Summary

1/14/2013--Introduced.Authorizes an extension of the presidential authority to modify the public debt ceiling (subject to enactment of a congressional joint resolution of disapproval). Authorizes the Secretary of the... Read More

Status

This bill was introduced on Jan 14, 2013, in a previous session of Congress, but was not passed.

Bill Text

A BILL

To amend chapter 31 of title 31, United States Code, to provide for an orderly process by which the debt ceiling is increased.

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

SECTION 1. EXTENSION OF PRESIDENTIAL MODIFICATION OF THE DEBT CEILING.

(a) In General.--Chapter 31 of title 31, United States Code, is amended by inserting after section 3101A the following new section: ``Sec. 3101B. Extension of presidential modification of the debt ceiling ``(a) Extension of Debt Limit.--Whenever the President submits a written certification to Congress that the President has determined that the debt subject to limit is within $100,000,000,000 of the limit in section 3101(b) and that further borrowing is required to meet existing commitments, the Secretary of the Treasury may exercise authority to borrow an additional amount that the Secretary estimates is sufficient to meet commitments for one year, subject to the enactment of a joint resolution of disapproval enacted pursuant to this section. The written certification shall also contain the amount that the Secretary so estimates is sufficient. ``(b) Joint Resolution of Disapproval.-- ``(1) In general.--The debt limit may not be raised under this section if, within 50 calendar days after the date on which Congress receives a certification described in subsection (a), there is enacted into law a joint resolution disapproving the President's exercise of authority with respect to such additional amount. ``(2) Contents of joint resolution.--For the purpose of this section, the term...

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Sentiment Map

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Nation

35 Supporting
225 Opposing
13% 87%

State: CA

5 Supporting
14 Opposing
26% 74%

District: 1st

1 Supporting
0 Opposing
100% 0%

Popularity Trend

Organizations Supporting

No organizations supporting yet.

Organizations Opposing

No organizations opposing yet.

Users Supporting

I support H.R. 233 ("To amend chapter 31 of title 31, United States Code, to provide for an orderly") because...We really need to pay our debts. The time to curb spending is in voting on the budget and appropriations to pay for the budget.

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CT
2
GraceAdams
CT-2
1 year ago

Users Opposing

I oppose H.R. 233 ("To amend chapter 31 of title 31, United States Code, to provide for an orderly") because... We are out of time. This unbelievable debt of 17 trillion and counting has to be stopped now no more kicking the can down the road. It took several election cycles to weed the Wig leadership out and form the Republican party. We are now going to start that process with the GOP and the debt ceiling vote will help us make our choices.

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IN
9
maxium
IN-9
1 year ago

I oppose H.R. 233 ("To amend chapter 31 of title 31, United States Code, to provide for an orderly") because, the debt ceiling was created in order for Congress to have some control over the debt ceiling, and that control should remain in place.

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FL
27
Anonymous491228
FL-27
1 year ago

I oppose H.R. 233 ("To amend chapter 31 of title 31, United States Code, to provide for an orderly") because...this will allow an unelected non-government identity to control our spending!

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FL
16
Badge784
FL-16
1 year ago

I oppose H.R. 233 ("To amend chapter 31 of title 31, United States Code, to provide for an orderly") because...What would a liberal know about orderly process? That goes against their agenda .

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MO
4
mackelby
MO-4
1 year ago

I oppose H.R. 233 ("To amend chapter 31 of title 31, United States Code, to provide for an orderly") because...It contains a very questionable Constitutional Authority Statement and consequently should not be introduced as per Rule 7 (c) (1)

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WA
6
Grouch
WA-6
1 year ago

I oppose H.R. 233 ("To amend chapter 31 of title 31, United States Code, to provide for an orderly") because... you need to QUIT borrowing and spending money we don't have. The money is wasted with vote buying. Live withing your means.

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OK
3
horses1032
OK-3
1 year ago

Bill Summary

1/14/2013--Introduced.Authorizes an extension of the presidential authority to modify the public debt ceiling (subject to enactment of a congressional joint resolution of disapproval). Authorizes the Secretary of the Treasury to borrow an additional amount estimated to be sufficient to meet commitments for one year whenever the President certifies to Congress that the public debt subject to limit is within $100 billion of the $16.394 trillion limit and that further borrowing is required to meet existing commitments. Prohibits the debt limit from being raised if, within 50 calendar days after Congress receives that certification, a joint resolution is enacted disapproving the President's exercise of authority with respect to such additional amount. Applies current requirements for expedited consideration of the joint resolution in both houses, with certain exceptions including: -the September 14, 2011, termination of the period making it in order in the Senate to consider such a joint resolution; -the authorized $400 billion increase in the public debt allowed even though Congress overrides the President's veto of the joint resolution; and -the required sequestration ($400 billion reduction in spending) if the President signs the joint resolution, allows it to become law without his signature, or Congress overrides a veto of it.

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