Became Public Law No: 106-102 [Text, PDF]

more detail:

S.900
Title: An Act to enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, and other financial service providers, and for other purposes.
Sponsor: Sen Gramm, Phil [TX] (introduced 4/28/1999)      Cosponsors (None)
Related Bills: H.RES.355, H.R.10
Latest Major Action: Became Public Law No: 106-102 [GPO: Text, PDF]
Senate Reports: 106-44; Latest Conference Report: 106-434 (in Congressional Record H11255-11292)

ALL ACTIONS: (Floor Actions/Congressional Record Page References)

2/24/1999:

Committee on Banking, Housing, and Urban Affairs. Hearings held.

2/25/1999:

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 106-426.

3/4/1999:

Committee on Banking ordered to be reported an original measure.

4/28/1999:

Committee on Banking. Original measure reported to Senate by Senator Gramm. With written report No. 106-44. Additional views filed. (consideration: CR S4346)

4/28/1999:

Placed on Senate Legislative Calendar under General Orders. Calendar No. 94.

5/3/1999:

Motion to proceed to consideration of measure made in Senate. (consideration: CR S4616)

5/4/1999:

Motion to proceed to consideration of measure agreed to in Senate. (consideration: CR S4616)

5/4/1999:

Measure laid before Senate by motion. (consideration: CR S4616-4658)

5/4/1999:

S.AMDT.302 Proposed by Senator Sarbanes for Senator Daschle.
In the nature of a substitute.

5/5/1999:

Considered by Senate. (consideration: CR S4735-4788)

5/5/1999:

S.AMDT.302 Considered by Senate.

5/5/1999:

S.AMDT.302 Motion to table SP 302 agreed to in Senate by Yea-Nay Vote. 54-43. Record Vote No: 100.

5/5/1999:

S.AMDT.303 Proposed by Senator Bryan.
To make amendments relating to the Community Reinvestment Act of 1977, and for other purposes.

5/5/1999:

S.AMDT.303 Motion to table SP 303 agreed to in Senate by Yea-Nay Vote. 52-45. Record Vote No: 101.

5/6/1999:

Considered by Senate. (consideration: CR S4821-4845, S4847-4878)

5/6/1999:

S.AMDT.307 Proposed by Senator Santorum.
To require the the obligations of the Financing Corporation to be paid from certain excess funds of the deposit insurance funds and for other purposes.

5/6/1999:

S.AMDT.307 Proposed amendment SP 307 withdrawn in Senate.

5/6/1999:

S.AMDT.308 Proposed by Senator Gramm.
To strike a provision relating to a 3-year extension for BIF-member FICO assessments, to provide for financial information privacy protection, and to provide for the establishment of a consumer grievance process by the Federal banking agencies.

5/6/1999:

S.AMDT.308 Amendment SP 308 agreed to in Senate by Yea-Nay Vote. 95-2. Record Vote No: 102.

5/6/1999:

S.AMDT.309 Proposed by Senator Johnson.
To make an amendment with respect to the Federal deposit insurance funds and unitary savings and loan holding companies.

5/6/1999:

S.AMDT.312 Proposed by Senator Dorgan.
To prohibit insured depository institutions and credit unions from engaging in certain activities involving derivative financial instruments.

5/6/1999:

S.AMDT.313 Proposed by Senator Dorgan.
To subject certain hedge funds to the requirements of the Investment Company Act of 1940.

5/6/1999:

S.AMDT.314 Proposed by Senator Schumer.
To make an amendment with respect to ATM fee reform.

5/6/1999:

S.AMDT.314 Amendment SP 314 agreed to in Senate by Voice Vote.

5/6/1999:

S.AMDT.309 Motion to table SP 309 rejected in Senate by Yea-Nay Vote. 32-67. Record Vote No: 103.

5/6/1999:

S.AMDT.309 Amendment SP 309 as modified agreed to in Senate by Voice.

5/6/1999:

S.AMDT.309 Amendment SP 309 as modified agreed to in Senate by Voice Vote.

5/6/1999:

S.AMDT.315 Proposed by Senator Shelby.
To authorize subsidiaries of national banks to engage in certain financial activities, to protect the safety and soundness of any insured bank that has a financial subsidiary, and to provide for the functional regulation of financial subsidiaries.

5/6/1999:

S.AMDT.315 Motion to table SP 315 agreed to in Senate by Yea-Nay Vote. 53-46. Record Vote No: 104.

5/6/1999:

S.AMDT.316 Proposed by Senator Bryan.
To give customers notice and choice about how their financial institutions share or sell their personally identifiable sensitive financial information, and for other purposes.

5/6/1999:

S.AMDT.316 Proposed amendment SP 316 withdrawn in Senate.

5/6/1999:

S.AMDT.317 Proposed by Senator Levin.
To ensure bank securities activities are regulated by securities regulators.

