members by the same
procedures designated in this paragraph for closing hearings to
the public; provided, however, that the Committee or subcommittee
may by the same procedure vote to close one subsequent day of
hearing.
Broadcasting of Committee Meetings
5. Any meeting or hearing of the Committee or a subcommittee that
is open to the public shall be open to coverage by television,
radio, and still photography, subject to the requirements and
limitations of clause 3 of Rule XI of the Rules of the House. The
coverage of any meeting or hearing of the Committee or any
subcommittee thereof by television, radio, or still photography
shall be under the direct supervision of the Chairperson of the
Committee, the subcommittee Chairperson, or other Member of the
Committee presiding at such meeting. The number of television or
still cameras shall not be limited to fewer than two
representatives from each medium except for legitimate space or
safety considerations, in which case pool coverage shall be
authorized.
Additional Provisions
6. Meetings and hearings of the Committee or
subcommittee shall be called to order and presided over by the
Chairperson or, in the Chairperson's absence, by the Member
designated by the Chairperson as the Vice Chairperson of the
Committee or subcommittee, or by the ranking majority Member of
the Committee or subcommittee present.
7. No person other than a Member of Congress,
Committee staff, or a person from a Member's staff when that
Member has an amendment under consideration, may stand in or be
seated at the rostrum area of the Committee unless the
Chairperson determines otherwise.
RULE IV
HEARING PROCEDURES
1. The Chairperson, in the case of hearings to
be conducted by the Committee, and the appropriate subcommittee
Chairperson, in the case of hearings to be conducted by a
subcommittee, shall make public announcement of the date, place,
and subject matter at least one week before the commencement of
that hearing. If the Chairperson, with the concurrence of the
ranking minority Member, determines there is good cause to begin
the hearing sooner, or if the committee or subcommittee so
determines by majority vote, a quorum being present for the
transaction of business, the Chairperson shall make the
announcement at the earliest possible date. The clerk of the
Committee shall promptly notify all Members of the Committee; the
Daily Digest; Chief Clerk; Official Reporters; and the Committee
scheduling service of House Information Systems as soon as
possible after such public announcement is made.
2. (a) Each witness who is to appear before the
Committee or a subcommittee shall file with the clerk of the
Committee, at least 24 hours in advance of his or her appearance,
200 copies of the proposed testimony if the appearance is before
the Committee, or 100 copies of the proposed testimony if the
appearance is before a subcommittee; provided, however, that this
requirement may be modified or waived by the Chairperson of the
Committee or appropriate subcommittee, after consultation with
the ranking minority Member, when the Chairperson determines it
to be in the best interest of the Committee or subcommittee, and
furthermore, that this requirement shall not be mandatory if a
witness is given less than seven days notice of appearance prior
to a hearing.
(b) The Chairperson may require a witness to limit the oral
presentation to a summary of the statement.
(c) Each witness in a non-governmental capacity
shall include with the written statement of proposed testimony a
curriculum vitae and a disclosure of the amount and source (by
agency and program) of any Federal grant (or subgrant thereof) or
contract (or subcontract thereof) received during the current
fiscal year or either of the two previous fiscal years by the
witness or by an entity represented by the witness.
3. Upon announcement of a hearing, the clerk
and staff director shall cause to be prepared a concise summary
of the subject matter (including legislative reports and other
materials) under consideration which shall be made available
immediately to all Members of the Committee.
Calling and Interrogation of Witnesses
4. Whenever any hearing is conducted by the
Committee or any subcommittee upon any measure or matter, the
minority party Members on the Committee shall be entitled, upon
request to the Chairperson by a majority of those minority
Members before the completion of such hearing, to call witnesses
selected by the minority to testify with respect to that measure
or matter during at least one day of hearing thereon.
5. Except when the Committee adopts a motion
pursuant to subdivisions (B) and (C) of clause 2(j)(2) of rule XI
of the rules of the House, Committee Members may question
witnesses only when they have been recognized by the Chairperson
for that purpose, and only for a 5-minute period until all
Members present have had an opportunity to question a witness.
