I 112th CONGRESS 1st Session H. R. 1954 IN THE HOUSE OF REPRESENTATIVES May 24, 2011 Mr. Camp introduced the following bill; which was referred to the Committee on Ways and Means A BILL To implement the President’s request to increase the statutory limit on the public debt.

1.

Finding

The Congress finds that the President’s budget proposal, Budget of the United States Government, Fiscal Year 2012, necessitates an increase in the statutory debt limit of $2,406,000,000,000.

2.

Increase in statutory limit on the public debt

Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $16,700,000,000,000.