5/6/1999:

S.AMDT.317 Amendment SP 317 agreed to in Senate by Voice Vote.

5/6/1999:

S.AMDT.310 Proposed by Senator Gramm for Senator Bennett.
To benefit municipalities and local securities issuers by permitting banks to purchase municipal revenue bonds and securities in accordance with section 23b.

5/6/1999:

S.AMDT.310 Amendment SP 310 as modified agreed to in Senate by Voice.

5/6/1999:

S.AMDT.310 Amendment SP 310 as modified agreed to in Senate by Voice Vote.

5/6/1999:

S.AMDT.318 Proposed by Senator Gramm.
To make an amendment with respect to limitations on the retention of commodity activities and affialiations by bank holding companies.

5/6/1999:

S.AMDT.318 Amendment SP 318 agreed to in Senate by Voice.

5/6/1999:

S.AMDT.318 Amendment SP 318 agreed to in Senate by Voice Vote.

5/6/1999:

S.AMDT.313 Amendment SP 313 not agreed to in Senate by Voice Vote.

5/6/1999:

S.AMDT.312 Amendment SP 312 not agreed to in Senate by Voice.

5/6/1999:

S.AMDT.312 Amendment SP 312 not agreed to in Senate by Voice Vote.

5/6/1999:

Passed Senate with amendments by Yea-Nay Vote. 54-44. Record Vote No: 105. (text: CR 5/10/1999 S4957-4978)

5/12/1999 10:01am:

Received in the House.

5/12/1999:

Message on Senate action sent to the House.

5/12/1999 5:33pm:

Held at the desk.

7/20/1999 7:00pm:

Mr. Leach asked unanimous consent to take from the Speaker's table and consider.

7/20/1999 7:00pm:

Considered by unanimous consent. (consideration: CR H5919-5984)

7/20/1999 7:00pm:

The House struck all after the enacting clause and inserted in lieu thereof the provisions of a similar measure H.R. 10. Agreed to without objection.

7/20/1999 7:00pm:

On passage Passed without objection. (text: CR H5919-5984)

7/20/1999 7:00pm:

Motion to reconsider laid on the table Agreed to without objection.

7/20/1999 7:00pm:

The title of the measure was amended to that of similar measure H.R. 10. Agreed to without objection.

7/22/1999:

Message on House action received in Senate and at desk: House amendments to Senate bill.

7/22/1999:

Senate disagreed to House amendments requested conference and appointed conferees. Gramm; Shelby; Mack; Bennett; Grams; Allard; Enzi; Hagel; Santorum; Bunning; Crapo; Sarbanes; Dodd; Kerry; Bryan; Johnson; Reed; Schumer; Bayh; Edwards. (consideration: CR S9128-9169; text as Senate disagreed to House amendments: CR S9128-9169)

7/26/1999:

Message on Senate action sent to the House.

7/30/1999 12:50pm:

Mr. Leach asked unanimous consent that the House insist upon its amendments, and agree to a conference.

7/30/1999 12:50pm:

On motion that the House insist upon its amendments, and agree to a conference Agreed to without objection. (consideration: CR H6728)

7/30/1999 12:50pm:

Motion to reconsider laid on the table Agreed to without objection.

7/30/1999 12:51pm:

Mr. LaFalce moved that the House instruct conferees.

7/30/1999 12:51pm:

MOTION TO INSTRUCT CONFEREES - Mr. LaFalce moves to instruct conferees on the part of the House on the bill S. 900 and the House amendments thereto, to ensure, consistent with the scope of the conference, that: 1. Consumers have the strongest consumer financial privacy protections possible, including protections against the misuse of confidential information and inappropriate marketing practices, and ensuring that consumers receive notice and the right to say "no" when a financial institution wishes to disclose a consumer's nonpublic personal information for use in telemarketing, direct marketing, or other marketing through electronic mail; and

7/30/1999 12:51pm:

2. Consumers enjoy the benefits of comprehensive financial modernization legislation that provides robust competition and equal and non-discriminatory access to financial services and economic opportunities in their communities; and 3. Consumers have the strongest medical privacy protections possible, and thereby prevent financial institutions from disclosing or making related uses of health and medical and genetic information without the consent of their customers, and therefore agree to recede to the Senate on subtitle E of Title III of the House amendment.

7/30/1999 2:12pm:

On motion that the House instruct conferees Agreed to by the Yeas and Nays: 241 - 132 (Roll no. 355). (consideration: CR H6728-6738)

7/30/1999 2:12pm:

Motion to reconsider laid on the table Agreed to without objection.

7/30/1999 2:13pm:

The Speaker appointed conferees - from the Committee on Banking and Financial Services for consideration of the Senate bill and the House amendment and modifications committed to conference: Leach, McCollum, Roukema, Bereuter, Baker, Lazio, Bachus, Castle, LaFalce, and Vento.