The 5-minute period for questioning a witness by any one Member
can be extended only with the unanimous consent of all Members
present. The questioning of witnesses in both the full and
subcommittee hearings shall be initiated by the Chairperson,
followed by the ranking minority party Member and all other
Members alternating between the majority and minority. In
recognizing Members to question witnesses in this fashion, the
Chairperson shall take into consideration the ratio of the
majority to minority Members present and shall establish the
order of recognition for questioning in such a manner as not to
disadvantage the Members of the majority.
Investigative Hearing Procedures
6. The following additional rules shall apply
to investigative hearings:
(a) The Chairperson, at any investigative hearing, shall announce
in an opening statement the subject of the investigation.
(b) A copy of the Committee rules and Rule XI, clause 2 of the
Rules of the House shall be made available to each witness.
(c) Witnesses at investigative hearings may be accompanied by
their own counsel for the purpose of advising them concerning
their constitutional rights.
(d) The Chairperson may punish breaches of order and decorum, and
of professional ethics on the part of counsel, by censure and
exclusion from the hearings; and the Committee may cite the
offender to the House for contempt.
(e) Whenever it is asserted that the evidence or testimony at an
investigative hearing may tend to defame, degrade, or incriminate
any person,
(i) such testimony or evidence
shall be presented in executive session, notwithstanding the
provisions of clause 4(b) of Rule III, if by a majority of those
present, there being in attendance the requisite number required
under the Rules of the Committee to be present for the purpose of
taking testimony, the Committee determines that such evidence or
testimony may tend to defame, degrade, or incriminate any person;
and
(ii) the Committee shall proceed
to receive such testimony in open session only if a majority of
the Members of the Committee, a majority being present, determine
that such evidence or testimony will not tend to defame, degrade,
or incriminate any person. In either case the Committee shall
afford such person an opportunity voluntarily to appear as a
witness; and receive and dispose of requests from such person to
subpoena additional witnesses.
(f) Except as provided in paragraph (e), the Chairperson shall
receive and the Committee shall dispose of requests to subpoena
additional witnesses.
(g) No evidence or testimony taken in executive session may be
released or used in public session without the consent of the
Committee.
(h) In the discretion of the Committee, witnesses may submit
brief and pertinent sworn statements in writing for inclusion in
the record. The Committee is the sole judge of the pertinency of
testimony and evidence adduced at its hearing.
(i) A witness may obtain a transcript copy of his or her
testimony given at a public session, or, if given at an executive
session, when authorized by the Committee.
RULE V
REPORTING OF BILLS AND RESOLUTIONS
1. (a) It shall be the duty of the Chairperson of the Committee to report or cause to be reported promptly to the House any measure approved by the Committee and to take or cause to be taken necessary steps to bring the matter to a vote.
(b) In any event, the report of the Committee
on a measure which has been approved by the Committee shall be
filed within seven calendar days (exclusive of days on which the
House is not in session) after the day on which there has been
filed with the clerk of the Committee a written request, signed
by a majority of the Members of the Committee, for the reporting
of that measure. Upon the filing of any such request, the clerk
of the Committee shall transmit immediately to the Chairperson of
the Committee notice of the filing of that request.
2. No measure or recommendation shall be
reported from the Committee unless the quorum requirement of
clause 1(a) of Rule VI is satisfied.
