[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1092 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 1092
To amend title 31 of the United States Code and the Congressional
Budget Act of 1974 to automatically increase the debt limit for the
fiscal year of a budget resolution, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 6, 2025
Mr. Peters (for himself, Mr. Huizenga, Mr. Panetta, and Mr. Nunn of
Iowa) introduced the following bill; which was referred to the
Committee on Rules, and in addition to the Committees on Ways and
Means, and the Budget, for a period to be subsequently determined by
the Speaker, in each case for consideration of such provisions as fall
within the jurisdiction of the committee concerned
_______________________________________________________________________
A BILL
To amend title 31 of the United States Code and the Congressional
Budget Act of 1974 to automatically increase the debt limit for the
fiscal year of a budget resolution, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Responsible Budgeting Act''.
SEC. 2. PRESIDENTIAL REQUEST TO INCREASE THE DEBT LIMIT.
(a) In General.--Title 31, United States Code, is amended by
striking section 3101A and inserting the following:
``Sec. 3101A. Modification of statutory limit on the public debt
``(a) In General.--Upon adoption by Congress of a concurrent
resolution on the budget under section 301 or 304 of the Congressional
Budget Act of 1974 (2 U.S.C. 632, 634) that satisfies the required
ratio, as determined by the Congressional Budget Office, the Clerk of
the House of Representatives shall prepare an engrossment of a joint
resolution in the form prescribed in subsection (b) increasing the
statutory limit on the public debt to the amount of debt subject to
limit specified by such concurrent resolution. Upon engrossment of the
joint resolution, the vote by which the concurrent resolution on the
budget was adopted by the House of Representatives shall also be
considered as a vote on passage of the joint resolution in the House of
Representatives, and the joint resolution shall be considered as passed
by the House of Representatives and duly certified and examined. The
engrossed copy shall be signed by the Clerk of the House of
Representatives and transmitted to the Senate. Upon receipt of the
House of Representatives joint resolution in the Senate, the vote by
which the concurrent resolution on the budget was adopted in the Senate
shall also be considered as a vote on passage of the joint resolution
in the Senate, and the joint resolution shall be considered as passed
by the Senate, duly certified and examined, and transmitted to the
House of Representatives for enrollment.
``(b) Form of Joint Resolution.--The form of the joint resolution
described in this subsection is a joint resolution--
``(1) which does not have a preamble;
``(2) the title of which is only as follows: `Joint
resolution increasing the debt limit, as prepared under section
3101A of title 31, United States Code, on ______' (with the
blank containing the date on which the joint resolution is
prepared); and
``(3) the matter after the resolving clause which is only
as follows: `The limitation under section 3101(b) of title 31,
United States Code, is increased by $___ ' (with the blank
being filled with the increase, expressed as a dollar amount,
of the debt subject to limit, as determined under subsection
(c)).
``(c) Determination.--The dollar amount under subsection (b)(3)
shall be equal to the amount necessary to increase the total debt
subject to limit on the date of enactment of such joint resolution to
the amount that such limit is estimated to be on the last day of the
budget year covered by the applicable concurrent resolution on the
budget.
``(d) Rule of Construction.--Nothing in this section shall be
construed as limiting or otherwise affecting--
``(1) the power of the House of Representatives or the
Senate to consider and pass bills or joint resolutions, without
regard to the procedures under subsection (a), that would
change the statutory limit on the public debt; or
``(2) the rights of Members, Delegates, the Resident
Commissioner, or committees with respect to the introduction,
consideration, and reporting of such bills or joint
resolutions.
``(e) Definitions.--In this section and section 3101B--
``(1) the term `required ratio' means the ratio that
reduces by not less than 5 percentage points the projected
ratio under current law of debt held by the public to Gross
Domestic Product in the tenth fiscal year after the current
fiscal year; and
``(2) the term `statutory limit on the public debt' means
the maximum face amount of obligations issued under authority
of this chapter and obligations guaranteed as to principal and
interest by the United States (except such guaranteed
obligations as may be held by the Secretary of the Treasury),
as determined under section 3101(b) after the application of
section 3101(a), that may be outstanding at any one time.
