II Calendar No. 94 112th CONGRESS 1st Session S. 1326 IN THE SENATE OF THE UNITED STATES July 5, 2011 Mr. Paul introduced the following bill; which was read the first time July 6, 2011 Read the second time and placed on the calendar 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.

July 6, 2011 Read the second time and placed on the calendar