Budget and Accounting Transparency Act of 2011

Introduced in 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.

Committee Consideration and Mark-up Session Held.

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.

Committee on Ways and Means discharged.

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.

DEBATE - The House proceeded with 10 minutes of debate on the Walz (MN) 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.

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

Passed/agreed to in House: On passage Passed by recorded vote: 245 - 180 (Roll no. 42).