``Sec. 3101B. Presidential modification of the debt ceiling
``(a) In General.--
``(1) Written notification.--If, for a fiscal year,
Congress does not adopt a concurrent resolution on the budget
that satisfies the required ratio by the covered date, the
President may submit a written notification to Congress,
including a debt reduction proposal with legislative language
that satisfies the required ratio, that the President is
increasing the statutory limit on the public debt subject to
limit in section 3101(b) and that further borrowing is required
to meet existing commitments.
``(2) Effect of notification.--
``(A) In general.--Subject to subparagraph (C),
upon the submission of a written notification by the
President under paragraph (1), including a debt
reduction proposal comprised of legislative text that
the Director of the Office of Management and Budget has
determined satisfies the required ratio, the statutory
limit on the public debt shall be increased by an
amount determined under subparagraph (D).
``(B) Effective date.--Except as provided in
subparagraph (C), an increase of the statutory limit on
the public debt under subparagraph (A) shall take
effect on the date that is 30 calendar days after the
date on which the written notification is submitted by
the President under paragraph (1).
``(C) Limitation on authority.--The statutory limit
on the public debt shall not be increased under this
paragraph if, during the 30-calendar-day period
beginning on the date on which Congress receives a
notification under this paragraph, Congress enacts into
law a joint resolution of disapproval in accordance
with subsection (b).
``(D) Determination of increase.--The increase of
the statutory limit on the public debt under
subparagraph (A) shall be equal to the amount necessary
to increase the total debt subject to limit to the
amount that such limit is estimated to be on the last
day of the first fiscal year beginning after the
covered date. The Office of Management and Budget shall
determine the amount of such increase using baseline
estimates provided by the Congressional Budget Office.
``(3) Covered date defined.--For purposes of paragraph (1),
the term `covered date' means the earlier of--
``(A) April 15 of the calendar year in which the
fiscal year of the applicable concurrent resolution on
the budget begins; or
``(B) 60 days before the date on which the
statutory limit on the public debt will be reached, as
described in the congressional notification submitted
by the Secretary of the Treasury.
``(b) Joint Resolution of Disapproval.--
``(1) In general.--If a joint resolution of disapproval has
not been enacted by the end of the 30-calendar-day period
beginning on the date on which the presidential notification to
which the joint resolution relates was received by Congress
under subsection (a), the statutory limit on public debt shall
be increased as specified in the presidential notification.
``(2) Contents of joint resolution.--For the purpose of
this section, the term `joint resolution' means only a joint
resolution--
``(A) that is introduced between the date the
written notification is received and 3 calendar days
after that date (or if the House of Representatives or
Senate is not in session, the next calendar date in
which it is in session);
``(B) which does not have a preamble;
``(C) the title of which is only as follows: `Joint
resolution relating to the disapproval of the
President's exercise of authority to increase the debt
limit, as submitted under section 3101B(a) of title 31,
United States Code, on ______' (with the blank
containing the date of such submission); and
``(D) the matter after the resolving clause of
which is only as follows: `That Congress disapproves of
the President's exercise of authority to increase the
debt limit, as exercised pursuant to the written
notification under section 3101B(a) of title 31, United
States Code.'.
``(c) Expedited Consideration in the House of Representatives.--
``(1) Reconvening.--Upon receipt of a written notification
described in subsection (a)(1), the Speaker of the House of
Representatives, if the House of Representatives would
otherwise be adjourned, shall notify the Members of the House
of Representatives that, pursuant to this section, the House of
Representatives shall convene not later than the second
calendar day after receipt of such written notification.
``(2) Reporting and discharge.--A joint resolution
introduced under paragraph (1) shall be referred to the
Committee on Ways and Means of the House of Representatives and
such committee shall report the joint resolution to the House
of Representatives without amendment not later than 5 calendar
days after the date on which the joint resolution is
introduced. If the Committee on Ways and Means fails to report
the joint resolution within the 5-day period, the Committee on
Ways and Means shall be discharged from further consideration
of the joint resolution and it shall be referred to the
appropriate calendar.
