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    <updateDate>2019-11-15T21:47:34Z</updateDate>
    <updateDateIncludingText>2019-11-15T21:47:34Z</updateDateIncludingText>
    <originChamber>House</originChamber>
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    <introducedDate>2005-02-10</introducedDate>
    <congress>109</congress>
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            <name>Trade Subcommittee</name>
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                <name>Referred to</name>
                <date>2005-03-03T21:11:55Z</date>
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            <date>2005-02-10T15:06:05Z</date>
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        <title>Foreign Debt Ceiling Act of 2005</title>
        <congress>109</congress>
        <number>355</number>
        <type>S</type>
        <latestAction>
          <actionDate>2005-02-10</actionDate>
          <text>Read twice and referred to the Committee on Foreign Relations.</text>
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        <actionDate>2005-03-03</actionDate>
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        <text>Referred to the Subcommittee on Trade.</text>
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        <text>Referred to the House Committee on Ways and Means.</text>
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        <bioguideId>C000141</bioguideId>
        <fullName>Rep. Cardin, Benjamin L. [D-MD-3]</fullName>
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        <state>MD</state>
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        <fullName>Rep. Rangel, Charles B. [D-NY-15]</fullName>
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        <state>NY</state>
        <middleName>B.</middleName>
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        <sponsorshipDate>2005-02-10</sponsorshipDate>
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        <fullName>Rep. Levin, Sander M. [D-MI-12]</fullName>
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        <state>MI</state>
        <middleName>M.</middleName>
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        <bioguideId>M000404</bioguideId>
        <fullName>Rep. McDermott, Jim [D-WA-7]</fullName>
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        <lastName>MCDERMOTT</lastName>
        <party>D</party>
        <state>WA</state>
        <district>7</district>
        <sponsorshipDate>2005-02-10</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <fullName>Rep. Lewis, John [D-GA-5]</fullName>
        <firstName>JOHN</firstName>
        <lastName>LEWIS</lastName>
        <party>D</party>
        <state>GA</state>
        <district>5</district>
        <sponsorshipDate>2005-02-10</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <bioguideId>J000070</bioguideId>
        <fullName>Rep. Jefferson, William J. [D-LA-2]</fullName>
        <firstName>WILLIAM</firstName>
        <lastName>JEFFERSON</lastName>
        <party>D</party>
        <state>LA</state>
        <middleName>J.</middleName>
        <district>2</district>
        <sponsorshipDate>2005-02-10</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>B000287</bioguideId>
        <fullName>Rep. Becerra, Xavier [D-CA-31]</fullName>
        <firstName>XAVIER</firstName>
        <lastName>BECERRA</lastName>
        <party>D</party>
        <state>CA</state>
        <district>31</district>
        <sponsorshipDate>2005-02-10</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <bioguideId>L000557</bioguideId>
        <fullName>Rep. Larson, John B. [D-CT-1]</fullName>
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        <lastName>LARSON</lastName>
        <party>D</party>
        <state>CT</state>
        <middleName>B.</middleName>
        <district>1</district>
        <sponsorshipDate>2005-02-10</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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        <bioguideId>N000015</bioguideId>
        <fullName>Rep. Neal, Richard E. [D-MA-2]</fullName>
        <firstName>RICHARD</firstName>
        <lastName>NEAL</lastName>
        <party>D</party>
        <state>MA</state>
        <middleName>E.</middleName>
        <district>2</district>
        <sponsorshipDate>2005-02-10</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
        <bioguideId>E000287</bioguideId>
        <fullName>Rep. Emanuel, Rahm [D-IL-5]</fullName>
        <firstName>Rahm</firstName>
        <lastName>Emanuel</lastName>
        <party>D</party>
        <state>IL</state>
        <district>5</district>
        <sponsorshipDate>2005-02-10</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>J000284</bioguideId>
        <fullName>Rep. Jones, Stephanie Tubbs [D-OH-11]</fullName>
        <firstName>STEPHANIE</firstName>
        <lastName>JONES</lastName>
        <party>D</party>
        <state>OH</state>
        <middleName>TUBBS</middleName>
        <district>11</district>
        <sponsorshipDate>2005-02-16</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Foreign Trade and International Finance</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Balance of payments</name>
        </item>
        <item>
          <name>Congress</name>
        </item>
        <item>
          <name>Congress and foreign policy</name>
        </item>
        <item>
          <name>Congressional reporting requirements</name>
        </item>
        <item>
          <name>Economic statistics</name>
        </item>
        <item>
          <name>Economics and Public Finance</name>
        </item>
        <item>
          <name>Foreign investments</name>
        </item>
        <item>
          <name>Foreign loans</name>
        </item>
        <item>
          <name>Gross national product</name>
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        <item>
          <name>International Affairs</name>
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        <item>
          <name>Planning</name>
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      <policyArea>
        <name>Foreign Trade and International Finance</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2005-02-10</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2005-03-14T21:31:23Z</updateDate>
        <text><![CDATA[ <p>Foreign Debt Ceiling Act of 2005 - Requires the U.S. Trade Representative (USTR), every three months, to determine if: (1) the net U.S. foreign debt for the preceding 12-month period is more than 25 percent of the U.S. Gross Domestic Product (GDP) for the same period; or (2) the U.S. trade deficit for such period is more than five percent of the GDP for the same period. Requires the USTR, whenever an affirmative determination is made, to: (1) convene an emergency meeting of the Trade Policy Review Group to develop a plan of action to reduce the U.S. trade deficit; and (2) report to Congress on the details of the plan.</p>]]></text>
      </summary>
    </summaries>
    <title>Foreign Debt Ceiling Act of 2005</title>
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      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Foreign Debt Ceiling Act of 2005</title>
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      <item>
        <titleType>Display Title</titleType>
        <title>Foreign Debt Ceiling Act of 2005</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To require Congress to impose limits on United States foreign debt.</title>
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    </titles>
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        <type>Introduced in House</type>
        <date>2005-02-10T05:00:00Z</date>
        <formats/>
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    <latestAction>
      <actionDate>2005-03-03</actionDate>
      <text>Referred to the Subcommittee on Trade.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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