,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #eie  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #bj1 #bjag,mr4
 ,capuano introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,f9ancial    
,s]vices1 & 9 addition to ! ,committees 
on ,rules1 & ,ov]sight & ,gov]nm5t      
,re=m1 = 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$  ,a
 ,,bill  ,to am5d ! ,f$]al ,res]ve ,act 
to re=m ! ,f$]al ,res]ve ,sy/em4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,bail\t ,prev5tion ,act ( #bjag4  #b4   
,disc\nts = individuals1 p>tn]%ips1 &   
corporations ,section #ac7c77;,b7 ( !   
,f$]al ,res]ve ,act 7#ab ,u4,s4,c4      
#cdc7c77;,b77 is am5d$ by /rik+ clauses 
7ii7 & 7iii7 & ins]t+ ! foll[+3  7ii7   
7,i7 ,! ,bo>d %all e/abli% proc$ures to 
prohibit borr[+ f programs & facilities 
by borr[]s t are insolv5t4 ,a borr[]    
%all n be eligible to borr[ f any       
em]g5cy l5d+ program or facility unless 

! ,bo>d & all ,f$]al bank+ regulators ) 
jurisdiction ov] ! borr[] c]tify t1 at !
 "t ! borr[] initially borr[s "u !      
program or facility1 ! borr[] is n      
insolv5t4 ,solv5cy %all be assess$ by   
exam9+ ! la/ #d mon?s ( relevant        
f9ancial data & det]m9+ :e!r ! fair     
value ( ! borr[]'s assets exce$s ! fair 
value ( ! borr[]'s liabilities1 )       
appropriate adju/m5t = tempor>y         
illiquidity 9 relevant m>kets4  7,,ii7  
,a borr[] %all be consid]$ insolv5t =   
purposes ( ?is subp>agraph if ! borr[]  
is-- 7aa7 9 bankruptcy1 resolution "u   
title ,,ii ( ! ,dodd-,frank ,wall ,/reet
 ,re=m & ,consum] ,protection ,act 7#ab 
,u4,s4,c4 #echa et seq471 or any o!r    
,f$]al or ,/ate insolv5cy proce$+2 or   
7bb7 a bridge f9ancial company 7z def9$ 
9 section #bja7;a7 ( ! ,dodd-,frank     
,wall ,/reet ,re=m & ,consum]           
,protection ,act 7#ab ,u4,s4,c4         
#echa7;a777 or a bridge depository      
in/itution 7z def9$ 9 section #c ( !    
,f$]al ,deposit ,insurance ,act 7#ab    

,u4,s4,c4 #ahac774  7,,iii7 ,if ! ,bo>d 
or any o!r bank+ regulator makes a      
c]tification ( solv5cy1 ! ,bo>d or bank+
 regulator1 z applicable1 %all issue a  
contemporane\s public /atem5t provid+ a 
detail$ explanation ( ! c]tification    
decision4  7iii7 ,a program or facility 
%all be consid]$ a program or facility )
 broad-bas$ eligibility only if n few]  
?an #e companies are eligible to        
p>ticipate 9 ! program or facility 9 a  
significant mann]4  4  #c4 ,p5alty rate 
requirem5t2 ,congressional approval     
requirem5t ,section #ac7c7 ( ! ,f$]al   
,res]ve ,act 7#ab ,u4,s4,c4 #cdc7c77 is 
am5d$ by add+ at ! end ! foll[+3  7,f7  
,any em]g5cy l5d+ "u ?is p>agraph %all  
be provid$ at an annual int]e/ rate n   
less ?an #ejj basis po9ts great] ?an !  
co/ ( borr[+ = ! ,unit$ ,/ates ,treasury
 = a comm5surate loan t]m4  7,g7  7i7   
,if ! ,bo>d det]m9es t ! ,bo>d %all     
create an em]g5cy l5d+ program or       
facility t does n comply ) ! broad-bas$ 
eligibility requirem5t describ$ 9       

subp>agraph 7,b77iii7 or ! p5alty rate  
requirem5t describ$ 9 subp>agraph 7,f71 
! ,bo>d--  7,i7 may create su* a program
 or facility2 &  7,,ii7 n lat] ?an #c   
days aft] ! date on :i* a program or    
facility is creat$ "u clause 7i71 %all  
submit to ,congress a report t describes
 ! reasons :y ! ,bo>d is unable to      
comply ) any requirem5t describ$ 9 !    
matt] prec$+ subclause 7,i74  7ii7  7,i7
 ,a program or facility creat$ "u clause
 7i77,i7 %all t]m9ate on ! date t is #cj
 cal5d> days aft] ! date on :i*         
,congress receives a report describ$ 9  
clause 7i77,,ii7 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 are out/&+ z ( !  
date on :i* ! 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  7,,ii7 ,= !       
purpose ( ?is section1 ! t]m jo9t       

