US HB233 | 2013-2014 | 113th Congress
Status
Sponsorship: Partisan Bill (Democrat 24)
Status: Introduced on January 14 2013 - 25% progression, died in committee
Action: 2013-01-14 - Referred to House Rules
Pending: House Rules Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 14 2013 - 25% progression, died in committee
Action: 2013-01-14 - Referred to House Rules
Pending: House Rules Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Authorizes an extension of the presidential authority to modify the public debt ceiling (subject to enactment of a congressional joint resolution of disapproval). Authorizes the Secretary of the Treasury to borrow an additional amount estimated to be sufficient to meet commitments for one year whenever the President certifies to Congress that the public debt subject to limit is within $100 billion of the $16.394 trillion limit and that further borrowing is required to meet existing commitments. Prohibits the debt limit from being raised if, within 50 calendar days after Congress receives that certification, a joint resolution is enacted disapproving the President's exercise of authority with respect to such additional amount. Applies current requirements for expedited consideration of the joint resolution in both houses, with certain exceptions including: the September 14, 2011, termination of the period making it in order in the Senate to consider such a joint resolution; the authorized $400 billion increase in the public debt allowed even though Congress overrides the President's veto of the joint resolution; and the required sequestration ($400 billion reduction in spending) if the President signs the joint resolution, allows it to become law without his signature, or Congress overrides a veto of it.
Title
To amend chapter 31 of title 31, United States Code, to provide for an orderly process by which the debt ceiling is increased.
Sponsors
| Rep. Michael Honda [D-CA] | Rep. Robert Brady [D-PA] | Rep. Matthew Cartwright [D-PA] | Rep. David Cicilline [D-RI] |
| Rep. Gerald Connolly [D-VA] | Rep. John Conyers [D-MI] | Rep. Jim Costa [D-CA] | Rep. Keith Ellison [D-MN] |
| Rep. Alcee Hastings [D-FL] | Rep. Ruben Hinojosa [D-TX] | Rep. Rush Holt [D-NJ] | Rep. Jared Huffman [D-CA] |
| Rep. Sheila Jackson-Lee [D-TX] | Rep. Rick Larsen [D-WA] | Rep. Barbara Lee [D-CA] | Rep. Zoe Lofgren [D-CA] |
| Rep. Alan Lowenthal [D-CA] | Rep. Jim McDermott [D-WA] | Rep. James McGovern [D-MA] | Rep. James Moran [D-VA] |
| Rep. Eleanor Norton [D-DC] | Rep. Chellie Pingree [D-ME] | Sen. Peter Welch [D-VT] | Rep. Frederica Wilson [D-FL] |
History
| Date | Chamber | Action |
|---|---|---|
| 2013-01-14 | House | Referred to House Rules |
| 2013-01-14 | House | Referred to House Ways and Means |
| 2013-01-14 | House | Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, 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. |
Same As/Similar To
HB3372 (Related) 2013-10-29 - Referred to House Rules
Subjects
Budget deficits and national debt
Budget process
Congressional oversight
Economics and public finance
Legislative rules and procedure
Presidents and presidential powers
Budget process
Congressional oversight
Economics and public finance
Legislative rules and procedure
Presidents and presidential powers
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/113th-congress/house-bill/233/all-info |
| Text | https://www.congress.gov/113/bills/hr233/BILLS-113hr233ih.pdf |
