3.0.0 3835 2023-01-11T13:29:36Z 2023-01-11T13:29:36Z House HR 2015-10-27 114 [Congressional Record Volume 161, Number 158 (Tuesday, October 27, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BROOKS of Alabama:H.R. 3835.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8. The Congress shall have Power. . .to pay debts. . .Article V. The Congress, whenever two thirds of bothHouses shall deem it necessary, shall propose Amendments tothis Constitution. . .[Page H7254]]]> hswm00 Ways and Means Committee House Standing Referred to 2015-10-27T14:01:40Z 2015-10-27 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2015-10-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-10-27 Introduced in House IntroReferral 1000 9 Library of Congress B001274 Rep. Brooks, Mo [R-AL-5] Mo Brooks R AL 5 N Economics and Public Finance Budget deficits and national debt Constitution and constitutional amendments General taxation matters Income tax rates Legislative rules and procedure Economics and Public Finance 00 2015-10-27 Introduced in House 2016-01-04T19:21:01Z Protecting America's Solvency Act of 2015

This bill increases the statutory debt limit by $1 trillion after Congress adopts a balanced budget Constitutional amendment and by an additional $1 trillion after the amendment is ratified by the states.

To comply with the requirements of this bill, the amendment must:

  • prohibit total outlays for a year from exceeding receipts, excluding receipts derived from borrowing and outlays for repayment of debt principal;
  • permit the deficit prohibition to be suspended by a majority of both houses of Congress in any year in which the United States is actively engaged in military conflict pursuant to a war declared by Congress or by a fourth-fifths vote in any other year;
  • require the President to ensure that total outlays for a fiscal year do not exceed receipts and consider the failure to prevent a deficit to be an impeachable offense;
  • permit any Member of Congress, governor, or attorney general to have standing and a cause of action to seek judicial enforcement of the amendment;
  • prohibit the President, a court, or any state from ordering a tax increase or other revenue measures to enforce the requirements; and
  • phase-in the requirements using a specified schedule of declining deficits.
]]> Protecting America's Solvency Act of 2015 Display Title Protecting America's Solvency Act of 2015 Official Title as Introduced To increase the statutory limit on the public debt by $1 trillion upon the adoption by Congress of a balanced budget Constitutional amendment and by an additional $1 trillion upon ratification by the States of that amendment. Introduced in House IH Short Titles as Introduced Protecting America's Solvency Act of 2015 Introduced in House 2015-10-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr3835ih/xml/BILLS-114hr3835ih.xml 2015-10-27 Referred to the House Committee on Ways and Means. 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.