FULL COMMITTEE ACTION
TAKEN ON THURSDAY, FEBRUARY 16, 1995

Prepared by the Commerce Committee Democratic Staff
H.R. 10: COMMON SENSE LEGAL REFORMS ACT OF 1995: Title II - SECURITIES LITIGATION REFORM ACT, was ORDERED FAVORABLY REPORTED, AMENDED, by a yea-nay vote: 32-10-3.

The following amendments were offered:

An amendment in the nature of a substitute by Mr. Fields, #1, was ADOPTED, as amended, by a yea-nay vote: 28-16-1;

An amendment by Mr. Dingell, #1A, re: definition of recklessness, was DEFEATED by a yea-nay vote: 18-27;

An amendment by Mr. Cox, #1B, re: definition of recklessness, was ADOPTED by a yea-nay vote: 31-12;

An amendment by Mr. Wyden, #1C, re: fraud detection and disclosure, was DEFEATED by a yea-nay vote: 18-23;

Two amendments offered en bloc by Mr. Tauzin, #1D, re: authority to award fees and expenses and scienter, were ADOPTED by a yea-nay vote: 32-13;

An amendment by Mr. Manton, #1E, re: fee shifting, was DEFEATED by a yea-nay vote: 20-25;

An amendment by Mr. Deutsch, #1F, re: reliance/fraud on the market, was DEFEATED by a yea-nay vote: 21-24;

An amendment by Mr. Tauzin, #1G, re: reliance/fraud on the market, was ADOPTED by a yea-nay vote: 30-15-1;

An amendment by Mr. Markey, #1H, re: aiding and abetting in SEC actions, was DEFEATED by a yea-nay vote: 19-25;

The Committee adjourned subject to the call of the Chair

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