Us Congress 2025-2026 Regular Session

Us Congress House Bill HB1092 Compare Versions

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Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 1092
5	5	To amend title 31 of the United States Code and the Congressional Budget
6	6	Act of 1974 to automatically increase the debt limit for the fiscal year
7	7	of a budget resolution, and for other purposes.
8	8	IN THE HOUSE OF REPRESENTATIVES
9	9	FEBRUARY6, 2025
10	10	Mr. P
11	11	ETERS(for himself, Mr. HUIZENGA, Mr. PANETTA, and Mr. NUNNof
12	12	Iowa) introduced the following bill; which was referred to the Committee
13	13	on Rules, and in addition to the Committees on Ways and Means, and
14	14	the Budget, for a period to be subsequently determined by the Speaker,
15	15	in each case for consideration of such provisions as fall within the juris-
16	16	diction of the committee concerned
17	17	A BILL
18	18	To amend title 31 of the United States Code and the Con-
19	19	gressional Budget Act of 1974 to automatically increase
20	20	the debt limit for the fiscal year of a budget resolution,
21	21	and for other purposes.
22	22	Be it enacted by the Senate and House of Representa-1
23	23	tives of the United States of America in Congress assembled, 2
24	24	SECTION 1. SHORT TITLE. 3
25	25	This Act may be cited as the ‘‘Responsible Budgeting 4
26	26	Act’’. 5
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29	29	•HR 1092 IH
30	30	SEC. 2. PRESIDENTIAL REQUEST TO INCREASE THE DEBT 1
31	31	LIMIT. 2
32	32	(a) I
33	33	NGENERAL.—Title 31, United States Code, is 3
34	34	amended by striking section 3101A and inserting the fol-4
35	35	lowing: 5
36	36	‘‘§ 3101A. Modification of statutory limit on the public 6
37	37	debt 7
38	38	‘‘(a) I
39	39	NGENERAL.—Upon adoption by Congress of 8
40	40	a concurrent resolution on the budget under section 301 9
41	41	or 304 of the Congressional Budget Act of 1974 (2 U.S.C. 10
42	42	632, 634) that satisfies the required ratio, as determined 11
43	43	by the Congressional Budget Office, the Clerk of the 12
44	44	House of Representatives shall prepare an engrossment of 13
45	45	a joint resolution in the form prescribed in subsection (b) 14
46	46	increasing the statutory limit on the public debt to the 15
47	47	amount of debt subject to limit specified by such concur-16
48	48	rent resolution. Upon engrossment of the joint resolution, 17
49	49	the vote by which the concurrent resolution on the budget 18
50	50	was adopted by the House of Representatives shall also 19
51	51	be considered as a vote on passage of the joint resolution 20
52	52	in the House of Representatives, and the joint resolution 21
53	53	shall be considered as passed by the House of Representa-22
54	54	tives and duly certified and examined. The engrossed copy 23
55	55	shall be signed by the Clerk of the House of Representa-24
56	56	tives and transmitted to the Senate. Upon receipt of the 25
57	57	House of Representatives joint resolution in the Senate, 26
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60	60	•HR 1092 IH
61	61	the vote by which the concurrent resolution on the budget 1
62	62	was adopted in the Senate shall also be considered as a 2
63	63	vote on passage of the joint resolution in the Senate, and 3
64	64	the joint resolution shall be considered as passed by the 4
65	65	Senate, duly certified and examined, and transmitted to 5
66	66	the House of Representatives for enrollment. 6
67	67	‘‘(b) F
68	68	ORM OFJOINTRESOLUTION.—The form of the 7
69	69	joint resolution described in this subsection is a joint reso-8
70	70	lution— 9
71	71	‘‘(1) which does not have a preamble; 10
72	72	‘‘(2) the title of which is only as follows: ‘Joint 11
73	73	resolution increasing the debt limit, as prepared 12
74	74	under section 3101A of title 31, United States Code, 13
75	75	on llllll ’ (with the blank containing the 14
76	76	date on which the joint resolution is prepared); and 15
77	77	‘‘(3) the matter after the resolving clause which 16
78	78	is only as follows: ‘The limitation under section 17
79	79	3101(b) of title 31, United States Code, is increased 18
80	80	by $lll ’ (with the blank being filled with the 19
81	81	increase, expressed as a dollar amount, of the debt 20
82	82	subject to limit, as determined under subsection (c)). 21
83	83	‘‘(c) D
84	84	ETERMINATION.—The dollar amount under 22
85	85	subsection (b)(3) shall be equal to the amount necessary 23
86	86	to increase the total debt subject to limit on the date of 24
87	87	enactment of such joint resolution to the amount that such 25
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91	91	limit is estimated to be on the last day of the budget year 1
92	92	covered by the applicable concurrent resolution on the 2
93	93	budget. 3
94	94	‘‘(d) R
95	95	ULE OFCONSTRUCTION.—Nothing in this sec-4
96	96	tion shall be construed as limiting or otherwise affecting— 5
97	97	‘‘(1) the power of the House of Representatives 6
98	98	or the Senate to consider and pass bills or joint res-7
99	99	olutions, without regard to the procedures under 8
100	100	subsection (a), that would change the statutory limit 9
101	101	on the public debt; or 10
102	102	‘‘(2) the rights of Members, Delegates, the 11
103	103	Resident Commissioner, or committees with respect 12
104	104	to the introduction, consideration, and reporting of 13
105	105	such bills or joint resolutions. 14
106	106	‘‘(e) D
107	107	EFINITIONS.—In this section and section 15
108	108	3101B— 16
109	109	‘‘(1) the term ‘required ratio’ means the ratio 17
110	110	that reduces by not less than 5 percentage points 18
111	111	the projected ratio under current law of debt held by 19
112	112	the public to Gross Domestic Product in the tenth 20
113	113	fiscal year after the current fiscal year; and 21
114	114	‘‘(2) the term ‘statutory limit on the public 22
115	115	debt’ means the maximum face amount of obliga-23
