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RULE NO. 6-QUORUMS

A quorum. for the purpose of reporting any bill or resol ution, shall consist of a majority of the Committee actually present which shall be deemed the case if the records of the Committee establish that a majority of the Committee responded on a roll call vote on that question. No point of order shall lie with respect to any measure or recommendation on the ground that it was reported without a majority of the Committee actually present unless such point of order was timely made in Committee.

(b) A quorum, for the purpose of taking any action other than the reporting of a bill or resolution, shall consist of one-third of the Members of the Committee.

(c) A quorum. for the purpose of taking testimony and receiving evidence, shall consist of any two Members of the Com

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RULE NO. 7.-PROXIES

1. No vote by any Member of the Committee or any of its subcommittees with respect to any measure may be cast by proxy unless a proxy authorization is given in writing by the Member desiring to vote by proxy, which authorization shall assert that the Member is absent on official business or is otherwise unable to be present at the meeting of the Committee or subcommitee, shall designate the person who is to execute the proxy authorization. and shall be limited to a specific measure or matter and any amendments or motions pertaining thereto. Each proxy to be ef fecuve shall be signed by the Member assigning the vote and shall contain the date and time of the day that the proxy is signed. No shall be voted on a motion to adjourn or shall be counted e a quorum. 2. Proxies shall have the following form:

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Subcommittee on General Oversight. Invesugations and the
Resolution of Failed Financial Insutuuons.
Subcommittee on International Development. Finance. Trade
and Monetary Policy:

each of which shall have the jurisdiction and related functions assigned to it by this clause; and all bills, resolutons, and other matters relating to subjects within the jurisdiction of this Com mittee shall be referred to such subcommittees as follows. Subcommittee on Housing and Community Development

(a) The jurisdiction of the Subcommittee on Housing and Community Development extends to and includes.

(1) all matters relating to housing (except programs admin istered by the Veterans Administration), including mortgage and loan insurance pursuant to the National Housing Act: FHA mortgage interest rates. rural housing, housing assistance pro. grams; secondary mortgage market programs and all other ac úivities of FNMA. GNMA. and FHLMC. private mortgage insurance; housing construction and design standards: housingrelated energy conservation, housing research and demonstration programs: financial and technical assistance for nonprofit housing sponsors; counseling and assistance, regulation of the housing industry (including landlord-tenant relations), real estate lending powers of financial institutions (including regulation of settlement Costs);

(2) matters relating to community development and community planning training and research, including community development block grants; urban renewal; rehabilitation loans and grants: neighborhood facilities grants; open space land and urban beautification grants; water and sewer facilities grants; public facilities loans; advance acquisition of land programs; new communities assistance programs; national urban growth policies. comprehensive planning (including land use and areawide programs); community development training and fellowships; urban research and technologies; and regulation of interstate land sales: and

(3) FHA property improvement loans under title 1 of the National Housing Act which can be used to finance the preser vation of historic structures; community development block grant funds authorized under ute I of the 1974 Housing Act which can be used to finance the acquisition and preservation of historic properties, and section 701 comprehensive planning grants to public bodies which can be used to finance surveys of historic sites and structures.

Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance

(b) The jurisdiction of the Subcommittee on Financial Institutions Supervision. Regulation and Deposit Insurance extends to and includes

(1) all agencies which directly or indirectly exercise supervi sory or regulatory authority in financial institutions, and the establishment of interest rate ceilings on deposits:

(2) all auxiliary matters affecting or arising in connection with the supervisory and regulatory activities of the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System and the Federal Reserve System, the Office of Thrift Supervision, and 'the National Credit Union Administration, to gether with those activities and operations of any other agency or department which relate to both domestic or foreign financial in

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IV

103D CONGRESS 2D SESSION

H. RES. 437

Directing the Committee on Agriculture, the Committee on Banking, Finance and Urban Affairs, the Committee on Government Operations, the Committee on the Judiciary, and the Committee on Small Business to commence hearings on issues within their jurisdiction relating to the Whitewater Development Corporation and related issues.