Committee Reports
3. The report of the Committee on a measure which has been
approved by the Committee shall include -
(a) a cover page, which must show that supplemental, minority and
additional views (if any), the estimate and comparison prepared
by the Director of the Congressional Budget Office, and the
recommendations of the Committee on Government Reform and
Oversight (whenever submitted), are included in the report;
(b) the amendments adopted by the Committee;
(c) a section-by-section analysis of the bill as reported,
whenever possible;
(d) an explanation of the legislation, if the Chairperson decides
one is necessary;
(e) with respect to each roll call vote on a motion to report any
measure, and on any amendment offered to the measure, the total
number of votes cast for and against, or present not voting and
the names of those Members voting for and against, or present not
voting;
(f) the oversight findings and recommendations required pursuant
to clause 2(b)(1) of Rule X of the Rules of the House separately
set out and clearly identified;
(g) the statement required by section 308(a)(1) of the
Congressional Budget Act of 1974, separately set out and clearly
identified, if the measure provides new budget authority, new
spending authority described in section 401(c)(2) of such Act,
new credit authority, or an increase or decrease in revenues or
tax expenditures, except that the estimates with respect to new
budget authority shall include, when practicable, a comparison of
the total estimated funding level for the program (or programs)
to the appropriate levels under current law;
(h) the estimate and comparison prepared by the Director of the
Congressional Budget Office under section 403 of such Act,
separately set out and clearly identified, whenever the Director
(if timely submitted prior to the filing of the report) has
submitted such estimate and comparison to the Committee;
(i) a summary of the oversight findings and recommendations made
by the Committee on Government Reform and Oversight under clause
4(c)(2) of Rule X of the Rules of the House separately set out
and clearly identified whenever such findings and recommendations
have been submitted to the Committee in a timely fashion to allow
an opportunity to consider such findings and recommendations
during the Committee's deliberations on the measure;
(j) for a bill or joint resolution of a public character reported
by the Committee, a statement citing the specific powers granted
to the Congress in the Constitution to enact the law proposed by
the bill or joint resolution;
(k) a statement in accordance with section 5(b) of the Federal
Advisory Committee Act;
(l) any supplemental, minority, or additional views, if submitted
in accordance with clause 5;
(m) the Ramseyer document required under clause 3 of Rule XIII of
the Rules of the House; and
(n) the estimate and comparison of costs incurred in carrying out
the bill or resolution, as may be required by clause 7 of Rule
XIII of the Rules of the House.
4. The report of the Committee, when filed with
the House, shall be accompanied by three copies of the bill or
resolution as introduced and one copy of the bill or resolution
as amended.
5.(a) If, at the time of approval of any
measure or matter by the Committee, any Member of the Committee
gives notice of intention to file supplemental, minority, or
additional views, that Member shall be entitled to not less than
two calendar days (excluding Saturdays, Sundays, and legal
holidays except when the House is in session on such days) in
which to file such views, in writing and signed by that Member,
with the clerk of the Committee. All such views so filed by one
or more Members of the Committee shall be included within, and
shall be part of, the report filed by the Committee with respect
to that measure or matter. When time guaranteed by this
subparagraph has expired (or if sooner, when all separate views
have been received), the Committee may arrange to file its report
with the Clerk not later than one hour after the expiration of
such time. No report shall be filed until the Chairperson has
notified, with opportunity for discussion, the ranking minority
Member of the Committee and the Chairperson of the subcommittee
from which the legislation emanated or would have emanated. The
report of the Committee upon that measure or matter shall be
printed in a single volume which -
(i) shall include all
supplemental, minority, or additional views which have been
submitted by the time of the filing of the report, and
(ii) shall bear upon its cover a
recital that any such supplemental, minority, or additional views
and any material submitted under paragraphs (h) and (i) of clause
3 are included as part of the report.
(b) This clause does not preclude -
(i) the immediate filing or
printing of a Committee report unless timely request for the
opportunity to file supplemental, minority, or additional views
has been made as provided paragraph (a); or
(ii) the filing by the Committee
of any supplemental report upon any measure or matter which may
be required for the correction of any technical error or omission
in a previous report made by the Committee upon that measure or
matter.
(c) After an adjournment of the last regular session of Congress sine die, an investigative or oversight report approved by the Committee may be filed with the Clerk at any time, provided that if a Member gives notice at the time of approval of intention to file supplemental, minority, or additional views, that Member shall be entitled to not less than seven calendar days in which to submit such views for inclusion with the report.
