A bill to amend the Congressional Budget Act of 1974 to provide that any concurrent resolution on the budget that contains reconciliation directives shall include a directive with respect to the statutory limit on the public debt, and for other purposes.

Summary

Amends the Congressional Budget Act of 1974 to require any concurrent budget resolution that contains reconciliation directives to include a directive with respect to increases in the statutory limit on the public debt. Declares that it shall not be in order in the Senate to consider legislation that increases the statutory limit on the public debt during a fiscal year above the level set forth for such fiscal year in the concurrent budget resolution agreed to for that year. Excepts from such point of order any reconciliation bill or resolution that increases the statutory limit on the public debt effective on or after the first day of the following fiscal year.

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Timeline

1. 10 April 1987

   Introduced

   Read twice and referred jointly to the Committees on Budget; Governmental Affairs pursuant to the order of August 4, 1977, with instructions that when one committee reports the other has 30 days of continuous session in which to report or be discharged.

   Source: IntroReferral

2. 10 April 1987

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 19 May 1987

   Referred

   Referred to Subcommittee on Federal Spending, Budget, Account.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 10 April 1987

  Open at official source

Sponsors

• Sen. Exon, J. James [D-NE] · D · Sponsor
• · ssga00 · Standing
• · ssbu00 · Standing

Related records

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