116	116	tions issued under authority of this chapter and obli-24
117	117	gations guaranteed as to principal and interest by 25
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120	120	•HR 1092 IH
121	121	the United States (except such guaranteed obliga-1
122	122	tions as may be held by the Secretary of the Treas-2
123	123	ury), as determined under section 3101(b) after the 3
124	124	application of section 3101(a), that may be out-4
125	125	standing at any one time. 5
126	126	‘‘§ 3101B. Presidential modification of the debt ceil-6
127	127	ing 7
128	128	‘‘(a) I
129	129	NGENERAL.— 8
130	130	‘‘(1) W
131	131	RITTEN NOTIFICATION.—If, for a fiscal 9
132	132	year, Congress does not adopt a concurrent resolu-10
133	133	tion on the budget that satisfies the required ratio 11
134	134	by the covered date, the President may submit a 12
135	135	written notification to Congress, including a debt re-13
136	136	duction proposal with legislative language that satis-14
137	137	fies the required ratio, that the President is increas-15
138	138	ing the statutory limit on the public debt subject to 16
139	139	limit in section 3101(b) and that further borrowing 17
140	140	is required to meet existing commitments. 18
141	141	‘‘(2) E
142	142	FFECT OF NOTIFICATION.— 19
143	143	‘‘(A) I
144	144	N GENERAL.—Subject to subpara-20
145	145	graph (C), upon the submission of a written no-21
146	146	tification by the President under paragraph (1), 22
147	147	including a debt reduction proposal comprised 23
148	148	of legislative text that the Director of the Office 24
149	149	of Management and Budget has determined 25
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153	153	satisfies the required ratio, the statutory limit 1
154	154	on the public debt shall be increased by an 2
155	155	amount determined under subparagraph (D). 3
156	156	‘‘(B) E
157	157	FFECTIVE DATE.—Except as pro-4
158	158	vided in subparagraph (C), an increase of the 5
159	159	statutory limit on the public debt under sub-6
160	160	paragraph (A) shall take effect on the date that 7
161	161	is 30 calendar days after the date on which the 8
162	162	written notification is submitted by the Presi-9
163	163	dent under paragraph (1). 10
164	164	‘‘(C) L
165	165	IMITATION ON AUTHORITY .—The 11
166	166	statutory limit on the public debt shall not be 12
167	167	increased under this paragraph if, during the 13
168	168	30-calendar-day period beginning on the date 14
169	169	on which Congress receives a notification under 15
170	170	this paragraph, Congress enacts into law a joint 16
171	171	resolution of disapproval in accordance with 17
172	172	subsection (b). 18
173	173	‘‘(D) D
174	174	ETERMINATION OF INCREASE .— 19
175	175	The increase of the statutory limit on the public 20
176	176	debt under subparagraph (A) shall be equal to 21
177	177	the amount necessary to increase the total debt 22
178	178	subject to limit to the amount that such limit 23
179	179	is estimated to be on the last day of the first 24
180	180	fiscal year beginning after the covered date. 25
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183	183	•HR 1092 IH
184	184	The Office of Management and Budget shall 1
185	185	determine the amount of such increase using 2
186	186	baseline estimates provided by the Congres-3
187	187	sional Budget Office. 4
188	188	‘‘(3) C
189	189	OVERED DATE DEFINED .—For purposes 5
190	190	of paragraph (1), the term ‘covered date’ means the 6
191	191	earlier of— 7
192	192	‘‘(A) April 15 of the calendar year in 8
193	193	which the fiscal year of the applicable concur-9
194	194	rent resolution on the budget begins; or 10
195	195	‘‘(B) 60 days before the date on which the 11
196	196	statutory limit on the public debt will be 12
197	197	reached, as described in the congressional noti-13
198	198	fication submitted by the Secretary of the 14
199	199	Treasury. 15
200	200	‘‘(b) J
201	201	OINTRESOLUTION OFDISAPPROVAL.— 16
202	202	‘‘(1) I
203	203	N GENERAL.—If a joint resolution of dis-17
204	204	approval has not been enacted by the end of the 30- 18
205	205	calendar-day period beginning on the date on which 19
206	206	the presidential notification to which the joint reso-20
207	207	lution relates was received by Congress under sub-21
208	208	section (a), the statutory limit on public debt shall 22
209	209	be increased as specified in the presidential notifica-23
210	210	tion. 24
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214	214	‘‘(2) CONTENTS OF JOINT RESOLUTION .—For 1
215	215	the purpose of this section, the term ‘joint resolu-2
216	216	tion’ means only a joint resolution— 3
217	217	‘‘(A) that is introduced between the date 4
218	218	the written notification is received and 3 cal-5
219	219	endar days after that date (or if the House of 6
220	220	Representatives or Senate is not in session, the 7
221	221	next calendar date in which it is in session); 8
222	222	‘‘(B) which does not have a preamble; 9
223	223	‘‘(C) the title of which is only as follows: 10
224	224	‘Joint resolution relating to the disapproval of 11
225	225	the President’s exercise of authority to increase 12
226	226	the debt limit, as submitted under section 13
227	227	3101B(a) of title 31, United States Code, on 14
228	228	llllll ’ (with the blank containing the 15
229	229	date of such submission); and 16
230	230	‘‘(D) the matter after the resolving clause 17
231	231	of which is only as follows: ‘That Congress dis-18
232	232	approves of the President’s exercise of authority 19
233	233	to increase the debt limit, as exercised pursuant 20
234	234	to the written notification under section 21
235	235	3101B(a) of title 31, United States Code.’. 22
236	236	‘‘(c) E
237	237	XPEDITEDCONSIDERATION IN THE HOUSE OF 23
238	238	R
239	239	EPRESENTATIVES.— 24
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243	243	‘‘(1) RECONVENING.—Upon receipt of a written 1
