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Financial Netting Improvements Act of 2006

Public Law 109-390 · H.R. 5585 · 109th Congress · began in the House

Signed by George W. Bush (R) on Dec 12, 2006 · Finance and Financial Sector

Sponsor: Rep. Patrick McHenry (R-NC-10)

Passage votesYeaNay

  • HouseRecorded vote: 395 yea, 0 nay395–0
  • SenateUnanimous consent
Data notes

The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.

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Summary

The Congressional Research Service’s plain-language summary of what the law does.

Financial Netting Improvements Act of 2006 - (Sec. 2) Amends the Federal Deposit Insurance Act (FDIA) and the Federal Credit Union Act to revise treatment of certain agreements entered into before appointment of depository institution conservators or receivers, including securities contracts, forward contracts, and swap agreements.

(Sec. 3) Defines "person" to include any governmental entity.

(Sec. 4) Amends the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) to revise certain requirements pertinent to bilateral netting to declare that the covered contractual payment obligations and the covered contractual payment entitlements between any two financial institutions shall be terminated, liquidated, accelerated, and netted in accordance with, and subject to the conditions of, the terms of any applicable netting contract.

Declares, with respect to clearing organization netting, that the covered contractual payment obligations and the covered contractual payment entitlements of a member of a clearing organization to and from all other organization members shall be terminated, liquidated, accelerated, and netted in accordance with and subject to the conditions of any applicable netting contract.

(Sec. 5) Makes conforming amendments to the FDICIA, federal bankruptcy law, and the Securities Investor Protection Act of 1970.

Amends the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 to state that the meanings of terms used in the Act are applicable for its purposes only, and shall not be construed or applied so as to challenge or affect the characterization, definition, or treatment of any similar terms under any other statute, regulation, or rule, including the Gramm-Leach-Bliley Act, the Legal Certainty for Bank Products Act of 2000, the securities laws, and the Commodity Exchange Act.

(Sec. 6) Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to repeal the non-enforceability of a walkaway clause (thus making it enforceable) in a qualified financial contract of an insured depository institution in default.

States that any payment or delivery obligation otherwise due from a party pursuant to a qualified financial contract is suspended from the time a receiver is appointed until the earlier of: (1) the time a party receives notice that the contract has been transferred; or (2) 5 p.m. (eastern time) on the business day after the receiver's appointment.

Who voted for it

Every House member of the 109th Congress on the ideology compass. Highlighted: the 395 who voted yea on final passage. Faded: everyone else, including those who voted nay, did not vote, or had not yet taken office.

395 yea0 nay37 present or did not vote

Dimension 2
Economic left–right
More liberalMore conservative

Democrats who voted yea(186)

