Bill > HRes811

This Resolution sets forth the rules for considering a bill, H.R. 4790, which aims to modify the Volcker Rule, a regulation designed to limit proprietary trading by banks. Specifically, the bill would grant the Board of Governors of the Federal Reserve System, often referred to as the "Fed," exclusive authority to create rules for the Volcker Rule and would exempt community banks, which are smaller financial institutions, from its requirements. The Resolution also waives all objections that could prevent the bill from being considered and makes a specific amendment the standard version of the bill, meaning the bill as amended will be considered read and any objections to its provisions are waived. Furthermore, it establishes a strict process for debating and voting on the bill, allowing for one hour of debate and one motion to recommit, which is a procedural move to send a bill back to a committee. Additionally, the Resolution allows for the consideration of motions to suspend the rules, a process used for expedited legislative action, specifically for a joint resolution proposing a balanced budget amendment to the Constitution, with an extended debate period for that specific motion.