H. R. 319
IN THE HOUSE OF REPRESENTATIVES
January 18, 2013
Mr. Issa introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Rules and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned
To amend the Congressional Budget Act of 1974 to provide for an expedited process for increasing the statutory limit on the public debt.
Debt increase as measure of deficit
Content for the concurrent resolution on the budget
Section 301(a) of the Congressional Budget Act of 1974 is amended—
in paragraph (6),
; and and inserting a semicolon;
in paragraph (7),
by striking the period at the end and inserting
; and; and
by inserting after paragraph (7) the following new paragraph:
a heading entitled Debt Increase as Measure of Deficit which sets forth the amounts by which the public debt limit (in section 3101(b) of title 31 of the United States Code) shall increase in each of such years.
Section 301(b) of the Congressional Budget Act of 1974 is amended by striking paragraph (5) and redesignating the succeeding paragraphs accordingly.
Consideration of debt subject to limit
Section 305(a) of the Congressional Budget Act of 1974 is amended by redesignating paragraph (7) as paragraph (8) and by inserting after paragraph (6) the following new paragraph:
Upon passage in
the House of Representative of the conference report on any concurrent
resolution on the budget, it shall be immediately in order to consider a
privileged bill offered by the chairman of the Committee on the Budget amending
the debt subject to limit (in section 3101 of title 31 of the United States
Code) at the level proposed under the heading
Debt Increase as a Measure
of Deficit for the fiscal year of the concurrent resolution on the
budget. Debate on the bill shall be limited to not more than 1 hour. The bill
shall not be amendable and a motion to commit shall not be in
Section 305 of the Congressional Budget Act of 1974 is amended by inserting at the end the following new subsection:
Action on debt subject to limit
Except as provided in paragraph (2), the provisions of this section for the consideration of the conference report on any concurrent resolution shall also apply to the consideration in the Senate of a bill passed by the House of Representatives pursuant to subsection (a)(7).
It shall not be in order in the Senate to consider a bill pursuant to paragraph (1) before the passage of the conference report on the concurrent resolution on the budget for the fiscal year of the concurrent resolution on the budget.
Increase of debt subject to limit
3101(b) of title 31, United States Code, is amended by striking the dollar
limitation contained therein and inserting