,i #aac? ,,congress #a/ ,session ,h4 ,r4 #cga ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,janu>y #bc1 #bjac ,mr4 ,brooks ( ,alabama 7= himself1 ,mr4 ,ba*us1 ,mr4 ,wilson ( ,s\? ,c>ol9a1 ,mr4 ,s\!rl&1 ,mr4 ,/utzman1 ,mr4 ,mc,kinley1 & ,mr4 ,jones7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to increase ! /atutory limit on ! public debt by #a1jjj1jjj1jjj ^u ! adoption by ,congress ( a ,balanc$ ,budget ,con/itutional ,am5dm5t & by an additional #a1jjj1jjj1jjj ^u ratification by ! ,/ates ( t ,am5dm5t4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,protect+ ,am]ica's ,solv5cy ,act ( #bjac4 #b4 ,increase 9 ! /atutory limit on ! public debt 7a7 ,adoption ,effective ^u ! adoption by ! ,congress ( a ,balanc$ ,budget ,con/itutional ,am5dm5t ) ! provisions describ$ 9 section #c1 bel[1 ! /atutory limit on ! public debt set =? 9 section #caja7;b7 ( title #ca1 ,unit$ ,/ates ,code1 is increas$ by #a1jjj1jjj1jjj4 7b7 ,ratification ,effective ^u ! ratification by ! ,/ates ( ! ,balanc$ ,budget ,con/itutional ,am5dm5t ) ! provisions describ$ 9 section #c1 bel[1 ! /atutory limit on ! public debt set =? 9 section #caja7;b7 ( title #ca1 ,unit$ ,/ates ,code1 is increas$ by an additional #a1jjj1jjj1jjj4 #c4 ,requir$ provisions ( a balanc$ budget con/itutional am5dm5t ,a ,balanc$ ,budget ,con/itutional ,am5dm5t1 to comply ) ! requirem5ts ( section #b1 above1 mu/ include ! foll[+ provisions3 7#a7 ,total outlays ( ! ,unit$ ,/ates = any fiscal ye> %all n exce$ total receipts = t fiscal ye>4 ,total receipts %all include all receipts ( ! ,unit$ ,/ates except ^? d]iv$ f borr[+4 ,total outlays %all include all outlays ( ! ,unit$ ,/ates except ^? = repaym5t ( debt pr9cipal4 ,! ,unit$ ,/ates %all h no fiscal ye> deficits except pursuant to ! t]ms ( ! ,am5dm5t4 7#b7 ,! fiscal ye> deficit prohibition describ$ h]e9 may be susp5d$ by a majority ( ! memb]%ip ( bo? h\ses ( ,congress1 by rollcall vote1 = any fiscal ye> 9 :i* ! ,unit$ ,/ates is actively engag$ 9 milit>y conflict pursuant to a w> decl>$ by ,congress pursuant to article ,i1 section #h1 or may be susp5d$ by f\r-fif?s ( ! memb]%ip ( ,congress1 by rollcall vote1 = any o!r fiscal ye>4 7#c7 ,9 any fiscal ye> 9 :i* ,congress does n susp5d ! ,am5dm5t pursuant to its t]ms & 9 :i* total outlays w or may exce$ total receipts1 ! ,presid5t %all take su* /eps z are necess>y to ensure total outlays = t fiscal ye> d n exce$ total receipts4 ,! ,presid5t may n ord] any increase 9 taxes or o!r rev5ue measures to en=ce ! ,am5dm5t4 ,a ,presid5t's failure to prev5t a prohibit$ fiscal ye> deficit is an impea*able (f5se4 7#d7 ,any ,memb] ( ,congress & any ,gov]nor or ,attorney ,g5]al ( any ,/ate %all h /&+ & a cause ( action to seek judicial en=cem5t ( ! ,am5dm5t4 ,no c\rt ( ! ,unit$ ,/ates or ( any ,/ate may ord] any increase 9 taxes or o!r rev5ue measures to prev5t or r$uce fiscal ye> deficits4 7#e7 7,a7 ,! ,am5dm5t %all be phas$ 9 beg9n+ ) ! fir/ fiscal ye> comm5c+ six or m mon?s aft] ratification ( ! ,am5dm5t by ! ,/ates4 7,b7 ,)9 ?ree mon?s aft] ratification1 ! ,presid5t %all calculate ! total outlays1 ! total receipts1 & ! result+ deficit ( ! ,unit$ ,/ates = ! fiscal ye> 9 :i* ! ,am5dm5t 0 ratifi$4 ,?is deficit is ! ,base ,deficit4 7,c7 ,fiscal ye> deficits %all be phas$-out z foll[s3 7i7 ,! deficit = ! fir/ fiscal ye> comm5c+ six or m mon?s aft] ratification by ! ,/ates ( ! ,am5dm5t %all n exce$ eighty p]c5t ( ! ,base ,deficit4 7ii7 ,! deficit = ! fir/ fiscal ye> comm5c+ eighte5 or m mon?s aft] ratification by ! ,/ates ( ! ,am5dm5t %all n exce$ sixty p]c5t ( ! ,base ,deficit4 7iii7 ,! deficit = ! fir/ fiscal ye> comm5c+ ?irty or m mon?s aft] ratification by ! ,/ates ( ! ,am5dm5t %all n exce$ =ty p]c5t ( ! ,base ,deficit4 7iv7 ,! deficit = ! fir/ fiscal ye> comm5c+ =ty-two or m mon?s aft] ratification by ! ,/ates ( ! ,am5dm5t %all n exce$ tw5ty p]c5t ( ! ,base ,deficit4 7v7 ,!re %all be no deficit = any fiscal ye> comm5c+ fifty-f\r or m mon?s aft] ratification by ! ,/ates ( ! ,am5dm5t4