H.R. 1737—Reforming CFPB Indirect Auto Financing Guidance Act

H.R. 1737 - Reforming CFPB Indirect Auto Financing Guidance Act

Bill Text

Text of H.R. 1737PDFXML

Reforming CFPB Indirect Auto Financing Guidance Act (as reported)

H. Rept. 114-329PDF

Report from the Committee on Financial Services

Rule Information

COMMITTEE ACTION:
REPORTED BY VOICE VOTE on Monday, November 16, 2015.

FLOOR ACTION ON H. RES. 526:
Agreed to by record vote of 243-181, after agreeing to the previous question by record vote of 245-178, on Tuesday, November 17, 2015.

MANAGERS:Cole/Slaughter

1. Structured rule for H.R. 1737.

2. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.

3. Waives all points of order against consideration of the bill.

4. Provides that the bill shall be considered as read.

5. Waives all points of order against provisions in the bill.

6. Makes in order only those amendments to H.R. 1737 printed in the Rules Committee report. Each such amendment may be offered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question.

7. Waives all points of order against the amendments printed in the report.

8. Provides one motion to recommit with or without instructions.

9. Closed rule for H.R. 511.

10. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Education and the Workforce.

11. Waives all points of order against consideration of the bill.

12. Provides that the amendment in the nature of a substitute recommended by the Committee on Education and the Workforce now printed in the bill shall be considered as adopted and the bill, as amended, shall be considered as read.

13. Waives all points of order against provisions in the bill, as amended.

14. Provides one motion to recommit with or without instructions.

15. For the purposes of requesting a conference with the Senate, section 3 provides that the House has taken S. 1177, the Every Child Achieves Act of 2015, from the Speaker's table, adopts an amendment in the nature of a substitute consisting of the text of H.R. 5, as passed by the House, and adopts S. 1177, as amended.

16. Provides that the chair of the Committee on Education and the Workforce or his designee is authorized to move that the House insist on its amendment to S. 1177 and request a conference with the Senate thereon.

17. Section 4 provides that in the engrossment of H.R. 3762, the Clerk shall strike title I and redesignate the subsequent titles accordingly.

Amendments (click each header to sort table ▲▼ by that column)

#Version #Sponsor(s)PartySummaryStatus
3Version 1Gosar (AZ)RepublicanEnsures that the costs and impacts to any veteran-owned business are included in the study required by this bill for any future auto financing guidance put forth by the Consumer Financial Protection Bureau. Made In Order
1Version 1Hinojosa (TX)DemocratDirects the Director of the CFPB, in consultation with the Financial Literacy and Education Commission, to develop and implement a financial literacy program with respect to the purchase of a motor vehicle through the use of financing. Submitted
2Version 1Sewell (AL)DemocratClarifies that nothing in this bill shall be construed to apply to guidance issued by the Bureau of Consumer Financial Protection that is not primarily related to indirect auto financing.Made In Order
4Version 1Smith, Jason (MO)RepublicanRequires that CFPB, before issuing guidance on indirect auto financing, should also conduct a study on the cost and impacts such guidance to rural consumers and businesses.Made In Order

Committee Votes

Rules Committee Record Vote No. 121

Motion by Ms. Slaughter to report open rules for H.R. 511 & H.R. 1737. Defeated: 3–9

Majority Members
Vote
Minority Members
Vote
Ms. Foxx
Nay
Mr. Cole
Nay
Mr. Woodall
Nay
Mr. Burgess
Nay
Mr. Stivers
Nay
Mr. Collins
Nay
Mr. Byrne
Nay
Mr. Newhouse
Nay
Mr. Sessions, Chair
Nay
Ms. Slaughter
Yea
Mr. McGovern
No Vote
Mr. Hastings
Yea
Mr. Polis
Yea