,,ii #aacth ,,congress #ast ,session ,s4 #eg ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,january #bb 7legislative day1 ,january #c71 #bjac ,mrs4 ,boxer introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to establish a timely and expeditious process for voting on the statutory debt limit4 #a4 ,short title ,this ,act may be cited as the ,u4,s4,a4 ,,aaa ,credit ,restoration ,act4 #b4 ,amendment to title #ca ,section #caja7;b7 of title #ca1 ,united ,states ,code1 is amended to read as follows3 7b7 ,limit 7#a7 ,in general ,notwithstanding any other provision of law1 the face amount of obligations issued under this chapter and the face amount of obligations whose principal and interest are guaranteed by the ,united ,states ,government 7except guaranteed obligations held by the ,secretary of the ,treasury7 may not be more than an amount determined by the ,secretary1 as provided by this section4 7#b7 ,secretarial message 7,a7 ,timing ,on the same day the ,president submits a budget to ,congress as required by section #aaje the ,secretary shall submit to the ,congress a message on the public debt limit4 7,b7 ,contents ,the message shall include an estimate of the amount the public debt limit will need to be increased1 if necessary1 for the period of time between the submission of the current ,secretarial message and the ,secretarial message that will be submitted the following year1 as required by subparagraph 7,a71 based on estimates of ,federal revenues1 mandatory expenditures1 and discretionary expenditures4 7#c7 ,federal register notice ,on the same day the ,secretary submits the message described in paragraph 7#b71 the ,secretary shall publish in the ,federal ,register the amount of the public debt limit that would be necessary to accommodate the requirements described in paragraph 7#b77;,b74 7#d7 ,congressional disapproval process 7,a7 ,joint resolution ,for purposes of this section1 the term joint resolution means only a joint resolution introduced in the period beginning on the date on which the notice described in paragraph 7#c7 is published in the ,federal ,register and ending #c days thereafter 7excluding days either ,house of ,congress is adjourned for more than #c days during a session of ,congress71 the matter after the resolving clause of which is as follows3 ,that ,congress disapproves of the ,secretary's exercise of authority to increase the debt limit1 as exercised pursuant to the certification under section #caja7;b7 of title #ca1 ,united ,states ,code44 7,b7 ,expedited consideration in ,house of ,representatives 7i7 ,reconvening ,upon publication of the ,federal ,register notice described in paragraph 7#c7 the ,speaker1 if the ,house would otherwise be adjourned1 shall notify the ,members of the ,house that1 pursuant to this subsection1 the ,house shall convene not later than the second calendar day after receipt of such certification4 7ii7 ,reporting and discharge ,if the committee to which is referred a joint resolution described in subparagraph 7,a7 has not reported such joint resolution at the end of #f calendar days after the publication of the ,federal ,register notice described in paragraph 7#c71 such committee may be discharged from further consideration of such joint resolution upon a petition supported in writing by #bah ,members of the ,house of ,representatives1 and such joint resolution shall be placed on the calendar4 7iii7 ,timing ,a petition to discharge the joint resolution must be filed no later than #f calendar days after the publication of the ,federal ,register notice described in paragraph 7#c74 7iv7 ,proceeding to consideration ,after each committee authorized to consider a joint resolution reports it to the ,house or has been discharged from its consideration1 it shall be in order1 not later than the #c calendar days after the joint resolution under subparagraph 7,a7 is reported or discharged1 to move to proceed to consider the joint resolution in the ,house4 ,all points of order against the motion are waived4 ,such a motion shall not be in order after the ,house has disposed of a motion to proceed on a joint resolution addressing a particular submission4 ,the previous question shall be considered as ordered on the motion to its adoption without intervening motion4 ,the motion shall not be debatable4 ,a motion to reconsider the vote by which the motion is disposed of shall not be in order4 7v7 ,consideration ,the joint resolution shall be considered as read4 ,all points of order against the joint resolution and against its consideration are waived4 ,the previous question shall be considered as ordered on the joint resolution to its passage without intervening motion except two hours of debate equally divided and controlled by the proponent and an opponent4 ,a motion to reconsider the vote on passage of the joint resolution shall not be in order4 7,c7 ,expedited procedure in the ,senate 7i7 ,reconvening ,upon publication of the ,federal ,register notice described in paragraph 7#c71 if the ,senate has adjourned or recessed for more than #b days1 the majority leader of the ,senate1 after consultation with the minority leader of the ,senate1 shall notify the ,members of the ,senate that1 pursuant to this section1 the ,senate shall convene not later than the second calendar day after publication of such notice4 7ii7 ,reporting and discharge ,if the committee to which is referred a joint resolution described in subparagraph 7,a7 has not reported such joint resolution at the end of #f calendar days after the publication of ,federal ,register notice described in paragraph 7#c71 such committee may be discharged from further consideration of such joint resolution upon a petition supported in writing by #dj ,members of the ,senate1 and such joint resolution shall be placed on the calendar4 7iii7 ,timing ,a petition to discharge the joint resolution must be filed no later than #f calendar days after the publication of the ,federal ,register notice described in paragraph 7#c74 7iv7 ,proceeding to consideration ,when the committee to which a joint resolution described in subparagraph 7,a7 is referred has reported1 or when a committee is discharged1 it is at any time thereafter in order for a motion to proceed to the consideration of the joint resolution1 and all points of order against the joint resolution 7and against consideration of the joint resolution7 are waived4 ,the motion is not subject to amendment1 or to a motion to postpone1 or to a motion to proceed to the consideration of other business4 ,a motion to reconsider the vote by which the motion is agreed to or disagreed to shall not be in order4 ,if a motion to proceed to the consideration of the joint resolution is agreed to1 the joint resolution shall remain the unfinished business of the ,senate until disposed of4 7v7 ,consideration ,consideration of the joint resolution described in subparagraph 7,a7 and on all debatable motions and appeals in connection therewith1 shall be limited to not more than #aj hours1 which shall be divided equally between those favoring and those opposing the joint resolution4 ,a motion further to limit debate is in order and not debatable4 ,an amendment to1 or a motion to postpone1 or a motion to proceed to the consideration of other business1 or a motion to recommit the joint resolution is not in order4 7vi7 ,vote on passage ,if the ,senate has voted to proceed to the joint resolution described in subparagraph 7,a71 the vote on passage of the joint resolution shall occur immediately following the conclusion of consideration of the joint resolution1 and a single quorum call at the conclusion of the debate if requested in accordance with the rules of the ,senate4 7vii7 ,rulings of the chair on procedure ,appeals from the decisions of the ,chair relating to the application of the rules of the ,senate to the procedure relating to a joint resolution described in subparagraph 7,a7 shall be decided without debate4 7,d7 ,amendment not in order ,a joint resolution considered pursuant to this subsection shall not be subject to amendment in either the ,house of ,representatives or the ,senate4 7,e7 ,coordination with action by other house ,if1 before passing the joint resolution described in subsection 7,a71 one ,house receives from the other a joint resolution-- 7i7 the joint resolution of the other ,house shall not be referred to a committee2 7ii7 the procedure in the receiving ,house shall be the same as if no joint resolution had been received from the other ,house until the vote on passage1 when the joint resolution received from the other ,house shall supplant the joint resolution of the receiving ,house2 7iii7 if the ,senate fails to introduce or consider a joint resolution under this section1 the joint resolution of the ,house shall be entitled to expedited floor procedures under this section2 7iv7 if1 following passage of the joint resolution in the ,senate1 the ,senate then receives the companion measure from the ,house of ,representatives1 the companion measure shall not be debatable2 and 7v7 debate on a veto message in the ,senate under this section shall be #a hour equally divided between the majority and minority leaders or their designees4 7,f7 ,rules of house of representatives and senate ,this paragraph is enacted by ,congress-- 7i7 as an exercise of the rulemaking power of the ,senate and ,house of ,representatives1 respectively1 and as such it is deemed a part of the rules of each ,house1 respectively1 but applicable only with respect to the procedure to be followed in that ,house in the case of a joint resolution1 and it supersedes other rules only to the extent that it is inconsistent with such rules2 and 7ii7 with full recognition of the constitutional right of either ,house to change the rules 7so far as relating to the procedure of that ,house7 at any time1 in the same manner1 and to the same extent as in the case of any other rule of that ,house4 4 #c4 ,effective date ,the amendment made by section #b shall take effect ,january #a1 #bjad4