HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS FERNAND J. ST GERMAIN, Rhode Island, Chairman HENRY B. GONZALEZ, Texas STEPHEN L. NEAL, North Carolina NORMAN E. D'AMOURS, New Hampshire WILLIAM J. COYNE, Pennsylvania RICHARD H. LEHMAN, California JIM COOPER, Tennessee MARCY KAPTUR, Ohio BEN ERDREICH, Alabama SANDER M. LEVIN, Michigan CHALMERS P. WYLIE, Ohio STEWART B. MCKINNEY, Connecticut GEORGE HANSEN, Idaho JIM LEACH, Iowa RON PAUL, Texas ED BETHUNE, Arkansas NORMAN D. SHUMWAY, California STAN PARRIS, Virginia BILL MCCOLLUM, Florida GEORGE C. WORTLEY, New York MARGE ROUKEMA, New Jersey BILL LOWERY, California DOUG BEREUTER, Nebraska JOHN HILER, Indiana THOMAS J. RIDGE, Pennsylvania JACK EDWARDS, Alabama LETTER OF TRANSMITTAL AUGUST 1984. To: All members of the Committee on Banking, Finance and Urban Affairs. Transmitted herewith for the use of the Committee on Banking, Finance and Urban Affairs is a compilation of the provisions contained in Public Law 98-181, an act making supplemental appropriations for the fiscal year ending September 30, 1984, and for other purposes, that were added to this Appropriations Act by actions taken by the Senate Committee on Banking, Housing and Urban Affairs and House Committee on Banking, Finance and Urban Affairs, entitled "The Domestic Housing and International Recovery and Financial Stability Act." The congressional action on this legislation was an extraordinarily unique process for a major piece of legislation: the Senate did not take any floor action on the housing authorization portion of the legislation; there was no conference on the differing versions of the housing authorization bills; separate pieces of legislation dealing with the Export/Import Bank Act, authorization and appropriations for the International Monetary Fund, authorizations for multilateral banks, and legislation dealing with international lending supervision were added to this legislation. In addition the final congressional action taken on this legislation was of an expedited nature. The Senate added all of these provisions to a supplemental appropriations bill as an amendment to an amendment in technical disagreement to H.R. 3959. The House of Representatives approved the total package as part of the rule making in order the immediate consideration of H.R. 3959, the Supplemental Appropriations Act of 1984. There was less than an hour of floor debate on what was one of the most important and complicated pieces of legislation in the first session of the 98th Congress. Because of this unique process that we were forced to employ, I am publishing this compendium of the major documents regarding the many provisions of the Domestic Housing and International Recovery and Financial Stability Act so that an accurate legislative history can be available to the Members of Congress and the public. Sincerely, FERNAND J. ST GERMAIN, |