[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3771 Introduced in House (IH)]

<DOC>






114th CONGRESS
  1st Session
                                H. R. 3771

To establish a procedure in the House of Representatives and the Senate 
to accomplish the policies contemplated by the Concurrent Resolution on 
the Budget for Fiscal Year 2016, to encourage the timely completion of 
fiscal policy work in Congress, and to provide for regulatory relief to 
               grow the economy, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 20, 2015

  Mr. Flores introduced the following bill; which was referred to the 
Committee on Rules, and in addition to the Committees on Oversight and 
 Government Reform, the Judiciary, and Ways and Means, for a period to 
      be subsequently determined by the Speaker, in each case for 
consideration of such provisions as fall within the jurisdiction of the 
                          committee concerned

_______________________________________________________________________

                                 A BILL


 
To establish a procedure in the House of Representatives and the Senate 
to accomplish the policies contemplated by the Concurrent Resolution on 
the Budget for Fiscal Year 2016, to encourage the timely completion of 
fiscal policy work in Congress, and to provide for regulatory relief to 
               grow the economy, 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; TABLE OF CONTENTS.

    (a) Short Title.--This Act may be cited as the ``Terms of Credit 
Act''.
    (b) Table of Contents.--The table of contents of this Act is as 
follows:

Sec. 1. Short title; table of contents.
                            TITLE I--BUDGET

Sec. 101. Procedure in the House of Representatives to reduce direct 
                            spending.
Sec. 102. Consideration of alternative proposals.
Sec. 103. Expedited procedures in the Senate.
Sec. 104. Balanced budget constitutional amendment.
                             TITLE II--WORK

Sec. 201. Prohibiting consideration of legislation until passage of 
                            budget enforcement legislation.
Sec. 202. Prohibiting adjournment of House until passage of budget 
                            enforcement legislation.
Sec. 203. Prohibiting adjournment of House until passage of 
                            appropriation bills.
Sec. 204. Appropriations procedures in the Senate.
Sec. 205. Effective dates.
                            TITLE III--GROW

                 Subtitle A--Regulatory Freeze for Jobs

Sec. 301. Short title.
Sec. 302. Moratorium on significant regulatory actions.
Sec. 303. Waivers and exceptions.
Sec. 304. Judicial review.
Sec. 305. Definitions.
                    Subtitle B--Midnight Rule Relief

Sec. 311. Short title.
Sec. 312. Moratorium on midnight rules.
Sec. 313. Exception.
Sec. 314. Definitions.
                          TITLE IV--DEBT LIMIT

Sec. 401. Increase in the public debt limit.

                            TITLE I--BUDGET

SEC. 101. PROCEDURE IN THE HOUSE OF REPRESENTATIVES TO REDUCE DIRECT 
              SPENDING.