``(3) Proceeding to consideration.--Upon report or
discharge from the Committee on Ways and Means of the House of
Representatives, and not later than 6 days after the date on
which the joint resolution is introduced under paragraph (1),
it shall be in order to move to proceed to consider the joint
resolution in the House of Representatives. All points of order
against the motion are waived. Such a motion shall not be in
order after the House of Representatives has disposed of a
motion to proceed on a joint resolution addressing a particular
submission. The previous question shall be considered as
ordered on the motion to its adoption without intervening
motion. The motion shall not be debatable. A motion to
reconsider the vote by which the motion is disposed of shall
not be in order.
``(4) Consideration.--The joint resolution shall be
considered as read. All points of order against the joint
resolution and against its consideration are waived. 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 opponent. A motion to reconsider the vote on passage of
the joint resolution shall not be in order.
``(d) Expedited Procedure in Senate.--
``(1) Reconvening.--Upon receipt of a written notification
under subsection (a)(1), if the Senate has adjourned or
recessed for more than 2 days, the majority leader of the
Senate, after consultation with the minority leader of the
Senate, shall notify the Members of the Senate that, pursuant
to this section, the Senate shall convene not later than the
second calendar day after receipt of such message.
``(2) Placement on calendar.--Upon introduction in the
Senate, the joint resolution shall be immediately placed on the
calendar.
``(3) Floor consideration.--
``(A) In general.--Notwithstanding Rule XXII of the
Standing Rules of the Senate, it is in order at any
time during the period beginning on the day after the
date on which Congress receives a written notification
under subsection (a) and ending on the sixth day after
the date on which Congress receives a written
notification under subsection (a) (even though a
previous motion to the same effect has been disagreed
to) to move to proceed to the consideration of the
joint resolution, and all points of order against the
joint resolution (and against consideration of the
joint resolution) are waived. The motion to proceed is
not debatable. The motion is not subject to a motion to
postpone. A motion to reconsider the vote by which the
motion is agreed to or disagreed to shall not be in
order. If a motion to proceed to the consideration of
the resolution is agreed to, the joint resolution shall
remain the unfinished business until disposed of.
``(B) Consideration.--Consideration of the joint
resolution, and on all debatable motions and appeals in
connection therewith, shall be limited to not more than
10 hours, which shall be divided equally between the
majority and minority leaders or their designees. A
motion further to limit debate is in order and not
debatable. An amendment to, or a motion to postpone, or
a motion to proceed to the consideration of other
business, or a motion to recommit the joint resolution
is not in order.
``(C) Vote on passage.--If the Senate has voted to
proceed to a joint resolution, the vote on passage of
the joint resolution shall occur immediately following
the conclusion of consideration of the joint
resolution, and a single quorum call at the conclusion
of the debate if requested in accordance with the rules
of the Senate.
``(D) Rulings of the chair on procedure.--Appeals
from the decisions of the Chair relating to the
application of the rules of the Senate, as the case may
be, to the procedure relating to a joint resolution
shall be decided without debate.
``(e) Amendment Not in Order.--A joint resolution of disapproval
considered pursuant to this section shall not be subject to amendment
in either the House of Representatives or the Senate.
``(f) Coordination With Action by Other House.--
``(1) In general.--If, before passing the joint resolution,
one House receives from the other a joint resolution--
``(A) the joint resolution of the other House shall
not be referred to a committee; and
``(B) 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 passage, when
the joint resolution received from the other house
shall supplant the joint resolution of the receiving
House.
``(2) Treatment of joint resolution of other house.--If the
Senate fails to introduce or consider a joint resolution under
this section, the joint resolution of the House shall be
entitled to expedited floor procedures under this section.
``(3) Treatment of companion measures.--If, following
passage of the joint resolution in the Senate, the Senate then
receives the companion measure from the House of
Representatives, the companion measure shall not be debatable.
``(4) Consideration after passage.--
``(A) In general.--If Congress passes a joint
resolution, the period beginning on the date the
President is presented with the joint resolution and
ending on the date the President signs, allows to
become law without the signature of the President, or
vetoes and returns the joint resolution (but excluding
days when either House is not in session) shall be
disregarded in computing the appropriate calendar day
period described in subsection (b)(1).
``(B) Debate on veto message.--Debate on a veto
message in the Senate under this section shall be 1
hour equally divided between the majority and minority
leaders or their designees.