(d) After an adjournment of the last regular
session of a Congress sine die, the Chair of the Committee may
file at any time with the Clerk the Committee's activity report
for that Congress pursuant to clause 1(d)(1) of rule XI of the
Rules of the House without the approval of the Committee,
provided that a copy of the report has been available to each
Member of the Committee for at least seven calendar days and the
report includes any supplemental, minority, or additional views
submitted by a Member of the Committee.
Hearing Prints
6. If hearings have been held on any such
measure or matter so reported, the Committee shall make every
reasonable effort to have such hearings printed and available for
distribution to the Members of the House prior to the
consideration of such measure or matter in the House except as
otherwise provided in clause 2 (l)(6) of Rule XI of the Rules of
the House.
RULE VI
QUORUMS
1. (a) A quorum, for the purpose of reporting
any bill or resolution, of authorizing a subpoena, or of closing
a meeting or hearing pursuant to clause 2(g) of Rule XI of the
Rules of the House (except as provided in clause 2(g)(2)(A) and
(B) shall consist of a majority of the Committee actually
present.
(b) A quorum, for the purpose of taking any action other than
those specified in clause 1(a) shall consist of one-third of the
Members of the Committee.
(c) A quorum, for the purpose of taking testimony and receiving
evidence, shall consist of any two Members of the Committee.
Proxies
2. No vote by any Member of the Committee or
any of its subcommittees with respect to any measure may be cast
by proxy.
RULE VII
SUBCOMMITTEES - JURISDICTION
1. There shall be in the Committee on Banking
and Financial Services the following standing subcommittees:
Subcommittee on Housing and Community Opportunity;
Subcommittee on Financial Institutions and Consumer Credit;
Subcommittee on Domestic and International Monetary Policy;
Subcommittee on Capital Markets, Securities and Government
Sponsored Enterprises; and Subcommittee on General Oversight and
Investigations;
each of which shall have the jurisdiction and related functions
assigned to it by this rule. Subcommittee jurisdictions are as
follows:
Subcommittee on Housing and Community Opportunity
(a) The jurisdiction of the Subcommittee on Housing and Community
Opportunity extends to and includes:
(i) all matters relating to
housing (except programs administered by the Department of
Veterans Affairs), including mortgage and loan insurance pursuant
to the National Housing Act; rural housing; housing and homeless
assistance programs; all activities of the Government National
Mortgage Association; private mortgage insurance; housing
construction and design and safety standards; housing-related
energy conservation; housing research and demonstration programs;
financial and technical assistance for nonprofit housing
sponsors; housing counseling and technical assistance; regulation
of the housing industry (including landlord/tenant relations);
real estate lending including regulation of settlement
procedures;
(ii) matters relating to community
development and community and neighborhood planning, training and
research; national urban growth policies; urban/rural research
and technologies; and regulation of interstate land sales;
(iii) all matters relating to all
government sponsored insurance programs, including those offering
protection against crime, fire, flood (related land use
controls), earthquake and other natural hazards; and
(iv) the qualifications for and
designation of Empowerment Zones and Enterprise Communities
(other than matters relating to tax benefits).
