vote on passage, when the joint resolution re-
ceived from the other house shall supplant the 
joint resolution of the receiving House. 
‘‘(2) TREATMENT
OF
JOINT
RESOLUTION
OF 
OTHER HOUSE.—If the Senate fails to introduce or 
consider a joint resolution under this section, the 
joint resolution of the House shall be entitled to ex-
pedited floor procedures under this section. 
‘‘(3) TREATMENT OF COMPANION MEASURES.— 
If, following passage of the joint resolution in the 
Senate, the Senate then receives the companion 
measure from the House of Representatives, the 
companion measure shall not be debatable. 
‘‘(4) CONSIDERATION AFTER PASSAGE.— 
‘‘(A) IN GENERAL.—If Congress passes a 
joint resolution, the period beginning on the 
date the President is presented with the joint 
resolution and ending on the date the President 
signs, allows to become law without the signa-
ture of the President, or vetoes and returns the 
joint resolution (but excluding days when either 
House is not in session) shall be disregarded in 
computing the appropriate calendar day period 
described in subsection (b)(1). 
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‘‘(B) DEBATE
ON
VETO
MESSAGE.—De-
bate on a veto message in the Senate under this 
section shall be 1 hour equally divided between 
the majority and minority leaders or their des-
ignees. 
‘‘(C) VETO OVERRIDE.—If, within the 30- 
calendar-day period described in subsection 
(b)(1), Congress overrides a veto of a joint reso-
lution, the limitation in effect under section 
3101(b) shall not be suspended. 
‘‘(g) RULES OF HOUSE OF REPRESENTATIVES AND 
SENATE.—This section and section 3101A are enacted by 
Congress— 
‘‘(1) as an exercise of the rulemaking power of 
the Senate and House of Representatives, respec-
tively, and as such it is deemed a part of the rules 
of each House, respectively, but applicable only with 
respect to the procedure to be followed in that 
House in the case of a joint resolution, and it super-
sedes other rules only to the extent that it is incon-
sistent with such rules; and 
‘‘(2) with full recognition of the constitutional 
right of either House to change the rules (so far as 
relating to the procedure of that House) at any time, 
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in the same manner, and to the same extent as in 
the case of any other rule of that House.’’. 
(b) CLERICAL AMENDMENT.—The table of sections 
of subchapter I of chapter 31 of title 31, United States 
Code, is amended by striking the item relating to section 
3101A and inserting the following: 
‘‘3101A. Modification of statutory limit on the public debt. 
‘‘3101B. Presidential modification of the debt ceiling.’’. 
SEC. 3. CONSIDERATION OF THE DEBT REDUCTION PRO-
POSAL SUBMITTED BY THE PRESIDENT. 
(a) IN GENERAL.—Part A of title IV of the Congres-
sional Budget and Impoundment Control Act of 1974 (2 
U.S.C. 651 et seq.) is amended by inserting after section 
406 the following: 
‘‘SEC. 407. CONSIDERATION OF THE DEBT REDUCTION PRO-
POSAL SUBMITTED BY THE PRESIDENT. 
‘‘(a) IN GENERAL.—Any debt reduction proposal 
submitted by the President under section 3101B(a)(2)(A) 
of title 31, United States Code, is required to satisfy the 
required ratio as determined by the Office of Management 
and Budget. 
‘‘(b) CONSIDERATION OF THE PRESIDENT’S PRO-
POSAL IN THE HOUSE OF REPRESENTATIVES.— 
‘‘(1) INTRODUCTION.—Any debt reduction pro-
posal submitted by the President under section 
3101B of title 31, United States Code, shall be in-
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troduced by the majority or minority leader of the 
House of Representatives or their designees. Upon 
introduction, the Chair of the Committee on the 
Budget shall within 3 days submit the proposal to 
the Congressional Budget Office to be scored. 
‘‘(2) REFERRAL.—Any proposal introduced 
under paragraph (1) shall be referred to the Com-
mittee on the Budget of the House of Representa-
tives. 
‘‘(3) REQUESTS BY BUDGET COMMITTEE.—Not 
later than 3 days after the date on which a proposal 
is referred under paragraph (2), the Chair of the 
Committee on the Budget of the House of Rep-
resentatives shall submit to each appropriate com-
mittee of the House a request that, during the 30- 
day period beginning on the date on which the re-
quest is made, the appropriate committee submit to 
the Committee on the Budget of the House— 
‘‘(A) a general assessment of the proposal 
introduced under paragraph (1); and 
‘‘(B)(i) any recommendations related to 
the proposal; or 
‘‘(ii) any alternative recommendation to re-
duce the deficit within the jurisdiction of the 
committee. 
