,,ii  #aac? ,,congress  #a/ ,session    
,s4 #eg  ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$
 ,,/ates  ,janu>y #bb 7legislative day1 
,janu>y #c71 #bjac ,mrs4 ,box] introduc$
 ! foll[+ bill2 :i* 0 read twice &      
ref]r$ to ! ,committee on ,f9ance  ,a   
,,bill  ,to e/abli% a timely & exp$iti\s
 process = vot+ on ! /atutory debt      
limit4  #a4 ,%ort title ,?is ,act may be
 cit$ z ! ,u4,s4,a4 ,,aaa ,cr$it        
,re/oration ,act4  #b4 ,am5dm5t to title
 #ca ,section #caja7;b7 ( title #ca1    
,unit$ ,/ates ,code1 is am5d$ to read z 
foll[s3  7b7 ,limit  7#a7 ,9 g5]al      
,not)/&+ any o!r provision ( law1 ! face
 am\nt ( obligations issu$ "u ?is *apt] 
& ! face am\nt ( obligations ^: pr9cipal
 & int]e/ are gu>ante$ by ! ,unit$      
,/ates ,gov]nm5t 7except gu>ante$       
obligations held by ! ,secret>y ( !     
,treasury7 may n be m ?an an am\nt      
det]m9$ by ! ,secret>y1 z provid$ by ?is
 section4  7#b7 ,secret>ial message     
7,a7 ,tim+ ,on ! same day ! ,presid5t   
submits a budget to ,congress z requir$ 

by section #aaje ! ,secret>y %all submit
 to ! ,congress a message on ! public   
debt limit4  7,b7 ,cont5ts ,! message   
%all include an e/imate ( ! am\nt !     
public debt limit w ne$ to be increas$1 
if necess>y1 = ! p]iod ( "t betwe5 !    
submission ( ! curr5t ,secret>ial       
message & ! ,secret>ial message t w be  
submitt$ ! foll[+ ye>1 z requir$ by     
subp>agraph 7,a71 bas$ on e/imates (    
,f$]al rev5ues1 m&atory exp5ditures1 &  
discretion>y exp5ditures4  7#c7 ,f$]al  
regi/] notice ,on ! same day ! ,secret>y
 submits ! message describ$ 9 p>agraph  
7#b71 ! ,secret>y %all publi% 9 ! ,f$]al
 ,regi/] ! am\nt ( ! public debt limit t
 w\ld be necess>y to accommodate !      
requirem5ts describ$ 9 p>agraph         
7#b77;,b74  7#d7 ,congressional         
disapproval process  7,a7 ,jo9t         
resolution ,= purposes ( ?is section1 ! 
t]m jo9t resolution means only a jo9t   
resolution introduc$ 9 ! p]iod beg9n+ on
 ! date on :i* ! notice describ$ 9      
p>agraph 7#c7 is publi%$ 9 ! ,f$]al     

,regi/] & end+ #c days !reaft] 7exclud+ 
days ei!r ,h\se ( ,congress is adj\rn$ =
 m ?an #c days dur+ a session (         
,congress71 ! matt] aft] ! resolv+      
clause ( :i* is z foll[s3 ,t ,congress  
disapproves ( ! ,secret>y's ex]cise (   
au?ority to increase ! debt limit1 z    
ex]cis$ pursuant to ! c]tification "u   
section #caja7;b7 ( title #ca1 ,unit$   
,/ates ,code44  7,b7 ,exp$it$           
consid]ation 9 ,h\se ( ,repres5tatives  
7i7 ,reconv5+ ,^u publication ( ! ,f$]al
 ,regi/] notice describ$ 9 p>agraph 7#c7
 ! ,speak]1 if ! ,h\se w\ld o!rwise be  
adj\rn$1 %all notify ! ,memb]s ( ! ,h\se
 t1 pursuant to ?is subsection1 ! ,h\se 
%all conv5e n lat] ?an ! second cal5d>  
day aft] receipt ( su* c]tification4    
7ii7 ,report+ & dis*>ge ,if ! committee 
to :i* is ref]r$ a jo9t resolution      
describ$ 9 subp>agraph 7,a7 has n       
report$ su* jo9t resolution at ! end (  
#f cal5d> days aft] ! publication ( !   
,f$]al ,regi/] notice describ$ 9        
p>agraph 7#c71 su* committee may be     

