is a, this is being done in bipartisan manner, but b we need to move this thing forward. by that i mean the house of representatives now today in a bipartisan manner is going to be moving a good piece of job-creating legislation. the next step we know is just across the capitol in the u.s. senate, and we want to make sure this type of legislation, in a bipartisan manner, also moves there as well. hopefully we can link arms and join arms on getting them to move this legislation there as well. with that i thank the gentlelady. i thank the gentleman from michigan, mr. huizenga, for all his leadership in the committee on this legislation as well and his other legislation, and with that i encourage the passage of 2274, and yield back at this time. the speaker pro tempore: the question is will the house suspend the rules and pass the bill, h.r. 2274, as amended. so many as are in favor say aye. those opposed, no. in the opinion of the chair, 2/3 of those voting having responded in the affirmative -- the gentleman from new jersey. mr. garrett: mr. speaker, i ask for the yeas and nays. the speaker pro tempore: those favoring a vote by the yeas and

nays will rise. a sufficient number having arisen, the yeas and nays are ordered. pursuant to clause 8 of rule 20, further proceedings on this otion will be postponed. for what purpose does the gentleman from new jersey seek recognition? mr. garrett: i move that the house suspend the rules and pass h.r. 801. the speaker pro tempore: the clerk will report the title of the bill, please. the chair: union calendar number 242, h.r. 801. a bill to amend the securities exchange act of 1934 to make the shareholder threshold for registration of savings and loan holding companies the same as for bank holding companies. the speaker pro tempore: pursuant to the rule, the gentleman from new jersey, mr.

garrett, and the gentleman from connecticut, mr. himes, each will control 20 minutes. the chair recognizes the gentleman from new jersey. mr. garrett: thank you, madam speaker. i ask unanimous consent that all members may have five legislative days to revise and and submit remarks extraneous materials for the record on h.r. 801, currently under consideration. the speaker pro tempore: without objection. mr. garrett: mr. speaker, madam speaker, i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. garrett: i rise today, i did a moment ago as well, in support of this good, commonsense piece of legislation, which is to now h.r. 801. this is called the holding company registration threshold equalization act. i also just like with the prior legislation would like to commit the bipartisan nature of the legislation before us and the bipartisan nature of the sponsors, representative womack, himes, delaney, and in the chair, mrs. wagner, as well for

their outstanding work on getting this important measure to the floor today. what does it do? h.r. 801 basically corrects a technical oversight from last congress' jobs act which was to jump-start our business start-ups act, it does so by ensuring that savings and loans holding companies, they are slhc's, are able to take advantage of the law's provision that modified the thresholds by which bank holding companies are forced to -- they are forced to register or allow to deregister with the s.e.c. most savings and loans holding companies are organized very much the same, very similarly, to bank holding companies and are subject, therefore, to basically very similar regulatory oversight. and because this is the case, it is appropriate for us now to correct this technical oversight in the law and streamline the registration process and also the deregistration threshold for

savings and loans and bank holding companies. i'll end where i began and that is to thank the leadership for bringing up this very important legislation and the sponsors as well. we are working in a bipartisan manner and i ask all members support this commonsense legislation and the senate consider it without any delay. with that i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. i now recognizes the gentleman from connecticut. mr. himes: thank you, madam speaker. i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. himes: thank you, madam speaker. i once again thank chairman garrett, chairman of the subcommittee on capital markets, for his support and leadership on this bill. i particularly thank my co-sponsors on this bill, mr. womack, with whom i have worked before, miss wag next and mr. delaney -- mrs. wagner, and mr. delaney. thank you for your hard work. this is a rare example of a wise bipartisan bill that will achieve something important,

which is to basically undertake a technical fix to the jobs act, which was passed into law in april of 2012, which allowed banks to put off becoming public until they reached a threshold of 2,000 shareholders. that sounds like a small and technical point, but it put a tremendous burden on banks that perhaps were not ready to go public with more than 500 shareholders at the time. the legislation did not directly specify that savings and loans would also receive the same treatment. it was, i believe, the intent of congress that be the case, so h.r. 801 goes back to seek to remedy this issue. the holding company registration threshold equalization act, rather awkward name for h.r. 801, extends the shareholder registration thresholds to savings and loan holding companies. this bill will ensure that savings and loan institutions operate under the same rules as banks, trying to create a more uniform and simple regulatory apparatus. this will help these