  • Rep. Jim McDermottD-WA-7
  • Rep. Pete StarkD-CA-13
  • Rep. Dennis KucinichD-OH-10
  • Rep. Barbara LeeD-CA-9
  • Rep. Jan SchakowskyD-IL-9
  • Rep. Lynn WoolseyD-CA-6
  • Rep. Donald PayneD-NJ-10
  • Rep. John ConyersD-MI-14
  • Rep. Maxine WatersD-CA-35
  • Rep. Cynthia McKinneyD-GA-4
  • Rep. Maurice HincheyD-NY-22
  • Rep. Raúl GrijalvaD-AZ-7
  • Rep. John LewisD-GA-5
  • Rep. John OlverD-MA-1
  • Rep. Alcee HastingsD-FL-23
  • Rep. Tammy BaldwinD-WI-2
  • Rep. Bob FilnerD-CA-51
  • Rep. Major OwensD-NY-11
  • Rep. George MillerD-CA-7
  • Rep. Michael CapuanoD-MA-8
  • Rep. James OberstarD-MN-8
  • Rep. Diane WatsonD-CA-33
  • Rep. Jerrold NadlerD-NY-8
  • Rep. José SerranoD-NY-16
  • Rep. Mel WattD-NC-12
  • Rep. Jim McGovernD-MA-3
  • Rep. Mike HondaD-CA-15
  • Rep. Nydia VelázquezD-NY-12
  • Rep. Jesse JacksonD-IL-2
  • Rep. Earl BlumenauerD-OR-3
  • Rep. Barney FrankD-MA-4
  • Rep. Stephanie JonesD-OH-11
  • Rep. Bobby ScottD-VA-3
  • Rep. Wm. ClayD-MO-1
  • Rep. Hilda SolisD-CA-32
  • Rep. Sam FarrD-CA-17
  • Rep. Eddie JohnsonD-TX-30
  • Rep. John TierneyD-MA-6
  • Rep. Sheila Jackson LeeD-TX-18
  • Rep. Bill DelahuntD-MA-10
  • Rep. Danny DavisD-IL-7
  • Rep. Charlie RangelD-NY-15
  • Rep. Ed PastorD-AZ-4
  • Rep. Julia CarsonD-IN-7
  • Rep. Linda SánchezD-CA-39
  • Rep. Ed TownsD-NY-10
  • Rep. Gwen MooreD-WI-4
  • Rep. Luis GutiérrezD-IL-4
  • Rep. Rush HoltD-NJ-12
  • Rep. Henry WaxmanD-CA-30
  • Rep. Dave ObeyD-WI-7
  • Rep. Xavier BecerraD-CA-31
  • Rep. Bobby RushD-IL-1
  • Rep. Gary AckermanD-NY-5
  • Rep. Bennie ThompsonD-MS-2
  • Rep. Marty MeehanD-MA-5
  • Rep. Peter DeFazioD-OR-4
  • Rep. John DingellD-MI-15
  • Rep. Lois CappsD-CA-23
  • Rep. Bernie SandersD-VT
  • Rep. John LarsonD-CT-1
  • Rep. Frank PalloneD-NJ-6
  • Rep. Neil AbercrombieD-HI-1
  • Rep. Grace NapolitanoD-CA-38
  • Rep. Chaka FattahD-PA-2
  • Rep. Lloyd DoggettD-TX-25
  • Rep. Robert BradyD-PA-1
  • Rep. David WuD-OR-1
  • Rep. Richard NealD-MA-2
  • Rep. Betty McCollumD-MN-4
  • Rep. Al GreenD-TX-9
  • Rep. Rosa DeLauroD-CT-3
  • Rep. Emanuel CleaverD-MO-5
  • Rep. Doris MatsuiD-CA-5
  • Rep. Michael McNultyD-NY-21
  • Rep. Diana DeGetteD-CO-1
  • Rep. Nita LoweyD-NY-18
  • Rep. Corrine BrownD-FL-3
  • Rep. Anthony WeinerD-NY-9
  • Rep. Carolyn MaloneyD-NY-14
  • Rep. Bart StupakD-MI-1
  • Rep. Elijah CummingsD-MD-7
  • Rep. Sherrod BrownD-OH-13
  • Rep. Debbie Wasserman SchultzD-FL-20
  • Rep. Dale KildeeD-MI-5
  • Rep. Juanita Millender-McDonaldD-CA-37
  • Rep. Lucille Roybal-AllardD-CA-34
  • Rep. Patrick KennedyD-RI-1
  • Rep. Marcy KapturD-OH-9
  • Rep. Jerry CostelloD-IL-12
  • Rep. Michael DoyleD-PA-14
  • Rep. Gregory MeeksD-NY-6