``(C) Veto override.--If, within the 30-calendar-
day period described in subsection (b)(1), Congress
overrides a veto of a joint resolution, the limitation
in effect under section 3101(b) shall not be suspended.
``(g) Rules of House of Representatives and Senate.--This section
and section 3101A are enacted by Congress--
``(1) as an exercise of the rulemaking power of the Senate
and House of Representatives, respectively, and as such it is
deemed a part of the rules of each House, respectively, but
applicable only with respect to the procedure to be followed in
that House in the case of a joint resolution, and it supersedes
other rules only to the extent that it is inconsistent with
such rules; and
``(2) with full recognition of the constitutional right of
either House to change the rules (so far as relating to the
procedure of that House) at any time, in the same manner, and
to the same extent as in the case of any other rule of that
House.''.
(b) Clerical Amendment.--The table of sections of subchapter I of
chapter 31 of title 31, United States Code, is amended by striking the
item relating to section 3101A and inserting the following:
``3101A. Modification of statutory limit on the public debt.
``3101B. Presidential modification of the debt ceiling.''.
SEC. 3. CONSIDERATION OF THE DEBT REDUCTION PROPOSAL SUBMITTED BY THE
PRESIDENT.
(a) In General.--Part A of title IV of the Congressional Budget and
Impoundment Control Act of 1974 (2 U.S.C. 651 et seq.) is amended by
inserting after section 406 the following:
``SEC. 407. CONSIDERATION OF THE DEBT REDUCTION PROPOSAL SUBMITTED BY
THE PRESIDENT.
``(a) In General.--Any debt reduction proposal submitted by the
President under section 3101B(a)(2)(A) of title 31, United States Code,
is required to satisfy the required ratio as determined by the Office
of Management and Budget.
``(b) Consideration of the President's Proposal in the House of
Representatives.--
``(1) Introduction.--Any debt reduction proposal submitted
by the President under section 3101B of title 31, United States
Code, shall be introduced by the majority or minority leader of
the House of Representatives or their designees. Upon
introduction, the Chair of the Committee on the Budget shall
within 3 days submit the proposal to the Congressional Budget
Office to be scored.
``(2) Referral.--Any proposal introduced under paragraph
(1) shall be referred to the Committee on the Budget of the
House of Representatives.
``(3) Requests by budget committee.--Not later than 3 days
after the date on which a proposal is referred under paragraph
(2), the Chair of the Committee on the Budget of the House of
Representatives shall submit to each appropriate committee of
the House a debt reduction target and a request that, during
the 30-day period beginning on the date on which the request is
made, the appropriate committee submit to the Committee on the
Budget of the House--
``(A) a general assessment of the proposal
introduced under paragraph (1); and
``(B) a legislative proposal within the committee's
jurisdiction that results in debt reduction meeting or
exceeding the target assigned to the committee under
this paragraph.
``(4) Reported legislation by budget committee.--
``(A) In general.--The Committee on the Budget of
the House of Representatives shall report a bill that
meets the required ratio not later than 60 days after
the date on which the President submits a debt
reduction proposal under this section.
``(B) Contents of legislation.--The bill reported
under subparagraph (A) may include--
``(i) the debt reduction proposal submitted
by the President under this section, including
any modifications to such proposal by the
Committee on Budget of the House of
Representatives that are necessary to make it
achieve the required ratio; and
``(ii) the compilation of proposals
submitted to the Committee on Budget of the
House of Representatives under paragraph (3),
including any modifications to such package by
such Committee that are necessary to make it
achieve the required ratio.
``(C) CBO score.--
``(i) In general.--No bill may be reported
under subparagraph (A) unless the Chair of the
Committee on the Budget--
``(I) submits to the Director of
the Congressional Budget Office such
bill for a cost estimate to be prepared
under section 402; and
``(II) receives from the Director a
cost estimate described in subclause
(I) that includes a statement that such
bill meets the required ratio.
``(ii) Time period.--The 60-day period
described in subparagraph (A) shall not include
the period beginning on the date on which the
Chair of the Committee on the Budget of the
House of Representatives submits to the
Director of the Congressional Budget Office the
bill under clause (i)(I) and ending on the date
on which the Chair receives the cost estimate
under clause (i)(II).
