,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #dfcd  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #bc1 #bjbe,mr4  
,boyle ( ,p5nsylvania introduc$ ! foll[+
 bill2 :i* 0 ref]r$ to ! ,committee on  
,ways & ,means1 & 9 addition to !       
,committees on ,rules1 & ! ,budget1 = a 
p]iod to be subsequ5tly det]m9$ by !    
,speak]1 9 ea* case = consid]ation ( su*
 provisions z fall )9 ! jurisdiction ( !
 committee conc]n$  ,a ,,bill  ,to      
provide a process = ensur+ ! ,unit$     
,/ates does n default on its            
obligations4  #a4 ,%ort title ,?is ,act 
may be cit$ z ! ,debt ,ceil+ ,re=m ,act4
  #b4 ,susp5sion ( ! debt ceil+  7a7 ,9 
g5]al  7#a7 ,am5dm5ts ,sub*apt] ,i (    
*apt] #ca ( subtitle ,,iii ( title #ca1 
,unit$ ,/ates ,code1 is am5d$--  7,a7 9 
section #caja7;b71 by ins]t+ or #caja;,b
 aft] section #caja;,a2 &  7,b7 by      
ins]t+ aft] section #caja;,a ! foll[+3  
#caja;,b4 ,susp5sion ( ! debt ceil+  7a7
 ,def9ition ,9 ?is section1 ! t]m jo9t  
resolution means only a jo9t            

resolution-- 7#a7 t is introduc$ dur+ ! 
p]iod--  7,a7 beg9n+ on ! date a        
c]tification describ$ 9 subsection      
7b77#a7 is receiv$ by ,congress2 &  7,b7
 end+ on ! date t is #de cal5d> days    
aft] ! date describ$ 9 subp>agraph 7,a72
  7#b7 :i* does n h a preamble2  7#c7 ! 
title ( :i* is only z foll[s3 ,jo9t     
resolution relat+ to ! disapproval ( !  
,secret>y ( ! ,treasury's ex]cise (     
au?ority to susp5d ! debt limit1 z      
submitt$ "u section #caja;,b ( title    
#ca1 ,unit$ ,/ates ,code1 on  7) ! blank
 conta9+ ! date ( su* submission72 &    
7#d7 ! matt] aft] ! resolv+ clause ( :i*
 is only z foll[s3 ,t ,congress         
disapproves ( ! ,secret>y ( !           
,treasury's ex]cise ( au?ority to susp5d
 ! debt limit1 z ex]cis$ pursuant to !  
c]tification submitt$ "u section        
#caja;,b7b77#a7 ( title #ca1 ,unit$     
,/ates ,code1 on 4 7) ! blank conta9+ ! 
date ( su* submission74  7b7            
,submissions to ,congress  7#a7 ,9 g5]al
 ,n e>li] ?an #fj days1 & n lat] ?an #df

 days1 be=e la/ day ( a susp5sion ( !   
limit "u section #caja7;b7 "u ?is       
section1 or any o!r provision ( law1 if 
! ,secret>y ( ! ,treasury det]m9es t    
fur!r borr[+ w be necess>y to meet exi/+
 commitm5ts aft] ! end ( su* susp5sion1 
! ,secret>y ( ! ,treasury %all submit to
 ,congress a writt5 c]tification        
specify+ ! end ( ! p]iod dur+ :i* su*   
limit %\ld be susp5d$1 :i* %all be n    
lat] ?an #b ye>s aft] ! o!rwise         
applicable end ( ! p]iod ( ! susp5sion (
 ! limit "u section #caja7;b74  7#b7    
,effect ( failure to enact disapproval  
7,a7 ,9 g5]al ,if a jo9t resolution is n
 enact$ ) respect to a c]tification "u  
p>agraph 7#a7 dur+ ! #de-;cal5d>-day    
p]iod beg9n+ on ! date on :i* ,congress 
receives ! c]tification1 section        
#caja7;b7 %all n apply = ! p]iod-- 7i7  
beg9n+ on ! date t is #df cal5d> days   
aft] ! date on :i* ,congress receives ! 
c]tification2 &  7ii7 end+ on ! date    
specifi$ by ! ,secret>y ( ! ,treasury 9 
! c]tification4  7,b7 ,special rule     

relat+ to obligations issu$ dur+        
ext5sion p]iod ,if a susp5sion ( ! limit
 "u section #caja7;b7 takes effect "u   
subp>agraph 7,a7 ( ?is p>agraph1        
effective on ! day aft] ! date specifi$ 
by ! ,secret>y ( ! ,treasury 9 !        
applicable c]tification1 ! limitation 9 
effect "u section #caja7;b7 %all be     
increas$ to ! ext5t t--  7i7 ! 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      
out/&+ on ! day aft] ! date specifi$ by 
! ,secret>y ( ! ,treasury 9 !           
c]tification2 exce$s  7ii7 ! face am\nt 
( su* obligations out/&+ on ! day aft] !
 mo/ rec5t day dur+ :i* ! limit "u      
section #caja7;b7 0 n susp5d$ "u ?is    
section1 or any o!r provision ( law4    
7,c7 ,re/or+ congressional au?ority ov] 
! national debt  7i7 ,ext5sion limit$ to
 necess>y obligations ,an obligation    
%all n be tak5 into acc\nt "u           

