,i #aac? ,,congress #a/ ,session ,h4 ,r4 #ajc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,janu>y #c1 #bjac ,mr4 ,fattah introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d title #ca1 ,unit$ ,/ates ,code1 to provide au?ority to increase ! debt limit :5 an ,act ( ,congress provides budget au?ority or r$uces rev5ues1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,end+ ,fiscal ,cliffs ,act ( #bjac4 #b4 ,f9d+s ,! ,congress f9ds t-- 7#a7 ,congress has be5 grant$ exclusive au?ority = ! collect+ & appropriat+ ( rev5ue 9 ,article ,i ( ! ,con/itution4 7#b7 ,any increase 9 ! public debt limit is necess>y 9 response to obligations & r$uc$ rev5ue au?oriz$ by ,congress4 7#c7 ,/ability & pr$ictability 9 ! full fai? & cr$it ( ! ,unit$ ,/ates are critical to economic security4 7#d7 ,_w m>kets are s5sitive to ! fiscal affairs ( ! ,unit$ ,/ates giv5 its role z a global lead] & its /atus z ! weal?ie/ nation4 #c4 ,*ange 9 public debt limit :5 ,act ( ,congress provides budget au?ority or r$uces rev5ues ,subsection 7b7 ( section #caja ( title #ca1 ,unit$ ,/ates ,code1 is am5d$-- 7#a7 by /rik+ ,! face am\nt & ins]t+ 7#a7 ,! face am\nt2 7#b7 by ins]t+ 7increas$ or decreas$1 z necess>y1 by ! applicable am\nt7 aft] #ad1bid1jjj1jjj1jjj2 & 7#c7 by add+ at ! end ! foll[+3 7#b7 7,a7 ,= purposes ( p>agraph 7#a71 ! ,secret>y ( ! ,treasury %all det]m9e ! applicable am\nt aft] ! enactm5t ( any ,act ( ,congress t provides budget au?ority 7z def9$ 9 section #c7b7 ( ! ,congressional ,budget ,act ( #aigd 7#b ,u4,s4,c4 #fbb7b777 or r$uces rev5ues & %all publi% su* am\nt 9 ! ,f$]al ,regi/]4 7,b7 ,= purposes ( subp>agraph 7,b71 ! t]m applicable am\nt means ! am\nt det]m9$ by ! ,secret>y ( ! ,treasury to be requir$ to meet exi/+ commitm5ts4 4