• 
• Convenes: 9:30amET July 11, 2012
• Following the prayer and pledge, the Senate will resume consideration of the motion to proceed to S.2237, the Small Business Jobs and Tax Relief Act, post-cloture.
• The first hour will be equally divided and controlled between the two Leaders or their designees with the Republicans controlling the first half and the Majority controlling the final half.
• We hope to begin consideration of S.2237 during Wednesday’s session. By unanimous consent, all time during morning business, adjournment and recess will count post-cloture on the motion to proceed to the bill.

All post-cloture debate time has been yielded back and the Senate adopted the motion to proceed to S.2237, the Small Business Jobs bill. Senator Reid offered the Reid for Landrieu amendment #2521 (substitute) and Reid amendment #2524 (text of H.R.9, Cantor bill), filled the so-called amendment tree, filed cloture on the new Landrieu substitute amendment and the underlying bill, and then moved to proceed to S.3364, a Stabenow bill to provide an incentive for businesses to bring jobs back to America.

He then asked consent to vitiate the cloture motions and that at 2:00pm tomorrow the Senate proceed to vote in relation to the Cantor language, the new substitute, and the underlying bill, as amended, if amended; Further, that the Senate proceed to a free standing bill to extend the 2001, 2003, and 2009 tax cuts for 98% of Americans and 96% of all small businesses as outlined by President Obama, that the only amendment in order be an amendment offered by Senator McConnell or designee, which is identical to the text of Hatch amendment #2491 (tax extension); and that upon the use or yielding back of 4 hours of debate, the Senate proceed to vote in relation to the McConnell amendment and on passage of the underlying bill, as amended, if amended.

Senator McConnell objected to the request.

Text of the unanimous consent request, brief summaries of the Cantor bill and the new substitute amendment, and the unofficial transcript of the Reid-McConnell exchange can be found below.

Unanimous Consent Request (McConnell objected)

Reid:   I ask unanimous consent that cloture be vitiated with respect to the substitute amendment and S.2237; that the motion to commit be withdrawn and amendment #s 2525 and 2522 be withdrawn; that at 2:00pm, Thursday, July 12^th, the Senate proceed to votes in relation to the following amendments:

– Amendment #2524 (Cantor language);

– Reid for Landrieu Substitute amendment #2521;

That there be no other amendments or motions in order to the amendments or the bill prior to the votes other than motions to waive or motions to table; that upon disposition of the two amendments, the Senate proceed to a vote on passage of S.2237, as amended, if amended.

Further, that at a time to be determined by the Majority Leader, after consultation with the Republican Leader, the Senate proceed to the consideration of a bill to be introduced by Senator Reid, or designee, extending the 2001, 2003 and 2009 tax cuts for 98% of Americans and 96% of all small businesses as outlined by President Obama; that the only amendment in order to the bill be an amendment offered by Senator McConnell, or designee, which is identical to the text of amendment #2491, as filed by Senator Hatch, that the amendment not be divisible; that there be 4 hours of debate on the amendment and the bill equally divided between the two Leaders, or their designees, prior to a vote in relation to the McConnell, or designee, amendment; that upon disposition of the amendment, the Senate proceed to vote on passage of the bill, as amended, if amended; that there be no motions or points of order to the amendment or the bill.

Amendment summaries

The Reid amendment #2524, (text of H.R.9) creates a temporary 20% deduction from taxable income for businesses with fewer than 500 employees.  Cost = $46 billion over ten years.

The Reid for Landrieu substitute amendment #2521:.