    (a) Spending Reduction Directives.--Not later than 90 days after 
the date of enactment of this Act, the chair of each committee of the 
House of Representatives listed in paragraphs (1) through (11) shall 
submit to the chair of the Committee on the Budget of the House of 
Representatives recommendations with respect to changes in laws within 
the committee's jurisdiction to reduce direct spending, over the period 
of fiscal years 2016 through 2025, equal to or greater than the dollar 
amount applicable to such committee, as follows:
            (1) Committee on Agriculture, $300,022,000,000.
            (2) Committee on Education and the Workforce, 
        $229,658,000,000.
            (3) Committee on Energy and Commerce, $1,369,266,000,000.
            (4) Committee on Financial Services, $62,056,000,000.
            (5) Committee on Homeland Security, $19,470,000,000.
            (6) Committee on House Administration, $53,000,000.
            (7) Committee on the Judiciary, $23,055,000,000.
            (8) Committee on Natural Resources, $32,483,000,000.
            (9) Committee on Oversight and Government Reform, 
        $193,896,000,000.
            (10) Committee on Veterans' Affairs, $2,569,000,000.
            (11) Committee on Ways and Means, $1,594,658,000,000.
    (b) Legislative Procedure.--
            (1) In general.--Each committee so directed under 
        subsection (a) shall, not later than 90 days after the date of 
        enactment of this Act, submit the recommendations described in 
        such subsection to the chair of the Committee on the Budget of 
        the House of Representatives, which upon receiving all such 
        recommendations, shall report to the House of Representatives, 
        not later than 30 days thereafter, the bill described in 
        paragraph (2).
            (2) Bill described.--A bill described in this paragraph is 
        a bill--
                    (A) consisting of legislation carrying out the 
                recommendations described in subsection (a) without any 
                substantive revision; and
                    (B) entitled ``A bill to provide for reductions in 
                direct spending to meet the direct spending targets 
                provided for in the Terms of Credit Act.''.
            (3) Failure to submit recommendations.--The Committee on 
        Rules of the House of Representatives may make in order 
        amendments to carry out the recommendations described in 
        subsection (a) if a committee of the House fails to submit 
        recommendations to the Committee on the Budget of the House of 
        Representatives consistent with paragraph (1).
    (c) Expedited Consideration in the House of Representatives.--
            (1) In general.--Not later than five legislative days after 
        the bill described in subsection (b) or section 102(a) is 
        reported or the committees of referral have been discharged 
        from further consideration thereof, it shall be in order to 
        move to proceed to consider the bill in the House. Such a 
        motion shall be in order only at a time designated by the 
        Speaker in the legislative schedule within two legislative days 
        after the day on which the proponent announces an intention to 
        the House to offer the motion provided that such notice is 
        provided after such bill is reported. Such a motion shall not 
        be in order after the House has disposed of a motion to proceed 
        with respect to that bill. The previous question shall be 
        considered as ordered on the motion to its adoption without 
        intervening motion.
            (2) Consideration.--Except as provided in paragraph (3), if 
        the motion to proceed is agreed to, the House shall immediately 
        proceed to consider the bill referred to in paragraph (1) in 
        the House without intervening motion. Such bill shall be 
        considered as read. Except as provided in paragraph (3), all 
        points of order against such bill and against its consideration 
        are waived. The previous question shall be considered as 
        ordered on such bill to its passage without intervening motion 
        except 2 hours of debate equally divided and controlled by the 
        proponent and an opponent and one motion to limit debate on the 
        bill.
            (3) Extraneous matter.--A provision containing an 
        extraneous matter may not be reported in a bill considered 
        pursuant to this subsection, and may not be considered as an 
        amendment thereto. When the House is considering a bill 
        pursuant to paragraph (2), upon a point of order being made by 
        any Member against material extraneous to the directives to a 
        committee which is contained in any title or provision of the 
        bill or offered as an amendment to the bill, and the point of 
        order is sustained by the Chair, any part of said title or 
        provision that contains material extraneous to the instructions 
        shall be deemed stricken from the bill and no provision deemed 
        extraneous may be offered as an amendment from the floor. For 
        purposes of the preceding sentence, a provision of a bill 
        considered pursuant to paragraph (2) shall be considered 
        extraneous if such provision does not produce a net decrease in 
        outlays or produces a net increase in revenue. In making a 
        determination as to the extraneous nature of a provision, 
        material, or part, the Chair shall rely on estimates from the 
        Committee on the Budget.
            (4) Special rule.--If the House adopts a special order of 
        business for the consideration of the bill referred to in 
        paragraph (1), including a special order of business which may 
        make amendments to the bill in order, the bill shall be 
        considered under the terms and conditions of that special order 
        of business, except that such special order of business may not 
        provide for debate for a period of time to exceed 10 hours, 
        equally divided and controlled by the proponent and an 
        opponent.
            (5) Termination of expedited procedures.--After the House 
        has passed a bill or bills that meet the total amount of each 
        spending reduction directive under subsection (a) as estimated 
        by the Chairman of the Committee on the Budget, the expedited 
        procedures under this subsection shall no longer apply.

SEC. 102. CONSIDERATION OF ALTERNATIVE PROPOSALS.

