S. 3637 - A Bill to Temporarily Extend the Transaction Account Guarantee Program, and for Other Purposes.

Finance and financial sector. 112th Congress (2011-2012) View bill details
Sponsor:
Summary:
A bill to temporarily extend the transaction account guarantee program, and for other purposes. (by CRS) 
Status:
The bill has passed through committee and has been put on a legislative calendar. 
Amendments:
18 proposed amendments. View amendments 
There have been no votes on passage on this bill.
Other Votes:

A Bill to Temporarily Extend the Transaction Account Guarantee Program, and for Other Purposes.

S. 3637 — 112th Congress (2011–2012)

Summary
A bill to temporarily extend the transaction account guarantee program, and for other purposes. (by CRS)
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At OpenCongress
Title
A bill to temporarily extend the transaction account guarantee program, and for other purposes.
Other Titles
    Sponsor
    Harry Reid
    Co-Sponsors
      Subjects
      • Finance and financial sector
      • Bank accounts, deposits, capital
      • Banking and financial institutions regulation
      Related Bills
        Major Actions
        Introduced11/26/2012
        Referred to Committee
        Amendments (18 proposed)
        Bill History
        Chamber/CommitteeMotionDateResult
        select this voteSenateOn Cloture on the Motion to Proceed S. 363712/11/2012This motion PASSED the Senate
        76 voted YES 20 voted NO 4 voted present/not voting
        select this voteSenateOn the Motion (Motion to Waive All Applicable Budgetary Discipline Re: S.3637)12/13/2012This motion DID NOT PASS the Senate
        50 voted YES 42 voted NO 8 voted present/not voting
        ActionDateDescription
        Introduced11/26/2012
        11/26/2012Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
        Put on a legislative calendar11/27/2012Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 554.
        12/06/2012Motion to proceed to consideration of measure made in Senate.
        12/06/2012Cloture motion to the motion to proceed to the bill presented in Senate.
        12/11/2012Motion to proceed to measure considered in Senate.
        12/11/2012Motion to proceed to consideration of measure agreed to in Senate by Unanimous Consent.
        12/11/2012Measure laid before Senate by motion.
        12/11/2012Motion by Senator Reid to commit to Senate Committee on Banking, Housing, and Urban Affairs with instructions to report back forthwith with amendment SA 3316 made in Senate.
        12/11/2012Cloture motion on the bill presented in Senate.
        12/11/2012Amendment SA 3314 proposed by Senator Reid.
        12/11/2012Amendment SA 3315 proposed by Senator Reid to Amendment SA 3314.
        12/11/2012Amendment SA 3316 proposed by Senator Reid.
        12/11/2012Amendment SA 3317 proposed by Senator Reid to Amendment SA 3316.
        12/11/2012Amendment SA 3318 proposed by Senator Reid to Amendment SA 3317.
        select this voteVote12/11/2012On Cloture on the Motion to Proceed S. 3637
        12/13/2012Considered by Senate.
        12/13/2012Point of order that the measure violates section 302(f) of the CBA raised in Senate.
        12/13/2012Motion to waive all applicable budgetary discipline with respect to the measure made in Senate.
        12/13/2012The point of order was sustained.
        12/13/2012Cloture motion on the bill withdrawn by unanimous consent in Senate.
        12/13/2012Committed to Senate Committee on Banking, Housing, and Urban Affairs pursuant to Sec. 312(f) of the Congressional Budget Act.
        12/13/2012Motion by Senator Reid to commit to Senate Committee on Banking, Housing, and Urban Affairs with instructions to report back forthwith with amendment SA 3316 fell when the bill was committed in Senate.
        12/13/2012Considered by Senate.
        12/13/2012SA 3314 fell when the bill was committed.
        12/13/2012Considered by Senate.
        12/13/2012SA 3315 fell when SA 3314 fell.
        12/13/2012Considered by Senate.
        12/13/2012SA 3316 fell when the bill was committed.
        12/13/2012Considered by Senate.
        12/13/2012SA 3317 fell when SA 3316 fell.
        12/13/2012Considered by Senate.
        12/13/2012SA 3318 fell when SA 3317 fell.
        select this voteVote12/13/2012On the Motion (Motion to Waive All Applicable Budgetary Discipline Re: S.3637)
        NumberSponsorDate OfferedStatus
        S. Amdt. 3311Durbin, Richard [D-IL]December 10, 2012Offered on December 9, 2012.