244	244	notification described in subsection (a)(1), the 2
245	245	Speaker of the House of Representatives, if the 3
246	246	House of Representatives would otherwise be ad-4
247	247	journed, shall notify the Members of the House of 5
248	248	Representatives that, pursuant to this section, the 6
249	249	House of Representatives shall convene not later 7
250	250	than the second calendar day after receipt of such 8
251	251	written notification. 9
252	252	‘‘(2) R
253	253	EPORTING AND DISCHARGE .—A joint 10
254	254	resolution introduced under paragraph (1) shall be 11
255	255	referred to the Committee on Ways and Means of 12
256	256	the House of Representatives and such committee 13
257	257	shall report the joint resolution to the House of Rep-14
258	258	resentatives without amendment not later than 5 15
259	259	calendar days after the date on which the joint reso-16
260	260	lution is introduced. If the Committee on Ways and 17
261	261	Means fails to report the joint resolution within the 18
262	262	5-day period, the Committee on Ways and Means 19
263	263	shall be discharged from further consideration of the 20
264	264	joint resolution and it shall be referred to the appro-21
265	265	priate calendar. 22
266	266	‘‘(3) P
267	267	ROCEEDING TO CONSIDERATION .—Upon 23
268	268	report or discharge from the Committee on Ways 24
269	269	and Means of the House of Representatives, and not 25
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273	273	later than 6 days after the date on which the joint 1
274	274	resolution is introduced under paragraph (1), it shall 2
275	275	be in order to move to proceed to consider the joint 3
276	276	resolution in the House of Representatives. All 4
277	277	points of order against the motion are waived. Such 5
278	278	a motion shall not be in order after the House of 6
279	279	Representatives has disposed of a motion to proceed 7
280	280	on a joint resolution addressing a particular submis-8
281	281	sion. The previous question shall be considered as 9
282	282	ordered on the motion to its adoption without inter-10
283	283	vening motion. The motion shall not be debatable. A 11
284	284	motion to reconsider the vote by which the motion 12
285	285	is disposed of shall not be in order. 13
286	286	‘‘(4) C
287	287	ONSIDERATION.—The joint resolution 14
288	288	shall be considered as read. All points of order 15
289	289	against the joint resolution and against its consider-16
290	290	ation are waived. The previous question shall be con-17
291	291	sidered as ordered on the joint resolution to its pas-18
292	292	sage without intervening motion except two hours of 19
293	293	debate equally divided and controlled by the pro-20
294	294	ponent and an opponent. A motion to reconsider the 21
295	295	vote on passage of the joint resolution shall not be 22
296	296	in order. 23
297	297	‘‘(d) E
298	298	XPEDITEDPROCEDURE INSENATE.— 24
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302	302	‘‘(1) RECONVENING.—Upon receipt of a written 1
303	303	notification under subsection (a)(1), if the Senate 2
304	304	has adjourned or recessed for more than 2 days, the 3
305	305	majority leader of the Senate, after consultation 4
306	306	with the minority leader of the Senate, shall notify 5
307	307	the Members of the Senate that, pursuant to this 6
308	308	section, the Senate shall convene not later than the 7
309	309	second calendar day after receipt of such message. 8
310	310	‘‘(2) P
311	311	LACEMENT ON CALENDAR .—Upon intro-9
312	312	duction in the Senate, the joint resolution shall be 10
313	313	immediately placed on the calendar. 11
314	314	‘‘(3) F
315	315	LOOR CONSIDERATION.— 12
316	316	‘‘(A) I
317	317	N GENERAL.—Notwithstanding Rule 13
318	318	XXII of the Standing Rules of the Senate, it is 14
319	319	in order at any time during the period begin-15
320	320	ning on the day after the date on which Con-16
321	321	gress receives a written notification under sub-17
322	322	section (a) and ending on the sixth day after 18
323	323	the date on which Congress receives a written 19
324	324	notification under subsection (a) (even though a 20
325	325	previous motion to the same effect has been dis-21
326	326	agreed to) to move to proceed to the consider-22
327	327	ation of the joint resolution, and all points of 23
328	328	order against the joint resolution (and against 24
329	329	consideration of the joint resolution) are 25
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333	333	waived. The motion to proceed is not debatable. 1
334	334	The motion is not subject to a motion to post-2
335	335	pone. A motion to reconsider the vote by which 3
336	336	the motion is agreed to or disagreed to shall not 4
337	337	be in order. If a motion to proceed to the con-5
338	338	sideration of the resolution is agreed to, the 6
339	339	joint resolution shall remain the unfinished 7
340	340	business until disposed of. 8
341	341	‘‘(B) C
342	342	ONSIDERATION.—Consideration of 9
343	343	the joint resolution, and on all debatable mo-10
344	344	tions and appeals in connection therewith, shall 11
345	345	be limited to not more than 10 hours, which 12
346	346	shall be divided equally between the majority 13
347	347	and minority leaders or their designees. A mo-14
348	348	tion further to limit debate is in order and not 15
349	349	debatable. An amendment to, or a motion to 16
350	350	postpone, or a motion to proceed to the consid-17
351	351	eration of other business, or a motion to recom-18
352	352	mit the joint resolution is not in order. 19
353	353	‘‘(C) V
354	354	OTE ON PASSAGE .—If the Senate 20
355	355	has voted to proceed to a joint resolution, the 21
356	356	vote on passage of the joint resolution shall 22
357	357	occur immediately following the conclusion of 23
358	358	consideration of the joint resolution, and a sin-24
359	359	gle quorum call at the conclusion of the debate 25