    (a) In General.--If the Committee on the Budget fails to report the 
bill required under section 101(b) prior to the deadline set forth 
under such section for reporting the bill, any Member of the House of 
Representatives may introduce a bill to accomplish spending reduction 
directives under section 101(a)(1).
    (b) Consideration in the House of Representatives.--
            (1) Referral and reporting.--Except as provided in 
        paragraph (2), any committee of the House of Representatives to 
        which a bill introduced pursuant to subsection (a) is referred 
        shall report it to the House without amendment not later than 
        the fifth legislative day after the date of its introduction. 
        If a committee fails to report the bill within that period or 
        the House has adopted a concurrent resolution providing for 
        adjournment sine die at the end of a Congress, such committee 
        shall be automatically discharged from further consideration of 
        the bill and it shall be placed on the appropriate calendar.
            (2) Requiring minimum reduction in direct spending.--A 
        committee of the House to which a bill is referred under this 
        section is not required to report the bill to the House if the 
        bill does not reduce direct spending by at least 5 percent of 
        the directive applicable to the committee under section 101(a), 
        as estimated by the Congressional Budget Office.
            (3) Expedited procedures.--Any bill reported or discharged 
        pursuant to paragraph (1) shall be considered under the 
        expedited procedures described under section 101(c).
            (4) Termination of expedited procedures.--After the House 
        has passed a bill or bills that meet the total amount of each 
        spending reduction directive under section 101(a) as estimated 
        by the Chairman of the Committee on the Budget, the expedited 
        procedures under paragraph (3) shall no longer apply.

SEC. 103. EXPEDITED PROCEDURES IN THE SENATE.

    (a) Committee Consideration.--In the Senate, upon receipt of a bill 
passed in the House pursuant to section 101 or 102 shall be jointly 
referred to the committee or committees of jurisdiction, which shall 
report the bill without any revision and with a favorable 
recommendation, an unfavorable recommendation, or without 
recommendation, not later than 5 legislative days after receipt in the 
Senate. If any committee fails to report the bill within that period, 
that committee shall be automatically discharged from consideration of 
the bill, and the bill shall be placed on the appropriate calendar.
    (b) Motion To Proceed.--Notwithstanding Rule XXII of the Standing 
Rules of the Senate, it is in order, not later than 2 days of session 
after the date on which a bill under paragraph (1) is reported or 
discharged from all committees to which it was referred, for the 
majority leader of the Senate or the majority leader's designee to move 
to proceed to the consideration of the bill. It shall also be in order 
for any Member of the Senate to move to proceed to the consideration of 
such bill at any time after the conclusion of such 2-day period. A 
motion to proceed is in order even though a previous motion to the same 
effect has been disagreed to. All points of order against the motion to 
proceed to the bill are waived. The motion to proceed is not debatable. 
The motion is not subject to a motion to postpone. If a motion to 
proceed to the consideration of the bill is agreed to, the bill shall 
remain the unfinished business until disposed of.
    (c) Consideration.--All points of order against the bill and 
against consideration of the bill are waived. Consideration of the bill 
and of all debatable motions and appeals in connection therewith shall 
not exceed a total of 30 hours which shall be divided equally between 
the Majority and Minority Leaders or their designees. A motion further 
to limit debate on the bill is in order, shall require an affirmative 
vote of three-fifths of the Members duly chosen and sworn, and is not 
debatable. Any debatable motion or appeal is debatable for not to 
exceed 1 hour, to be divided equally between those favoring and those 
opposing the motion or appeal. All time used for consideration of the 
bill, including time used for quorum calls and voting, shall be counted 
against the total 30 hours of consideration.
    (d) Vote on Passage.--If the Senate has voted to proceed to the 
bill, the vote on passage of the bill shall occur immediately following 
the conclusion of the debate on the bill, and a single quorum call at 
the conclusion of the debate if requested.
    (e) Rulings of the Chair on Procedure.--Appeals from the decisions 
of the Chair relating to the application of the rules of the Senate, as 
the case may be, to the procedure relating to the bill shall be decided 
without debate.

SEC. 104. BALANCED BUDGET CONSTITUTIONAL AMENDMENT.

