US Congress Senate Bill 2040 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 11-0)
Status: Introduced on January 26 2012 - 25% progression, died in committee
Action: 2012-01-26 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Budget Before Borrowing Act of 2012 - Amends the Congressional Budget Act of 1974 to make it out of order in both chambers to consider any bill or joint resolution, amendment, or conference report to increase or modify the public debt limit unless a concurrent resolution on the budget has been agreed to and is in effect for the fiscal year during which such measure is being considered. Permits: (1) waiver or suspension of such prohibition in either chamber only by an affirmative vote of two-thirds of its Members, and (2) its successful appeal from the ruling of the Chair in the Senate only by an affirmative vote of two-thirds of its Members.

Budget Before Borrowing Act of 2012

Sen. Mike Lee [R-UT]	Sen. Tom Coburn [R-OK]	Sen. Mike Crapo [R-ID]	Sen. Jim DeMint [R-SC]
Sen. Ron Johnson [R-WI]	Sen. Rand Paul [R-KY]	Sen. James Risch [R-ID]	Sen. Marco Rubio [R-FL]
Sen. John Thune [R-SD]	Sen. Pat Toomey [R-PA]	Sen. David Vitter [R-LA]

Date	Chamber	Action
2012-01-26	Senate	Read twice and referred to the Committee on Finance.

HB3778 (Related) 2012-01-18 - Referred to House Budget

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/2040/all-info
Text	https://www.congress.gov/112/bills/s2040/BILLS-112s2040is.pdf