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        S. Amdt. 3312Paul, Rand [R-KY]December 11, 2012Offered on December 10, 2012.

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        S. Amdt. 3313Vitter, David [R-LA]December 11, 2012Offered on December 10, 2012.

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        S. Amdt. 3314Reid, Harry [D-NV]December 11, 2012Offered on December 10, 2012.

        To change the enactment date.

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        S. Amdt. 3315Reid, Harry [D-NV]December 11, 2012Offered on December 10, 2012.

        Of a perfecting nature.

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        S. Amdt. 3316Reid, Harry [D-NV]December 11, 2012Offered on December 10, 2012.

        To change the enactment date.

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        S. Amdt. 3317Reid, Harry [D-NV]December 11, 2012Offered on December 10, 2012.

        Of a perfecting nature.

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        S. Amdt. 3318Reid, Harry [D-NV]December 11, 2012Offered on December 10, 2012.

        Of a perfecting nature.

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        S. Amdt. 3319Udall, Mark [D-CO]December 11, 2012Offered on December 10, 2012.

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        S. Amdt. 3320Toomey, Patrick [R-PA]December 11, 2012Offered on December 10, 2012.

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        S. Amdt. 3321Toomey, Patrick [R-PA]December 11, 2012Offered on December 10, 2012.

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        S. Amdt. 3322Corker, Bob [R-TN]December 11, 2012Offered on December 10, 2012.

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        S. Amdt. 3323Corker, Bob [R-TN]December 11, 2012Offered on December 10, 2012.

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        S. Amdt. 3324Corker, Bob [R-TN]December 11, 2012Offered on December 10, 2012.

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        S. Amdt. 3325Wicker, Roger [R-MS]December 11, 2012Offered on December 10, 2012.

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        S. Amdt. 3329Manchin, Joe [D-WV]December 12, 2012Offered on December 11, 2012.

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        S. Amdt. 3330Hagan, Kay [D-NC]December 12, 2012Offered on December 11, 2012.

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        S. Amdt. 3335Sanders, Bernard [I-VT]December 13, 2012Offered on December 12, 2012.

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        scale for bar graph of contributions

        Contributions

        1. January - February 2007 For $582,296 Against $58,600
        2. March - April 2007 For $1,004,082 Against $103,661
        3. May - June 2007 For $1,046,675 Against $138,551
        4. July - August 2007 For $597,603 Against $78,250
        5. September - October 2007 For $832,622 Against $95,450
        6. November - December 2007 For $955,851 Against $95,440
        7. January - February 2008 For $588,961 Against $90,911
        8. March - April 2008 For $910,700 Against $134,985
        9. May - June 2008 For $1,135,454 Against $214,821
        10. July - August 2008 For $742,052 Against $169,522
        11. September - October 2008 For $1,356,126 Against $383,272
        12. November - December 2008 For $471,294 Against $330,043
        13. January - February 2009 For $216,780 Against $50,198
        14. March - April 2009 For $345,783 Against $70,765
        15. May - June 2009 For $297,882 Against $181,943
        16. July - August 2009 For $256,157 Against $38,285
        17. September - October 2009 For $379,932 Against $59,410
        18. November - December 2009 For $341,560 Against $59,901
        19. January - February 2010 For $358,516 Against $245,750
        20. March - April 2010 For $504,455 Against $105,951
        21. May - June 2010 For $432,595 Against $111,866
        22. July - August 2010 For $358,325 Against $88,475
        23. September - October 2010 For $831,032 Against $214,926
        24. November - December 2010 For $324,716 Against $20,075
        25. January - February 2011 For $417,048 Against $36,100
        26. March - April 2011 For $1,002,158 Against $111,225
        27. May - June 2011 For $939,391 Against $85,545
        28. July - August 2011 For $519,532 Against $30,675
        29. September - October 2011 For $660,180 Against $89,570
        30. November - December 2011 For $695,080 Against $69,050
        31. January - February 2012 For $441,465 Against $60,013
        32. March - April 2012 For $800,261 Against $104,666
        33. May - June 2012 For $705,824 Against $81,647
        34. July - August 2012 For $529,524 Against $99,659
        35. September - October 2012 For $980,685 Against $242,111
        36. November - December 2012 For $249,132 Against $28,900