    (a) Vote on the Balanced Budget Amendment.--Not later than December 
31, 2015, the House of Representatives and Senate, respectively, shall 
vote on passage of a joint resolution, the title of which is as 
follows: ``Joint resolution proposing a balanced budget amendment to 
the Constitution of the United States.''.
    (b) Consideration by the Other House.--
            (1) House consideration.--
                    (A) Referral.--If the House receives a joint 
                resolution described in subsection (a) from the Senate, 
                such joint resolution shall be referred to the 
                Committee on the Judiciary. If the committee fails to 
                report the joint resolution within five legislative 
                days, it shall be in order to move that the House 
                discharge the committee from further consideration of 
                the joint resolution. Such a motion shall not be in 
                order after the House has disposed of a motion to 
                discharge the joint resolution. The previous question 
                shall be considered as ordered on the motion to its 
                adoption without intervening motion except twenty 
                minutes of debate equally divided and controlled by the 
                proponent and an opponent. If such a motion is adopted, 
                the House shall proceed immediately to consider the 
                joint resolution in accordance with subparagraph (C). A 
                motion to reconsider the vote by which the motion is 
                disposed of shall not be in order.
                    (B) Proceeding to consideration.--After the joint 
                resolution has been referred to the appropriate 
                calendar or the committee has been discharged (other 
                than by motion) from its consideration, it shall be in 
                order to move to proceed to consider the joint 
                resolution in the House. Such a motion shall not be in 
                order after the House has disposed of a motion to 
                proceed with respect to the joint resolution. The 
                previous question shall be considered as ordered on the 
                motion to its adoption without intervening motion. A 
                motion to reconsider the vote by which the motion is 
                disposed of shall not be in order.
                    (C) Consideration.--The joint resolution shall be 
                considered as read. All points of order against the 
                joint resolution and against its consideration are 
                waived. The previous question shall be considered as 
                ordered on the joint resolution to its passage without 
                intervening motion except two hours of debate equally 
                divided and controlled by the proponent and an opponent 
                and one motion to limit debate on the joint resolution. 
                A motion to reconsider the vote on passage of the joint 
                resolution shall not be in order.
            (2) Senate consideration.--
                    (A) Referral.--If the Senate receives a joint 
                resolution described in subsection (a) from the House 
                of Representatives, such joint resolution shall be 
                referred to the appropriate committee of the Senate. If 
                such committee has not reported the joint resolution at 
                the close of the fifth session day after its receipt by 
                the Senate, such committee shall be automatically 
                discharged from further consideration of the joint 
                resolution and it shall be placed on the appropriate 
                calendar.
                    (B) Proceeding to consideration.--Consideration of 
                the joint resolution and on all debatable motions and 
                appeals in connection therewith, shall be limited to 
                not more than 20 hours, which shall be divided equally 
                between the majority and minority leaders or their 
                designees. A motion to further limit debate is in order 
                and not debatable. An amendment to, or a motion to 
                postpone, or a motion to proceed to the consideration 
                of other business, or a motion to recommit the joint 
                resolution is not in order. Any debatable motion or 
                appeal is debatable for not to exceed 1 hour, to be 
                divided equally between those favoring and those 
                opposing the motion or appeal. All time used for 
                consideration of the joint resolution, including time 
                used for quorum calls and voting, shall be counted 
                against the total 20 hours of consideration.
                    (C) Consideration.--If the Senate has voted to 
                proceed to a joint resolution, the vote on passage of 
                the joint resolution shall be taken on or before the 
                close of the seventh session day after such joint 
                resolution has been reported or discharged or 
                immediately following the conclusion of consideration 
                of the joint resolution, and a single quorum call at 
                the conclusion of the debate if requested in accordance 
                with the rules of the Senate.

                             TITLE II--WORK

SEC. 201. PROHIBITING CONSIDERATION OF LEGISLATION UNTIL PASSAGE OF 
              BUDGET ENFORCEMENT LEGISLATION.

    (a) In General.--If the House has not passed a bill or bills that 
meet the total amount of each spending reduction directive under 
section 101(a) as estimated by the Chairman of the Committee on the 
Budget, it shall not be in order in the House of Representatives to 
consider any bill or joint resolution during the One Hundred Fourteenth 
Congress, other than legislation under section 101 or 102 or a bill, 
resolution, concurrent resolution, or joint resolution referenced in 
subsection (b).
    (b) Waiver.--The point of order under subsection (a) shall not 
apply at any time after--
            (1) the House has adopted a concurrent resolution on the 
        budget for fiscal year 2017; and
            (2) the House of Representatives has passed during fiscal 
        year 2016 legislation containing an authorization of the use of 
        military force or a declaration of war.

SEC. 202. PROHIBITING ADJOURNMENT OF HOUSE UNTIL PASSAGE OF BUDGET 
              ENFORCEMENT LEGISLATION.

    It shall not be in order for the House of Representatives to 
consider a concurrent resolution to provide that the House stand 
adjourned during the One Hundred Fourteenth Congress unless the House 
has passed legislation under section 101 or 102.