Subcommittee on Financial Institutions and Consumer Credit
(b) The jurisdiction of the Subcommittee on Financial
Institutions and Consumer Credit extends to and includes:
(i) all agencies which directly or
indirectly exercise supervisory or regulatory authority in
connection with, or provide deposit insurance for, financial
institutions, and the establishment of interest rate ceilings on
deposits;
(ii) all auxiliary matters
affecting or arising in connection with the supervisory and
regulatory activities of the Office of the Comptroller of the
Currency, the Federal Deposit Insurance Corporation, the Board of
Governors of the Federal Reserve System and the Federal Reserve
System, the Office of Thrift Supervision, and the National Credit
Union Administration, together with those activities and
operations of any other agency or department which relate to both
domestic or foreign financial institutions;
(iii) With respect to financial
institutions and the department and agencies which regulate or
supervise them, all activities relating to and arising in
connection with the matters of chartering, branching, mergers,
acquisitions, consolidations, and conversions;
(iv) with respect to financial
institutions and the agencies which regulate them, all activities
relating to and arising in connection with the sale or
underwriting of insurance and other noninsured instruments by
financial institutions and their affiliates other than
securities;
(v) all matters relating to
consumer credit, including the provision of consumer credit by
insurance companies, and further including those matters in the
Consumer Credit Protection Act dealing with truth in lending,
extortionate credit transactions, restrictions on garnishments,
fair credit reporting and the use of credit information by credit
bureaus and credit providers, equal credit opportunity, debt
collection practices, and electronic funds transfers;
(vi) creditor remedies and debtor
defenses, Federal aspects of the Uniform Consumer Credit Code,
credit and debit cards and the preemption of State usury laws;
(vii) all matters relating to
consumer access to financial services, including the Home
Mortgage Disclosure Act and the Community Reinvestment Act;
(viii) the terms and rules of
disclosure of financial services, including the advertisement,
promotion and pricing of financial services, and availability of
government check cashing services;
(ix) issues relating to consumer
access to savings accounts and checking accounts in financial
institutions, including lifeline banking and other consumer
accounts; and
(x) all matters relating to the
business of insurance, other than government sponsored insurance
programs.
Subcommittee on Domestic and International Monetary Policy
(c) The jurisdiction of the Subcommittee on Domestic and
International Monetary Policy extends to and includes:
(i) all matters relating to all
multilateral development lending institutions, including
activities of the National Advisory Council on International
Monetary and Financial Policies as related thereto, and monetary
and financial developments as they relate to the activities and
objectives of such institutions;
(ii) all matters within the
jurisdiction of the Committee relating to international trade,
including but not limited to the activities of the Export-Import
Bank;
(iii) the International Monetary
Fund, its permanent and temporary agencies, and all matters
related thereto;
(iv) international investment
policies, both as they relate to United States investments for
trade purposes by citizens of the United States and investments
made by all foreign entities in the United States;
(v) all matters relating to
financial aid to all sectors and elements within the economy, all
matters relating to economic growth and stabilization, and all
defense production matters as contained in the Defense Production
Act of 1950, as amended, and all related matters thereto;
(vi) all matters relating to
domestic monetary policy and agencies which directly or
indirectly affect domestic monetary policy, including the effect
of such policy and other financial actions on interest rates, the
allocation of credit, and the structure and functioning of
domestic and foreign financial institutions;
(vii) all matters relating to
coins, coinage, currency and medals, including commemorative
coins and medals, proof and mint sets and other special coins,
the Coinage Act of 1965, gold and silver, including coinage
thereof (but not the par value of gold), gold medals,
counterfeiting, currency denominations and design, the
distribution of coins, and the operations and activities of the
Bureau of the Mint and the Bureau of Engraving and Printing;
provided, however, that the Subcommittee shall not schedule a
hearing on any commemorative medal or commemorative coin
legislation unless the legislation is cosponsored by at least
two-thirds of the Members of the House and has been recommended
by the U.S. Mint's Citizens Commemorative Coin Advisory Committee
in the case of a commemorative coin. The Subcommittee shall not
report a bill or measure authorizing commemorative coins which
does not conform with the mintage restrictions under 31 USC 5112.
In considering legislation authorizing Congressional gold medals,
the subcommittee shall apply the following standards:
(A)
the recipient shall be a natural person;
(B)
the recipient shall have performed an achievement that has an
impact on American history and culture that is likely to be
recognized as a major achievement in the recipient's field long
after the achievement;
(C)
the recipient shall not have received a medal previously for the
same or substantially the same achievement;
(D)
the recipient shall be living or, if deceased, shall have been
deceased for not less than five years and not more than 25 years;
and
(E)
the achievements were performed in the recipient's field of
endeavor, and represent either a lifetime of continuous superior
achievements or a single achievement so significant that the
recipient is recognized and acclaimed by others in the same
field, as evidenced by the recipient having received the highest
honors in the field.