  • Rep. Joe CrowleyD-NY-7
  • Rep. Jim ClyburnD-SC-6
  • Rep. Tim RyanD-OH-17
  • Rep. Tom LantosD-CA-12
  • Rep. Brian BairdD-WA-3
  • Rep. Bill PascrellD-NJ-8
  • Rep. Peter ViscloskyD-IN-1
  • Rep. Stephen LynchD-MA-9
  • Rep. Sander LevinD-MI-12
  • Rep. Howard BermanD-CA-28
  • Rep. Steven RothmanD-NJ-9
  • Rep. Tom AllenD-ME-1
  • Rep. Anna EshooD-CA-14
  • Rep. Mike ThompsonD-CA-1
  • Rep. William JeffersonD-LA-2
  • Rep. Chris Van HollenD-MD-8
  • Rep. Mark UdallD-CO-2
  • Rep. Brad ShermanD-CA-27
  • Rep. Michael MichaudD-ME-2
  • Rep. Albio SiresD-NJ-13
  • Rep. Jay InsleeD-WA-1
  • Rep. Rahm EmanuelD-IL-5
  • Rep. G.K. ButterfieldD-NC-1
  • Rep. David PriceD-NC-4
  • Rep. Ellen TauscherD-CA-10
  • Rep. Kendrick MeekD-FL-17
  • Rep. Joe BacaD-CA-43
  • Rep. Timothy BishopD-NY-1
  • Rep. Rick LarsenD-WA-2
  • Rep. Jim LangevinD-RI-2
  • Rep. Loretta SanchezD-CA-47
  • Rep. Susan DavisD-CA-53
  • Rep. Brad MillerD-NC-13
  • Rep. Steny HoyerD-MD-5
  • Rep. Jim MoranD-VA-8
  • Rep. Rob AndrewsD-NJ-1
  • Rep. Benjamin CardinD-MD-3
  • Rep. Adam SchiffD-CA-29
  • Rep. Steve IsraelD-NY-2
  • Rep. Darlene HooleyD-OR-5
  • Rep. Gene GreenD-TX-29
  • Rep. Allyson SchwartzD-PA-13
  • Rep. Russ CarnahanD-MO-3
  • Rep. Albert WynnD-MD-4
  • Rep. Carolyn McCarthyD-NY-4
  • Rep. Shelley BerkleyD-NV-1
  • Rep. Marion BerryD-AR-1
  • Rep. Charlie GonzalezD-TX-20
  • Rep. Bob EtheridgeD-NC-2
  • Rep. Silvestre ReyesD-TX-16
  • Rep. Daniel LipinskiD-IL-3
  • Rep. Jane HarmanD-CA-36
  • Rep. Paul KanjorskiD-PA-11
  • Rep. Ron KindD-WI-3
  • Rep. Rubén HinojosaD-TX-15
  • Rep. Jim CooperD-TN-5
  • Rep. Alan MollohanD-WV-1
  • Rep. Solomon OrtizD-TX-27
  • Rep. Jim DavisD-FL-11
  • Rep. Adam SmithD-WA-9
  • Rep. Mike RossD-AR-4
  • Rep. Norm DicksD-WA-6
  • Rep. John SprattD-SC-5
  • Rep. David ScottD-GA-13
  • Rep. A. Dutch RuppersbergerD-MD-2
  • Rep. Leonard BoswellD-IA-3
  • Rep. John SalazarD-CO-3
  • Rep. Vic SnyderD-AR-2
  • Rep. Artur DavisD-AL-7
  • Rep. Dennis MooreD-KS-3
  • Rep. Earl PomeroyD-ND
  • Rep. Tim HoldenD-PA-17
  • Rep. Dennis CardozaD-CA-18
  • Rep. Stephanie Herseth SandlinD-SD
  • Rep. Jim CostaD-CA-20
  • Rep. Ike SkeltonD-MO-4
  • Rep. Sanford BishopD-GA-2
  • Rep. Rick BoucherD-VA-9
  • Rep. Gene TaylorD-MS-4
  • Rep. Chet EdwardsD-TX-17
  • Rep. Mike McIntyreD-NC-7
  • Rep. Ed CaseD-HI-2
  • Rep. Allen BoydD-FL-2
  • Rep. Melissa BeanD-IL-8
  • Rep. Henry CuellarD-TX-28
  • Rep. Bart GordonD-TN-6
  • Rep. Charles MelanconD-LA-3
  • Rep. Lincoln DavisD-TN-4
  • Rep. Collin PetersonD-MN-7
  • Rep. John BarrowD-GA-12
  • Rep. Jim MathesonD-UT-2
  • Rep. Jim MarshallD-GA-3
  • Rep. Dan BorenD-OK-2
  • Rep. Bud CramerD-AL-5

