S. 1713 (112th): U.S.A. AAA Credit Restoration Act

Introduced:
Oct 13, 2011 (112th Congress, 2011–2013)
Sponsor:
Sen. Barbara Boxer [D-CA]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as S. 57 on Jan 22, 2013. See S. 57 for current action on this subject.

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on October 13, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Oct 13, 2011
Referred to Committee Oct 13, 2011
Cosponsors
none
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to establish a timely and expeditious process for voting on the statutory debt limit.

Summary

No summaries available.

Text

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Last updated Oct 13, 2011.
11 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

10/13/2011--Introduced.
U.S.A. AAA Credit Restoration Act - Directs the Secretary of the Treasury, on the same day the President submits an annual budget proposal to Congress, to submit to Congress a message on the public debt limit.
Requires the Secretary to:
(1) include an estimate of the amount that the public debt limit will need to be increased, if necessary, for the next year based on estimates of federal revenues and mandatory and discretionary expenditures; and
(2) publish in the Federal Register the amount of the debt limit necessary to accommodate such requirements.
Allows the proposed debt limit increase to become law unless Congress disapproves.
Sets forth an expedited process for congressional consideration of a joint resolution to disapprove of the Secretary's exercise of authority to increase the debt limit (thereby replacing the current procedure for increasing the debt limit under the congressional budget process).

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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