Subcommittee on Capital Markets, Securities and Government
Sponsored Enterprises
(d) The jurisdiction of the Subcommittee on Capital Markets,
Securities and Government Sponsored Enterprises extends to and
includes:
(i) all matters relating to
depository institution securities activities, including the
activities of any affiliates, except for functional regulation
under applicable securities laws not involving safety and
soundness;
(ii) all matters related to bank
capital markets activities;
(iii) all matters related to the
activities of financial institutions in financial markets
involving futures, forwards, options and other types of
derivative instruments;
(iv) all matters relating to
secondary market organizations for home mortgages including the
Federal National Mortgage Association and the Federal Home Loan
Mortgage Corporation, and the Federal Agricultural Mortgage
Corporation;
(v) all matters related to the
Office of Federal Housing Enterprise Oversight; and
(vi) all matters related to the
Federal Housing Finance Board and the supervision and operation
of the Federal Home Loan Banks.
Subcommittee on General Oversight and Investigations
(e) The Subcommittee on General Oversight and Investigations
shall have the responsibility of reviewing and studying, on a
continuing basis:
(i) the application,
administration, execution, and effectiveness of the laws within
the jurisdiction of the Committee, and the organization and
operation of the Federal agencies and entities which have
responsibility for the administration and execution thereof, in
order to determine whether such laws and the programs thereunder
are being implemented and carried out in accordance with the
intent of the Congress and whether such programs should be
continued, curtailed, or eliminated;
(ii) any conditions or
circumstances which may indicate the necessity or desirability of
enacting new or additional legislation within the jurisdiction of
the Committee (whether or not any bill or resolution has been
introduced with respect thereto), and present any such
recommendations as deemed necessary to the appropriate
subcommittee(s) of the Committee;
(iii) forecasting and future
oriented research on matters within the jurisdiction of the
Committee, and shall study all reports, documents and data
pertinent to the jurisdiction of the Committee and make the
necessary recommendations or reports thereon to the appropriate
subcommittee(s) of the Committee; and
(iv) the impact or probable impact
of tax policies affecting subjects within the jurisdiction of the
Committee; provided, however, that the operations of the
Subcommittee on General Oversight and Investigations shall in no
way limit the responsibility of the other subcommittees of the
Committee on Banking and Financial Services from carrying out
their oversight duties.
Subcommittees - Referral Of Legislation
2. Each bill, resolution, investigation, or other matter which
relates to a subject listed under the jurisdiction of any
subcommittee named in this rule referred to or initiated by the
full Committee shall on a bimonthly basis be referred by the
Chairperson to the subcommittees of appropriate jurisdiction or
retained at the full Committee for its consideration unless, by
majority vote of the Majority Members of the full Committee, the
referral or consideration is to be otherwise. Referral under this
clause shall not be effective until each subcommittee Chairperson
is notified of the Chairperson's referral decision. A bill,
resolution, or other matter referred to a subcommittee in
accordance with this clause may be recalled therefrom at any time
for the Committee's direct consideration or for reference to
another subcommittee by a majority vote of the Majority Members
of the full Committee, or by the Chairperson (unless provided
otherwise by a majority vote of the Majority Members of the full
Committee).
3. In carrying out this rule with respect to any matter, the
Chairperson shall designate a subcommittee of primary
jurisdiction; but also may refer the matter to one or more
additional subcommittees, for consideration in sequence (subject
to appropriate time limitations), either on its initial referral
or after the matter has been reported by the subcommittee of
primary jurisdiction; or may refer portions of the matter to one
or more additional subcommittees (reflecting different subjects
and jurisdictions) for the consideration only of designated
portions; or may refer the matter to a special ad hoc
subcommittee appointed by the Chairperson with the approval of
the Committee (with members from the subcommittees having
jurisdiction) for the specific purpose of considering that matter
and reporting to the Committee thereon; or may make such other
provisions as may be considered appropriate.
