Fiscal Sanity Act for the National Debt

Bill: 113-hr-3270
Sponsor: full_name: Rep. Grayson, Alan [D-FL-9]
Introduced: 2013-10-05
Policy area: Economics and Public Finance
Subjects: Budget deficits and national debt
Latest action: action_date: 2013-10-05
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2013-10-05
action_desc: Introduced in House
text: <p>Fiscal Sanity Act for the National Debt - Makes the public debt limit inapplicable for a 365-day period beginning on the date of enactment of this Act.</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 3270 IN THE HOUSE OF REPRESENTATIVES October 5, 2013 Mr. Grayson introduced the following bill; which was referred to the Committee on Ways and Means A BILL Eliminating the debt ceiling for a period defined, and for other purposes.

1. Short title This Act may be cited as the Fiscal Sanity Act for the National Debt . 2. Nonapplicability of debt ceiling Section 3101(b) of title 31, United States Code, shall not apply for the period beginning on the date of the enactment of this Act and ending 365 days thereafter.