``(5) Discharge.--
``(A) In general.--If the Committee on the Budget
of the House of Representatives fails to report a bill
within 60 days after the referral of the proposal
submitted under section 3101B of title 31, United
States Code, and such proposal has been determined by
the Director to satisfy the required ratio, then the
committee shall be discharged from further
consideration of the bill that embodies the debt
reduction proposal of the President and it shall be
referred to the appropriate calendar.
``(B) Consideration.--In the House of
Representatives, if the Committee on Rules fails to
report a rule within 7 legislative days of the bill
being placed on the Calendar for the consideration of a
bill reported by the Committee on the Budget under
paragraph (4) or discharged under subparagraph (A) of
this paragraph which has been determined by the
Director to satisfy the required ratio, then any Member
may offer a privilege resolution providing for the
consideration of the bill. Such resolution shall
provide that upon its adoption it shall be in order to
consider in the House of Representatives the bill. The
bill under the procedure set forth in section 408(c)
shall be debatable for two hours equally divided and
controlled by a proponent and opponent of thereof. The
previous question shall be considered as ordered on the
bill of final passage without intervening motion except
1 motion to recommit.
``(c) Consideration of the President's Proposal in the Senate.--
``(1) Introduction.--Any debt reduction proposal submitted
by the President under section 3101B of title 31, United States
Code, shall be introduced by the majority or minority leader of
the Senate or their designees. Upon introduction, the Chair of
the Committee on the Budget shall within 3 days submit the
proposal to the Congressional Budget Office to be scored.
``(2) Referral.--Any proposal introduced under paragraph
(1) shall be referred to the Committee on the Budget of the
Senate.
``(3) Requests by budget committee.--
``(A) Appropriate committees.--Not later than 3
days after the date on which a proposal is referred
under paragraph (2), the Chair of the Committee on the
Budget of the Senate shall submit to each appropriate
committee of the Senate a debt reduction target and a
request that, during the 30-day period beginning on the
date on which the request is made, the appropriate
committee submit to the Committee on the Budget of the
Senate--
``(i) a general assessment of the proposal
introduced under paragraph (1); and
``(ii) a legislative proposal within the
committee's jurisdiction that results in debt
reduction meeting or exceeding the target
assigned to the committee under this
subparagraph.
``(B) Other proposals.--Any Member of the Senate
may introduce a bill that meets the required ratio, as
determined by the Congressional Budget Office, which
shall be referred to the Committee on the Budget of the
Senate if the proposal is sponsored by not less than
one-fifth of the Members, duly chosen and sworn,
including--
``(i) not fewer than 10 Members who are
members of or caucus with the members of the
political party of the majority leader of the
Senate; and
``(ii) not fewer than 10 Members who are
members of or caucus with any other political
party that is not the political party of the
majority leader of the Senate.
``(4) Reported legislation by budget committee.--
``(A) In general.--The Committee on the Budget of
the Senate shall report at least one bill that meets
the required ratio not later than 60 days after the
date on which the President submits a debt reduction
proposal under this section.
``(B) Contents of legislation.--A bill reported
under subparagraph (A) may include--
``(i) the debt reduction proposal submitted
by the President under this subsection,
including any modifications to such proposal by
the Committee on Budget of the Senate that are
necessary to make it achieve the required
ratio;
``(ii) the compilation of proposals
submitted to the Committee on Budget of the
Senate under subparagraph (3)(A), including any
modifications to such package by the Committee
on Budget of the Senate that are necessary to
make it achieve the required ratio; or
``(iii) any proposal submitted to the
Committee on Budget of the Senate under
subparagraph (3)(B).
``(C) CBO score.--
``(i) In general.--No bill may be reported
under subparagraph (A) unless the Chair of the
Committee on the Budget--
``(I) submits to the Director of
the Congressional Budget Office such
bill for a cost estimate to be prepared
under section 402; and
``(II) receives from the Director a
cost estimate described in subclause
(I) that includes a statement that such
bill meets the required ratio.
``(ii) Time period.--The 60-day period
described in subparagraph (A) shall not include
the period beginning on the date on which the
Chair of the Committee on the Budget of the
Senate submits to the Director of the
Congressional Budget Office the bill under
clause (i)(I) and ending on the date on which
the Chair receives the cost estimate under
clause (i)(II).
