[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1242 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 1242

   Eliminating the debt ceiling for a period defined, and for other 
                               purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 4, 2015

 Mr. Grayson introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   Eliminating the debt ceiling for a period defined, and for other 
                               purposes.

    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 ``Fiscal Sanity Act for the National 
Debt''.

SEC. 2. NONAPPLICABILITY OF DEBT CEILING.

    Section 3101(b) of title 31, United States Code, shall not apply 
for the period beginning on the date of the enactment of this Act and 
ending 240 days thereafter.
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