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United States · Bill · S

S. 2040 (112th)

Budget Before Borrowing Act of 2012

referredUnited States· United States Congress· EN

Introduced

26 January 2012

Last action

26 January 2012 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Lee, Mike [R-UT], Sen. Rubio, Marco [R-FL], Sen. Vitter, David [R-LA], Sen. Toomey, Patrick [R-PA], Sen. Thune, John [R-SD], Sen. Coburn, Tom [R-OK], Sen. Paul, Rand [R-KY], Sen. DeMint, Jim [R-SC], Sen. Johnson, Ron [R-WI], Sen. Risch, James E. [R-ID], Sen. Crapo, Mike [R-ID]

Subjects

Taxation, Budget

Source updated

5 December 2025

Taxation · Budget

Summary

Budget Before Borrowing Act of 2012 - Amends the Congressional Budget Act of 1974 to make it out of order in both chambers to consider any bill or joint resolution, amendment, or conference report to increase or modify the public debt limit unless a concurrent resolution on the budget has been agreed to and is in effect for the fiscal year during which such measure is being considered. Permits: (1) waiver or suspension of such prohibition in either chamber only by an affirmative vote of two-thirds of its Members, and (2) its successful appeal from the ruling of the Chair in the Senate only by an affirmative vote of two-thirds of its Members.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 26 January 2012

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 26 January 2012

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 26 January 2012

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 26 January 2012

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 26 January 2012

    Open at official source

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Sponsors

Related records

Sources

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