,,ib  ,union ,cal5d> ,no4 #hfh  #aae?   
,,congress  #b;d ,session  ,h4 ,r4 #dcjb
  ,report ,no4 #aae-ajaj1 ,"p ,i  ,,9   
,,! ,,h\se ,,( ,,repres5tatives         
,novemb] #h1 #bjag ,mr4 ,tipton         
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices1 & 9
 addition to ! ,committee on ,rules1 = a
 p]iod to be subsequ5tly det]m9$ by !   
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,novemb] #f1 #bjah  
,report$ f ! ,committee on ,f9ancial    
,s]vices  ,novemb] #f1 #bjah,ref]ral to 
! ,committee on ,rules ext5d$ = a p]iod 
end+ n lat] ?an ,decemb] #g1 #bjah      
,novemb] #bh1 #bjah,ref]ral to !        
,committee on ,rules ext5d$ = a p]iod   
end+ n lat] ?an ,decemb] #bh1 #bjah     
,decemb] #bh1 #bjah;,additional sponsor3
 ,mr4 ,b>r  ,decemb] #bh1               
#bjah;,committee on ,rules dis*>g$2     
committ$ to ! ,committee ( ! ,:ole ,h\se
 on ! ,/ate ( ! ,union & ord]$ to be    
pr9t$  ,a ,,bill  ,to am5d ! ,f$]al     

,res]ve ,act to create congressional    
acc\ntability = em]g5cy l5d+ programs1 &
 = o!r purposes4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,congressional     
,acc\ntability = ,em]g5cy ,l5d+         
,programs ,act ( #bjag4  #b4            
,congressional acc\ntability = em]g5cy  
l5d+ programs ,section #ac7c7 ( ! ,f$]al
 ,res]ve ,act 7#ab ,u4,s4,c4 #cdc7c77 is
 am5d$--  7#a7 9 subp>agraph 7,a7-- 7,a7
 by ins]t+ t pose a ?reat to ! f9ancial 
/ability ( ! ,unit$ ,/ates aft] unusual 
& exig5t circum/ances2 &  7,b7 by /rik+ 
! affirmative vote ( n less ?an five    
memb]s & ins]t+ ! prior approval ( !    
,secret>y ( ! ,treasury & n less ?an    
#b_/c ( ! memb]s ( ! ,f$]al ,op5 ,m>ket 
,committee2  7#b7 9 subp>agraph 7,b7--  
7,a7 9 clause 7i71 by ins]t+ at ! end ! 
foll[+3 ,f$]al res]ve banks may n accept
 equity securities issu$ by ! recipi5t (
 any loan or o!r f9ancial assi/ance "u  
?is p>agraph z collat]al4 ,n lat] ?an #f
 mon?s aft] ! date ( ! enactm5t ( ?is   
s5t5ce1 ! ,bo>d %all1 by rule1 e/abli%--

 7,i7 a me?od = det]m9+ ! suffici5cy ( !
 collat]al requir$ "u ?is p>agraph2     
7,,ii7 acceptable classes ( collat]al2  
7,,iii7 ! am\nt ( any disc\nt on ! value
 ( ! collat]al t ! ,f$]al res]ve banks w
 apply = purposes ( calculat+ !         
suffici5cy ( collat]al "u ?is p>agraph2 
&  7,,iv7 a me?od = obta9+ indep5d5t    
appraisals ( ! value ( collat]al !      
,f$]al res]ve banks receive4  2  7,b7 9 
clause 7ii7-- 7i7 by /rik+ ! second     
s5t5ce2 &  7ii7 by ins]t+ aft] ! fir/   
s5t5ce ! foll[+3 ,a borr[] %all n be    
eligible to borr[ f any em]g5cy l5d+    
program or facility unless ! ,bo>d & all
 ,f$]al bank+ regulators ) jurisdiction 
ov] ! borr[] c]tify t1 at ! "t ! borr[] 
initially borr[s "u ! program or        
facility1 ! borr[] is n insolv5t42 &    
7,c7 by /rik+ clause 7iv72  7#c7 by     
ins]t+ f9ancial in/itution be=e         
p>ticipant ea* place su* t]m appe>s2    
7#d7 9 subp>agraph 7,d77i71 by ins]t+   
f9ancial in/itution be=e p>ticipants2 & 
7#e7 by add+ at ! end ! foll[+ new      