Landrieu (tax only):  extends five tax benefits for small businesses (Cost = $4.4 billion over ten years):

• 0% capital gains tax for certain small business stock
• Expanded carryback of credits to recover prior taxes
• Relief for corporations switching to Subchapter S corporations
• Expanded expensing for certain capital investments
• Higher deductions for start-up costs

In addition to several bipartisan measures aimed at strengthening the SBA, improving small business export promotion, and increasing transparency and oversight, Senator Landrieu’s amendment achieves the following:

Capital

• Small Business Investment Company Program – Expands the SBIC program authority from $3 billion to $4 billion and raises the amount funds under common control can borrow from $225 to $350.
• 504 Refinancing – Extends for one year the SBA’s authority to refinance short-term commercial real estate debt into long-term fixed rate loans.

Contracting

• Permanently increases the SBA surety bond guarantee from $2 million $5 million
• Creates parity in contracting by eliminating the caps on contracts awarded under the SBA’s women-owned business program and allows contracting officers to award sole source contracts to women-owned businesses.
• Provides additional tools for the SBA Inspector General to combat contracting fraud, a measure previously passed by Unanimous Consent in the Senate.

Counseling

• Reauthorizes the Small Business Development Center program at level funding through FY15.
• Reauthorizes the Women’s Business Center program through FY15.

As a result of Senator Reid filing cloture on the Reid for Landrieu amendment #2251 (substitute) and S.2237, Small Business Jobs, the filing deadline for first degree amendments to the substitute and underlying bill is 1:00pm tomorrow, Thursday, July 12.

Unless an agreement can be reached, the cloture vote would occur 1 hour after the Senate convenes on Friday, July 13.

WRAP UP

No ROLL CALL VOTES

LEGISLATIVE ITEMS

Passed H.R.3001, To award a Congressional Gold Medal to Raoul Wallenberg, in recognition of his achievements and heroic actions during the Holocaust.

Passed H.R.4155, the Veterans Skills to Jobs Act.

Completed the Rule 14 proceed of S.3369, the DISCLOSE Act of 2012. (Whitehouse and others)

———————————————————————————-

The next meeting is scheduled for 10:00 a.m. on July 11, 2012.