IN THE HOUSE OF REPRESENTATIVES

MAY 24, 1994

Mr. DOOLITTLE (for himself, Mr. GINGRICH, Mr. ARMEY, Mr. MCCOLLUM, Mr. DELAY, Mr. HUNTER, Mr. HYDE, Mr. WALKER, Mr. LEACH, Mr. ROBERTS, Mr. CLINGER, Mr. FISH, Mrs. MEYERS of Kansas, Mr. ALLARD, Mr. BACHUS of Alabama, Mr. BAKER of California, Mr. BAKER of Louisiana, Mr. BALLENGER, Mr. BARRETT of Nebraska, Mr. BARTLETT of Maryland, Mrs. BENTLEY, Mr. BEREUTER, Mr. BLILEY, Mr. BLUTE, Mr. BOEHLERT, Mr. BOEHNER, Mr. BUNNING, Mr. BURTON of Indiana, Mr. CANADY, Mr. CASTLE, Mr. COMBEST, Mr. COLLINS of Georgia, Mr. CUNNINGHAM, Mr. CRANE, Mr. Dornan, Mr. DREIER, Ms. DUNN, Mr. EVERETT, Mr. EWING, Mr. GEKAS, Mr. GALLO, Mr. GILLMOR, Mr. GOODLATTE, Mr. HANCOCK, Mr. HASTERT, Mr. HEFLEY, Mr. HERGER, Mr. HOBSON, Mr. HOEKSTRA, Mr. HOKE, Mr. HUFFINGTON, Mr. INGLIS of South Carolina, Mr. IsтOOK, Mrs. JOHNSON of Connecticut, Mr. SAM JOHNSON of Texas, Mr. KLUG, Mr. KNOLLENBERG, Mr. KYL, Mr. LEWIS of Florida, Mr. LINDER, Mr. LIVINGSTON, Mr. LUCAS, Mr. MCKEON, Mr. Manzullo, Mr. MILLER of Florida, Mr. NUSSLE, Mr. PACKARD, Mr. PAXON, Mr. POMBO, Ms. PRYCE of Ohio, Mr. RAVENEL, Mr. ROHRABACHER, Mr. ROGERS, Mr. ROYCE, Mr. SANTORUM, Mr. SAXTON, Mr. SCHIFF, Mr. SHAYS, Mr. SHUSTER, Mr. SMITH of New Jersey, Mr. SMITH of Texas, Mr. SMITH of Michigan, Mr. SOLOMON, Mr. SPENCE, Mr. STEARNS, Mr. STUMP, Mr. TALENT, Mr. TAYLOR of North Carolina, Mr. THOMAS of Wyoming, Mr. TORKILDSEN, Mr. UPTON, Mrs. VUCANOVICH, Mr. WELDON, Mr. WOLF, and Mr. ZELIFF) submitted the following resolution; which was referred to the Committee on Rules

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RESOLUTION

Directing the Committee on Agriculture, the Committee on Banking, Finance and Urban Affairs, the Committee on Government Operations, the Committee on the Judiciary, and the Committee on Small Business to commence hearings on issues within their jurisdiction relating to the Whitewater Development Corporation and related issues.

Whereas allegations have been reported in public concerning the possibility of unethical or illegal conduct in connection with Madison Guaranty Savings and Loan Association (MGS&L), Whitewater Development Corporation, Capital Management Services Inc. (CMS), Ray. E. Friedman & Company (REFCO), and Lasater and Company; and

Whereas Congress has a constitutional obligation to conduct oversight of matters relating to the operations of the Government, including matters related to any governmental investigations which may, from time to time, be undertaken: Now, therefore, be it

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(1) the Committee on Agriculture, the Committee on Banking, Finance and Urban Affairs, the Committee on Government Operations, the Commit

tee on the Judiciary, and the Committee on Small Business are instructed to commence hearings on is

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sues within their jurisdiction relating to Madison Guaranty Savings and Loan Association, Whitewater

Development Corporation, Capital Management

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1 Services Inc., Services Inc., Ray. E. Friedman & Company

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(REFCO), and Lasater and Company, and such re

lated issues as may be appropriate not later than

August 15, 1994, and to submit written findings

concerning such matter to the House not later than the sine die adjournment of this Congress;

(2) the respective committees shall work, insofar as it is feasible consistent with the requirements of this resolution, to accommodate the work of Special Counsel Robert B. Fiske, Jr., and shall not

grant immunity under sections 6002 and 6003 of

title 18, United States Code, over the objection of

Special Counsel Robert Fiske to any witness called to testify at these hearings; and

(3) the Speaker and the majority and minority leaders are instructed to meet to determine the ap

propriate timetable, procedures, and other relevant issues relating to congressional oversight.

•HRES 457 IH

The Washington Times

Parties see July start of hearings

By Jerry Seper

THE WASHINGTON TIMES

Democratic and Republican leaders in the House, after meeting with special counsel Robert B. Fiske Jr. agreed that congressional hearings on the WhitewaterMadison affair could begin by the end of July.

Mr. Fiske, who has opposed any hearings that would interfere with his investigation, said after the meeting that he expects the first phase of his probe to be complete by the "middle to the end of June."

It will be the congressional leadership's decision at that point on "whether to have hearings." he added.

House Speaker Thomas S. Foley in a statement said that, because of staff preparations, hearings could not begin before the end of July and then only if Mr. Fiske finished the first phase by the end of next month.

"I have no problem with waiting and having hearings in July. August and September. If we have done all the preparation for the hearings, then we can act fairly quickly once Fiske says it's OK."

see PROBE, page A19

WASHINGTON, D.C., FRIDAY, MAY 27, 1994.

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