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363	363	if requested in accordance with the rules of the 1
364	364	Senate. 2
365	365	‘‘(D) R
366	366	ULINGS OF THE CHAIR ON PROCE -3
367	367	DURE.—Appeals from the decisions of the Chair 4
368	368	relating to the application of the rules of the 5
369	369	Senate, as the case may be, to the procedure re-6
370	370	lating to a joint resolution shall be decided 7
371	371	without debate. 8
372	372	‘‘(e) A
373	373	MENDMENT NOT INORDER.—A joint resolu-9
374	374	tion of disapproval considered pursuant to this section 10
375	375	shall not be subject to amendment in either the House 11
376	376	of Representatives or the Senate. 12
377	377	‘‘(f) C
378	378	OORDINATION WITHACTION BY OTHER 13
379	379	H
380	380	OUSE.— 14
381	381	‘‘(1) I
382	382	N GENERAL.—If, before passing the joint 15
383	383	resolution, one House receives from the other a joint 16
384	384	resolution— 17
385	385	‘‘(A) the joint resolution of the other 18
386	386	House shall not be referred to a committee; and 19
387	387	‘‘(B) the procedure in the receiving house 20
388	388	shall be the same as if no joint resolution had 21
389	389	been received from the other house until the 22
390	390	vote on passage, when the joint resolution re-23
391	391	ceived from the other house shall supplant the 24
392	392	joint resolution of the receiving House. 25
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396	396	‘‘(2) TREATMENT OF JOINT RESOLUTION OF 1
397	397	OTHER HOUSE.—If the Senate fails to introduce or 2
398	398	consider a joint resolution under this section, the 3
399	399	joint resolution of the House shall be entitled to ex-4
400	400	pedited floor procedures under this section. 5
401	401	‘‘(3) T
402	402	REATMENT OF COMPANION MEASURES .— 6
403	403	If, following passage of the joint resolution in the 7
404	404	Senate, the Senate then receives the companion 8
405	405	measure from the House of Representatives, the 9
406	406	companion measure shall not be debatable. 10
407	407	‘‘(4) C
408	408	ONSIDERATION AFTER PASSAGE .— 11
409	409	‘‘(A) I
410	410	N GENERAL.—If Congress passes a 12
411	411	joint resolution, the period beginning on the 13
412	412	date the President is presented with the joint 14
413	413	resolution and ending on the date the President 15
414	414	signs, allows to become law without the signa-16
415	415	ture of the President, or vetoes and returns the 17
416	416	joint resolution (but excluding days when either 18
417	417	House is not in session) shall be disregarded in 19
418	418	computing the appropriate calendar day period 20
419	419	described in subsection (b)(1). 21
420	420	‘‘(B) D
421	421	EBATE ON VETO MESSAGE .—De-22
422	422	bate on a veto message in the Senate under this 23
423	423	section shall be 1 hour equally divided between 24
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426	426	•HR 1092 IH
427	427	the majority and minority leaders or their des-1
428	428	ignees. 2
429	429	‘‘(C) V
430	430	ETO OVERRIDE.—If, within the 30- 3
431	431	calendar-day period described in subsection 4
432	432	(b)(1), Congress overrides a veto of a joint reso-5
433	433	lution, the limitation in effect under section 6
434	434	3101(b) shall not be suspended. 7
435	435	‘‘(g) R
436	436	ULES OFHOUSE OFREPRESENTATIVES AND 8
437	437	S
438	438	ENATE.—This section and section 3101A are enacted by 9
439	439	Congress— 10
440	440	‘‘(1) as an exercise of the rulemaking power of 11
441	441	the Senate and House of Representatives, respec-12
442	442	tively, and as such it is deemed a part of the rules 13
443	443	of each House, respectively, but applicable only with 14
444	444	respect to the procedure to be followed in that 15
445	445	House in the case of a joint resolution, and it super-16
446	446	sedes other rules only to the extent that it is incon-17
447	447	sistent with such rules; and 18
448	448	‘‘(2) with full recognition of the constitutional 19
449	449	right of either House to change the rules (so far as 20
450	450	relating to the procedure of that House) at any time, 21
451	451	in the same manner, and to the same extent as in 22
452	452	the case of any other rule of that House.’’. 23
453	453	(b) C
454	454	LERICALAMENDMENT.—The table of sections 24
455	455	of subchapter I of chapter 31 of title 31, United States 25
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459	459	Code, is amended by striking the item relating to section 1
460	460	3101A and inserting the following: 2
461	461	‘‘3101A. Modification of statutory limit on the public debt.
462	462	‘‘3101B. Presidential modification of the debt ceiling.’’.
463	463	SEC. 3. CONSIDERATION OF THE DEBT REDUCTION PRO-
464	464	3
465	465	POSAL SUBMITTED BY THE PRESIDENT. 4
466	466	(a) I
467	467	NGENERAL.—Part A of title IV of the Congres-5
468	468	sional Budget and Impoundment Control Act of 1974 (2 6
469	469	U.S.C. 651 et seq.) is amended by inserting after section 7
470	470	406 the following: 8
471	471	‘‘SEC. 407. CONSIDERATION OF THE DEBT REDUCTION PRO-9
472	472	POSAL SUBMITTED BY THE PRESIDENT. 10
473	473	‘‘(a) I
474	474	NGENERAL.—Any debt reduction proposal 11
475	475	submitted by the President under section 3101B(a)(2)(A) 12
476	476	of title 31, United States Code, is required to satisfy the 13
477	477	required ratio as determined by the Office of Management 14
478	478	and Budget. 15
479	479	‘‘(b) C
480	480	ONSIDERATION OF THE PRESIDENT’SPRO-16
481	481	POSAL IN THEHOUSE OFREPRESENTATIVES.— 17
482	482	‘‘(1) I
483	483	NTRODUCTION.—Any debt reduction pro-18
484	484	posal submitted by the President under section 19
485	485	3101B of title 31, United States Code, shall be in-20
486	486	troduced by the majority or minority leader of the 21
487	487	House of Representatives or their designees. Upon 22
488	488	introduction, the Chair of the Committee on the 23
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491	491	•HR 1092 IH