Republicans who voted yea(209)

  • Rep. Jim LeachR-IA-2
  • Rep. Christopher ShaysR-CT-4
  • Rep. Michael FitzpatrickR-PA-8
  • Rep. Jim GerlachR-PA-6
  • Rep. Heather WilsonR-NM-1
  • Rep. Chris SmithR-NJ-4
  • Rep. Sherry BoehlertR-NY-24
  • Rep. Timothy JohnsonR-IL-15
  • Rep. Todd PlattsR-PA-19
  • Rep. Curt WeldonR-PA-7
  • Rep. Frank LoBiondoR-NJ-2
  • Rep. John McHughR-NY-23
  • Rep. Walter JonesR-NC-3
  • Rep. David ReichertR-WA-8
  • Rep. Steven LaTouretteR-OH-14
  • Rep. Wayne GilchrestR-MD-1
  • Rep. Charles DentR-PA-15
  • Rep. Joe SchwarzR-MI-7
  • Rep. Sue KellyR-NY-19
  • Rep. Jo Ann EmersonR-MO-8
  • Rep. Michael CastleR-DE
  • Rep. Shelley CapitoR-WV-2
  • Rep. John SweeneyR-NY-20
  • Rep. Fred UptonR-MI-6
  • Rep. Jim SaxtonR-NJ-3
  • Rep. Jon PorterR-NV-3
  • Rep. Pete KingR-NY-3
  • Rep. Rick RenziR-AZ-1
  • Rep. Thad McCotterR-MI-11
  • Rep. Mark KirkR-IL-10
  • Rep. Ray LaHoodR-IL-18
  • Rep. Jim WalshR-NY-25
  • Rep. Tim MurphyR-PA-18
  • Rep. Chip PickeringR-MS-3
  • Rep. Mike FergusonR-NJ-7
  • Rep. Frank WolfR-VA-10
  • Rep. Ralph RegulaR-OH-16
  • Rep. Tom OsborneR-NE-3
  • Rep. Michael TurnerR-OH-3
  • Rep. Deborah PryceR-OH-15
  • Rep. Jim RamstadR-MN-3
  • Rep. Kenny HulshofR-MO-9
  • Rep. Jerry WellerR-IL-11
  • Rep. Jeff FortenberryR-NE-1
  • Rep. Greg WaldenR-OR-2
  • Rep. Tom DavisR-VA-11
  • Rep. Ileana Ros-LehtinenR-FL-18
  • Rep. Rodney FrelinghuysenR-NJ-11
  • Rep. Tom LathamR-IA-4
  • Rep. Lincoln Diaz-BalartR-FL-21
  • Rep. Mike SimpsonR-ID-2
  • Rep. Dave CampR-MI-4
  • Rep. Thomas ReynoldsR-NY-26
  • Rep. Phil EnglishR-PA-3
  • Rep. Jerry MoranR-KS-1
  • Rep. John PetersonR-PA-5
  • Rep. Richard PomboR-CA-11
  • Rep. Clay ShawR-FL-22
  • Rep. Charles BoustanyR-LA-7
  • Rep. Mike RogersR-AL-3
  • Rep. Vernon EhlersR-MI-3
  • Rep. Dave HobsonR-OH-7
  • Rep. Anne NorthupR-KY-3
  • Rep. Candice MillerR-MI-10
  • Rep. Don SherwoodR-PA-10
  • Rep. Jim NussleR-IA-1
  • Rep. Bill ThomasR-CA-22
  • Rep. Judy BiggertR-IL-13
  • Rep. Don YoungR-AK