institutions raise capital so they have the resources to make the loans which drive the economic growth, the businesses, colleges, mortgages, the purchases that drive the economic growth of this country. madam speaker, again thank you, mr. garrett, for your support as we seek creative solutions to the nation's job crisis, we should do everything we can to stimulate the consumer demand that we know drives so much of this economy. this bill is one small commonsense step we can take in that direction. again i thank mr. womack and mrs. wagner, mr. delaney for their leadership. thank you, mr. chairman. with that i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. i now recognizes the gentleman from new jersey. mr. garrett: i thank the gentleman from account k we turn to the prime sponsor, the gentleman from arkansas, mr. womack. i yield to him such time as he may consume. the speaker pro tempore: the gentleman from arkansas is recognized. mr. womack: thank you, madam speaker. my thanks to the subcommittee chairman and to the overall chairman hensarling for shepherding this bill through

committee and bringing it to the house floor. i, too, would like to express my gratitude to my colleagues on both sides of the aisle, particularly representative himes with whom i worked in the previous congress on similar legislation that has already been articulated. representatives delaney and madam speaker, mrs. wagner, for working with me on this bipartisan measure. as you know, madam speaker, we have been talking about jobs. and the house has passed bill after bill to create a better environment for private sector growth and job creation. these conservative solutions would help create new jobs today, would make life better for families across the contry, and would expand opportunity for everyone without expanding government. that's exactly what this bill, h.r. 801, does as well. and i'm proud to rise and urge support for its passage. small financial institutions are essential to the communities they serve.

their boards are made up of community leaders. their employees are our neighbors. they sponsor little league teams, softball leagues. they support the united way. on friday nights you see their logos on the scoreboards at high school football games. these institutions have a deep and abiding love for the towns that they serve. and our constituents, small business owners, farmers, hardworking americans rely on them to meet pay roll, purchase equipment, or buy a car or home. unfortunately, these institutions are coming under increased pressure from washington, forcing them to spend more and more of their resources not to put capital into the community but to comply with onerous new regulations -- onerous new regulations and requirements. our small community banks and savings and loan holding companies were not the cause of the financial crisis, so they should not be treated as though they were. that's why in the last congress the house and senate acted to

eliminate some of these unnecessary burdens by passing the jobs act. among other things the bill raised the registration threshold for bank holding companies from 500 to 2,000 shareholders and decreased the deregistration threshold from 300 to 1,200 shareholders. better positioning banks to increase their business lending and in turn economic growth in our communities. due to an oversight the jobs act did not explicitly extend these thresholds holds -- to savings and loan companies. this wasn't our intent, as i supported report language and the house f.y. 2013 financial services and general government appropriations bill clarifying that savings and loan holding companies should be treated in the same manner as bank and bank holding companies. additionally, representative himes and i wrote to the s.e.c. chairman shapiro to ask that the s.e.c. use its authority to carry out our original intent.

unfortunately, madam speaker, we are still without a successful resolution to the problem. at a time when our economy is struggling, congress must address the issue and ease the burdens on these institutions and to allow them to deploy more of their capital throughout the communities they serve. h.r. 801 does this by correcting this oversight and ensuring that savings and loan holding companies are treated in the same manner as bank and bank holding companies. i urge my colleagues to support this job creating legislation, and i yield back the balance of my time. the speaker pro tempore: the gentleman from new jersey reserves. the gentleman from connecticut is recognized. mr. himes: thank you, madam chair. it's now my pleasure to yield two minutes to my colleague, mr. schneider. mr. schneider: thank you, mr. speaker. i rise today in support of h.r. 801, the holding company

registration threshold equalization act. this simple, bipartisan measure ensures consumers and businesses, the drivers of our economy, have the access to the capital they need. the jobs act gives small community banks flexibility to raise capital without being required to comply with regulations specifically intended for the larger financial institutions that were responsible for the 2008 financial crisis. this was a positive change that injected much needed capital into our local economies. however, the legislation did not specifically extend to small savings and loans holding companies. it's important that we now put the savings and loans on par with our banks -- other banks, retaining the equity conducive to promoting health of our banking system. by putting additional capital in the hands of our lol savings and loans, we are helping consumers looking for home loans, our neighbors starting small businesses, and small businesses that are continuing to invest in their future.