492	492	Budget shall within 3 days submit the proposal to 1
493	493	the Congressional Budget Office to be scored. 2
494	494	‘‘(2) R
495	495	EFERRAL.—Any proposal introduced 3
496	496	under paragraph (1) shall be referred to the Com-4
497	497	mittee on the Budget of the House of Representa-5
498	498	tives. 6
499	499	‘‘(3) R
500	500	EQUESTS BY BUDGET COMMITTEE .—Not 7
501	501	later than 3 days after the date on which a proposal 8
502	502	is referred under paragraph (2), the Chair of the 9
503	503	Committee on the Budget of the House of Rep-10
504	504	resentatives shall submit to each appropriate com-11
505	505	mittee of the House a debt reduction target and a 12
506	506	request that, during the 30-day period beginning on 13
507	507	the date on which the request is made, the appro-14
508	508	priate committee submit to the Committee on the 15
509	509	Budget of the House— 16
510	510	‘‘(A) a general assessment of the proposal 17
511	511	introduced under paragraph (1); and 18
512	512	‘‘(B) a legislative proposal within the com-19
513	513	mittee’s jurisdiction that results in debt reduc-20
514	514	tion meeting or exceeding the target assigned to 21
515	515	the committee under this paragraph. 22
516	516	‘‘(4) R
517	517	EPORTED LEGISLATION BY BUDGET COM -23
518	518	MITTEE.— 24
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521	521	•HR 1092 IH
522	522	‘‘(A) IN GENERAL.—The Committee on the 1
523	523	Budget of the House of Representatives shall 2
524	524	report a bill that meets the required ratio not 3
525	525	later than 60 days after the date on which the 4
526	526	President submits a debt reduction proposal 5
527	527	under this section. 6
528	528	‘‘(B) C
529	529	ONTENTS OF LEGISLATION .—The 7
530	530	bill reported under subparagraph (A) may in-8
531	531	clude— 9
532	532	‘‘(i) the debt reduction proposal sub-10
533	533	mitted by the President under this section, 11
534	534	including any modifications to such pro-12
535	535	posal by the Committee on Budget of the 13
536	536	House of Representatives that are nec-14
537	537	essary to make it achieve the required 15
538	538	ratio; and 16
539	539	‘‘(ii) the compilation of proposals sub-17
540	540	mitted to the Committee on Budget of the 18
541	541	House of Representatives under paragraph 19
542	542	(3), including any modifications to such 20
543	543	package by such Committee that are nec-21
544	544	essary to make it achieve the required 22
545	545	ratio. 23
546	546	‘‘(C) CBO
547	547	SCORE.— 24
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550	550	•HR 1092 IH
551	551	‘‘(i) IN GENERAL.—No bill may be re-1
552	552	ported under subparagraph (A) unless the 2
553	553	Chair of the Committee on the Budget— 3
554	554	‘‘(I) submits to the Director of 4
555	555	the Congressional Budget Office such 5
556	556	bill for a cost estimate to be prepared 6
557	557	under section 402; and 7
558	558	‘‘(II) receives from the Director a 8
559	559	cost estimate described in subclause 9
560	560	(I) that includes a statement that 10
561	561	such bill meets the required ratio. 11
562	562	‘‘(ii) T
563	563	IME PERIOD.—The 60-day pe-12
564	564	riod described in subparagraph (A) shall 13
565	565	not include the period beginning on the 14
566	566	date on which the Chair of the Committee 15
567	567	on the Budget of the House of Representa-16
568	568	tives submits to the Director of the Con-17
569	569	gressional Budget Office the bill under 18
570	570	clause (i)(I) and ending on the date on 19
571	571	which the Chair receives the cost estimate 20
572	572	under clause (i)(II). 21
573	573	‘‘(5) D
574	574	ISCHARGE.— 22
575	575	‘‘(A) I
576	576	N GENERAL.—If the Committee on 23
577	577	the Budget of the House of Representatives 24
578	578	fails to report a bill within 60 days after the re-25
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581	581	•HR 1092 IH
582	582	ferral of the proposal submitted under section 1
583	583	3101B of title 31, United States Code, and 2
584	584	such proposal has been determined by the Di-3
585	585	rector to satisfy the required ratio, then the 4
586	586	committee shall be discharged from further con-5
587	587	sideration of the bill that embodies the debt re-6
588	588	duction proposal of the President and it shall 7
589	589	be referred to the appropriate calendar. 8
590	590	‘‘(B) C
591	591	ONSIDERATION.—In the House of 9
592	592	Representatives, if the Committee on Rules fails 10
593	593	to report a rule within 7 legislative days of the 11
594	594	bill being placed on the Calendar for the consid-12
595	595	eration of a bill reported by the Committee on 13
596	596	the Budget under paragraph (4) or discharged 14
597	597	under subparagraph (A) of this paragraph 15
598	598	which has been determined by the Director to 16
599	599	satisfy the required ratio, then any Member 17
600	600	may offer a privilege resolution providing for 18
601	601	the consideration of the bill. Such resolution 19
602	602	shall provide that upon its adoption it shall be 20
603	603	in order to consider in the House of Represent-21
604	604	atives the bill. The bill under the procedure set 22
605	605	forth in section 408(c) shall be debatable for 23
606	606	two hours equally divided and controlled by a 24
607	607	proponent and opponent of thereof. The pre-25
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610	610	•HR 1092 IH
611	611	vious question shall be considered as ordered on 1
612	612	the bill of final passage without intervening mo-2
613	613	tion except 1 motion to recommit. 3
614	614	‘‘(c) C
615	615	ONSIDERATION OF THE PRESIDENT’SPRO-4
616	616	POSAL IN THESENATE.— 5
617	617	‘‘(1) I
618	618	NTRODUCTION.—Any debt reduction pro-6
619	619	posal submitted by the President under section 7
620	620	3101B of title 31, United States Code, shall be in-8
621	621	troduced by the majority or minority leader of the 9