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‘‘(4) REPORTED LEGISLATION BY BUDGET COM-
MITTEE.— 
‘‘(A) IN GENERAL.—The Committee on the 
Budget of the House of Representatives shall 
report a bill that meets the required ratio not 
later than 60 days after the date on which the 
President submits a debt reduction proposal 
under this section. 
‘‘(B) CONTENTS
OF
LEGISLATION.—The 
bill reported under subparagraph (A) may in-
clude— 
‘‘(i) the debt reduction proposal sub-
mitted by the President under this section; 
and 
‘‘(ii) any recommendations submitted 
to the Committee on the Budget of the 
House of Representatives under paragraph 
(3), including any modifications to such 
proposals by the Committee on the Budget 
of the House of Representatives. 
‘‘(C) CBO SCORE.— 
‘‘(i) IN GENERAL.—No bill may be re-
ported under subparagraph (A) unless the 
Chair of the Committee on the Budget— 
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‘‘(I) submits to the Director of 
the Congressional Budget Office such 
bill for a cost estimate to be prepared 
under section 402; and 
‘‘(II) receives from the Director a 
cost estimate described in subclause 
(I) that includes a statement that 
such bill meets the required ratio. 
‘‘(ii) TIME PERIOD.—The 60-day pe-
riod described in subparagraph (A) shall 
not include the period beginning on the 
date on which the Chair of the Committee 
on the Budget of the House of Representa-
tives submits to the Director of the Con-
gressional Budget Office the bill under 
clause (i)(I) and ending on the date on 
which the Chair receives the cost estimate 
under clause (i)(II). 
‘‘(5) DISCHARGE.— 
‘‘(A) IN GENERAL.—If the Committee on 
the Budget of the House of Representatives 
fails to report a bill within 60 days after the re-
ferral of the proposal submitted under section 
3101B of title 31, United States Code, and 
such proposal has been determined by the Di-
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rector to satisfy the required ratio, then the 
committee shall be discharged from further con-
sideration of the bill that embodies the debt re-
duction proposal of the President and it shall 
be referred to the appropriate calendar. 
‘‘(B) CONSIDERATION.—In the House of 
Representatives, if the Committee on Rules fails 
to report a rule within 7 legislative days of the 
bill being placed on the Calendar for the consid-
eration of a bill reported by the Committee on 
the Budget under paragraph (4) or discharged 
under subparagraph (A) of this paragraph 
which has been determined by the Director to 
satisfy the required ratio, then any Member 
may offer a privilege resolution providing for 
the consideration of the bill. Such resolution 
shall provide that upon its adoption it shall be 
in order to consider in the House of Represent-
atives the bill. The bill under the procedure set 
forth in section 408(c) shall be debatable for 
two hours equally divided and controlled by a 
proponent and opponent of thereof. The pre-
vious question shall be considered as ordered on 
the bill of final passage without intervening mo-
tion except 1 motion to recommit. 
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‘‘(i) a general assessment of the pro-
posal introduced under paragraph (1); and 
‘‘(ii)(I) any recommendations related 
to the proposal; or 
‘‘(II) any alternative recommendation 
to reduce the deficit within the jurisdiction 
of the committee. 
‘‘(B) OTHER PROPOSALS.—Any Member of 
the Senate may introduce a bill that meets the 
required ratio, as determined by the Congres-
sional Budget Office, which shall be referred to 
the Committee on the Budget of the Senate if 
the proposal is sponsored by not less than one- 
fifth of the Members, duly chosen and sworn, 
including— 
‘‘(i) not fewer than 10 Members who 
are members of or caucus with the mem-
bers of the political party of the majority 
leader of the Senate; and 
‘‘(ii) not fewer than 10 Members who 
are members of or caucus with any other 
political party that is not the political 
party of the majority leader of the Senate. 
‘‘(4) REPORTED LEGISLATION BY BUDGET COM-
MITTEE.— 
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‘‘(A) IN GENERAL.—The Committee on the 
Budget of the Senate shall report a bill that 
meets the required ratio not later than 60 days 
after the date on which the President submits 
a debt reduction proposal under this section. 
‘‘(B) CONTENTS
OF
LEGISLATION.—The 
bill reported under subparagraph (A) may in-
clude— 
‘‘(i) the debt reduction proposal sub-
mitted by the President under this section; 
and 
‘‘(ii) any proposal submitted to the 
Committee on the Budget of the Senate 
under paragraph (3), including any modi-
fications to such proposals by the Com-
mittee on the Budget of the Senate. 