RULE VIII
SUBCOMMITTEES - POWERS AND DUTIES
1. Each subcommittee is authorized to meet,
hold hearings, receive evidence, and report to the full Committee
on all matters referred to it or under its jurisdiction.
Subcommittee Chairpersons shall set dates for hearings and
meetings of their respective subcommittees after consultation
with the Chairperson and other subcommittee Chairpersons and with
a view toward avoiding simultaneous scheduling of full Committee
and subcommittee meetings or hearings whenever possible.
2. Whenever a subcommittee has ordered a bill, resolution, or
other matter to be reported to the Committee, the Chairperson of
the subcommittee reporting the bill, resolution, or matter to the
full Committee, or any Member authorized by the subcommittee to
do so, may report such bill, resolution, or matter to the
Committee. It shall be the duty of the Chairperson of the
subcommittee to report or cause to be reported promptly such
bill, resolution, or matter, and to take steps or cause to be
taken the necessary steps to bring such bill, resolution, or
matter to a vote.
3. No bill or joint resolution approved by a subcommittee shall
be considered by the Committee unless such measure, as approved,
has been made available to all Members at least two calendar days
prior to the meeting, accompanied by a section-by-section
analysis of such measure. The provisions of this paragraph may be
suspended by the Committee by a two-thirds vote or by the
Chairperson, with the concurrence of the ranking minority Member
of the full Committee.
4. All Committee or subcommittee reports printed pursuant to a
legislative study or investigation and not approved by a majority
vote of the Committee or subcommittee, as appropriate, shall
contain the following disclaimer on the cover of such report:
'This report has not been officially adopted by the Committee on
Banking and Financial Services (or pertinent subcommittee
thereof) and may not therefore necessarily reflect the views of
its Members.'
5. Bills, resolutions, or other matters favorably reported by a
subcommittee shall automatically be placed on the agenda of the
Committee as of the time they are reported and shall be
considered by the full Committee in the order in which they were
reported unless the Chairperson after consultation with the
ranking minority Member and appropriate subcommittee Chairperson,
otherwise directs; provided, however, that no bill reported by a
subcommittee shall be considered by the full Committee unless
each Member has been provided with reasonable time prior to the
meeting to analyze such bill, together with a comparison with
present law and a section-by-section analysis of the proposed
change.
6. No bill or joint resolution may be considered by a
subcommittee unless such measure has been made available to all
Members at least two calendar days prior to the meeting,
accompanied by a section-by-section analysis of such measure. The
provisions of this paragraph may be waived following consultation
with the appropriate ranking minority Member.
7. The Chairperson and ranking minority Member of the Committee
shall be ex officio, non-voting members of each
subcommittee of the Committee.
RULE IX
SUBCOMMITTEES - SIZE AND RATIOS
1. To the extent that the number of
subcommittees and their party ratios permit, the size of all
subcommittees shall be established so that the majority party
Members of the Committee have an equal number of subcommittee
assignments; provided, however, that a majority Member may waive
his or her right to an equal number of subcommittee assignments
on the Committee.
2. The following shall be the sizes and ratios for subcommittees:
(a) Subcommittee on Housing and Community Opportunity:
Total 26 - Majority 14, Minority
12.
(b) Subcommittee on Financial Institutions and Consumer Credit:
Total 28 - Majority 15, Minority
13.
(c) Subcommittee on Domestic and International Monetary Policy:
Total 26 - Majority 14, Minority
12.
(d) Subcommittee on Capital Markets, Securities and Government
Sponsored Enterprises:
Total 28 - Majority 15, Minority
13.
(e) Subcommittee on General Oversight and Investigations:
Total 10 - Majority 6, Minority 4.
RULE X
BUDGET AND STAFF
1. The Chairperson, in consultation with other
Members of the Committee, shall prepare for each Congress a
budget providing amounts for staff, necessary travel,
investigations and other expenses of the Committee and its
subcommittees and shall present same to the Committee.
