3.0.0 1713 2023-01-11T13:21:58Z 2023-01-11T13:21:58Z Senate S S 2011-10-13 112 ssfi00 Finance Committee Senate Standing Referred to 2011-10-13T22:38:23Z Budget Control Act of 2011 112 365 S 2011-08-02 Became Public Law No: 112-25. Related bill CRS Budget Control Act of 2011 112 627 S 2011-08-01 Considered by Senate. (consideration: CR S5156-5158, S5158-5162, S5164-5170, S5171-5178, S5183-5184) Related bill CRS 2011-10-13 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2011-10-13 Introduced in Senate IntroReferral 10000 9 Library of Congress B000711 Sen. Boxer, Barbara [D-CA] BARBARA BOXER D CA N Economics and Public Finance Administrative law and regulatory procedures Budget deficits and national debt Congressional oversight Department of the Treasury Legislative rules and procedure Economics and Public Finance 00 2011-10-13 Introduced in Senate 2012-02-08T22:05:39Z U.S.A. AAA Credit Restoration Act - Directs the Secretary of the Treasury, on the same day the President submits an annual budget proposal to Congress, to submit to Congress a message on the public debt limit. Requires the Secretary to: (1) include an estimate of the amount that the public debt limit will need to be increased, if necessary, for the next year based on estimates of federal revenues and mandatory and discretionary expenditures; and (2) publish in the Federal Register the amount of the debt limit necessary to accommodate such requirements.

Allows the proposed debt limit increase to become law unless Congress disapproves.

Sets forth an expedited process for congressional consideration of a joint resolution to disapprove of the Secretary's exercise of authority to increase the debt limit (thereby replacing the current procedure for increasing the debt limit under the congressional budget process).

]]> U.S.A. AAA Credit Restoration Act Display Title U.S.A. AAA Credit Restoration Act Official Title as Introduced A bill to establish a timely and expeditious process for voting on the statutory debt limit. Introduced in Senate IS Short Titles as Introduced U.S.A. AAA Credit Restoration Act Introduced in Senate 2011-10-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1713is/xml/BILLS-112s1713is.xml 2011-10-13 Read twice and referred to the Committee on Finance. text/xml EN 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. Congressional Research Service, Library of Congress 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.