622	622	Senate or their designees. Upon introduction, the 10
623	623	Chair of the Committee on the Budget shall within 11
624	624	3 days submit the proposal to the Congressional 12
625	625	Budget Office to be scored. 13
626	626	‘‘(2) R
627	627	EFERRAL.—Any proposal introduced 14
628	628	under paragraph (1) shall be referred to the Com-15
629	629	mittee on the Budget of the Senate. 16
630	630	‘‘(3) R
631	631	EQUESTS BY BUDGET COMMITTEE .— 17
632	632	‘‘(A) A
633	633	PPROPRIATE COMMITTEES .—Not 18
634	634	later than 3 days after the date on which a pro-19
635	635	posal is referred under paragraph (2), the Chair 20
636	636	of the Committee on the Budget of the Senate 21
637	637	shall submit to each appropriate committee of 22
638	638	the Senate a debt reduction target and a re-23
639	639	quest that, during the 30-day period beginning 24
640	640	on the date on which the request is made, the 25
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643	643	•HR 1092 IH
644	644	appropriate committee submit to the Committee 1
645	645	on the Budget of the Senate— 2
646	646	‘‘(i) a general assessment of the pro-3
647	647	posal introduced under paragraph (1); and 4
648	648	‘‘(ii) a legislative proposal within the 5
649	649	committee’s jurisdiction that results in 6
650	650	debt reduction meeting or exceeding the 7
651	651	target assigned to the committee under 8
652	652	this subparagraph. 9
653	653	‘‘(B) O
654	654	THER PROPOSALS.—Any Member of 10
655	655	the Senate may introduce a bill that meets the 11
656	656	required ratio, as determined by the Congres-12
657	657	sional Budget Office, which shall be referred to 13
658	658	the Committee on the Budget of the Senate if 14
659	659	the proposal is sponsored by not less than one- 15
660	660	fifth of the Members, duly chosen and sworn, 16
661	661	including— 17
662	662	‘‘(i) not fewer than 10 Members who 18
663	663	are members of or caucus with the mem-19
664	664	bers of the political party of the majority 20
665	665	leader of the Senate; and 21
666	666	‘‘(ii) not fewer than 10 Members who 22
667	667	are members of or caucus with any other 23
668	668	political party that is not the political 24
669	669	party of the majority leader of the Senate. 25
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672	672	•HR 1092 IH
673	673	‘‘(4) REPORTED LEGISLATION BY BUDGET COM -1
674	674	MITTEE.— 2
675	675	‘‘(A) I
676	676	N GENERAL.—The Committee on the 3
677	677	Budget of the Senate shall report at least one 4
678	678	bill that meets the required ratio not later than 5
679	679	60 days after the date on which the President 6
680	680	submits a debt reduction proposal under this 7
681	681	section. 8
682	682	‘‘(B) C
683	683	ONTENTS OF LEGISLATION .—A bill 9
684	684	reported under subparagraph (A) may in-10
685	685	clude— 11
686	686	‘‘(i) the debt reduction proposal sub-12
687	687	mitted by the President under this sub-13
688	688	section, including any modifications to 14
689	689	such proposal by the Committee on Budget 15
690	690	of the Senate that are necessary to make 16
691	691	it achieve the required ratio; 17
692	692	‘‘(ii) the compilation of proposals sub-18
693	693	mitted to the Committee on Budget of the 19
694	694	Senate under subparagraph (3)(A), includ-20
695	695	ing any modifications to such package by 21
696	696	the Committee on Budget of the Senate 22
697	697	that are necessary to make it achieve the 23
698	698	required ratio; or 24
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701	701	•HR 1092 IH
702	702	‘‘(iii) any proposal submitted to the 1
703	703	Committee on Budget of the Senate under 2
704	704	subparagraph (3)(B). 3
705	705	‘‘(C) CBO
706	706	SCORE.— 4
707	707	‘‘(i) I
708	708	N GENERAL.—No bill may be re-5
709	709	ported under subparagraph (A) unless the 6
710	710	Chair of the Committee on the Budget— 7
711	711	‘‘(I) submits to the Director of 8
712	712	the Congressional Budget Office such 9
713	713	bill for a cost estimate to be prepared 10
714	714	under section 402; and 11
715	715	‘‘(II) receives from the Director a 12
716	716	cost estimate described in subclause 13
717	717	(I) that includes a statement that 14
718	718	such bill meets the required ratio. 15
719	719	‘‘(ii) T
720	720	IME PERIOD.—The 60-day pe-16
721	721	riod described in subparagraph (A) shall 17
722	722	not include the period beginning on the 18
723	723	date on which the Chair of the Committee 19
724	724	on the Budget of the Senate submits to the 20
725	725	Director of the Congressional Budget Of-21
726	726	fice the bill under clause (i)(I) and ending 22
727	727	on the date on which the Chair receives the 23
728	728	cost estimate under clause (i)(II). 24
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731	731	•HR 1092 IH
732	732	‘‘(5) DISCHARGE.—If the Committee on the 1
733	733	Budget of the Senate has not reported a bill under 2
734	734	paragraph (4) before the end of the 60-day period 3
735	735	described in that paragraph, the Committee on the 4
736	736	Budget of the Senate shall be automatically dis-5
737	737	charged from further consideration of— 6
738	738	‘‘(A) the proposal introduced under para-7
739	739	graph (1), which shall be placed on the appro-8
740	740	priate calendar; and 9
741	741	‘‘(B) any proposal submitted under para-10
742	742	graph (3)(B), which shall be placed on the ap-11
743	743	propriate calendar. 12
744	744	‘‘(d) D
745	745	EFINITION.—In this section and section 408, 13
746	746	the term ‘required ratio’ means the ratio that reduces by 14
747	747	not less than 5 percentage points the projected ratio under 15
748	748	current law of debt held by the public to Gross Domestic 16
749	749	Product in the tenth fiscal year after the current fiscal 17
750	750	year. 18
751	751	‘‘SEC. 408. CONSIDERATION IN THE HOUSE OF REPRESENT-19
752	752	ATIVES OF ALTERNATIVE DEBT REDUCTION 20
753	753	PROPOSALS. 21
754	754	‘‘(a) I