2. (a) Except as provided in paragraph (b), the professional and
investigative staff of the Committee shall be appointed, and may
be removed, by the Chairperson and shall work under the general
supervision and direction of the Chairperson.
(b) All professional and investigative staff provided to the
minority party Members of the Committee shall be appointed, and
may be removed, by the ranking minority Member of the Committee
and shall work under the general supervision and direction of
such Member.
3. (a) From funds made available for the appointment of staff,
the Chairperson of the Committee shall, pursuant to clause 5(d)
of Rule XI of the Rules of the House ensure that sufficient staff
is made available to each subcommittee to carry out its
responsibilities under the rules of the Committee, and, after
consultation with the ranking minority Member of the Committee,
that the minority party of the Committee is treated fairly in the
appointment of such staff.
(b) Except as provided in paragraph (c), the Chairperson shall
fix the compensation of all professional and investigative staff
of the Committee.
(c) The ranking minority Member shall fix the compensation of all
professional and investigative staff provided to the minority
party Members of the Committee.
4. From the amount provided to the Committee in the primary
expense resolution adopted by the House of Representatives, the
Chairperson, after consultation with the ranking minority Member,
shall designate an amount to be under the direction of the
ranking minority Member for the compensation of the minority
staff, travel expenses of minority Members and staff, and
minority office expenses. All expenses of minority Members and
staff shall be paid for out of the amount so set aside.
5. It is intended that the skills and experience of all members
of the Committee staff be available to all Members of the
Committee.
RULE XI
TRAVEL
1. All travel for any Member and any staff
member of the Committee in connection with activities or subject
matters under the general jurisdiction of the Committee must be
authorized by the Chairperson. Before such authorization is
granted, there shall be submitted to the Chairperson in writing
the following:
(a) the purpose of the travel;
(b) the dates during which the travel is to occur;
(c) the names of the States or countries to be visited and the
length of time to be spent in each; and
(d) the names of Members and staff of the Committee for whom the
authorization is sought.
2. In the case of travel outside the United States of Members and
staff of the Committee, such Members or staff shall submit a
written report to the Chairperson on any such travel including a
description of their itinerary, expenses, activities, and
pertinent information gained as a result of such travel.
3. Members and staff of the Committee performing authorized
travel on official business shall be governed by applicable laws,
resolutions, and regulations of the House and of the Committee on
House Oversight.
RULE XII
RECORDS
1. There shall be kept in writing a record of
the proceedings of the Committee and of each subcommittee,
including a record of the votes on any question on which a roll
call is demanded. The result of each such roll call vote shall be
made available by the Committee for inspection by the public at
reasonable times in the offices of the Committee. Information so
available for public inspection shall include a description of
the amendment, motion, order or other proposition and the name of
each Member voting for and each Member voting against such
amendment, motion, order, or proposition, and the names of those
Members absent or present but not voting. A record vote may be
demanded by any one Member of the Committee or subcommittee.
2. Access by any Member, officer or employee of the Committee to
any information classified under established national security
procedures shall be conducted in accordance with clause 13 of
Rule XLIII of the Rules of the House.
3. The transcript of any meeting or hearing shall be a
substantially verbatim account of remarks actually made during
the proceedings, subject only to technical, grammatical, and
typographical corrections authorized by the person making the
remarks involved.
4. All Committee hearings, records, data, charts, and files shall
be kept separate and distinct from the congressional office
records of the Member serving as Chairperson of the Committee;
and such records shall be the property of the House and all
Members of the House shall have access thereto.
5. The records of the Committee at the National Archives and
Records Administration shall be made available for public use in
accordance with Rule XXXVI of the Rules of the House. The
Chairperson shall notify the ranking minority Member of any
decision, pursuant to clause 3(b)(3) or clause 4(b) of that rule,
to withhold a record otherwise available, and the matter shall be
presented to the Committee for a determination on the written
request of any Member of the Committee.
6. To the maximum extent feasible, the
Committee shall make its publications available in electronic
form.
revised 9/9/97