II Calendar No. 560 112th CONGRESS 2d Session S. 3664 IN THE SENATE OF THE UNITED STATES December 6, 2012 Mr. Reid introduced the following bill; which was read the first time December 10, 2012 Read the second time and placed on the calendar A BILL To provide for debt limit extensions.

1.

Debt Limit Extension

Subsection (b) of section 3101 of title 31, United States Code, is amended by striking as provided by law through the congressional budget process described in Rule XLIX of the Rules of the House of Representatives or as provided by section 3101A or otherwise. and inserting as provided—(1)by law through the congressional budget process described in Rule XLIX of the Rules of the House of Representatives or as provided by section 3101A or otherwise, or (2)by Executive order of the President. An Executive order issued pursuant to paragraph (2) shall be considered as a major rule for purposes of chapter 8 of title 5, United States Code..

December 10, 2012 Read the second time and placed on the calendar