I 112th CONGRESS 1st Session H. R. 2544 IN THE HOUSE OF REPRESENTATIVES July 14, 2011 Ms. McCollum introduced the following bill; which was referred to the Committee on Ways and Means A BILL To increase the statutory limit on the public debt, increase job creation, and reduce projected medium and long-term Federal budget deficits and debt.

1.

Short title

This Act may be cited as the Don’t Default on America’s Debts and Destroy American Jobs Act of 2011.

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.

3.

Sense of Congress

It is the sense of Congress that the Congressional recess scheduled for August 2011 should be cancelled and that Congress should remain in official session until legislation is passed to— (1)increase job creation and reduce unemployment; and (2)reduce projected medium- and long-term Federal budget deficits and debt.