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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Documents

1 official file

• Introduced in Senate

  summary · EN · 10 April 1987

  Open at official source

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