resolution means only a jo9t            
resolution-- 7aa7 t is introduc$ n lat] 
?an #c cal5d> days aft] ! date on :i* ! 
report ref]r$ to 9 clause 7i77,i7 is    
receiv$ by ,congress2  7bb7 t does n h a
 preamble2  7cc7 ! title ( :i* is z     
foll[s3 ,jo9t resolution relat+ to !    
approval ( a program or facility creat$ 
by ! ,bo>d ( ,gov]nors ( ! ,f$]al       
,res]ve ,sy/em2 &  7dd7 ! matt] aft] !  
resolv+ clause ( :i* is z foll[s3 ,t    
,congress approves ! program or facility
 creat$ by ! ,bo>d ( ,gov]nors ( !      
,f$]al ,res]ve ,sy/em on 4 7,! blank    
space be+ appropriately fill$ 974       
7,,iii7  7aa7 ,^u receipt ( a report "u 
subsection 7a77#c71 ! ,speak]1 if !     
,h\se w\ld o!rwise be adj\rn$1 %all     
notify ! ,memb]s ( ! ,h\se t1 pursuant  
to ?is section1 ! ,h\se %all conv5e n   
lat] ?an ! second cal5d> day aft]       
receipt ( su* report4  7bb7 ,any        
committee ( ! ,h\se ( ,repres5tatives to
 :i* a jo9t resolution is ref]r$ %all   
report x to ! ,h\se n lat] ?an #e cal5d>

 days aft] ! date ( receipt ( ! report  
describ$ 9 clause 7i77,,ii74 ,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  7cc7   
,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 clause 7i77,,ii71 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   
7dd7 ,! 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  7,,iv7    
7aa7 ,^u receipt ( a report "u clause   
7i77,,ii71 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* message4  7bb7 ,^u introduction 9 ! 
,s5ate1 ! jo9t resolution %all be plac$ 
imm$iately on ! cal5d>4  7cc7 7,,aa7    
,not)/&+ ,rule ,,xxii ( ! ,/&+ ,rules ( 
! ,s5ate1 x is 9 ord] at any "t dur+ !  
p]iod beg9n+ on ! f\r? day aft] ! date  
on :i* ,congress receives a report      
describ$ 9 clause 7i77,,ii7 & 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 7,,bb7 ,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 7,,cc7 ,! 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 7,,dd7 ,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  7,v7  7aa7  
,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$ures %all apply3 7,,aa7 ,!  
jo9t resolution ( ! o!r ,h\se %all n be 
ref]r$ to a committee4 7,,bb7 ,) respect
 to a jo9t resolution ( ! ,h\se receiv+ 
! resolution-- 7,,cc7 ! proc$ure 9 t    
,h\se %all be ! same z if no jo9t       
resolution _h be5 receiv$ f ! o!r ,h\se2
 b 7,,dd7 ! vote on passage %all be on !
 jo9t resolution ( ! o!r ,h\se4  7bb7   
,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$ures "u ?is section4  7cc7 ,if1    
foll[+ passage ( ! jo9t resolution 9 !  
,s5ate1 ! ,s5ate !n receives ! companion
 measure f ! ,h\se ( ,repres5tatives1 ! 
companion measure %all n be debatable4  
7dd7 ,if ! ,presid5t vetoes ! jo9t      
resolution1 ! p]iod beg9n+ on ! date !  
,presid5t vetoes ! jo9t resolution &    
end+ on ! date ! ,congress receives !   
veto message ) respect to ! jo9t        
resolution %all be disreg>d$ 9 comput+ !
 #cj-;cal5d>-day p]iod describ$ 9       
subclause 7,i7 & debate on a veto       
message 9 ! ,s5ate "u ?is section %all  
be #a h\r equally divid$ betwe5 !       
majority & m9ority lead]s or _!         
designees4  7ee7 ,?is subclause &       
subclauses 7,,ii71 7,,iii71 & 7,,iv7 are
 enact$ by ,congress-- 7,,aa7 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$es o!r rules only to ! ext5t t x  
is inconsi/5t ) su* rules2 & 7,,bb7 )   
full recognition ( ! con/itutional "r ( 
ei!r ,h\se to *ange ! rules 7s f> z     
relat+ to ! proc$ure ( t ,h\se7 at any  
"t1 9 ! same mann]1 & to ! same ext5t z 
9 ! case ( any o!r rule ( t ,h\se4  4   
#d4 ,public disclosure ( in=mation      
relat$ to cr$it facilities  7a7 ,reports
 on ,,gao audits ,section               
#gad7;f77#c77;,c77iii7 ( title #ca1     
,unit$ ,/ates ,code1 is am5d$-- 7#a7 by 
/rik+ #a ye> & ins]t+ #fj days2 &  7#b7 
by /rik+ #bd mon?s & ins]t+ #fj days4   
7b7 ,public disclosures by ! ,bo>d (    
,gov]nors ,section #aa ( ! ,f$]al       
,res]ve ,act 7#ab ,u4,s4,c4 #bdh7 is    
am5d$--  7#a7 9 ! fir/ subsection 7s7   
7relat+ to transp>5cy & ! release (     
in=mation7-- 7,a7 9 p>agraph 7#b7--  7i7
 9 subp>agraph 7,a71 by /rik+ #a ye> &  
ins]t+ #fj days2 &  7ii7 9 subp>agraph  
7,b71 by /rik+ ! la/ day ( ! eigh?      
cal5d> qu>t] foll[+ ! cal5d> qu>t] 9 :i*

 & ins]t+ ! date t is #fj days aft] !   
date on :i*2 &  7,b7 9 p>agraph 7#e71 by
 /rik+ #bd-mon? & ins]t+ #fj days2 &    
7#b7 by r$esignat+ ! second subsection  
7s7 7relat+ to assessm5ts1 fees1 & o!r  
*>ges7 z subsection 7t74