        Votes

        25 Organizations Supported and 4 Opposed; See Which Ones

        Organizations that took a position on
        A Bill to Temporarily Extend the Transaction Account Guarantee Program, and for Other Purposes.

        25 organizations supported this bill

        Agricultural Retailers Association
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        American Association of Crop Insurers
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        American Bankers Association
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        American Consumer Institute Center for Citizen Research
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        American Land Title Association
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        American Soybean Association
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        Conference of State Bank Supervisors
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        Food Marketing Institute
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        Independent Community Bankers of America
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        International Franchise Association
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        National Association for Moms in Business
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        National Association of Home Builders
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        National Association of Realtors
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        National Association of State Treasurers
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        National Association of Wheat Growers
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        National Bankers Association
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        National Black Chamber of Commerce
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        National Cattlemen's Beef Association
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        National Grocers Association
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        National League of Cities
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        Retail Industry Leaders Association
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        Small Business & Entrepreneurship Council
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        Small Business Legislative Council
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        USA Rice Federation
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.
        Women Impacting Public Policy
        undersigned organizations (2012, December 7). Support a Temporary Extension of TAG. Retrieved December 10, 2012, from ICBA.

        4 organizations opposed this bill

        Credit Union National Association
        Cheney, Bill (2012, December 3). CUNA Majority Leader Reid and Minority Leader McConnell. Retrieved December 10, 2012, from CUNA.
        FreedomWorks
        Kibbe, Matt (2012, December 11). Key Vote NO on Extending the Transaction Account Guarantee Program. Retrieved December 11, 2012, from FreedomWorks.
        Heritage Foundation
        Heritage Action (2012, December 11). "No" on S 3637, the Transaction Account Guarantee Two-Year Extension. Retrieved December 11, 2012, from Heritage Action.
        National Association of Federal Credit Unions
        Thaler, Brad (2012, December 6). Re: TAG Extension Must Include IOLTA Coverage for CUs and Member Business Lending. Retrieved December 10, 2012, from CU Insight.

        Need proof?

        View citations of support and opposition

        Includes reported contributions to congressional campaigns of Senators in office during the 112th U.S. Congress, from interest groups invested in the vote according to MapLight, January 1, 2007 – December 31, 2012.
        Contributions data source: OpenSecrets.org