755	755	NTRODUCTION.—In the House of Representa-22
756	756	tives, any bill that satisfies the required ratio as deter-23
757	757	mined by the Congressional Budget Office and does not 24
758	758	contain any matter that is unrelated to debt reduction may 25
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761	761	•HR 1092 IH
762	762	be introduced by the majority leader, the minority leader, 1
763	763	or by any other Member (if that Member’s proposed bill 2
764	764	is cosponsored by at least 145 other Members or by at 3
765	765	least 20 Members of the majority party and 20 Members 4
766	766	of the minority party). 5
767	767	‘‘(b) R
768	768	EFERRAL TO COMMITTEE ON RULES.—Any 6
769	769	bill introduced under subsection (a) shall be referred to 7
770	770	the Committee on Rules. Each such bill shall be scored 8
771	771	by the Director of the Congressional Budget Office to de-9
772	772	termine if such bill satisfies the required ratio. If such bill 10
773	773	achieves the required ratio, it shall be reported without 11
774	774	amendment to the House for its consideration within 30 12
775	775	calendar days of the date of introduction of the bill. 13
776	776	‘‘(c) Q
777	777	UEEN-OF-THE-HILLRULE FORCONSIDER-14
778	778	ATION.—In the House of Representatives, any bill de-15
779	779	scribed in section 407 and any bill reported under sub-16
780	780	section (b) shall be considered in the House of Representa-17
781	781	tives pursuant to a special order of business if the text 18
782	782	of the bill provides that the text of all such bills reported 19
783	783	under subsection (b) may be offered as amendments in 20
784	784	the nature of a substitute and if more than one such 21
785	785	amendment is adopted then the one receiving the greater 22
786	786	number of affirmative recorded votes shall be considered 23
787	787	as finally adopted. 24
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790	790	•HR 1092 IH
791	791	‘‘SEC. 409. CONSIDERATION ON THE FLOOR OF THE SEN-1
792	792	ATE. 2
793	793	‘‘(a) I
794	794	NGENERAL.—Notwithstanding Rule XXII of 3
795	795	the Standing Rules of the Senate, it is in order, not later 4
796	796	than 5 days of session after the date on which a bill meet-5
797	797	ing the requirements of section 407(c)(4) is reported from 6
798	798	the Committee on the Budget of the Senate or the date 7
799	799	on which any proposal is placed on the calendar after dis-8
800	800	charge under section 407(c)(5), as applicable, for the ma-9
801	801	jority leader of the Senate or a Member of the Senate des-10
802	802	ignated by the majority leader of the Senate to move to 11
803	803	proceed to the consideration of the bill. It shall also be 12
804	804	in order, notwithstanding Rule XXII of the Standing 13
805	805	Rules of the Senate, for any Member of the Senate to 14
806	806	move to proceed to the consideration of the bill at any 15
807	807	time after the conclusion of such 5-day period. A motion 16
808	808	to proceed is in order even though a previous motion to 17
809	809	the same effect has been disagreed to. All points of order 18
810	810	against the motion to proceed to the bill are waived. The 19
811	811	motion is not subject to a motion to postpone. A motion 20
812	812	to reconsider the vote by which the motion is agreed to 21
813	813	or disagreed to shall not be in order. Consideration of the 22
814	814	motion to proceed shall be limited to not more than 10 23
815	815	hours equally divided between the majority leader and the 24
816	816	minority leader or their designees. A motion to proceed 25
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819	819	•HR 1092 IH
820	820	shall require an affirmative vote of three-fifths of Senators 1
821	821	duly chosen and sworn. 2
822	822	‘‘(b) E
823	823	XTRANEOUSPROVISIONS.— 3
824	824	‘‘(1) I
825	825	N GENERAL.—When the Senate is consid-4
826	826	ering a bill under subsection (a), upon a point of 5
827	827	order being made by any Senator against a extra-6
828	828	neous material contained in the joint resolution, and 7
829	829	the point of order is sustained by the Chair, the pro-8
830	830	vision that contains the extraneous material shall be 9
831	831	stricken from the joint resolution. 10
832	832	‘‘(2) E
833	833	XTRANEOUS MATERIAL DEFINED .—In 11
834	834	this subsection, the term ‘extraneous material’ 12
835	835	means— 13
836	836	‘‘(A) a provision that does not produce a 14
837	837	change in outlays or revenue, including changes 15
838	838	in outlays and revenues brought about by 16
839	839	changes in the terms and conditions under 17
840	840	which outlays are made or revenues are re-18
841	841	quired to be collected (but a provision in which 19
842	842	outlay decreases or revenue increases exactly 20
843	843	offset outlay increases or revenue decreases 21
844	844	shall not be considered extraneous by virtue of 22
845	845	this subparagraph); or 23
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848	848	•HR 1092 IH
849	849	‘‘(B) a provision producing changes in out-1
850	850	lays or revenues which are merely incidental to 2
851	851	the non-budgetary components of the provision. 3
852	852	‘‘(3) F
853	853	ORM OF THE POINT OF ORDER .—A point 4
854	854	of order under paragraph (1) may be raised by a 5
855	855	Senator as provided in section 313(e) of the Con-6
856	856	gressional Budget Act of 1974 (2 U.S.C. 644(e)). 7
857	857	‘‘SEC. 410. CONSIDERATION BY OTHER HOUSE. 8
858	858	‘‘If a House of Congress receives a bill passed by the 9
859	859	other House under section 408 or 409 and has not yet 10
860	860	passed a bill under section 408 or 409, the following pro-11
861	861	cedures for consideration shall apply: 12
862	862	‘‘(1) E
863	863	XPEDITED CONSIDERATION IN THE 13
864	864	HOUSE OF REPRESENTATIVES .— 14
865	865	‘‘(A) P
866	866	ROCEEDING TO CONSIDERATION .— 15
867	867	‘‘(i) I
868	868	N GENERAL.—It shall be in 16