dis*>g$ f fur!r consid]ation ( su* jo9t 
resolution ^u a petition support$ 9     
writ+ by #bah ,memb]s ( ! ,h\se (       
,repres5tatives1 & su* jo9t resolution  
%all be plac$ on ! cal5d>4  7iii7 ,tim+ 
,a petition to dis*>ge ! jo9t resolution
 mu/ be fil$ no lat] ?an #f cal5d> days 
aft] ! publication ( ! ,f$]al ,regi/]   
notice describ$ 9 p>agraph 7#c74  7iv7  
,proce$+ to consid]ation ,aft] ea*      
committee au?oriz$ to consid] a jo9t    
resolution reports x to ! ,h\se or has  
be5 dis*>g$ f its consid]ation1 x %all  
be 9 ord]1 n lat] ?an ! #c cal5d> days  
aft] ! jo9t resolution "u subp>agraph   
7,a7 is report$ or dis*>g$1 to move to  
proce$ to consid] ! jo9t resolution 9 ! 
,h\se4 ,all po9ts ( ord] aga9/ ! motion 
are waiv$4 ,su* a motion %all n be 9    
ord] aft] ! ,h\se has dispos$ ( a motion
 to proce$ on a jo9t resolution address+
 a p>ticul> submission4 ,! previ\s "q   
%all be consid]$ z ord]$ on ! motion to 
its adoption )\t int]v5+ motion4 ,!     
motion %all n be debatable4 ,a motion to

 reconsid] ! vote by :i* ! motion is    
dispos$ ( %all n be 9 ord]4  7v7        
,consid]ation ,! jo9t resolution %all be
 consid]$ z read4 ,all po9ts ( ord]     
aga9/ ! jo9t resolution & aga9/ its     
consid]ation are waiv$4 ,! previ\s "q   
%all be consid]$ z ord]$ on ! jo9t      
resolution to its passage )\t int]v5+   
motion except two h\rs ( debate equally 
divid$ & controll$ by ! propon5t & an   
oppon5t4 ,a motion to reconsid] ! vote  
on passage ( ! jo9t resolution %all n be
 9 ord]4  7,c7 ,exp$it$ proc$ure 9 !    
,s5ate  7i7 ,reconv5+ ,^u publication ( 
! ,f$]al ,regi/] notice describ$ 9      
p>agraph 7#c71 if ! ,s5ate has adj\rn$  
or recess$ = m ?an #b days1 ! majority  
lead] ( ! ,s5ate1 aft] consultation ) ! 
m9ority lead] ( ! ,s5ate1 %all notify ! 
,memb]s ( ! ,s5ate t1 pursuant to ?is   
section1 ! ,s5ate %all conv5e n lat] ?an
 ! second cal5d> day aft] publication ( 
su* notice4  7ii7 ,report+ & dis*>ge ,if
 ! committee to :i* is ref]r$ a jo9t    
resolution describ$ 9 subp>agraph 7,a7  

has n report$ su* jo9t resolution at !  
end ( #f cal5d> days aft] ! publication 
( ,f$]al ,regi/] notice describ$ 9      
p>agraph 7#c71 su* committee may be     
dis*>g$ f fur!r consid]ation ( su* jo9t 
resolution ^u a petition support$ 9     
writ+ by #dj ,memb]s ( ! ,s5ate1 & su*  
jo9t resolution %all be plac$ on !      
cal5d>4  7iii7 ,tim+ ,a petition to     
dis*>ge ! jo9t resolution mu/ be fil$ no
 lat] ?an #f cal5d> days aft] !         
publication ( ! ,f$]al ,regi/] notice   
describ$ 9 p>agraph 7#c74  7iv7 ,proce$+
 to consid]ation ,:5 ! committee to :i* 
a jo9t resolution describ$ 9 subp>agraph
 7,a7 is ref]r$ has report$1 or :5 a    
committee is dis*>g$1 x is at any "t    
!reaft] 9 ord] = a motion to proce$ to !
 consid]ation ( ! jo9t resolution1 & all
 po9ts ( ord] aga9/ ! jo9t resolution 7&
 aga9/ consid]ation ( ! jo9t resolution7
 are waiv$4 ,! motion is n subject to   
am5dm5t1 or to a motion to po/pone1 or  
to a motion to proce$ to ! consid]ation 
( o!r bus9ess4 ,a motion to reconsid] ! 