  • Rep. Hal RogersR-KY-5
  • Rep. Jerry LewisR-CA-41
  • Rep. Ken CalvertR-CA-44
  • Rep. Denny RehbergR-MT
  • Rep. Ander CrenshawR-FL-4
  • Rep. Buck McKeonR-CA-25
  • Rep. Thelma DrakeR-VA-2
  • Rep. W. Bill YoungR-FL-10
  • Rep. Jean SchmidtR-OH-2
  • Rep. Rodney AlexanderR-LA-5
  • Rep. Roger WickerR-MS-1
  • Rep. Virgil GoodeR-VA-5
  • Rep. Lamar SmithR-TX-21
  • Rep. Michael McCaulR-TX-10
  • Rep. Randy ForbesR-VA-4
  • Rep. Devin NunesR-CA-21
  • Rep. Joe KnollenbergR-MI-9
  • Rep. Jo BonnerR-AL-1
  • Rep. Mark KennedyR-MN-6
  • Rep. Robert AderholtR-AL-4
  • Rep. Frank LucasR-OK-3
  • Rep. Mark SouderR-IN-3
  • Rep. Kay GrangerR-TX-12
  • Rep. Melissa HartR-PA-4
  • Rep. Geoff DavisR-KY-4
  • Rep. Jim McCreryR-LA-4
  • Rep. David DreierR-CA-26
  • Rep. Doc HastingsR-WA-4
  • Rep. Henry BrownR-SC-1
  • Rep. Jeb BradleyR-NH-1
  • Rep. Tom ColeR-OK-4
  • Rep. Robin HayesR-NC-8
  • Rep. Ralph HallR-TX-4
  • Rep. Adam PutnamR-FL-12
  • Rep. John BoehnerR-OH-8
  • Rep. Jim KolbeR-AZ-8
  • Rep. Charles TaylorR-NC-11
  • Rep. Ginny Brown-WaiteR-FL-5
  • Rep. Zach WampR-TN-3
  • Rep. John DoolittleR-CA-4
  • Rep. Michael OxleyR-OH-4
  • Rep. Henry BonillaR-TX-23
  • Rep. Michael BilirakisR-FL-9
  • Rep. Sam GravesR-MO-6
  • Rep. Charlie BassR-NH-2
  • Rep. Michael SodrelR-IN-9
  • Rep. Darrell IssaR-CA-49
  • Rep. Pat TiberiR-OH-12
  • Rep. Roy BluntR-MO-7
  • Rep. Mark GreenR-WI-8
  • Rep. Bob GoodlatteR-VA-6
  • Rep. Mike RogersR-MI-8
  • Rep. Spencer BachusR-AL-6
  • Rep. Michael BurgessR-TX-26
  • Rep. Mario Diaz-BalartR-FL-25
  • Rep. Cathy McMorris RodgersR-WA-5
  • Rep. Dave WeldonR-FL-15
  • Rep. John MicaR-FL-7
  • Rep. Jo Ann DavisR-VA-1
  • Rep. John CarterR-TX-31
  • Rep. Steve PearceR-NM-2
  • Rep. Richard BakerR-LA-6
  • Rep. Bill ShusterR-PA-9
  • Rep. Duncan HunterR-CA-52
  • Rep. Bill JenkinsR-TN-1
  • Rep. Lee TerryR-NE-2
  • Rep. Terry EverettR-AL-2
  • Rep. John KlineR-MN-2
  • Rep. Eric CantorR-VA-7
  • Rep. Shelley Sekula-GibbsR-TX-22
