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[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 319 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 319

    To amend the Congressional Budget Act of 1974 to provide for an 
  expedited process for increasing the statutory limit on the public 
                                 debt.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            January 18, 2013

   Mr. Issa introduced the following bill; which was referred to the 
Committee on Ways and Means, and in addition to the Committees on Rules 
   and the Budget, 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

_______________________________________________________________________

                                 A BILL

 
    To amend the Congressional Budget Act of 1974 to provide for an 
  expedited process for increasing the statutory limit on the public 
                                 debt.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DEBT INCREASE AS MEASURE OF DEFICIT.

    (a) Content for the Concurrent Resolution on the Budget.--Section 
301(a) of the Congressional Budget Act of 1974 is amended--
            (1) in paragraph (6), by striking ``; and'' and inserting a 
        semicolon;
            (2) in paragraph (7), by striking the period at the end and 
        inserting ``; and''; and
            (3) by inserting after paragraph (7) the following new 
        paragraph:
            ``(8) a heading entitled `Debt Increase as Measure of 
        Deficit' which sets forth the amounts by which the public debt 
        limit (in section 3101(b) of title 31 of the United States 
        Code) shall increase in each of such years.''.
    (b) Conforming Amendment.--Section 301(b) of the Congressional 
Budget Act of 1974 is amended by striking paragraph (5) and 
redesignating the succeeding paragraphs accordingly.

SEC. 2. CONSIDERATION OF DEBT SUBJECT TO LIMIT.

    (a) Consideration.--Section 305(a) of the Congressional Budget Act 
of 1974 is amended by redesignating paragraph (7) as paragraph (8) and 
by inserting after paragraph (6) the following new paragraph:
            ``(7) Upon passage in the House of Representative of the 
        conference report on any concurrent resolution on the budget, 
        it shall be immediately in order to consider a privileged bill 
        offered by the chairman of the Committee on the Budget amending 
        the debt subject to limit (in section 3101 of title 31 of the 
        United States Code) at the level proposed under the heading 
        `Debt Increase as a Measure of Deficit' for the fiscal year of 
        the concurrent resolution on the budget. Debate on the bill 
        shall be limited to not more than 1 hour. The bill shall not be 
        amendable and a motion to commit shall not be in order.''.
    (b) Consideration.--Section 305 of the Congressional Budget Act of 
1974 is amended by inserting at the end the following new subsection:
    ``(e) Action on Debt Subject to Limit.--(1) Except as provided in 
paragraph (2), the provisions of this section for the consideration of 
the conference report on any concurrent resolution shall also apply to 
the consideration in the Senate of a bill passed by the House of 
Representatives pursuant to subsection (a)(7).
    ``(2) It shall not be in order in the Senate to consider a bill 
pursuant to paragraph (1) before the passage of the conference report 
on the concurrent resolution on the budget for the fiscal year of the 
concurrent resolution on the budget.''.

SEC. 3. INCREASE OF DEBT SUBJECT TO LIMIT.

    Section 3101(b) of title 31, United States Code, is amended by 
striking the dollar limitation contained therein and inserting 
``$17,072,810,000,000''.
                                 <all>
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