,,ii  #aac? ,,congress  #a/ ,session    
,s4 #dc  ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$
 ,,/ates  ,janu>y #bb 7legislative day1 
,janu>y #c71 #bjac ,mr4 ,portman 7=     
himself1 ,mr4 ,enzi1 ,mr4 ,*ambliss1    
,ms4 ,ayotte1 ,mr4 ,grassley1 ,mr4      
,vitt]1 ,mr4 ,flake1 ,mr4 ,johanns1 ,mr4
 ,cork]1 ,mr4 ,hoev51 ,mr4 ,?une1 ,mr4  
,cornyn1 ,mr4 ,lee1 & ,mr4 ,johnson (   
,wiscons97 introduc$ ! foll[+ bill2 :i* 
0 read twice & ref]r$ to ! ,committee on
 ! ,budget  ,a ,,bill  ,to require t any
 debt limit increase be balanc$ by equal
 sp5d+ cuts ov] ! next decade4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,doll>-=-,doll> ,deficit ,r$uction ,act4
  #b4 ,am5dm5t to title #ca  7a7 ,9     
g5]al ,sub*apt] ,i ( *apt] #ca ( title  
#ca1 ,unit$ ,/ates ,code1 is am5d$ by   
ins]t+ aft] section #caja;,a ! foll[+3  
#caja;,b4 ,debt limit control  7a7      
,decl>ation ( a debt limit w>n+  7#a7 ,9
 g5]al ,9 ! ev5t ( a ne> brea* ( !      
public debt limit e/abli%$ by section   
#caja1 ! ,secret>y ( ! ,treasury %all   

issue a debt limit w>n+ to ! ,committee 
on ,f9ance ( ! ,s5ate & ! ,committee on 
,ways & ,means ( ! ,h\se (              
,repres5tatives t %all include a        
det]m9ation z to :5 extraord9>y measures
 may be necess>y 9 ord] to prolong !    
fund+ ( ! ,unit$ ,/ates ,gov]nm5t4  7#b7
 ,def9itions ,9 ?is subsection3  7,a7   
,extraord9>y measures ,! t]m extraord9>y
 measures means measures t may be tak5  
by ! ,secret>y ( ! ,treasury 9 ! ev5t ( 
a brea* ( ! debt limit by ! ,unit$      
,/ates to prolong ! function ( ,unit$   
,/ates ,gov]nm5t 9 ! abs5ce ( a debt    
limit increase4  7,b7 ,ne> brea* ,! t]m 
ne> brea* means ! po9t at :i* !         
,secret>y ( ! ,treasury det]m9es t !    
,unit$ ,/ates ,gov]nm5t w rea* !        
/atutorily prescrib$ debt limit )9 #fj  
cal5d> days not)/&+ ! implem5tation (   
extraord9>y measures4  7b7 ,presid5tial 
submission ( debt limit legislation     
7#a7 ,sav+s recomm5dations f ! ,presid5t
 ,any =mal ,presid5tial reque/ to       
increase ! debt limit "u ?is section    

%all include ! am\nt ( ! propos$ debt   
limit increase & be accompani$ by       
propos$ legislation to r$uce sp5d+ ov] !
 sum ( ! curr5t & foll[+ #aj ye>s by an 
am\nt equal to or great] ?an ! am\nt ( !
 reque/$ debt limit increase4 ,net      
int]e/ sav+s may n be c\nt$ t[>ds sp5d+ 
r$uctions requir$ by ?is p>agraph4  7#b7
 ,calculation ,! sp5d+ sav+s "u p>agraph
 7#a7 %all be calculat$ aga9/ a budget  
basel9e consi/5t ) section #beg ( !     
,balanc$ ,budget & ,em]g5cy ,deficit    
,control ,act ( #aihe4 ,?is basel9e %all
 exclude ! extrapolation ( any sp5d+ t  
_h be5 enact$ "u an em]g5cy designation4
  4  7b7 ,sub*apt] analysis ,! table (  
sections = *apt] #ca ( title #ca1 ,unit$
 ,/ates ,code1 is am5d$ by ins]t+ aft] !
 item = section #caja;,a ! foll[+3      
#caja;,b4 ,debt limit control4  4  #c4  
,congressional requirem5t to re/ra9     
sp5d+ :ile rais+ ! debt limit  7a7 ,9   
g5]al ,title ,,iii ( ! ,congress &      
,budget ,act ( #aigd is am5d$ by ins]t+ 
at ! end ! foll[+3  #caf4 ,debt limit   

increase po9t ( ord]  7a7 ,9 g5]al  7#a7
 ,po9t ( ord] ,except z provid$ 9       
subsection 7b71 x %all n be 9 ord] 9 !  
,s5ate or ! ,h\se ( ,repres5tatives to  
consid] any bill1 jo9t resolution1      
am5dm5t1 motion1 or conf]5ce report t   
increases ! /atutory debt limit unless !
 bill conta9s net sp5d+ r$uctions ( an  
equal or great] am\nt ov] ! sum ( !     
curr5t & next #aj fiscal ye>s4 ,net     
int]e/ sav+s may n be c\nt$ t[>ds sp5d+ 
r$uctions requir$ by ?is p>agraph4  7#b7
 ,compon5ts ( net sp5d+ r$uction  7,a7  
,calculation ,! sav+s result+ f !       
propos$ sp5d+ r$uctions "u p>agraph 7#a7
 %all be calculat$ by ! ,congressional  
,budget ,(fice aga9/ a budget basel9e   
consi/5t ) section #beg ( ! ,balanc$    
,budget & ,em]g5cy ,deficit ,control    
,act ( #aihe4 ,?is basel9e %all exclude 
! extrapolation ( any sp5d+ t _h be5    
enact$ "u an em]g5cy designation4  7,b7 
,availability ,! ,s5ate & ! ,h\se (     
,repres5tatives may n vote on any bill1 
jo9t resolution1 am5dm5t1 motion1 or    

conf]5ce report t increases ! public    
debt limit unless ! co/ e/imate ( t     
measure prep>$ by ! ,congressional      
,budget ,(fice has be5 publicly         
available on ! ,web site ( !            
,congressional ,budget ,(fice = at lea/ 
#bd h\rs4  7,c7 ,prohibit tim+ %ifts    
,any provision t %ifts outlays or       
rev5ues f )9 ! #aj-ye> w9d[ to outside !
 w9d[ %all n c\nt t[>ds ! budget sav+s  
t>get = purposes ( ?is subsection4  7b7 
,s5ate sup]majority waiv] & appeal  7#a7
 ,waiv] ,9 ! ,s5ate1 subsection 7a77#a7 
may be waiv$ or susp5d$ only by an      
affirmative vote ( ?ree-fif?s ( !       
,memb]s1 duly *os5 & sworn4  7#b7       
,appeal ,an affirmative vote (          
?ree-fif?s ( ! ,memb]s ( ! ,s5ate1 duly 
*os5 & sworn1 %all be requir$ to su/a9  
an appeal ( ! rul+ ( ! ,*air on a po9t (
 ord] rais$ "u subsection 7a77#a74  4   
7b7 ,con=m+ am5dm5t ,! table ( cont5ts  
set =? 9 section #a7;b7 ( !             
,congressional ,budget & ,imp\ndm5t     
,control ,act ( #aigd is am5d$ by ins]t+

 aft] section #cae ! foll[+ new item3   
,sec4 #caf4 ,debt limit increase po9t ( 
ord]4  4