,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #ajc  ,,in ,,the ,,house ,,of   
,,representatives  ,january #c1 #bjac   
,mr4 ,fattah introduced the following   
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend title #ca1 ,united    
,states ,code1 to provide authority to  
increase the debt limit when an ,act of 
,congress provides budget authority or  
reduces revenues1 and for other         
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,ending ,fiscal     
,cliffs ,act of #bjac4  #b4 ,findings   
,the ,congress finds that--  7#a7       
,congress has been granted exclusive    
authority for the collecting and        
appropriating of revenue in ,article ,i 
of the ,constitution4  7#b7 ,any        
increase in the public debt limit is    
necessary in response to obligations and
 reduced revenue authorized by          
,congress4  7#c7 ,stability and         
predictability in the full faith and    
credit of the ,united ,states are       

critical to economic security4  7#d7    
,world markets are sensitive to the     
fiscal affairs of the ,united ,states   
given its role as a global leader and   
its status as the wealthiest nation4    
#c4 ,change in public debt limit when   
,act of ,congress provides budget       
authority or reduces revenues           
,subsection 7b7 of section #caja of     
title #ca1 ,united ,states ,code1 is    
amended--  7#a7 by striking ,the face   
amount and inserting 7#a7 ,the face     
amount2  7#b7 by inserting 7increased or
 decreased1 as necessary1 by the        
applicable amount7 after                
#ad1bid1jjj1jjj1jjj2 and  7#c7 by adding
 at the end the following3  7#b7 7,a7   
,for purposes of paragraph 7#a71 the    
,secretary of the ,treasury shall       
determine the applicable amount after   
the enactment of any ,act of ,congress  
that provides budget authority 7as      
defined in section #c7b7 of the         
,congressional ,budget ,act of #aigd 7#b
 ,u4,s4,c4 #fbb7b777 or reduces revenues

 and shall publish such amount in the   
,federal ,register4  7,b7 ,for purposes 
of subparagraph 7,b71 the term          
applicable amount means the amount      
determined by the ,secretary of the     
,treasury to be required to meet        
existing commitments4  4