7/30/1999 2:13pm:

The Speaker appointed additional conferees - from the Committee on Banking and Financial Services for consideration of titles I, III (except sec. 304), IV, and VII of the Senate bill, and title I of the House amendment, and modifications committed to conference: Frank (MA), Kanjorski, Waters, and Maloney (NY).

7/30/1999 2:13pm:

The Speaker appointed additional conferees - from the Committee on Banking and Financial Services for consideration of title V of the Senate bill, and title II of the House amendment, and modifications committed to conference: Kanjorski, Maloney (NY), Watt (NC), and Maloney (CT).

7/30/1999 2:14pm:

The Speaker appointed additional conferees - from the Committee on Banking and Financial Services for consideration of title II of the Senate bill and title III of the House amendment and modifications committed to conference: Kanjorski, Maloney (NY), Velazquez, and Hooley.

7/30/1999 2:15pm:

The Speaker appointed additional conferees - from the Committee on Banking and Financial Services for consideration of title VI of the Senate bill, and title IV of the House amendment and modifications committed to conference: Waters, Maloney (NY), Gutierrez, and Bentsen.

7/30/1999 2:16pm:

The Speaker appointed additional conferees - from the Committee on Banking and Financial Services for consideration of section 304 of the Senate bill and title V of the House amendment and modifications committed to conference: Frank (MA), Kanjorski, Waters, and Ackerman.

7/30/1999 2:17pm:

The Speaker appointed conferees - from the Committee on Commerce for consideration of the Senate bill, and the House amendment, and modifications committed to conference: Bliley, Oxley, Tauzin, Gillmor, Greenwood, Cox, Largent, Bilbray, Dingell, Towns, Markey, Waxman, DeGette, and Capps.

7/30/1999 2:18pm:

The Speaker appointed conferees Provided that Mr. Rush is appointed in lieu of Mrs. Capps for consideration of sec. 316 of the Senate bill.

7/30/1999 2:19pm:

The Speaker appointed conferees - from the Committee on Agriculture for consideration of title V of the House amendment, and modifications committed to conference: Combest, Ewing, and Stenholm.

7/30/1999 2:20pm:

The Speaker appointed conferees - from the Committee on the Judiciary for consideration of secs. 104(a), 104(d)(3), and 104(f)(2) of the Senate bill, and secs. 104(a)(3), 104(b)(3)(A), 104(b)(4)(B), 136(b), 136(d)-(e), 141-44, 197, 301, and 306 of the House amendment, and modifications committed to conference: Hyde, Gekas, and Conyers.

9/23/1999:

Conference held.

9/29/1999:

Conference held.

9/30/1999:

Conference held.

10/14/1999:

Conference held.

10/15/1999:

Conference held.

10/22/1999:

Conference held.

10/28/1999:

Conferees agreed to file conference report.

11/2/1999 2:50pm:

Conference report H. Rept. 106-434 filed. (text of conference report: CR H11255-11292)

11/2/1999 9:43pm:

Rules Committee Resolution H. Res. 355 Reported to House. Rule provides for consideration of the conference report to S. 900 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions.

11/3/1999:

Conference papers: Senate report and managers' statement held at the desk in Senate.

11/3/1999:

Conference report considered in Senate. (consideration: CR S13783-13791)

11/4/1999:

Conference report considered in Senate.

11/4/1999:

Senate agreed to conference report by Yea-Nay Vote. 90-8. Record Vote No: 354. (consideration: CR S13871-13881, S13883-13917)

11/4/1999:

Message on Senate action sent to the House.

11/4/1999 9:24pm:

Rule H. Res. 355 passed House.

11/4/1999 9:26pm:

Mr. Leach brought up conference report H. Rept. 106-434 for consideration under the provisions of H. Res. 355.

11/4/1999 9:26pm:

DEBATE - The House proceeded with one hour of debate on the conference report on S. 900, the Gramm, Leach, Bliley Act.

11/4/1999 10:50pm:

The previous question was ordered pursuant to the rule.

11/4/1999 11:15pm:

Motions to reconsider laid on the table Agreed to without objection.

11/4/1999 11:15pm:

On agreeing to the conference report Agreed to by the Yeas and Nays: 362 - 57 (Roll no. 570). (consideration: CR H11526-11551)

11/4/1999:

Cleared for White House.

11/9/1999:

Presented to President.

11/12/1999:

Signed by President. (Clinton)

11/12/1999:

Became Public Law No: 106-102.

      S 900      YEA-AND-NAY      4-Nov-1999      11:17 PM
      QUESTION:  On Agreeing to the Conference Report
      BILL TITLE: Financial Services Modernization Act

Vote Results for the Senate

Alphabetical by Senator Name