  • Rep. Katherine HarrisR-FL-13
  • Rep. Ric KellerR-FL-8
  • Rep. Todd TiahrtR-KS-4
  • Rep. John CulbersonR-TX-7
  • Rep. Steve BuyerR-IN-4
  • Rep. Pete HoekstraR-MI-2
  • Rep. George RadanovichR-CA-19
  • Rep. Michael ConawayR-TX-11
  • Rep. Donald ManzulloR-IL-16
  • Rep. Kevin BradyR-TX-8
  • Rep. Kenny MarchantR-TX-24
  • Rep. Jack KingstonR-GA-1
  • Rep. Daniel LungrenR-CA-3
  • Rep. Rob BishopR-UT-1
  • Rep. Brian BilbrayR-CA-50
  • Rep. Joe BartonR-TX-6
  • Rep. Jim RyunR-KS-2
  • Rep. Dan BurtonR-IN-5
  • Rep. Wally HergerR-CA-2
  • Rep. Joe WilsonR-SC-2
  • Rep. Phil GingreyR-GA-11
  • Rep. Bob BeauprezR-CO-7
  • Rep. John SullivanR-OK-1
  • Rep. Mac ThornberryR-TX-13
  • Rep. Gary MillerR-CA-42
  • Rep. Howard CobleR-NC-6
  • Rep. Ted PoeR-TX-2
  • Rep. Chris CannonR-UT-3
  • Rep. Ernest IstookR-OK-5
  • Rep. Steve ChabotR-OH-1
  • Rep. Tom PetriR-WI-6
  • Rep. Bob InglisR-SC-4
  • Rep. Roscoe BartlettR-MD-6
  • Rep. Gil GutknechtR-MN-1
  • Rep. J.D. HayworthR-AZ-5
  • Rep. Paul RyanR-WI-1
  • Rep. Chris ChocolaR-IN-2
  • Rep. Virginia FoxxR-NC-5
  • Rep. John LinderR-GA-7
  • Rep. John HostettlerR-IN-8
  • Rep. Todd AkinR-MO-2
  • Rep. Marilyn MusgraveR-CO-4
  • Rep. Tom PriceR-GA-6
  • Rep. John CampbellR-CA-48
  • Rep. Ed RoyceR-CA-40
  • Rep. Randy NeugebauerR-TX-19
  • Rep. Joseph PittsR-PA-16
  • Rep. Pete SessionsR-TX-32
  • Rep. Jeff MillerR-FL-1
  • Rep. Nathan DealR-GA-10
  • Rep. Sue MyrickR-NC-9
  • Rep. Cliff StearnsR-FL-6
  • Rep. Dana RohrabacherR-CA-46
  • Rep. Sam JohnsonR-TX-3
  • Rep. Marsha BlackburnR-TN-7
  • Rep. Patrick McHenryR-NC-10
  • Rep. Lynn WestmorelandR-GA-8
  • Rep. Tom FeeneyR-FL-24
  • Rep. J. Gresham BarrettR-SC-3
  • Rep. Steve KingR-IA-5
  • Rep. Jimmy DuncanR-TN-2
  • Rep. James SensenbrennerR-WI-5
  • Rep. Mike PenceR-IN-6
  • Rep. Scott GarrettR-NJ-5
  • Rep. Butch OtterR-ID-1
  • Rep. Jeb HensarlingR-TX-5
  • Rep. John ShadeggR-AZ-3
  • Rep. Trent FranksR-AZ-2
  • Rep. Ron PaulR-TX-14
  • Rep. Jeff FlakeR-AZ-6
Data notes

