US Congress House Bill 3835 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on October 27 2015 - 25% progression, died in committee
Action: 2015-10-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Protecting America's Solvency Act of 2015 This bill increases the statutory debt limit by $1 trillion after Congress adopts a balanced budget Constitutional amendment and by an additional $1 trillion after the amendment is ratified by the states. To comply with the requirements of this bill, the amendment must: prohibit total outlays for a year from exceeding receipts, excluding receipts derived from borrowing and outlays for repayment of debt principal; permit the deficit prohibition to be suspended by a majority of both houses of Congress in any year in which the United States is actively engaged in military conflict pursuant to a war declared by Congress or by a fourth-fifths vote in any other year; require the President to ensure that total outlays for a fiscal year do not exceed receipts and consider the failure to prevent a deficit to be an impeachable offense; permit any Member of Congress, governor, or attorney general to have standing and a cause of action to seek judicial enforcement of the amendment; prohibit the President, a court, or any state from ordering a tax increase or other revenue measures to enforce the requirements; and phase-in the requirements using a specified schedule of declining deficits.

Protecting America's Solvency Act of 2015

Rep. Mo Brooks [R-AL]

Date	Chamber	Action
2015-10-27	House	Referred to the House Committee on Ways and Means.
2015-10-27	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/3835/all-info
Text	https://www.congress.gov/114/bills/hr3835/BILLS-114hr3835ih.pdf