To increase the statutory limit on the public debt only upon the certification by the President of the submission to the States for their ratification of the proposed amendment to the Constitution of the United States to balance the Federal Budget or limit Federal spending.

Bill: 113-hr-355
Sponsor: full_name: Rep. Crawford, Eric A. "Rick" [R-AR-1]
Introduced: 2013-01-23
Policy area: Economics and Public Finance
Subjects: Budget deficits and national debt

Constitution and constitutional amendments
Latest action: action_date: 2013-01-23
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2013-01-23
action_desc: Introduced in House
text: <p>Increases the current public debt limit from $14.294 trillion to $16.994 trillion after the President certifies and submits to the states for ratification a joint resolution entitled:</p> <ul> <li> &quot;Joint resolution proposing a balanced budget amendment to the U.S. Constitution,&quot;</li> <li>&quot;Joint resolution proposing a spending limit amendment to the U.S. Constitution,&quot; or </li> <li>&quot;Joint resolution proposing an amendment to the U.S. Constitution to restrict the power of Congress to enact legislation increasing any amount spent under entitlement programs or creating new entitlement programs.&quot;</li></ul>

tv_txt: I 113th CONGRESS 1st Session H. R. 355 IN THE HOUSE OF REPRESENTATIVES January 23, 2013 Mr. Crawford introduced the following bill; which was referred to the Committee on Ways and Means A BILL To increase the statutory limit on the public debt only upon the certification by the President of the submission to the States for their ratification of the proposed amendment to the Constitution of the United States to balance the Federal Budget or limit Federal spending.

1. Public debt limit extension Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting $16,994,000,000,000 upon the certification by the President of the submission to the States for their ratification of the proposed amendment to the Constitution of the United States described in section 2. 2. Effective date The amendment made by section 1 shall not take effect unless and until the date upon which the President certifies the Archivist of the United States has submitted to the States for their ratification a proposed amendment to the Constitution of the United States pursuant to a joint resolution entitled Joint resolution proposing a balanced budget amendment to the Constitution of the United States , Joint resolution proposing a spending limit amendment to the Constitution of the United States , or Joint resolution proposing an amendment to the Constitution of the United States to restrict the power of Congress to enact legislation increasing any amount spent under entitlement programs or creating new entitlement programs .