US Congress HR3581

Link to Summary Link to Summary

Link to Full Text Link to Full Text

On February 9, 2012 in the Senate:

Received in the Senate and Read twice and referred to the Committee on the Budget.

On February 7, 2012 in the House:

Rule H. Res. 539 passed House.
Considered under the provisions of rule H. Res. 539 .
Rule provides for consideration of H.R. 3581 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. In lieu of the amendment in the nature of a substitute recommended by the Committee on the Budget now printed in the bill, it shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule an amendment in the nature of a substitute consisting of the text of Rules Committee Print 112-13.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 539 and Rule XVIII.
The Speaker designated the Honorable Candice S. Miller to act as Chairwoman of the Committee.
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3581 .
The Chair announced its understanding that amendment numbered 1 printed in House Report 112-388 would not be offered.
H.AMDT.927 Amendment offered by Mr. Dold. An amendment numbered 2 printed in House Report 112-388 to require the OMB Director to prepare all budgets submitted to the President according to both accrual-basis and cash-basis GAAP accounting standards.
DEBATE - Pursuant to the provisions of H. Res. 539 , the Committee of the Whole proceeded with 10 minutes of debate on the Dold amendment No. 2.
H.AMDT.927 By unanimous consent, the Dold amendment was withdrawn.
H.AMDT.928 Amendment offered by Mr. Tonko. Amendment sought to establish a Commission of budgeting and accounting experts to provide recommendations to Congress regarding the best measure to accurately account for the costs of Federal credit programs and also allows the Commission to delay and or supersede the provisions of the bill.
DEBATE - Pursuant to the provisions of H. Res. 539 , the Committee of the Whole proceeded with 10 minutes of debate on the Tonko amendment No. 3.
H.AMDT.928 On agreeing to the Tonko amendment Failed by recorded vote: 187 - 238 .
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3581 .
The previous question was ordered pursuant to the rule.
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
Mr. Walz moved to recommit with instructions to The Budget.
DEBATE - The House proceeded with 10 minutes of debate on the Walz motion to recommit. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add a provision which would specify that the risk component for loans for students or veterans is zero.
The previous question on the motion to recommit with instructions was ordered without objection.
On motion to recommit with instructions Failed by the Yeas and Nays: 190 - 238 .
On passage Passed by recorded vote: 245 - 180 .
Motion to reconsider laid on the table Agreed to without objection.

On February 6, 2012 in the House:

Rules Committee Resolution H. Res. 539 Reported to House. Rule provides for consideration of H.R. 3581 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. In lieu of the amendment in the nature of a substitute recommended by the Committee on the Budget now printed in the bill, it shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule an amendment in the nature of a substitute consisting of the text of Rules Committee Print 112-13.

On January 31, 2012 in the House:

Reported by the Committee on Budget. H. Rept. 112-380 , Part I.
Committee on Oversight and Government discharged.
Committee on Ways and Means discharged.
Placed on the Union Calendar, Calendar No. 261.

On January 25, 2012 in the House:

Mr. McHenry asked unanimous consent that the Committee on The Budget have until 3:00 p.m. on Jan. 30 to file a report on H.R. 3581 . Agreed to without objection.

On January 24, 2012 in the House:

Committee Consideration and Mark-up Session Held.

On December 7, 2011 in the House:

Referred to the Committee on the Budget, and in addition to the Committees on Oversight and Government Reform, and Ways and Means, 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.
Referred to House Budget
Referred to House Oversight and Government Reform
Referred to House Ways and Means

H.AMDT.927

An amendment numbered 2 printed in House Report 112-388 to require the OMB Director to prepare all budgets submitted to the President according to both accrual-basis and cash-basis GAAP accounting standards.

H.AMDT.928

Amendment sought to establish a Commission of budgeting and accounting experts to provide recommendations to Congress regarding the best measure to accurately account for the costs of Federal credit programs and also allows the Commission to delay and or supersede the provisions of the bill.