OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

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Floor Speech

Date: June 8, 2023
Location: Washington, DC


1882

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE.

This Act may be cited as the ``Debt Ceiling Reform Act''. SEC. 2. PROCEDURES FOR CONGRESSIONAL DISAPPROVAL OF ISSUANCE OF ADDITIONAL DEBT.

Section 3101 of title 31, United States Code, is amended to read as follows: ``Sec. 3101. Public debt limit

``(a) Definition of Joint Resolution.--In this section, the term `joint resolution' means a joint resolution--

``(1) that is introduced during the period--

``(A) beginning on the date on which a certification under subsection (b)(1) is received; and

``(B) ending on the date that is 3 calendar days after the date described in subparagraph (A) (or, if a House was not in session, the next calendar day on which that House is in session);

``(2) which does not have a preamble;

``(3) the title of which is only as follows: `Joint resolution relating to the disapproval of the Secretary of the Treasury's exercise of authority to issue additional debt, as submitted under section 3101 of title 31, United States Code, on ______

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