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S 2040 112th Congress Senate Economics and Public Finance Budget deficits and national debt Budget process Legislative rules and procedure

Budget Before Borrowing Act of 2012

Introduced: January 26, 2012 Introduced by: Lee, Mike Republican · Utah See on congress.gov
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 26, 2012
Read twice and referred to the Committee on Finance.
Jan 26, 2012
Introduced in Senate
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 Plain-English summary Congressional Research Service

Budget Before Borrowing Act of 2012 - Amends the Congressional Budget Act of 1974 to make it out of order in both chambers to consider any bill or joint resolution, amendment, or conference report to increase or modify the public debt limit unless a concurrent resolution on the budget has been agreed to and is in effect for the fiscal year during which such measure is being considered.

Permits: (1) waiver or suspension of such prohibition in either chamber only by an affirmative vote of two-thirds of its Members, and (2) its successful appeal from the ruling of the Chair in the Senate only by an affirmative vote of two-thirds of its Members.

What's happening now January 26, 2012

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 3778 Related bill Budget Before Borrowing Act of 2012
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Republican 5
R
Crapo, Mike
Idaho · Jan 26, 2012
 R
Johnson, Ron
Wisconsin · Jan 26, 2012
 R
Paul, Rand
Kentucky · Jan 26, 2012
 R
Risch, James E.
Idaho · Jan 26, 2012
 R
Thune, John
South Dakota · Jan 26, 2012
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2040: Budget Before Borrowing Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-S-2040/
MLA
"S. 2040: Budget Before Borrowing Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-2040/.
Bluebook (legal)
S. 2040, 112th Cong. (2026), https://openamerica.io/bill/112-S-2040/.
Markdown link
[S. 2040: Budget Before Borrowing Act of 2012](https://openamerica.io/bill/112-S-2040/)
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