subp>agraphs3  7,g7 ,jo9t resolution (  
approval  7i7 ,9 g5]al ,a program or    
facility creat$ "u subp>agraph 7,a7 %all
 t]m9ate on ! date t is #cj cal5d> days 
aft] ! date on :i* ,congress receives a 
report describ$ 9 subp>agraph 7,c7      
unless !re is enact$ into law a jo9t    
resolution approv+ ! program or facility
 n lat] ?an #cj cal5d> days aft] ! date 
on :i* ! report is receiv$4 ,any loan   
(f]$ ?r\gh ! program or facility t is   
out/&+ z ( ! date on :i* ! program or   
facility is t]m9at$ %all be repaid 9    
full n lat] ?an #cj cal5d> days aft] !  
date on :i* ! program or facility is    
t]m9at$4  7ii7 ,cont5ts ( jo9t          
resolution ,= ! purpose ( ?is           
subp>agraph1 ! t]m jo9t resolution means
 only a jo9t resolution-- 7,i7 t is     
introduc$ n lat] ?an #c cal5d> days aft]
 ! date on :i* ! report describ$ 9      
subp>agraph 7,c7 is receiv$ by          
,congress2  7,,ii7 t does n h a         
preamble2  7,,iii7 ! title ( :i* is z   
foll[s3 ,jo9t resolution relat+ to !    

approval ( a program or facility creat$ 
by ! ,bo>d ( ,gov]nors ( ! ,f$]al       
,res]ve ,sy/em2 &  7,,iv7 ! matt] aft] !
 resolv+ clause ( :i* is z foll[s3 ,t   
,congress approves ! program or facility
 creat$ by ! ,bo>d ( ,gov]nors ( !      
,f$]al ,res]ve ,sy/em on 4 7,! blank    
space be+ appropriately fill$ 974  7iii7
 ,fa/ track consid]ation 9 ,h\se (      
,repres5tatives  7,i7 ,reconv5+ ,^u     
receipt ( a report "u subp>agraph 7,c71 
! ,speak]1 if ! ,h\se w\ld o!rwise be   
adj\rn$1 %all notify ! ,memb]s ( ! ,h\se
 t1 pursuant to ?is subp>agraph1 ! ,h\se
 %all conv5e n lat] ?an ! second cal5d> 
day aft] receipt ( su* report4  7,,ii7  
,report+ & dis*>ge ,any committee ( !   
,h\se ( ,repres5tatives to :i* a jo9t   
resolution is ref]r$ %all report x to ! 
,h\se n lat] ?an #e cal5d> days aft] !  
date ( receipt ( ! report describ$ 9    
subp>agraph 7,c74 ,if a committee fails 
to report ! jo9t resolution )9 t p]iod1 
! committee %all be dis*>g$ f fur!r     
consid]ation ( ! jo9t resolution & !    

jo9t resolution %all be ref]r$ to !     
appropriate cal5d>4  7,,iii7 ,proce$+ to
 consid]ation ,aft] ea* committee       
au?oriz$ to consid] a jo9t resolution   
reports x to ! ,h\se or has be5 dis*>g$ 
f its consid]ation1 x %all be 9 ord]1 n 
lat] ?an ! six? day aft] ,congress      
receives ! report describ$ 9 subp>agraph
 7,c71 to move to proce$ to consid] !   
jo9t resolution 9 ! ,h\se4 ,all po9ts ( 
ord] aga9/ ! motion are waiv$4 ,su* a   
motion %all n be 9 ord] aft] ! ,h\se has
 dispos$ ( a motion to proce$ on ! jo9t 
resolution4 ,! previ\s "q %all be       
consid]$ z ord]$ on ! motion to its     
adoption )\t int]v5+ motion4 ,! motion  
%all n be debatable4 ,a motion to       
reconsid] ! vote by :i* ! motion is     
dispos$ ( %all n be 9 ord]4  7,,iv7     
,consid]ation ,! jo9t resolution %all be
 consid]$ z read4 ,all po9ts ( ord]     
aga9/ ! jo9t resolution & aga9/ its     
consid]ation are waiv$4 ,! previ\s "q   
%all be consid]$ z ord]$ on ! jo9t      
resolution to its passage )\t int]v5+   