``(5) Discharge.--If the Committee on the Budget of the
Senate has not reported a bill under paragraph (4) before the
end of the 60-day period described in that paragraph, the
Committee on the Budget of the Senate shall be automatically
discharged from further consideration of--
``(A) the proposal introduced under paragraph (1),
which shall be placed on the appropriate calendar; and
``(B) any proposal submitted under paragraph
(3)(B), which shall be placed on the appropriate
calendar.
``(d) Definition.--In this section and section 408, the term
`required ratio' means the ratio that reduces by not less than 5
percentage points the projected ratio under current law of debt held by
the public to Gross Domestic Product in the tenth fiscal year after the
current fiscal year.
``SEC. 408. CONSIDERATION IN THE HOUSE OF REPRESENTATIVES OF
ALTERNATIVE DEBT REDUCTION PROPOSALS.
``(a) Introduction.--In the House of Representatives, any bill that
satisfies the required ratio as determined by the Congressional Budget
Office and does not contain any matter that is unrelated to debt
reduction may be introduced by the majority leader, the minority
leader, or by any other Member (if that Member's proposed bill is
cosponsored by at least 145 other Members or by at least 20 Members of
the majority party and 20 Members of the minority party).
``(b) Referral to Committee on Rules.--Any bill introduced under
subsection (a) shall be referred to the Committee on Rules. Each such
bill shall be scored by the Director of the Congressional Budget Office
to determine if such bill satisfies the required ratio. If such bill
achieves the required ratio, it shall be reported without amendment to
the House for its consideration within 30 calendar days of the date of
introduction of the bill.
``(c) Queen-of-the-Hill Rule for Consideration.--In the House of
Representatives, any bill described in section 407 and any bill
reported under subsection (b) shall be considered in the House of
Representatives pursuant to a special order of business if the text of
the bill provides that the text of all such bills reported under
subsection (b) may be offered as amendments in the nature of a
substitute and if more than one such amendment is adopted then the one
receiving the greater number of affirmative recorded votes shall be
considered as finally adopted.
``SEC. 409. CONSIDERATION ON THE FLOOR OF THE SENATE.
``(a) In General.--Notwithstanding Rule XXII of the Standing Rules
of the Senate, it is in order, not later than 5 days of session after
the date on which a bill meeting the requirements of section 407(c)(4)
is reported from the Committee on the Budget of the Senate or the date
on which any proposal is placed on the calendar after discharge under
section 407(c)(5), as applicable, for the majority leader of the Senate
or a Member of the Senate designated by the majority leader of the
Senate to move to proceed to the consideration of the bill. It shall
also be in order, notwithstanding Rule XXII of the Standing Rules of
the Senate, for any Member of the Senate to move to proceed to the
consideration of the bill at any time after the conclusion of such 5-
day period. A motion to proceed is in order even though a previous
motion to the same effect has been disagreed to. All points of order
against the motion to proceed to the bill are waived. The motion is not
subject to a motion to postpone. A motion to reconsider the vote by
which the motion is agreed to or disagreed to shall not be in order.
Consideration of the motion to proceed shall be limited to not more
than 10 hours equally divided between the majority leader and the
minority leader or their designees. A motion to proceed shall require
an affirmative vote of three-fifths of Senators duly chosen and sworn.
``(b) Extraneous Provisions.--
``(1) In general.--When the Senate is considering a bill
under subsection (a), upon a point of order being made by any
Senator against a extraneous material contained in the joint
resolution, and the point of order is sustained by the Chair,
the provision that contains the extraneous material shall be
stricken from the joint resolution.
``(2) Extraneous material defined.--In this subsection, the
term `extraneous material' means--
``(A) a provision that does not produce a change in
outlays or revenue, including changes in outlays and
revenues brought about by changes in the terms and
conditions under which outlays are made or revenues are
required to be collected (but a provision in which
outlay decreases or revenue increases exactly offset
outlay increases or revenue decreases shall not be
considered extraneous by virtue of this subparagraph);
or
``(B) a provision producing changes in outlays or
revenues which are merely incidental to the non-
budgetary components of the provision.