subp>agraph 7,b77i7 unless ! issuance ( 
su* obligation 0 necess>y to fund a     
commitm5t incurr$ pursuant to law by !  
,f$]al ,gov]nm5t t requir$ paym5t be=e !
 day aft] ! date specifi$ by ! ,secret>y
 ( ! ,treasury 9 ! c]tification4  7ii7  
,prohibition on creation ( ca% res]ve   
dur+ ext5sion p]iod ,! ,secret>y ( !    
,treasury %all n issue obligations dur+ 
! p]iod specifi$ 9 subp>agraph 7,a7 = ! 
purpose ( increas+ ! ca% balance above  
normal op]at+ balances 9 anticipation ( 
! expiration ( su* p]iod4  7#c7 ,effect 
( enactm5t ( disapproval ,if a jo9t     
resolution is enact$ ) respect to a     
c]tification "u p>agraph 7#a7 dur+ !    
#de-;cal5d>-day p]iod beg9n+ on ! date  
on :i* ,congress receives !             
c]tification1 ! susp5sion ( ! limit "u  
section #caja7;b7 describ$ 9 su*        
p>agraph 7#a7 %all end z o!rwise provid$
 by law4  7c7 ,exp$it$ consid]ation 9   
,h\se ( ,repres5tatives  7#a7 ,report+ &
 dis*>ge ,any committee ( ! ,h\se (     
,repres5tatives to :i* a jo9t resolution

 is ref]r$ %all report x to ! ,h\se (   
,repres5tatives )\t am5dm5t n lat] ?an  
#e cal5d> days aft] ! date (            
introduction ( ! jo9t resolution4 ,if a 
committee fails to report ! jo9t        
resolution )9 t p]iod1 ! committee %all 
be dis*>g$ f fur!r consid]ation ( ! jo9t
 resolution & ! jo9t resolution %all be 
ref]r$ to ! appropriate cal5d>4  7#b7   
,proce$+ to consid]ation ,aft] ea*      
committee au?oriz$ to consid] a jo9t    
resolution reports x to ! ,h\se (       
,repres5tatives or has be5 dis*>g$ f its
 consid]ation1 x %all be 9 ord]1 n lat] 
?an ! six? day aft] introduction ( !    
jo9t resolution1 to move to proce$ to   
consid] ! jo9t resolution 9 ! ,h\se (   
,repres5tatives4 ,all po9ts ( ord] aga9/
 ! motion are waiv$4 ,su* a motion %all 
n be 9 ord] aft] ! ,h\se (              
,repres5tatives has dispos$ ( 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  7#c7       
,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 #b h\rs ( debate equally  
divid$ & controll$ by ! propon5t & an   
oppon5t4 ,an am5dm5t to ! jo9t          
resolution or a motion to reconsid] !   
vote on passage ( ! jo9t resolution %all
 n be 9 ord]4  7d7 ,exp$it$ proc$ure 9  
,s5ate  7#a7 ,placem5t on cal5d> ,^u    
introduction 9 ! ,s5ate1 a jo9t         
resolution %all be imm$iately plac$ on !
 cal5d>4  7#b7 ,floor consid]ation  7,a7
 ,9 g5]al ,not)/&+ rule ,,xxii ( ! ,/&+ 
,rules ( ! ,s5ate1 x is 9 ord] at any "t
 dur+ ! p]iod beg9n+ on ! day aft] !    
date on :i* ,congress receives a        
c]tification "u subsection 7b77#a7 &    
end+ on ! date t is #de cal5d> days aft]

 ! date on :i* ! applicable c]tification
 describ$ 9 subsection 7b77#a7 is       
receiv$ by ,congress 7ev5 ?\gh a previ\s
 motion to ! same effect has be5        
disagre$ to7 to move to proce$ to !     
consid]ation ( ! jo9t resolution1 & all 
po9ts ( ord] aga9/ ! jo9t resolution 7& 
aga9/ consid]ation ( ! jo9t resolution7 
are waiv$4 ,! motion to proce$ is n     
debatable4 ,! motion is n subject to a  
motion to po/pone4 ,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 ( ! resolution is agre$ to1
 ! jo9t resolution %all rema9 ! unf9i%$ 
bus9ess until dispos$ (4  7,b7          
,consid]ation ,consid]ation ( ! jo9t    
resolution1 & 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 ! majority &      
m9ority lead]s or _! designees4 ,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  7,c7 ,vote on passage ,if !  
,s5ate has vot$ to proce$ to a jo9t     
resolution1 ! 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  7,d7  
,rul+s ( ! *air on proc$ure ,appeals f !
 decisions ( ! ,*air relat+ to !        
application ( ! rules ( ! ,s5ate to !   
proc$ure relat+ to a jo9t resolution    
%all be decid$ )\t debate4  7e7         
,coord9ation ) action by o!r h\se  7#a7 
,9 g5]al ,if1 be=e pass+ ! jo9t         
resolution1 "o ,h\se receives f ! o!r a 
jo9t resolution--  7,a7 ! jo9t          
resolution ( ! o!r ,h\se %all n be      
ref]r$ to a committee2 &  7,b7 !        
proc$ure 9 ! receiv+ ,h\se %all be !    
same z if no jo9t resolution _h be5     
receiv$ f ! o!r ,h\se1 except t ! vote  