this may be a technical correction, but it remains a correction that has significant beneficial implications for our communities and for our continued economic recovery. i ask my colleagues to join me in support of this measure. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from new jersey. mr. garrett: at this time i would like to yield as much time as she shall consume to the gentlelady from missouri, also a prime sponsor of the legislation before us and also a leading and active member on the committee. the speaker pro tempore: the gentlelady from missouri is recognized. mrs. wagner: thank you, mr. speaker. i want to thank the sponsor of this legislation, mr. womack of arkansas, as well as my democrat colleagues, mr. himes of connecticut and mr. delaney of maryland, for their work on this important issue. i also want to thank the chairman of the subcommittee here for his very hard work in getting the bill to the floor today. mr. speaker, the jobs act was a big win for the american economy. since the law was passed a year

and a half ago, a number of american businesses, including more than 40 biotechnology companies, as well as companies such as kayak and twitter have gone public using provisions of the jobs act. additionally, dozens of community banks across the country have already taken advantage of the updated s.e.c. registration thresholds which made up title 6 of the jobs act. but perhaps most encouraging is the frenzy of activity we have been seeing from entrepreneurs around the country. whether it's small technology start-ups, lining up at the gate to begin crowd funding, or small businesses being able to share their story with more investors now that they are allowed to advertise. we certainly see this kind of activity in the greater st. louis region which has become a major hub of innovation. this is exactly what the jobs act was intended to do. allow entrepreneurs and small businesses to focus on

innovating and creating jobs, not only complying with outdated government regulations. unfortunately as we all know, washington tends to move a little slower than the private sector, which is why this legislation is necessary. title 6 of the jobs act updates outdated s.e.c. registration thresholds for community banks and it will allow banks to focus more time on serving their customers than on complying with unnecessary red tape. and while congress intended to include savings and loans as a part of these new registration thresholds, the s.e.c. to date has not interpreted the law in this way. . savings and loans perform essentially the same functions as banks, are overseen by the same regulators and are a pillar of small towns and communities across this country. missouri is home to about 20

savings and loans that could benefit from the enter pro visions in title 6. many of them have under $2 million in assets and rely on savings and loans for credit. increasing the ability of these institutions to lend will increase economic activity in missouri and all around our great country. in order to put savings and loans on equal footing with community banks and codify congressional intent, today we are considering h. reform 801, which will extend the updated thresholds in the jobs tookt savings and loans. i am pleased to be a co-sponsor of this legislation because congress must continue to take steps, no matter how incremental, to increase lending and investments in our economy. as an added bonus, this legislation comes to the floor today with strong bipartisan support and i want to again thank my colleagues on both sides of the aisle for their work and their support on this

issue, mr. speaker. i urge passage of the bill and i yield back my time. the speaker: the gentlelady yields back. he gentleman from connecticut. >> thank you, mr. speaker. mr. himes: i thank chairman garrett for pushing this through. as we said h.r. 801 is a good idea, a bipartisan idea, and something that i hope we can see the senate take up. with that, mr. speaker, i urge support of h.r. 801 and yield back the balance of my time. the speaker pro tempore: the gentleman jeeleds back. -- the gentleman yields back. the gentleman from new jersey. mr. garrett: i was just thinking, speaker boehner raised the question at the beginning of this administration, where are the jobs? and it's a question that i continue to get when i go home to my district, where are the jobs after all the years of this administration?

and it's a question i hear on the floor once in a while from members who don't follow the activity on the floor closely, where are the bills to help create jobs, as if we don't move them. well today, mr. speaker, we are moving two bills out of the floor of the house to facilitate creating jobs for the american public. that's why i'm pleased to be here with the sponsors of the legislation in a bipartisan manner, h.r. 801, and be able to get this through the house, and the house continues in its tradition to make more jobs for the american public, to streamline the regulatory process, and reduce the number of american whors no longer in the work forest whatsoever. so i encourage my colleagues on both sides of the aisle to not only pass legislation today but also encourage the u.s. senate, whereas -- where as some also

say, all good bills go to die, to pass in it a forthright manner. i yield back. the speaker pro tempore: the question is will the house suspend the rules and pass the bill h.r. 801. those in favor say aye those opposed, no. 2/3 being in the affirmative -- the gentleman from new mexico. mr. garrett: i ask for the yeas and nays. the speaker pro tempore: those favoring a vote by the yeas and nays will rise. pusuant to clause 8 of rule 20, further proceedings on this otion are postponed.

the speaker pro tempore: for what purpose does the gentleman from kentucky sec reck igs? -- recognition? mr. rogers: i move that the house suspend the rules and pass house joint resolution 106. the speaker pro tempore: the clerk will report the title of the resolution. the clerk: house joint resolution 106, joint resolution making further continuing appropriations for fiscal year 2014 and for other purposes.