``(3) Form of the point of order.--A point of order under
paragraph (1) may be raised by a Senator as provided in section
313(e) of the Congressional Budget Act of 1974 (2 U.S.C.
644(e)).
``SEC. 410. CONSIDERATION BY OTHER HOUSE.
``If a House of Congress receives a bill passed by the other House
under section 408 or 409 and has not yet passed a bill under section
408 or 409, the following procedures for consideration shall apply:
``(1) Expedited consideration in the house of
representatives.--
``(A) Proceeding to consideration.--
``(i) In general.--It shall be in order,
not later than 30 days after the date on which
the House of Representatives receives a bill
passed by the Senate under section 409, to move
to proceed to consider the bill in the House of
Representatives.
``(ii) Procedure.--For a motion to proceed
to consider a bill under this subparagraph--
``(I) all points of order against
the motion are waived;
``(II) such a motion shall not be
in order after the House of
Representatives has disposed of a
motion to proceed on the bill;
``(III) the previous question shall
be considered as ordered on the motion
to its adoption without intervening
motion;
``(IV) the motion shall not be
debatable; and
``(V) a motion to reconsider the
vote by which the motion is disposed of
shall not be in order.
``(B) Consideration.--If the House of
Representatives proceeds to consideration of a bill
under this paragraph--
``(i) the bill shall be considered as read;
``(ii) all points of order against the bill
and against its consideration are waived;
``(iii) the previous question shall be
considered as ordered on the bill to its
passage without intervening motion except three
hours of debate equally divided and controlled
by the proponent and an opponent;
``(iv) an amendment to the bill shall not
be in order; and
``(v) a motion to reconsider the vote on
passage of the bill shall not be in order.
``(2) Expedited consideration in the senate.--
``(A) Proceeding to consideration.--
``(i) In general.--Notwithstanding rule
XXII of the Standing Rules of the Senate, it is
in order, not later than 30 days after the date
on which the Senate receives a bill passed
under section 408 by the House of
Representatives, to move to proceed to consider
the bill in the Senate.
``(ii) Procedure.--For a motion to proceed
to the consideration of a bill under this
paragraph--
``(I) all points of order against
the motion are waived;
``(II) the motion is not debatable;
``(III) the motion is not subject
to a motion to postpone;
``(IV) a motion to reconsider the
vote by which the motion is agreed to
or disagreed to shall not be in order;
and
``(V) if the motion is agreed to,
the bill shall remain the unfinished
business until disposed of.
``(B) Floor consideration generally.--If the Senate
proceeds to consideration of a bill under this
paragraph--
``(i) all points of order against the bill
(and against consideration of the bill) are
waived;
``(ii) consideration of the bill, and all
debatable motions and appeals in connection
therewith, shall be limited to not more than 20
hours, which shall be divided equally between
the majority and minority leaders or their
designees;
``(iii) a motion further to limit debate is
in order and not debatable;
``(iv) an amendment to, a motion to
postpone, or a motion to recommit the bill is
not in order; and
``(v) a motion to proceed to the
consideration of other business is not in
order.
``(C) Vote on passage.--The vote on passage of a
bill under this paragraph shall occur immediately
following the conclusion of the consideration of the
bill, and a single quorum call at the conclusion of the
debate if requested in accordance with the rules of the
Senate, and shall require an affirmative vote of three-
fifths of the Members of the Senate duly chosen and
sworn.
``(3) Conferences.--If the Senate and the House of
Representatives have both passed the bill in different forms,
then a conference committee on the bill shall be considered as
ordered and the Speaker of the House of Representatives and the
majority leader of the Senate shall immediately appoint
Managers to such conference committee to resolve any
disagreement between the Houses.''.
(b) Clerical Amendment.--The table of contents in section 1(b) of
the Congressional Budget and Impoundment Control Act of 1974 is amended
by inserting after the item relating to section 406 the following:
``Sec. 407. Consideration of the debt reduction proposal submitted by
the President.
``Sec. 408. Consideration in the House of Representatives of
alternative debt reduction proposals.
``Sec. 409. Consideration on the floor of the Senate.
``Sec. 410. Consideration by other house.''.
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