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H.R. 2960 100th Congress House

A bill to temporarily increase the statutory limit on the public debt, to revise certain procedures set forth in the Balanced Budget and Emergency Deficit Control Act of 1985, to call for an economic…

Official title: A bill to temporarily increase the statutory limit on the public debt, to revise certain procedures set forth in the Balanced Budget and Emergency Deficit Cont… Show full official titleShow less

Official title: A bill to temporarily increase the statutory limit on the public debt, to revise certain procedures set forth in the Balanced Budget and Emergency Deficit Control Act of 1985, to call for an economic summit, and for other purposes.

Introduced: July 15, 1987 See on congress.gov
Economics and Public Finance Balanced budgetsBudget deficitsEconomic growthFederal budget process
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Federal budgetsGovernment Operations and PoliticsGovernment spending reductionsNational growth policyPublic debtWhite House conferences
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This bill died when the 100th Congress ended
It never became law before the 100th Congress (1987–1988) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 23, 1987
Referred to Subcommittee on Legislation and National Security.
Jul 15, 1987
Referred to House Committee on Ways and Means.
Jul 15, 1987
Referred to House Committee on Rules.
Jul 15, 1987
Referred to House Committee on Government Operations.
Jul 15, 1987
Introduced in House
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 Latest action July 23, 1987

Referred to Subcommittee on Legislation and National Security.

 Plain-English summary Congressional Research Service

Title I: Temporary Extension of Public Debt Limit - Increases the public debt limit (until September 30, 1987) to $2,358,000,000,000.

Title II: Budget Process Reform - Amends the Congressional Budget and Impoundment Control Act of 1974 to increase the permissible maximum deficit amounts for FY 1987 through 1990. Extends for one year the expiration date of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act).

Title III: Economic Summit - Expresses the sense of the Congress that the President, together with the bipartisan leadership of the Senate and House of Representatives, should convene a domestic economic summit conference to address the dangerous economic situation which is created by large deficits and the ineffectual budget process. Directs the conference to report its recommendations for solutions to budgetary issues and budget process reforms to the Congress and the President.

 Committees of jurisdiction 4
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APA
U.S. Congress. (2026). H.R. 2960: A bill to temporarily increase the statutory limit on the public debt, to revise certain procedures set forth in the Balanced Budget and Emergency Deficit Control Act of 1985, to call for an economic summit, and for other purposes.. 100th Congress. Open America. https://openamerica.io/bill/100-HR-2960/
MLA
"H.R. 2960: A bill to temporarily increase the statutory limit on the public debt, to revise certain procedures set forth in the Balanced Budget and Emergency Deficit Control Act of 1985, to call for an economic summit, and for other purposes.." 100th Congress, 2026, Open America, https://openamerica.io/bill/100-HR-2960/.
Bluebook (legal)
H.R. 2960, 100th Cong. (2026), https://openamerica.io/bill/100-HR-2960/.
Markdown link
[H.R. 2960: A bill to temporarily increase the statutory limit on the public debt, to revise certain procedures set forth in the Balanced Budget and Emergency Deficit Control Act of 1985, to call for an economic summit, and for other purposes.](https://openamerica.io/bill/100-HR-2960/)
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