on f9al passage %all be on ! jo9t       
resolution ( ! o!r ,h\se4  7#b7         
,treatm5t ( jo9t resolution ( o!r h\se  
,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$ures "u ?is section4  7#c7         
,treatm5t ( companion measures ,if1     
foll[+ passage ( ! jo9t resolution 9 !  
,s5ate1 ! ,s5ate receives ! companion   
measure f ! ,h\se ( ,repres5tatives1 !  
companion measure %all n be debatable4  
7#d7 ,consid]ation aft] passage  7,a7 ,9
 g5]al ,if ,congress passes a jo9t      
resolution1 ! p]iod beg9n+ on ! date !  
,presid5t is pres5t$ ) ! jo9t resolution
 & end+ on ! date ! ,presid5t signs1    
all[s to become law )\t ! signature ( ! 
,presid5t1 or vetoes & returns ! jo9t   
resolution 7b exclud+ days :5 ei!r ,h\se
 is n 9 session7 %all be disreg>d$ 9    
comput+ ! cal5d> day p]iod describ$ 9   
p>agraphs 7#b7 & 7#c7 ( subsection 7b74 
7,b7 ,debate ,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#e7   
,veto ov]ride ,if )9 ! cal5d> day p]iod 
describ$ 9 p>agraphs 7#b7 & 7#c7 (      
subsection 7b71 ,congress ov]rides a    
veto ( a jo9t resolution1 ! susp5sion ( 
! limit "u section #caja7;b7 describ$ 9 
p>agraph 7#a7 ( su* subsection %all end 
z o!rwise provid$ by law4  7f7 ,rules ( 
,h\se ( ,repres5tatives & ,s5ate        
,subsections 7a71 7c71 7d71 & 7e7       
7except = p>agraphs 7#d77;,a7 & 7#e7 (  
su* subsection7 are enact$ by           
,congress--  7#a7 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 &  7#b7 )    
full recognition ( ! con/itutional "r ( 
ei!r ,h\se to *ange ! rules 7s f> z     

relat+ to ! proc$ure ( t ,h\se7 at any  
"t1 9 ! same mann]1 & to ! same ext5t z 
9 ! case ( any o!r rule ( t ,h\se4  4   
7#b7 ,transitional rule ,if1 on ! date (
 enactm5t ( ?is ,act1 ! limit "u section
 #caja7;b7 ( title #ca1 ,unit$ ,/ates   
,code1 is n susp5d$1 or ! p]iod ( !     
susp5sion ( su* section ends less ?an   
#df days aft] ! date ( enactm5t ( ?is   
,act1 until ! date on :i* a susp5sion ( 
su* section next takes effect1          
subsection 7b7 ( section #caja;,b (     
title #ca1 ,unit$ ,/ates ,code1 %all be 
appli$ by sub/itut+ = p>agraph 7#a7 (   
su* subsection ! foll[+3  7#a7 ,9 g5]al 
,n lat] ?an #aj days aft] ! date (      
enactm5t ( ?is section1 if ! ,secret>y (
 ! ,treasury det]m9es t fur!r borr[+ w  
be necess>y to meet exi/+ commitm5ts    
aft] ! date ( enactm5t ( ?is section1 ! 
,secret>y ( ! ,treasury %all submit to  
,congress a writt5 c]tification specify+
 ! end ( ! p]iod dur+ :i* ! limit "u    
section #caja7;b7 %\ld be susp5d$1 :i*  
%all be--  7,a7 n lat] ?an #b ye>s aft] 

! o!rwise applicable end ( ! p]iod ( !  
susp5sion ( ! limit "u section #caja7;b7
 9 effect on ! date ( enactm5t ( ?is    
section2 or  7,b7 if ! limit "u su*     
section is n susp5d$ on ! date (        
enactm5t ( ?is section1 n lat] ?an #b   
ye>s aft] ! date ( enactm5t ( ?is       
subsection4  4  7#c7 ,con=m+ am5dm5t ,! 
table ( sections = *apt] #ca ( title    
#ca1 ,unit$ ,/ates ,code1 is am5d$ by   
ins]t+ aft] ! item relat+ to section    
#caja;,a ! foll[+3  #caja;,b4 ,susp5sion
 ( ! debt ceil+4  4  7b7 ,additional    
in=mation on debt ,section              
#aaje7;a77#aj7 ( title #ca1 ,unit$      
,/ates ,code1 is am5d$ by add+ at ! end 
! foll[+3 ,su* in=mation %all include1 z
 a p]c5tage ( ! gross dome/ic product ( 
! ,unit$ ,/ates1 an e/imate ( ! debt    
held by ! public & ! debt held by !     
public net ( f9ancial assets44