[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 2040 Introduced in Senate (IS)]

112th CONGRESS
  2d Session
                                S. 2040

 To amend the Congressional Budget Act of 1974 to establish a point of 
order to prohibit an increase or other modification of the public debt 
 limit unless a concurrent resolution on the budget has been agreed to 
                           and is in effect.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 26, 2012

Mr. Lee (for himself, Mr. Rubio, Mr. Vitter, Mr. Toomey, Mr. Thune, Mr. 
Coburn, Mr. Paul, Mr. DeMint, Mr. Johnson of Wisconsin, Mr. Risch, and 
  Mr. Crapo) introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend the Congressional Budget Act of 1974 to establish a point of 
order to prohibit an increase or other modification of the public debt 
 limit unless a concurrent resolution on the budget has been agreed to 
                           and is in effect.

    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 ``Budget Before Borrowing Act of 
2012''.

SEC. 2. POINT OF ORDER AGAINST CONSIDERATION OF DEBT LIMIT 
              MODIFICATION.

    Section 312 of the Congressional Budget Act of 1974 is amended by 
adding at the end the following new subsection:
    ``(g) Point of Order Against Consideration of Debt Limit 
Modification.--(1) 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, to increase or 
modify the public debt limit unless a concurrent resolution on the 
budget has been agreed to and is in effect for the fiscal year during 
which such measure is being considered.
    ``(2) Paragraph (1) may be waived or suspended in the House of 
Representatives or the Senate only by the affirmative vote of two-
thirds of its Members, duly chosen and sworn.
    ``(3) An affirmative vote of two-thirds of the Members, duly chosen 
and sworn, shall be required in the Senate to sustain an appeal of the 
ruling of the Chair on a point of order under paragraph (1).''.
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