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HR 319 113th Congress House Economics and Public Finance Budget deficits and national debt Budget process Legislative rules and procedure

To amend the Congressional Budget Act of 1974 to provide for an expedited process for increasing the statutory limit on the public debt.

Introduced: January 18, 2013 Introduced by: Issa, Darrell Republican · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 18, 2013
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.
Jan 18, 2013
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Congressional Budget Act of 1974 to revise the contents of the concurrent resolution on the budget to include a heading entitled "Debt Increase as Measure of Deficit" to set forth the amounts by which the current $14.294 trillion public debt limit shall increase in each of such years.

Declares that, upon passage in the House of Representatives of the conference report on any concurrent budget resolution, it shall be immediately in order for the House to consider a privileged bill offered by the chairman of the Committee on the Budget amending the public debt limit at the level proposed under the "Debt Increase as Measure of Deficit" heading for the budget resolution's fiscal year. Limits to one hour any debate on the bill. Prohibits the measure from being amendable and a motion to commit from being in order.

Applies similar procedures for Senate consideration of the House passed bill.

Makes it out of order in the Senate to consider the bill before the passage of the conference report on the budget resolution for its fiscal year.

Increases the public debt limit from $14,294,000,000,000 to $17,072,810,000,000.

What's happening now January 18, 2013

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.

 Committees of jurisdiction 3