US HB3771 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on October 20 2015 - 25% progression, died in committee
Action: 2015-11-03 - Referred to the Subcommittee on the Constitution and Civil Justice.
Pending: House Subcommittee on the Constitution And Civil Justice Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 20 2015 - 25% progression, died in committee
Action: 2015-11-03 - Referred to the Subcommittee on the Constitution and Civil Justice.
Pending: House Subcommittee on the Constitution And Civil Justice Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Terms of Credit Act This bill establishes expedited legislative procedures for spending reduction legislation, limits regulatory activity, and increases the debt limit. Eleven House committees must submit to the House Budget Committee legislation to reduce direct spending by specified amounts, and Congress must consider the legislation using expedited procedures. The bill restricts legislative activities and adjournment of the House until the spending reduction legislation and appropriations legislation is passed. Congress must vote on a balanced budget amendment to the U.S. Constitution by December 31, 2015. Regulatory Freeze for Jobs Act of 2015 Until July 1, 2017, the bill imposes a moratorium on significant regulatory actions that are likely to result in an annual cost to the economy of at least $50 million or adversely affect the economy or a sector of the economy, productivity, competition, jobs, the environment, public health or safety, small entities, or state, local, or tribal governments or communities. Midnight Rule Relief Act of 2015 Agencies may not propose or finalize certain rules during the final months of a President's term. The bill includes an exception for repealing existing regulations and permits waivers for specified regulations. The bill also increases the debt limit to $19.6 trillion. (Under current law the debt limit is suspended through March 15, 2017, and will be increased on March 16, 2017, to accommodate obligations issued during the suspension period.)
Title
Terms of Credit Act
Sponsors
Rep. Bill Flores [R-TX] |
History
Date | Chamber | Action |
---|---|---|
2015-11-03 | House | Referred to the Subcommittee on the Constitution and Civil Justice. |
2015-10-20 | House | Referred to House Ways and Means |
2015-10-20 | House | Referred to House Judiciary |
2015-10-20 | House | Referred to House Oversight and Government Reform |
2015-10-20 | House | Referred to House Rules |
2015-10-20 | House | Referred to the Committee on Rules, and in addition to the Committees on Oversight and Government Reform, the Judiciary, and Ways and Means, 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. |
2015-10-20 | House | Introduced in House |
Subjects
Administrative law and regulatory procedures
Appropriations
Budget deficits and national debt
Budget process
Civil actions and liability
Congressional operations and organization
Constitution and constitutional amendments
Economic performance and conditions
Executive agency funding and structure
Government operations and politics
House of Representatives
Judicial review and appeals
Legislative rules and procedure
Small business
Appropriations
Budget deficits and national debt
Budget process
Civil actions and liability
Congressional operations and organization
Constitution and constitutional amendments
Economic performance and conditions
Executive agency funding and structure
Government operations and politics
House of Representatives
Judicial review and appeals
Legislative rules and procedure
Small business
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/3771/all-info |
Text | https://www.congress.gov/114/bills/hr3771/BILLS-114hr3771ih.pdf |