‘‘(C) CBO SCORE.— 
‘‘(i) IN GENERAL.—No bill may be re-
ported under subparagraph (A) unless the 
Chair of the Committee on the Budget— 
‘‘(I) submits to the Director of 
the Congressional Budget Office such 
bill for a cost estimate to be prepared 
under section 402; and 
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‘‘(II) receives from the Director a 
cost estimate described in subclause 
(I) that includes a statement that 
such bill meets the required ratio. 
‘‘(ii) TIME PERIOD.—The 60-day pe-
riod described in subparagraph (A) shall 
not include the period beginning on the 
date on which the Chair of the Committee 
on the Budget of the Senate submits to the 
Director of the Congressional Budget Of-
fice the bill under clause (i)(I) and ending 
on the date on which the Chair receives the 
cost estimate under clause (i)(II). 
‘‘(5) DISCHARGE.—If the Committee on the 
Budget of the Senate has not reported a bill under 
paragraph (4) before the end of the 60-day period 
described in that paragraph, the Committee on the 
Budget of the Senate shall be automatically dis-
charged from further consideration of— 
‘‘(A) the proposal introduced under para-
graph (1), which shall be placed on the appro-
priate calendar; and 
‘‘(B) any proposal submitted under para-
graph (3)(B), which shall be placed on the ap-
propriate calendar. 
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‘‘(d) DEFINITION.—In this section and section 408, 
the term ‘required ratio’ means the ratio that reduces by 
not less than 5 percentage points the projected ratio under 
current law of debt held by the public to Gross Domestic 
Product in the tenth fiscal year after the current fiscal 
year. 
‘‘SEC. 408. CONSIDERATION IN THE HOUSE OF REPRESENT-
ATIVES OF ALTERNATIVE DEBT REDUCTION 
PROPOSALS. 
‘‘(a) INTRODUCTION.—In the House of Representa-
tives, any bill that satisfies the required ratio as deter-
mined by the Congressional Budget Office and does not 
contain any matter that is unrelated to debt reduction may 
be introduced by the majority leader, the minority leader, 
or by any other Member (if that Member’s proposed bill 
is cosponsored by at least 145 other Members or by at 
least 20 Members of the majority party and 20 Members 
of the minority party). 
‘‘(b) REFERRAL TO COMMITTEE ON RULES.—Any 
bill introduced under subsection (a) shall be referred to 
the Committee on Rules. Each such bill shall be scored 
by the Director of the Congressional Budget Office to de-
termine if such bill satisfies the required ratio. If such bill 
achieves the required ratio, it shall be reported without 
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amendment to the House for its consideration within 30 
calendar days of the date of introduction of the bill. 
‘‘(c) QUEEN-OF-THE-HILL RULE
FOR CONSIDER-
ATION.—In the House of Representatives, any bill de-
scribed in section 407 and any bill reported under sub-
section (b) shall be considered in the House of Representa-
tives pursuant to a special order of business if the text 
of the bill provides that the text of all such bills reported 
under subsection (b) may be offered as amendments in 
the nature of a substitute and if more than one such 
amendment is adopted then the one receiving the greater 
number of affirmative recorded votes shall be considered 
as finally adopted. 
‘‘SEC. 409. CONSIDERATION ON THE FLOOR OF THE SEN-
ATE. 
‘‘(a) IN GENERAL.—Notwithstanding Rule XXII of 
the Standing Rules of the Senate, it is in order, not later 
than 5 days of session after the date on which a bill meet-
ing the requirements of section 407(c)(4) is reported from 
the Committee on the Budget of the Senate or the date 
on which any proposal is placed on the calendar after dis-
charge under section 407(c)(5), as applicable, for the ma-
jority leader of the Senate or a Member of the Senate des-
ignated by the majority leader of the Senate to move to 
proceed to the consideration of the bill. It shall also be 
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in order, notwithstanding Rule XXII of the Standing 
Rules of the Senate, for any Member of the Senate to 
move to proceed to the consideration of the bill at any 
time after the conclusion of such 5-day period. A motion 
to proceed is in order even though a previous motion to 
the same effect has been disagreed to. All points of order 
against the motion to proceed to the bill are waived. The 
motion is not subject to a motion to postpone. A motion 
to reconsider the vote by which the motion is agreed to 
or disagreed to shall not be in order. Consideration of the 
motion to proceed shall be limited to not more than 10 
hours equally divided between the majority leader and the 
minority leader or their designees. A motion to proceed 
shall require an affirmative vote of three-fifths of Senators 
duly chosen and sworn. 
‘‘(b) EXTRANEOUS PROVISIONS.— 
‘‘(1) IN GENERAL.—When the Senate is consid-
ering a bill under subsection (a), upon a point of 
order being made by any Senator against a extra-
neous material contained in the joint resolution, and 
the point of order is sustained by the Chair, the pro-
vision that contains the extraneous material shall be 
stricken from the joint resolution. 
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