Medic3569's What Did the House of Representatives Accomplish Yesterday?

With Nothing Better To Do The House Disapproved of President Obama Exercising Authority To Suspend the Debt Ceiling 

 and Moved Forward on exempting any major swap participant or major security-based swap participant from from the prohibition against federal assistance 

H.J. Res 99 Passed  222-191

 H. R. 992 Was Passed 292-122

H. J. Res 99 

Relating to the disapproval of the President's exercise of authority to suspend the debt limit, as submitted under section 1002(b) of the Continuing Appropriations Act, 2014 on October 17, 2013. Disapproves of the President's exercise of authority to suspend the debt limit. On passage Passed by the Yeas and Nays: 222 - 191, 2 Present (Roll no. 570). See how YOUR Representative voted on H. R. 99 here

H.R. 992 (Related Bills H.RES.391, and H. R. 2374)

Their activities Floor Summary of Legislative Activities for October 30, 2013 included voting on ammending Section 716 of Dodd-Frank Wall Street Reform and Consumer Protection Act. H. Res.391 passed on Tuesday by recorded vote: 230 - 188 (Roll no. 564,) providing for consideration of the bill (H.R. 992); which passed yesterday by a recorded vote: 292 - 122 (Roll no. 569.) See how YOUR Representative voted on H. R. 992 here

H.R. 992 is to amend provisions in section 716 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to Federal assistance for swaps entities, and providing for consideration of the bill (H.R. 2374*) to amend the Securities Exchange Act of 1934 to provide protections for retail customers, and for other purposes. 

H.R. 992 would extend to any major swap participant or major security-based swap participant that is an uninsured U.S. branch or agency of a foreign bank the exemption from the prohibition against federal assistance to swaps entities which is currently limited to any major swap participant or major security-based swap participant that is an FDIC-insured bank or savings association.
  
*H.R. 2374 
(Sec. 3) Amends the Securities Exchange Act of 1934 to prohibit the SEC from promulgating a rule establishing an investment advisor standard of conduct as the standard of conduct of brokers and dealers before it has ascertained: (1) if retail customers are systematically harmed or disadvantaged owing to the operation of brokers or dealers under different standards of conduct than those that apply to investment advisors under the Investment Advisers Act of 1940, and (2) whether adoption of a uniform fiduciary standard of care for brokers or dealers and investment advisors would adversely impact retail investor access or availability to personalized investment advice and recommendations. See how YOUR Representative voted on H. R. 2374 here

H.R. 4173 (111^th): Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law on July 21, 2010 and yet very little has actually been implemented. This law is supposed to put back the regulations from 1934 which prevented financial institutions from becoming too big to fail. Since the financial industry took most of middle America's net worth with the financial collapse of 2009 these institutions have actually grown, leaving us in the precarious position of it happening again. We need people to contact their representatives and tell them we want Dodd-Frank implemented completely, and now. 

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