Bill > HRes667

This Resolution establishes the rules for considering two important pieces of legislation in the House of Representatives: first, it allows for the consideration of a conference report, which is a final version of a bill agreed upon by both the House and Senate, for H.B. 1, a bill related to budget reconciliation for fiscal year 2018, meaning it aims to bring spending and revenue in line with budget goals; and second, it allows for the consideration of H.B. 3312, a bill that would modify the Dodd-Frank Wall Street Reform and Consumer Protection Act, a law enacted after the 2008 financial crisis to regulate financial institutions, by clarifying when large financial companies, known as bank holding companies, can be subjected to stricter oversight. For both of these legislative items, the Resolution waives certain procedural rules, known as "points of order," which can be used to block or delay consideration, and sets specific time limits for debate and allows for only one motion to recommit, a procedural step that allows a bill to be sent back to a committee for further changes. Additionally, it waives a rule requiring a two-thirds vote for the House Rules Committee to consider a report on the same day it's presented, and allows the Speaker to bring up other matters for consideration by suspending the normal rules of procedure.