motion except #b h\rs ( debate equally  
divid$ & controll$ by ! propon5t & an   
oppon5t4 ,a motion to reconsid] ! vote  
on passage ( ! jo9t resolution %all n be
 9 ord]4  7iv7 ,fa/ track consid]ation 9
 ,s5ate  7,i7 ,reconv5+ ,^u receipt ( a 
report "u subp>agraph 7,c71 if ! ,s5ate 
has adj\rn$ or recess$ = m ?an #b days1 
! majority lead] ( ! ,s5ate1 aft]       
consultation ) ! m9ority lead] ( !      
,s5ate1 %all notify ! ,memb]s ( ! ,s5ate
 t1 pursuant to ?is subp>agraph1 !      
,s5ate %all conv5e n lat] ?an ! second  
cal5d> day aft] receipt ( su* report4   
7,,ii7 ,placem5t on cal5d> ,^u          
introduction 9 ! ,s5ate1 ! jo9t         
resolution %all be plac$ imm$iately on !
 cal5d>4  7,,iii7 ,floor consid]ation   
7aa7 ,9 g5]al ,not)/&+ ,rule ,,xxii ( ! 
,/&+ ,rules ( ! ,s5ate1 x is 9 ord] at  
any "t dur+ ! p]iod beg9n+ on ! f\r? day
 aft] ! date on :i* ,congress receives a
 report describ$ 9 subp>agraph 7,c7 &   
end+ on ! six? day aft] ! date on :i*   
,congress receives ! report 7ev5 ?\gh a 

previ\s motion to ! same effect has be5 
disagre$ to7 to move to proce$ to !     
consid]ation ( ! jo9t resolution1 & all 
po9ts ( ord] aga9/ ! jo9t resolution 7& 
aga9/ consid]ation ( ! jo9t resolution7 
are waiv$4 ,! motion to proce$ is n     
debatable4 ,! motion is n subject to a  
motion to po/pone4 ,a motion to         
reconsid] ! vote by :i* ! motion is     
agre$ to or disagre$ to %all n be 9     
ord]4 ,if a motion to proce$ to !       
consid]ation ( ! resolution is agre$ to1
 ! jo9t resolution %all rema9 ! unf9i%$ 
bus9ess until dispos$ (4  7bb7 ,debate  
,debate on ! jo9t resolution1 & on all  
debatable motions & appeals 9 connection
 !re)1 %all be limit$ to n m ?an #aj    
h\rs1 :i* %all be divid$ equally betwe5 
! majority & m9ority lead]s or _!       
designees4 ,a motion fur!r to limit     
debate is 9 ord] & n debatable4 ,an     
am5dm5t to1 or a motion to po/pone1 or a
 motion to proce$ to ! consid]ation (   
o!r bus9ess1 or a motion to recommit !  
jo9t resolution is n 9 ord]4  7cc7 ,vote

 on passage ,! vote on passage %all     
occur imm$iately foll[+ ! conclusion ( !
 debate on a jo9t resolution1 & a s+le  
quorum call at ! conclusion ( ! debate  
if reque/$ 9 accordance ) ! rules ( !   
,s5ate4  7dd7 ,rul+s ( ! *air on        
proc$ure ,appeals f ! decisions ( !     
,*air relat+ to ! application ( ! rules 
( ! ,s5ate1 z ! case may be1 to !       
proc$ure relat+ to a jo9t resolution    
%all be decid$ )\t debate4  7v7         
,coord9ation ) action by o!r ,h\se  7,i7
 ,9 g5]al ,if1 be=e ! passage by "o     
,h\se ( a jo9t resolution ( t ,h\se1 t  
,h\se receives f ! o!r ,h\se a jo9t     
resolution1 !n ! foll[+ proc$ures %all  
apply3  7aa7 ,! jo9t resolution ( ! o!r 
,h\se %all n be ref]r$ to a committee4  
7bb7 ,) respect to a jo9t resolution ( !
 ,h\se receiv+ ! resolution-- 7,,aa7 !  
proc$ure 9 t ,h\se %all be ! same z if  
no jo9t resolution _h be5 receiv$ f !   
o!r ,h\se1 b 7,,bb7 ! vote on passage   
%all be on ! jo9t resolution ( ! o!r    
,h\se4  7,,ii7 ,treatm5t ( jo9t         

