What: All Issues : Government Checks on Corporate Power : Securities/Brokerage Industry : H J Res 1, H J Res 2. Continuing Resolutions/Vote Table (Kill) an Effort to Recommit to Committee Two Continuing Resolutions to Extend Government Funding at Previous Year's Level with Committee Instructions to Add Funding for Homeland Security Protections and the Securities and Exchange Commission. (2003 house Roll Call 10)
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H J Res 1, H J Res 2. Continuing Resolutions/Vote Table (Kill) an Effort to Recommit to Committee Two Continuing Resolutions to Extend Government Funding at Previous Year's Level with Committee Instructions to Add Funding for Homeland Security Protections and the Securities and Exchange Commission.
house Roll Call 10     Jan 08, 2003
Progressive Position:
Nay
Progressive Result:
Loss

The end of 2002 was marked by conflict over spending for 2003, with Republicans wanting to cut spending and Progressives--and Democrats generally--wanting to increase it. No agreement was reached, and Congress instead passed a series of stopgap measures (continuing resolutions, or CRs) to keep the government funded at the previous year's levels. Republicans increased their margin in the House and took back the Senate in the 2002 elections. Nevertheless, their strategy called for two more CRs. The first, and most immediately important, of these included a number of cuts that Progressives disliked. As a result, Obey (D-WI) moved to recommit the bill to a special committee, with instructions to add funding for the Securities and Exchange Commissionwhich regulates business corporations and Wall Street-and homeland security. The chair of the floor debate ruled that this motion was an inappropriate allocation of budget authority under the Budget Act of 1974. Frank (D-MA) appealed this ruling, but Gutknecht (R-MN) countered with a motion to table (kill) this appeal. Progressives supported higher spending, so they supported Obey's motion, opposed the ruling of the chair, supported Frank's appeal of that ruling, and opposed Gutknecht's motion to table the appeal. Support for Gutknecht's motion was high among Republicans, however, and the motion passed, 217-192, on an almost perfect party-line vote.

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