[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4587 Introduced in House (IH)]

111th CONGRESS
  2d Session
                                H. R. 4587

   To amend the Congressional Budget Act of 1974 to require spending 
   limits be imposed when the statutory limit on the public debt is 
                               increased.


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                    IN THE HOUSE OF REPRESENTATIVES

                            February 3, 2010

Mr. Neugebauer introduced the following bill; which was referred to the 
Committee on Rules, and in addition to the Committee on 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 the Congressional Budget Act of 1974 to require spending 
   limits be imposed when the statutory limit on the public debt is 
                               increased.

    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 ``Cap Spending to Reduce Borrowing 
Act''.

SEC. 2. SPENDING LIMITS WHEN DEBT CEILING INCREASED.

    (a) In General.--Section 312 of the Congressional Budget Act of 
1974 is amended by adding at the end the following new subsection:
    ``(g) Point of Order To Require Spending Limits Whenever Debt 
Ceiling Increases.--(1) Except as provided by paragraph (2), it shall 
not be in order in the House of Representatives or the Senate to 
consider any bill or joint resolution, or amendment thereto or 
conference report thereon, that increases the statutory limit on the 
public debt unless such bill, joint resolution, amendment, or 
conference report, as the case may be, includes limits on the total 
level of discretionary spending and on the total level of direct 
spending for each of 10 consecutive fiscal years beginning with the 
first fiscal year in which the increase in the statutory limit on the 
public debt would occur.
    ``(2) Paragraph (1) shall not apply to any measure that increases 
the statutory limit on the public debt if statutory limits on the total 
level of discretionary spending and on the total level of direct 
spending for each of 10 consecutive fiscal years beginning with the 
first fiscal year in which the increase in the statutory limit on the 
public debt would occur are in place.''.
    (b) Conforming Amendment.--Subsections (c)(1) and (d)(2) of section 
904 of the Congressional Budget Act of 1974 are each amended by 
inserting ``312(g),'' after ``310(d)(2),''.

SEC. 3. REPEAL OF GEPHARDT RULE.

    The Rules of the House of Representatives are amended by repealing 
rule XXVIII (relating to the statutory limit on public debt) and 
redesignating rule XXIX as rule XXVIII.
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