the speaker pro tempore: pursuant to the rule the gentleman from kentucky, mr. rogers, and the gentlelady from new york, ms.low wie, each will control 20 minutes. the chair recognizes the gentleman from kentucky. mr. rogers: i ask unanimous consent to a -- that all members have five legislative days to revise and extend their remarks and include extraneous material on h.j.res. 106. the speaker pro tempore: without objection. mr. rogers: i yield myself such time as i may consume. the speaker pro tempore: the gentleman is recognized. mr. rogers: this is a very, very short-term continuing resolution to keep the government open and operating until january 18. the continuing resolution that ended the government shutdown in october provided funding only until january 15, which is, of course, tomorrow. as you know, yesterday, i posted the full fiscal year 2014 omnibus to fund the

government for the rest of the year. we hope to pass this comprehensive legislation tomorrow and send it to the senate in short order. however, in order to allow for the senate and white house to process, pass, and sign the omnibus, we simply needed a little extra time for the senate to take up the matter and work it through their process. this legislation extends the deadline by three days and prevents a potential lapse in appropriations that would cause unnecessary problems for government operations. i ask that my colleagues vote yes on this necessary bill and i reserve. the speaker pro tempore: the gentleman's time is reserved. the gentlelady from new york. mrs. lowey: thank you, mr. speaker. i rise in support of this clean short-term continuing resolution to ensure uninterrupted government

services while we finish the omnibus bill. our work could not begin until passage of the murray-ryan budget agreement in december. the house and senate budget resolutions were nearly $92 billion apart. we had already suffered an unnecessary government shutdown. the december budget agreement passed with bipartisan support, gave the appropriations committee a workable number, and allowed bipartisan, bicameral negotiations to occur. and we haven't wasted a moment. our committee worked through the holidays to produce the fiscal year 2014 omnibus package. i'm delighted to report that it contains all 12 spending bills and detailed direction in all areas of discretionary spending. reaching agreement on all 12 bills was not easy, required a tremendous level of cooperation and compromise.

nobody got everything they wanted. last night, chairman rogers and chairwoman mccullskey released the text of the omnibus bill and members will now have two days to review the details before the house votes. unfortunately the current continuing resolution expires at midnight on wednesday to allow -- on wednesday. to allow time for senate consideration we must now consider the short-term interim extension. this will guarantee no lapse in funding while the legislative gears turn. it contains no policy provisions or other extraneous material. i support its quick passage. the speaker pro tempore: the gentleman from kentucky. mr. rogers: mr. speaker, if the gentlelady has no further speakers, i'm prepared to yield back. the speaker pro tempore: does the gentlelady have additional speakers?

mr. rogers: in which case -- the speaker pro tempore: does the gentlelady yield back her time. the gentlelady yields back. the gentleman from kentucky. mr. rogers: the gentleman yields as well. the speaker pro tempore: the question is will the house suspend the rules and agree to house joint resolution 106? those in favor say aye. those opposed, no. in the opinion of the chair 2/3 being in the affirmative, the rules are suspended, the joint resolution is agreed to. without objection, the motion to reconsider is laid on the table. pursuant to clause 8 of rule 20, proceedings will resume on questions previously postponed. votes will be taken in the following order motions to suspend the rules and pass h.r. 274 and h.r. 801 and approval of the journal. the first electronic vote will

be conducted as a 15-minute vote. remaining electronic votes will be conducted as a five-minute vote. the unfinished business is the vote on the motion of the gentleman from new jersey, mr. fair rhett, to pass h.r. 2274 as amended, on which the yeas and nays were recordered. the clerk will report the title. the clerk: h. reform 2274 a bill to amend the securities and exchange act of 1934 to provide for a notice filing procedure for brokers performing services in connection with transfers of ownership of smaller, privately held companies and provide for regulation appropriate to the limited scope of the activities of such brokers. the speaker pro tempore: the question is will the house suspend the rules and pass the bill as amended? members will record their votes by electronic device. this is a 15-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house

proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.]

the speaker pro tempore: on this vote, the yeas are 422, the nays are zero. 2/3 being in the affirmative, the rules are suspended, the bill is passed and without objection the motion to reconsider is laid on the table. without objection, the title amended. the unfinished business is the vote on the motion of the gentleman from new jersey, mr. garrett, suspend the rules and pass h.r. 801 on which the yeas and nays were order. the clerk will report the title of the bill.