vote by :i* ! motion is agre$ to or     
disagre$ to %all n be 9 ord]4 ,if a     
motion to proce$ to ! consid]ation ( !  
jo9t resolution is agre$ to1 ! jo9t     
resolution %all rema9 ! unf9i%$ bus9ess 
( ! ,s5ate until dispos$ (4  7v7        
,consid]ation ,consid]ation ( ! jo9t    
resolution describ$ 9 subp>agraph 7,a7 &
 on all debatable motions & appeals 9   
connection !re)1 %all be limit$ to n m  
?an #aj h\rs1 :i* %all be divid$ equally
 betwe5 ^? favor+ & ^? oppos+ ! jo9t    
resolution4 ,a motion fur!r to limit    
debate is 9 ord] & n debatable4 ,an     
am5dm5t to1 or a motion to po/pone1 or a
 motion to proce$ to ! consid]ation (   
o!r bus9ess1 or a motion to recommit !  
jo9t resolution is n 9 ord]4  7vi7 ,vote
 on passage ,if ! ,s5ate has vot$ to    
proce$ to ! jo9t resolution describ$ 9  
subp>agraph 7,a71 ! vote on passage ( ! 
jo9t resolution %all occur imm$iately   
foll[+ ! conclusion ( consid]ation ( !  
jo9t resolution1 & a s+le quorum call at
 ! conclusion ( ! debate if reque/$ 9   

accordance ) ! rules ( ! ,s5ate4  7vii7 
,rul+s ( ! *air on proc$ure ,appeals f !
 decisions ( ! ,*air relat+ to !        
application ( ! rules ( ! ,s5ate to !   
proc$ure relat+ to a jo9t resolution    
describ$ 9 subp>agraph 7,a7 %all be     
decid$ )\t debate4  7,d7 ,am5dm5t n 9   
ord] ,a jo9t resolution consid]$        
pursuant to ?is subsection %all n be    
subject to am5dm5t 9 ei!r ! ,h\se (     
,repres5tatives or ! ,s5ate4  7,e7      
,coord9ation ) action by o!r h\se ,if1  
be=e pass+ ! jo9t resolution describ$ 9 
subsection 7,a71 "o ,h\se receives f !  
o!r a jo9t resolution--  7i7 ! jo9t     
resolution ( ! o!r ,h\se %all n be      
ref]r$ to a committee2  7ii7 ! proc$ure 
9 ! receiv+ ,h\se %all be ! same z if no
 jo9t resolution _h be5 receiv$ f ! o!r 
,h\se until ! vote on passage1 :5 ! jo9t
 resolution receiv$ f ! o!r ,h\se %all  
supplant ! jo9t resolution ( ! receiv+  
,h\se2  7iii7 if ! ,s5ate fails to      
introduce or consid] a jo9t resolution  
"u ?is section1 ! jo9t resolution ( !   

,h\se %all be entitl$ to exp$it$ floor  
proc$ures "u ?is section2  7iv7 if1     
foll[+ passage ( ! jo9t resolution 9 !  
,s5ate1 ! ,s5ate !n receives ! companion
 measure f ! ,h\se ( ,repres5tatives1 ! 
companion measure %all n be debatable2 &
  7v7 debate on a veto message 9 !      
,s5ate "u ?is section %all be #a h\r    
equally divid$ betwe5 ! majority &      
m9ority lead]s or _! designees4  7,f7   
,rules ( h\se ( repres5tatives & s5ate  
,?is p>agraph is enact$ by ,congress--  
7i7 z an ex]cise ( ! rulemak+ p[] ( !   
,s5ate & ,h\se ( ,repres5tatives1       
respectively1 & z su* x is deem$ a "p ( 
! rules ( ea* ,h\se1 respectively1 b    
applicable only ) respect to ! proc$ure 
to be foll[$ 9 t ,h\se 9 ! case ( a jo9t
 resolution1 & x sup]s$es o!r rules only
 to ! ext5t t x is inconsi/5t ) su*     
rules2 &  7ii7 ) full recognition ( !   
con/itutional "r ( ei!r ,h\se to *ange !
 rules 7s f> z relat+ to ! proc$ure ( t 
,h\se7 at any "t1 9 ! same mann]1 & to !
 same ext5t z 9 ! case ( any o!r rule ( 

t ,h\se4  4  #c4 ,effective date ,!     
am5dm5t made by section #b %all take    
effect ,janu>y #a1 #bjad4