US SB1713 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on October 13 2011 - 25% progression, died in committee
Action: 2011-10-13 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 13 2011 - 25% progression, died in committee
Action: 2011-10-13 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
U.S.A. AAA Credit Restoration Act - Directs the Secretary of the Treasury, on the same day the President submits an annual budget proposal to Congress, to submit to Congress a message on the public debt limit. Requires the Secretary to: (1) include an estimate of the amount that the public debt limit will need to be increased, if necessary, for the next year based on estimates of federal revenues and mandatory and discretionary expenditures; and (2) publish in the Federal Register the amount of the debt limit necessary to accommodate such requirements. Allows the proposed debt limit increase to become law unless Congress disapproves. Sets forth an expedited process for congressional consideration of a joint resolution to disapprove of the Secretary's exercise of authority to increase the debt limit (thereby replacing the current procedure for increasing the debt limit under the congressional budget process).
Title
U.S.A. AAA Credit Restoration Act
Sponsors
Sen. Barbara Boxer [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2011-10-13 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
SB365 (Related) 2011-08-02 - Became Public Law No: 112-25.
SB627 (Related) 2011-08-01 - S.AMDT.593 Considered by Senate. (consideration: CR S5156)
SB627 (Related) 2011-08-01 - S.AMDT.593 Considered by Senate. (consideration: CR S5156)
Subjects
Administrative law and regulatory procedures
Budget deficits and national debt
Congressional oversight
Department of the Treasury
Economics and public finance
Legislative rules and procedure
Budget deficits and national debt
Congressional oversight
Department of the Treasury
Economics and public finance
Legislative rules and procedure
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/senate-bill/1713/all-info |
Text | https://www.congress.gov/112/bills/s1713/BILLS-112s1713is.pdf |