www.Houselive.gov

10:00:40 A.M.		The House convened, starting a new legislative day.
10:01:00 A.M.		MORNING-HOUR DEBATE – The House proceeded with Morning-Hour Debate. At the conclusion of Morning-Hour, the House will recess until 12:00 p.m. for the start of legislative business.
11:25:24 A.M.		The Speaker announced that the House do now recess. The next meeting is scheduled for 12:00 P.M. today.
12:00:17 P.M.		The House convened, returning from a recess continuing the legislative day of July 11.
12:00:32 P.M.		Today’s prayer was offered by Rabbi David Algaze, Havurat Yisrael Synagogue, Forest Hills, New York.
12:02:18 P.M.		The Speaker announced approval of the Journal.  Pursuant to clause 1, rule I, the Journal stands approved.
12:02:25 P.M.		PLEDGE OF ALLEGIANCE – The Chair designated Mr. Cohen to lead the Members in reciting the Pledge of Allegiance to the Flag.
12:02:46 P.M.		The Chair recognized Rep. Turner (NY) for the purpose of welcoming Rabbi David Algaze as the guest chaplain for today.
12:05:07 P.M.		ONE MINUTE SPEECHES – The House proceeded with one minute speeches which by direction of the Chair, would be limited to 15 per side of the aisle.
12:40:18 P.M.	H. Res. 726	Considered as privileged matter. H. Res. 726 — “Providing for consideration of the bill (H.R. 4402) to require the Secretary of the Interior and the Secretary of Agriculture to more efficiently develop domestic sources of the minerals and mineral materials of strategic and critical importance to United States economic and national security and manufacturing competitiveness.”
12:43:53 P.M.	H. Res. 726	DEBATE – The House proceeded with one hour of debate on H. Res. 726.
1:26:22 P.M.	H. Res. 726	The previous question was ordered without objection.
1:26:31 P.M.	H. Res. 726	POSTPONED PROCEEDINGS – The Chair put the question on adoption of H. Res. 726 and by voice vote, announced that the ayes had prevailed. Mr. Polis demanded the yeas and nays and the Chair postponed further proceedings on the question of adoption of the resolution until a time to be announced.
1:27:25 P.M.	H.R. 6079	Considered as unfinished business. H.R. 6079 — “To repeal the Patient Protection and Affordable Care Act and health care-related provisions in the Health Care and Education Reconciliation Act of 2010.”
1:27:32 P.M.	H.R. 6079	DEBATE – Pursuant to the provisions of H. Res. 724, the House proceeded with the remaining 30 minutes of debate controlled by the Majority Leader and the Minority Leader on H.R. 6079.
2:18:58 P.M.	H.R. 6079	The previous question was ordered pursuant to the rule.
2:19:26 P.M.	H.R. 6079	POSTPONED PROCEEDINGS – Pursuant to clause 1(c) of Rule 19, the Speaker postponed further proceedings on H.R. 6079.
2:19:58 P.M.		The Speaker announced that the House do now recess. The next meeting is subject to the call of the Chair.
3:00:55 P.M.		The House convened, returning from a recess continuing the legislative day of July 11.
3:01:07 P.M.	H.R. 6079	Considered as unfinished business. H.R. 6079 — “To repeal the Patient Protection and Affordable Care Act and health care-related provisions in the Health Care and Education Reconciliation Act of 2010.”
3:01:53 P.M.	H.R. 6079	Mr. Andrews moved to recommit with instructions to Energy and Commerce, Ways and Means, and Education and the Workforce.
3:02:13 P.M.	H.R. 6079	DEBATE – The House proceeded with 10 minutes of debate on the Andrews motion to recommit with instructions. 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 to the end of the bill, which states that any Member who votes for Repeal of the Affordable Care Act will be ineligible to participate in the Federal Employees Health Benefits Program, effective beginning the first month following enactment of the Act.
3:14:51 P.M.	H.R. 6079	The previous question on the motion to recommit with instructions was ordered without objection.
3:46:33 P.M.	H.R. 6079	On motion to recommit with instructions Failed by the Yeas and Nays: 180 – 248 (Roll no. 459).
3:54:17 P.M.	H.R. 6079	On passage Passed by recorded vote: 244 – 185 (Roll no. 460).
3:54:19 P.M.	H.R. 6079	Motion to reconsider laid on the table Agreed to without objection.
3:57:23 P.M.	H. Res. 726	Considered as unfinished business. H. Res. 726 — “Providing for consideration of the bill (H.R. 4402) to require the Secretary of the Interior and the Secretary of Agriculture to more efficiently develop domestic sources of the minerals and mineral materials of strategic and critical importance to United States economic and national security and manufacturing competitiveness.”
4:07:21 P.M.	H. Res. 726	On agreeing to the resolution Agreed to by the Yeas and Nays: 245 – 180 (Roll no. 461).
4:07:22 P.M.	H. Res. 726	Motion to reconsider laid on the table Agreed to without objection.
4:08:33 P.M.		Mr. Westmoreland asked unanimous consent that when the House adjourns today, it adjourn to meet at 9:00 a.m. on July 12. Agreed to without objection.
4:08:35 P.M.	H.R. 2181	CHANGE OF PRIMARY SPONSOR REQUEST – Mr. Butterfield asked unanimous consent that he be considered the primary sponsor of H.R. 2181 in lieu of the late Donald Payne from New Jersey. Agreed to without objection.
4:09:06 P.M.		ONE MINUTE SPEECHES – The House proceeded with further one minute speeches.
4:16:01 P.M.		The Speaker laid before the House a message from the President transmitting an Executive Order that modifies the scope of the national emergency declared in Executive Order 13047 of May 20, 1997 with respect to Burma – referred to the Committee on Foreign Affairs and ordered to be printed (H. Doc. 112-123).
4:20:16 P.M.		SPECIAL ORDER SPEECHES – The House has concluded all anticipated legislative business and has proceeded to Special Order speeches.