869	869	order, not later than 30 days after the 17
870	870	date on which the House of Representa-18
871	871	tives receives a bill passed by the Senate 19
872	872	under section 409, to move to proceed to 20
873	873	consider the bill in the House of Rep-21
874	874	resentatives. 22
875	875	‘‘(ii) P
876	876	ROCEDURE.—For a motion to 23
877	877	proceed to consider a bill under this sub-24
878	878	paragraph— 25
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881	881	•HR 1092 IH
882	882	‘‘(I) all points of order against 1
883	883	the motion are waived; 2
884	884	‘‘(II) such a motion shall not be 3
885	885	in order after the House of Represent-4
886	886	atives has disposed of a motion to 5
887	887	proceed on the bill; 6
888	888	‘‘(III) the previous question shall 7
889	889	be considered as ordered on the mo-8
890	890	tion to its adoption without inter-9
891	891	vening motion; 10
892	892	‘‘(IV) the motion shall not be de-11
893	893	batable; and 12
894	894	‘‘(V) a motion to reconsider the 13
895	895	vote by which the motion is disposed 14
896	896	of shall not be in order. 15
897	897	‘‘(B) C
898	898	ONSIDERATION.—If the House of 16
899	899	Representatives proceeds to consideration of a 17
900	900	bill under this paragraph— 18
901	901	‘‘(i) the bill shall be considered as 19
902	902	read; 20
903	903	‘‘(ii) all points of order against the 21
904	904	bill and against its consideration are 22
905	905	waived; 23
906	906	‘‘(iii) the previous question shall be 24
907	907	considered as ordered on the bill to its pas-25
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910	910	•HR 1092 IH
911	911	sage without intervening motion except 1
912	912	three hours of debate equally divided and 2
913	913	controlled by the proponent and an oppo-3
914	914	nent; 4
915	915	‘‘(iv) an amendment to the bill shall 5
916	916	not be in order; and 6
917	917	‘‘(v) a motion to reconsider the vote 7
918	918	on passage of the bill shall not be in order. 8
919	919	‘‘(2) E
920	920	XPEDITED CONSIDERATION IN THE SEN -9
921	921	ATE.— 10
922	922	‘‘(A) P
923	923	ROCEEDING TO CONSIDERATION .— 11
924	924	‘‘(i) I
925	925	N GENERAL.—Notwithstanding 12
926	926	rule XXII of the Standing Rules of the 13
927	927	Senate, it is in order, not later than 30 14
928	928	days after the date on which the Senate re-15
929	929	ceives a bill passed under section 408 by 16
930	930	the House of Representatives, to move to 17
931	931	proceed to consider the bill in the Senate. 18
932	932	‘‘(ii) P
933	933	ROCEDURE.—For a motion to 19
934	934	proceed to the consideration of a bill under 20
935	935	this paragraph— 21
936	936	‘‘(I) all points of order against 22
937	937	the motion are waived; 23
938	938	‘‘(II) the motion is not debatable; 24
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941	941	•HR 1092 IH
942	942	‘‘(III) the motion is not subject 1
943	943	to a motion to postpone; 2
944	944	‘‘(IV) a motion to reconsider the 3
945	945	vote by which the motion is agreed to 4
946	946	or disagreed to shall not be in order; 5
947	947	and 6
948	948	‘‘(V) if the motion is agreed to, 7
949	949	the bill shall remain the unfinished 8
950	950	business until disposed of. 9
951	951	‘‘(B) F
952	952	LOOR CONSIDERATION GEN -10
953	953	ERALLY.—If the Senate proceeds to consider-11
954	954	ation of a bill under this paragraph— 12
955	955	‘‘(i) all points of order against the bill 13
956	956	(and against consideration of the bill) are 14
957	957	waived; 15
958	958	‘‘(ii) consideration of the bill, and all 16
959	959	debatable motions and appeals in connec-17
960	960	tion therewith, shall be limited to not more 18
961	961	than 20 hours, which shall be divided 19
962	962	equally between the majority and minority 20
963	963	leaders or their designees; 21
964	964	‘‘(iii) a motion further to limit debate 22
965	965	is in order and not debatable; 23
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968	968	•HR 1092 IH
969	969	‘‘(iv) an amendment to, a motion to 1
970	970	postpone, or a motion to recommit the bill 2
971	971	is not in order; and 3
972	972	‘‘(v) a motion to proceed to the con-4
973	973	sideration of other business is not in order. 5
974	974	‘‘(C) V
975	975	OTE ON PASSAGE .—The vote on 6
976	976	passage of a bill under this paragraph shall 7
977	977	occur immediately following the conclusion of 8
978	978	the consideration of the bill, and a single 9
979	979	quorum call at the conclusion of the debate if 10
980	980	requested in accordance with the rules of the 11
981	981	Senate, and shall require an affirmative vote of 12
982	982	three-fifths of the Members of the Senate duly 13
983	983	chosen and sworn. 14
984	984	‘‘(3) C
985	985	ONFERENCES.—If the Senate and the 15
986	986	House of Representatives have both passed the bill 16
987	987	in different forms, then a conference committee on 17
988	988	the bill shall be considered as ordered and the 18
989	989	Speaker of the House of Representatives and the 19
990	990	majority leader of the Senate shall immediately ap-20
991	991	point Managers to such conference committee to re-21
992	992	solve any disagreement between the Houses.’’. 22
993	993	(b) C
994	994	LERICALAMENDMENT.—The table of contents 23
995	995	in section 1(b) of the Congressional Budget and Impound-24
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998	998	•HR 1092 IH
999	999	ment Control Act of 1974 is amended by inserting after 1
1000	1000	the item relating to section 406 the following: 2
1001	1001	‘‘Sec. 407. Consideration of the debt reduction proposal submitted by the Presi-
1002	1002	dent.
1003	1003	‘‘Sec. 408. Consideration in the House of Representatives of alternative debt re-
1004	1004	duction proposals.
1005	1005	‘‘Sec. 409. Consideration on the floor of the Senate.
1006	1006	‘‘Sec. 410. Consideration by other house.’’.
1007	1007	Æ
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