GovTrack’s Bill Summary
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H.R. 233: To amend chapter 31 of title 31, United States Code, to provide for an orderly process by which the debt ceiling is increased.
- Introduced:
- Jan 14, 2013 (113th Congress, 2013–2015)
- Sponsor:
- Rep. Michael “Mike” Honda [D-CA17]
- Status:
- Referred to Committee
The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.
- Summary
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No summaries available.
- Text
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Last updated Jan 14, 2013.
4 pages
- Primary Source
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View on THOMAS (The Library of Congress)
GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here.
- Citation
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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.
1/14/2013--Introduced.
Authorizes an extension of the presidential authority to modify the public debt ceiling (subject to enactment of a congressional joint resolution of disapproval).
Authorizes the Secretary of the Treasury to borrow an additional amount estimated to be sufficient to meet commitments for one year whenever the President certifies to Congress that the public debt subject to limit is within $100 billion of the $1.294 trillion limit and that further borrowing is required to meet existing commitments.
Prohibits the debt limit from being raised if, within 50 calendar days after Congress receives that certification, a joint resolution is enacted disapproving the President's exercise of authority with respect to such additional amount.
Applies current requirements for expedited consideration of the joint resolution in both houses, with certain exceptions including: the September 14, 2011, termination of the period making it in order in the Senate to consider such a joint resolution; the authorized $400 billion increase in the public debt allowed even though Congress overrides the President's veto of the joint resolution; and the required sequestration ($400 billion reduction in spending) if the President signs the joint resolution, allows it to become law without his signature, or Congress overrides a veto of it.
House Republican Conference Summary
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
No summary available.
House Democratic Caucus Summary
The House Democratic Caucus does not provide summaries of bills.
So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.
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The bill contains the following citations to other parts of U.S. law:
United States Code
The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)
- Other Citations
- 31 U.S.C. 3101B
- 31 U.S.C. 3101B(a)
Other Citations
- 31 U.S.C. Chapter 31