The House’s recorded vote on the final version of the law (roll call 1190 in Voteview), matched to the vote the record cites and checked against its totals. Positions are each member’s DW-NOMINATE score for that Congress, as on the Ideology page; left to right is more liberal to more conservative. Paired and announced yea votes count as yea. Lists follow the compass, most liberal first. A name links to a profile only for members of the current Congress. A law passed by voice vote or unanimous consent has no member list, and neither does a vote Voteview has not yet recorded.

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Committees

The committees the bill was sent to, and what each did with it.

Data notes

A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.

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Related bills

The record lists no related bills.

Data notes

Related bills are identified by the Congressional Research Service, the House and the Senate: companion and identical bills, bills with similar text, bills that were folded into this law, and rules that brought it to the floor. A bill that is itself a public law in this site’s data links here; the others link to Congress.gov.

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Timeline

From introduction to signing, newest first: the committees, the floor and the president. 27 actions.

  1. Dec 12, 2006Became lawBecame law · Became Public Law No: 109-390.
  2. Became lawBecame law · Signed by President.
  3. Dec 4, 2006FloorFloor · Presented to President.
  4. Nov 15, 2006Resolving differencesResolving differences · Motion to reconsider laid on the table Agreed to without objection.
  5. Resolving differencesResolving differences · On motion that the House suspend the rules and agree to the Senate amendments Agreed to by the Yeas and Nays: (2/3 required): 395 - 0 (Roll no. 522).House roll call 522
  6. Resolving differencesResolving differences · At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the chair announced that further proceedings on the motion would be postponed.
  7. Resolving differencesResolving differences · Mr. McHenry moved that the House suspend the rules and agree to the Senate amendments.
  8. FloorFloor · Considered as unfinished business.
  9. FloorFloor · DEBATE - The House proceeded with forty minutes of debate on the motion to suspend the rules and agree to the Senate amendments to H.R. 5585.
  10. OtherOther · Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendments Agreed to by the Yeas and Nays: (2/3 required): 395 - 0 (Roll no. 522).House roll call 522
  11. Sep 30, 2006FloorFloor · Message on Senate action sent to the House.
  12. FloorFloor · Passed Senate with amendments by Unanimous Consent.
  13. FloorFloor · Measure laid before Senate by unanimous consent.
  14. Sep 28, 2006CommitteeCommittee · Received in the Senate, read twice.
  15. Sep 27, 2006FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
  16. FloorFloor · On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
  17. FloorFloor · DEBATE - The House proceeded with forty minutes of debate on H.R. 5585.
  18. FloorFloor · Considered under suspension of the rules.
  19. FloorFloor · Mr. McHenry moved to suspend the rules and pass the bill, as amended.
  20. Sep 22, 2006CalendarCalendar · Placed on the Union Calendar, Calendar No. 403.
  21. CommitteeCommittee · Committee on Judiciary discharged.
  22. Sep 12, 2006CommitteeCommittee · House Committee on Judiciary Granted an extension for further consideration ending not later than Sept. 22, 2006.
  23. CommitteeCommittee · Reported by the Committee on Financial Services. H. Rept. 109-648, Part I.
  24. Jun 14, 2006CommitteeCommittee · Ordered to be Reported by Voice Vote.
  25. CommitteeCommittee · Committee Consideration and Mark-up Session Held.
  26. Jun 12, 2006CommitteeCommittee · Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  27. IntroducedIntroduced · Introduced in House
Data notes

Every action the Library of Congress lists for the bill, from introduction to signing, plus the dated committee hearings. The source lists many steps twice (the chamber’s own entry and the Library of Congress copy, or a presidential and a became-law entry with the same words); those are shown once. Amendments are listed in their own section.

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Amendments

1 amendment offered to the bill, with the last recorded step of each.

  • S.Amdt. 5114SenateSen. Robert BennettR-UT· offered Sep 29, 2006Agreed to

    To strike a provision relating to compensation of trustees and filing fees.

    Sep 30, 2006: Amendment SA 5114 agreed to in Senate by Unanimous Consent.

    Agreed to
Data notes

Amendments offered to this bill in either chamber, as the Library of Congress records them: each with a status read from its last recorded step: agreed to, rejected, withdrawn, ruled out of order, fell with another amendment, or offered with no vote recorded (most Senate amendments are only ever offered). The wording of each amendment is the source’s. Amendments to amendments and amendments to other bills are not listed.

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Official record

The bill’s full text is on Congress.gov. Data through Oct 7, 2026.