S. 57: U.S.A. AAA Credit Restoration Act

Introduced:
Jan 22, 2013
Status:
Referred to Committee
Prognosis
0% chance of being enacted
Track this bill
Sponsor
Barbara Boxer
Junior Senator from California
Party
Democrat
Text
Read Text »
Last Updated
Jan 22, 2013
Length
11 pages
Related Bills
S. 1713 (112th) was a previous version of this bill.

Referred to Committee
Last Action: Oct 13, 2011

H.R. 3372 (Related)
Pay Our Bills Act

Referred to Committee
Last Action: Oct 29, 2013

 
Status

This bill was assigned to a congressional committee on January 22, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Progress
Introduced Jan 22, 2013
Referred to Committee Jan 22, 2013
Reported by Committee ...
Passed Senate ...
Passed House ...
Signed by the President ...
Prognosis

0% chance of getting past committee.
0% chance of being enacted.

Only 11% of bills made it past committee and only about 3% were enacted in 2011–2013. [show factors | methodology]

 
Full Title

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

Summary

No summaries available.

Cosponsors
none
Committees

Senate Finance

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

 
Primary Source

THOMAS.gov (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. Data comes via the congress project.

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


1/22/2013--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

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.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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