Bill > HRes189

This Resolution sets forth the rules for considering three legislative items in the House of Representatives: H.R. 650, which aims to update the Truth in Lending Act by clarifying who is considered a mortgage originator and what constitutes a high-cost mortgage; H.R. 685, another bill to amend the Truth in Lending Act to improve how "points and fees" are defined in mortgage transactions; and S. Con. Res. 11, a concurrent resolution that establishes the U.S. Government's budget for fiscal year 2016 and outlines budgetary levels for subsequent years. For both H.R. 650 and H.R. 685, the resolution waives all procedural objections that could prevent their consideration or passage, allows for one hour of debate equally split between the committee chair and ranking minority member, and permits one motion to recommit, after which the bills will be considered for final passage. For S. Con. Res. 11, the House will take the resolution from the Speaker's table, adopt an amendment in the nature of a substitute, and then adopt the amended concurrent resolution.