3.0.0 3771 2023-01-11T13:29:39Z 2023-01-11T13:29:39Z House HR 2015-10-20 114 [Congressional Record Volume 161, Number 153 (Tuesday, October 20, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. FLORES:H.R. 3771.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 5, Clause 2 of the United StatesConstitution, which on confers each house of Congress thepower to determine the rules of its proceedings; Article 1,Section 8, Clauses 1 and 2 of the United States Constitution,which confer on Congress the power to collect and managerevenue for the payment of debts owed by the United Statesand to borrow money on the credit of the United States; andArticle 1, Section 9, Clause 7 of the United StatesConstitution, which states: ``No Money shall be drawn fromthe Treasury, but in Consequence of Appropriations made byLaw.[Page H7027]]]> hsju00 Judiciary Committee House Standing hsju10 Constitution and Limited Government Subcommittee Referred to 2015-11-03T18:40:37Z Referred to 2015-10-20T16:01:50Z hswm00 Ways and Means Committee House Standing Referred to 2015-10-20T16:02:00Z hsgo00 Oversight and Accountability Committee House Standing Referred to 2015-10-20T16:01:45Z hsru00 Rules Committee House Standing Referred to 2015-10-20T16:01:40Z 2015-11-03 hsju10 Constitution and Limited Government Subcommittee 1 House committee actions Referred to the Subcommittee on the Constitution and Civil Justice. Committee 2015-10-20 Referred to the Committee on Rules, and in addition to the Committees on Oversight and Government Reform, the Judiciary, and Ways and Means, 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2015-10-20 Referred to the Committee on Rules, and in addition to the Committees on Oversight and Government Reform, the Judiciary, and Ways and Means, 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. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2015-10-20 Referred to the Committee on Rules, and in addition to the Committees on Oversight and Government Reform, the Judiciary, and Ways and Means, 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. IntroReferral H11100 2 House floor actions hsgo00 Oversight and Accountability Committee 2015-10-20 Referred to the Committee on Rules, and in addition to the Committees on Oversight and Government Reform, the Judiciary, and Ways and Means, 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. IntroReferral H11100-A 9 Library of Congress 2015-10-20 Referred to the Committee on Rules, and in addition to the Committees on Oversight and Government Reform, the Judiciary, and Ways and Means, 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. IntroReferral H11100 2 House floor actions hsru00 Rules Committee 2015-10-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-10-20 Introduced in House IntroReferral 1000 9 Library of Congress F000461 Rep. Flores, Bill [R-TX-17] Bill Flores R TX 17 N Government Operations and Politics Administrative law and regulatory procedures Appropriations Budget deficits and national debt Budget process Civil actions and liability Congressional operations and organization Constitution and constitutional amendments Economic performance and conditions Executive agency funding and structure House of Representatives Judicial review and appeals Legislative rules and procedure Small business Government Operations and Politics 00 2015-10-20 Introduced in House 2015-12-08T16:51:08Z Terms of Credit Act

This bill establishes expedited legislative procedures for spending reduction legislation, limits regulatory activity, and increases the debt limit.

Eleven House committees must submit to the House Budget Committee legislation to reduce direct spending by specified amounts, and Congress must consider the legislation using expedited procedures. The bill restricts legislative activities and adjournment of the House until the spending reduction legislation and appropriations legislation is passed.

Congress must vote on a balanced budget amendment to the U.S. Constitution by December 31, 2015.

Regulatory Freeze for Jobs Act of 2015

Until July 1, 2017, the bill imposes a moratorium on significant regulatory actions that are likely to result in an annual cost to the economy of at least $50 million or adversely affect the economy or a sector of the economy, productivity, competition, jobs, the environment, public health or safety, small entities, or state, local, or tribal governments or communities.

Midnight Rule Relief Act of 2015

Agencies may not propose or finalize certain rules during the final months of a President's term.

The bill includes an exception for repealing existing regulations and permits waivers for specified regulations.

The bill also increases the debt limit to $19.6 trillion. (Under current law the debt limit is suspended through March 15, 2017, and will be increased on March 16, 2017, to accommodate obligations issued during the suspension period.)

]]> Terms of Credit Act Display Title Terms of Credit Act Official Title as Introduced To establish a procedure in the House of Representatives and the Senate to accomplish the policies contemplated by the Concurrent Resolution on the Budget for Fiscal Year 2016, to encourage the timely completion of fiscal policy work in Congress, and to provide for regulatory relief to grow the economy, and for other purposes. Introduced in House IH Short Titles as Introduced Terms of Credit Act Short Titles as Introduced for portions of this bill Midnight Rule Relief Act of 2015 Short Titles as Introduced for portions of this bill Regulatory Freeze for Jobs Act of 2015 Introduced in House 2015-10-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr3771ih/xml/BILLS-114hr3771ih.xml 2015-11-03 Referred to the Subcommittee on the Constitution and Civil Justice. 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.