resolution ( o!r ,h\se ,if "o ,h\se     
fails to introduce or consid] a jo9t    
resolution "u ?is section1 ! jo9t       
resolution ( ! o!r ,h\se %all be entitl$
 to exp$it$ floor proc$ures "u ?is      
section4  7,,iii7 ,consid]ation aft]    
passage ,if1 foll[+ passage ( ! jo9t    
resolution 9 ! ,s5ate1 ! ,s5ate !n      
receives ! companion measure f ! ,h\se (
 ,repres5tatives1 ! companion measure   
%all n be debatable4  7,,iv7 ,vetoes ,if
 ! ,presid5t vetoes ! jo9t resolution1 !
 p]iod beg9n+ on ! date ! ,presid5t     
vetoes ! jo9t resolution & end+ on !    
date ! ,congress receives ! veto message
 ) respect to ! jo9t resolution %all be 
disreg>d$ 9 comput+ ! #cj-;cal5d> day   
p]iod describ$ 9 clause 7i7 & debate on 
a veto message 9 ! ,s5ate "u ?is section
 %all be #a h\r equally divid$ betwe5 ! 
majority & m9ority lead]s or _!         
designees4  7,v7 ,rules ( ,h\se (       
,repres5tatives & ,s5ate ,?is           
subp>agraph is enact$ by ,congress--    
7aa7 z an ex]cise ( ! rulemak+ p[] ( !  

,s5ate & ,h\se ( ,repres5tatives1       
respectively1 & z su* x is deem$ a "p ( 
! rules ( ea* ,h\se1 respectively1 b    
applicable only ) respect to ! proc$ure 
to be foll[$ 9 t ,h\se 9 ! case ( a jo9t
 resolution1 & x sup]s$es o!r rules only
 to ! ext5t t x is inconsi/5t ) su*     
rules2 &  7bb7 ) full recognition ( !   
con/itutional "r ( ei!r ,h\se to *ange !
 rules 7s f> z relat+ to ! proc$ure ( t 
,h\se7 at any "t1 9 ! same mann]1 & to !
 same ext5t z 9 ! case ( any o!r rule ( 
t ,h\se4  7,h7 ,p5alty rate  7i7 ,9     
g5]al ,n lat] ?an #f mon?s aft] ! date (
 enactm5t ( ?is subp>agraph1 ! ,bo>d    
%all1 ) respect to a recipi5t ( any loan
 or o!r f9ancial assi/ance "u ?is       
p>agraph1 e/abli% by rule a m9imum      
int]e/ rate on ! pr9cipal am\nt ( any   
loan or o!r f9ancial assi/ance4  7ii7   
,m9imum int]e/ rate def9$ ,9 ?is        
subp>agraph1 ! t]m m9imum int]e/ rate   
%all mean ! sum (-- 7,i7 ! av]age ( !   
second>y disc\nt rate ( all ,f$]al      
res]ve banks ov] ! mo/ rec5t #ij-;day   

p]iod2 &  7,,ii7 ! av]age ( ! diff]5ce  
betwe5 a di/ress$ corporate bond yield  
index 7z def9$ by rule ( ! ,bo>d7 & a   
bond yield index ( debt issu$ by !      
,unit$ ,/ates 7z def9$ by rule ( !      
,bo>d7 ov] ! mo/ rec5t #ij-;day p]iod4  
7,i7 ,f9ancial in/itution p>ticipant    
def9$ ,= purposes ( ?is p>agraph1 ! t]m 
f9ancial in/itution p>ticipant-- 7i7    
means a company t is pr$om9antly engag$ 
9 f9ancial activities 7z def9$ 9 section
 #ajb7;a7 ( ! ,f9ancial ,/ability ,act (
 #bjaj 7#ab ,u4,s4,c4 #ecaa7;a7772 &    
7ii7 does n include an ag5cy describ$ 9 
subp>agraph 7,w7 ( section #ecab7;a77#b7
 ( title #ca1 ,unit$ ,/ates ,code1 or an
 entity controll$ or sponsor$ by su* an 
ag5cy4  4  ,decemb] #bh1 #bjah          
,committee on ,rules dis*>g$2 committ$  
to ! ,committee ( ! ,:ole ,h\se on !    
,/ate ( ! ,union & ord]$ to be pr9t$