        Contributions by Legislator

        Namesort iconPartyState$ From Interest Groups
        That Supported
        $ From Interest Groups
        That Opposed
        Daniel K. AkakaDHI$9,010$1,000
        Andrew Lamar AlexanderRTN$213,900$55,522
        Kelly AyotteRNH$152,376$91,016
        John BarrassoRWY$241,483$35,950
        Max BaucusDMT$474,692$16,200
        Mark BegichDAK$93,942$6,200
        Jesse "Jeff" BingamanDNM$15,000$0
        Barbara BoxerDCA$307,680$11,750
        Scott P. BrownRMA$851,502$625,608
        Sherrod BrownDOH$368,628$17,050
        Maria CantwellDWA$87,474$0
        Ben CardinDMD$189,668$1,000
        Tom CarperDDE$272,550$11,000
        Bob CaseyDPA$246,100$12,550
        Clarence Saxby ChamblissRGA$896,858$364,248
        Daniel CoatsRIN$181,900$52,350
        Tom CoburnROK$111,885$105,343
        William Thad CochranRMS$167,913$10,300
        Susan M. CollinsRME$288,804$78,300
        Gaylord Kent ConradDND$89,150$1,000
        Christopher A. CoonsDDE$129,800$7,750
        Bob CorkerRTN$681,203$92,930
        John CornynRTX$945,973$185,825
        Jim DeMintRSC$227,813$293,470
        Dick DurbinDIL$414,425$12,750
        Mike EnziRWY$127,065$10,000
        Dianne FeinsteinDCA$236,064$30,250
        Al FrankenDMN$169,282$2,550
        Kirsten E. GillibrandDNY$899,518$31,250
        Lindsey GrahamRSC$233,768$31,308
        Kay R. HaganDNC$251,955$6,000
        Tom HarkinDIA$326,582$5,000
        Orrin G. HatchRUT$353,066$47,900
        Dean HellerRNV$494,192$146,687
        Kay Bailey HutchisonRTX$122,750$42,050
        Jim InhofeROK$291,997$61,225
        Dan InouyeDHI$159,025$3,000
        Mike JohannsRNE$373,185$35,746
        Tim JohnsonDSD$465,164$23,000
        John F. KerryDMA$110,610$7,500
        Mark KirkRIL$645,265$253,400
        Amy KlobucharDMN$346,388$7,500
        Herb KohlDWI$0$0
        Jon KylRAZ$41,800$6,750
        Mary L. LandrieuDLA$365,989$19,600
        Frank R. LautenbergDNJ$229,956$6,000
        Carl LevinDMI$148,285$11,650
        Joe LiebermanICT$14,400$0
        Dick LugarRIN$249,413$22,800
        Joe Manchin, IIIDWV$273,200$16,000
        Claire McCaskillDMO$316,025$7,750
        Addison "Mitch" McConnellRKY$1,141,634$261,933
        Bob MenéndezDNJ$578,831$13,000
        Jeff MerkleyDOR$129,391$15,250
        Barbara A. MikulskiDMD$70,450$7,500
        Earl "Ben" NelsonDNE$240,972$14,000
        Clarence "Bill" NelsonDFL$289,752$24,500
        Mark L. PryorDAR$259,242$9,750
        John "Jack" ReedDRI$250,321$10,250
        Harry ReidDNV$537,847$51,800
        Jim RischRID$159,650$192,706
        Charles "Pat" RobertsRKS$621,649$103,899
        John "Jay" RockefellerDWV$145,100$2,500
        Bernie SandersIVT$24,340$10,000
        Jeff SessionsRAL$234,382$59,470
        Jeanne ShaheenDNH$116,852$10,000
        Olympia J. SnoweRME$151,876$44,300
        Debbie StabenowDMI$494,740$14,650
        Jon TesterDMT$484,005$34,250
        Mark UdallDCO$230,732$35,750
        Tom UdallDNM$222,971$1,500
        David VitterRLA$407,625$222,651
        Mark R. WarnerDVA$576,310$26,850
        Jim WebbDVA$-300$0
        Sheldon WhitehouseDRI$84,774$6,000
        Roger F. WickerRMS$453,910$83,675

        Add Data Filters:

        Legislator Filters
        Legislator Filters
        Show All
        NamePartyState$ From Interest Groups
        That Supported
        $ From Interest Groups
        That Opposed
        Daniel K. AkakaDHI$9,010$1,000
        Andrew Lamar AlexanderRTN$213,900$55,522
        Kelly AyotteRNH$152,376$91,016
        John BarrassoRWY$241,483$35,950
        Max BaucusDMT$474,692$16,200
        Mark BegichDAK$93,942$6,200
        Jesse "Jeff" BingamanDNM$15,000$0
        Barbara BoxerDCA$307,680$11,750
        Scott P. BrownRMA$851,502$625,608
        Sherrod BrownDOH$368,628$17,050
        Maria CantwellDWA$87,474$0
        Ben CardinDMD$189,668$1,000
        Tom CarperDDE$272,550$11,000
        Bob CaseyDPA$246,100$12,550
        Clarence Saxby ChamblissRGA$896,858$364,248
        Daniel CoatsRIN$181,900$52,350
        Tom CoburnROK$111,885$105,343
        William Thad CochranRMS$167,913$10,300
        Susan M. CollinsRME$288,804$78,300
        Gaylord Kent ConradDND$89,150$1,000
        Christopher A. CoonsDDE$129,800$7,750
        Bob CorkerRTN$681,203$92,930
        John CornynRTX$945,973$185,825
        Jim DeMintRSC$227,813$293,470
        Dick DurbinDIL$414,425$12,750
        Mike EnziRWY$127,065$10,000
        Dianne FeinsteinDCA$236,064$30,250
        Al FrankenDMN$169,282$2,550
        Kirsten E. GillibrandDNY$899,518$31,250
        Lindsey GrahamRSC$233,768$31,308
        Kay R. HaganDNC$251,955$6,000
        Tom HarkinDIA$326,582$5,000
        Orrin G. HatchRUT$353,066$47,900
        Dean HellerRNV$494,192$146,687
        Kay Bailey HutchisonRTX$122,750$42,050
        Jim InhofeROK$291,997$61,225
        Dan InouyeDHI$159,025$3,000
        Mike JohannsRNE$373,185$35,746
        Tim JohnsonDSD$465,164$23,000
        John F. KerryDMA$110,610$7,500
        Mark KirkRIL$645,265$253,400
        Amy KlobucharDMN$346,388$7,500
        Herb KohlDWI$0$0
        Jon KylRAZ$41,800$6,750
        Mary L. LandrieuDLA$365,989$19,600
        Frank R. LautenbergDNJ$229,956$6,000
        Carl LevinDMI$148,285$11,650
        Joe LiebermanICT$14,400$0
        Dick LugarRIN$249,413$22,800
        Joe Manchin, IIIDWV$273,200$16,000
        Claire McCaskillDMO$316,025$7,750
        Addison "Mitch" McConnellRKY$1,141,634$261,933
        Bob MenéndezDNJ$578,831$13,000
        Jeff MerkleyDOR$129,391$15,250
        Barbara A. MikulskiDMD$70,450$7,500
        Earl "Ben" NelsonDNE$240,972$14,000
        Clarence "Bill" NelsonDFL$289,752$24,500
        Mark L. PryorDAR$259,242$9,750
        John "Jack" ReedDRI$250,321$10,250
        Harry ReidDNV$537,847$51,800
        Jim RischRID$159,650$192,706
        Charles "Pat" RobertsRKS$621,649$103,899
        John "Jay" RockefellerDWV$145,100$2,500
        Bernie SandersIVT$24,340$10,000
        Jeff SessionsRAL$234,382$59,470
        Jeanne ShaheenDNH$116,852$10,000
        Olympia J. SnoweRME$151,876$44,300
        Debbie StabenowDMI$494,740$14,650
        Jon TesterDMT$484,005$34,250
        Mark UdallDCO$230,732$35,750
        Tom UdallDNM$222,971$1,500
        David VitterRLA$407,625$222,651
        Mark R. WarnerDVA$576,310$26,850
        Jim WebbDVA$-300$0
        Sheldon WhitehouseDRI$84,774$6,000
        Roger F. WickerRMS$453,910$83,675

        Interest Groups that supported this bill

        $ Donated
        Commercial banks & bank holding companies$8,211,956
        Real estate agents$4,655,339
        Residential construction$1,495,484
        Food stores$1,321,292
        Livestock$1,290,597
        Banks & lending institutions$1,134,536
        Agricultural services & related industries$959,364
        Agricultural chemicals (fertilizers & pesticides)$897,325
        Retail trade$670,071
        Other commodities (incl rice, peanuts, honey)$506,736
        Title insurance & title abstract offices$421,638
        Wheat, corn, soybeans and cash grain$380,347
        General business associations$293,700
        Small business associations$254,250
        Chambers of commerce$199,054
        Public official (elected or appointed)$120,040
        Municipal & county government organizations$0

        Interest Groups that opposed this bill

        $ Donated
        Republican/Conservative$3,260,855
        Credit unions$919,357
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