SEC. 203. PROHIBITING ADJOURNMENT OF HOUSE UNTIL PASSAGE OF 
              APPROPRIATION BILLS.

    (a) In General.--If by September 1 of any calendar year the House 
of Representatives has not passed each of the regular appropriation 
bills (or any combination thereof), a consolidated appropriations bill, 
or a full-year continuing resolution for the fiscal year which begins 
on October 1 of that calendar year, it shall not be in order in the 
House to consider a concurrent resolution to provide that the House 
stand adjourned during any day occurring during that calendar year 
until the House has passed each such bill or such continuing 
resolution.
    (b) Definitions.--In this section--
            (1) the term ``regular appropriation bill'' means any 
        annual appropriation bill which is under the jurisdiction of a 
        single subcommittee of the Committee on Appropriations of the 
        House of Representatives (as may be provided under the Rules 
        for the fiscal year involved); and
            (2) the term ``full-year continuing resolution'' means a 
        bill or joint resolution providing for continuing 
        appropriations for all of the programs and activities of the 
        Federal Government through the end of the fiscal year for which 
        a regular appropriation bill has not been enacted.

SEC. 204. APPROPRIATIONS PROCEDURES IN THE SENATE.

    (a) In General.--After October 1 of a fiscal year, a motion to 
proceed to a regular appropriations bill for that fiscal year shall be 
nondebatable.
    (b) Regular Appropriations Bill Defined.--In this section, the term 
``regular appropriations bill'' means any annual appropriations bill 
which has been reported favorably from the Committee on Appropriations 
of the Senate.

SEC. 205. EFFECTIVE DATES.

    (a) Sections 201 and 202.--Sections 201 and 202 shall take effect 
upon the expiration of the 150-day period which begins on the date of 
the enactment of this Act.
    (b) Sections 203 and 204.--Sections 203 and 204 shall take effect 
on the date of enactment of this Act.

                            TITLE III--GROW

                 Subtitle A--Regulatory Freeze for Jobs

SEC. 301. SHORT TITLE.

    This subtitle may be cited as the ``Regulatory Freeze for Jobs Act 
of 2015''.

SEC. 302. MORATORIUM ON SIGNIFICANT REGULATORY ACTIONS.

    An agency may not take any significant regulatory action during the 
period beginning on the date of the enactment of this Act and ending on 
July 1, 2017.

SEC. 303. WAIVERS AND EXCEPTIONS.

    (a) In General.--Notwithstanding any other provision of this 
subtitle, an agency may take a significant regulatory action only in 
accordance with subsection (b), (c), or (d) during the period described 
in section 302.
    (b) Presidential Waiver.--
            (1) In general.--An agency may take a significant 
        regulatory action if the President determines by Executive 
        order that the significant regulatory action is--
                    (A) necessary because of an imminent threat to 
                health or safety or other emergency;
                    (B) necessary for the enforcement of criminal or 
                civil rights laws;
                    (C) necessary for the national security of the 
                United States; or
                    (D) issued pursuant to any statute implementing an 
                international trade agreement.
            (2) Congressional disapproval.--If a joint resolution 
        disapproving an Executive order issued under paragraph (1) is 
        enacted into law not later than 30 legislative days after the 
        issuance of the Executive order, an agency may not take a 
        significant regulatory action pursuant to the Executive order, 
        and any significant regulatory action taken pursuant to the 
        Executive order prior to the enactment of the joint resolution 
        shall have no force or effect.
    (c) Deregulatory Exception.--An agency may take a significant 
regulatory action if the Administrator of the Office of Information and 
Regulatory Affairs of the Office of Management and Budget certifies in 
writing that the significant regulatory action is limited to repealing 
an existing rule.
    (d) Congressional Waivers.--
            (1) Submission.--For any significant regulatory action not 
        eligible for a Presidential waiver pursuant to subsection (b), 
        the President may submit a written request to Congress for a 
        waiver of the application of section 302 for such action.
            (2) Contents.--A submission by the President under this 
        subsection shall--
                    (A) identify the significant regulatory action and 
                the scope of the requested waiver;
                    (B) describe all the reasons the significant 
                regulatory action is necessary to protect the public 
                health, safety, or welfare; and
                    (C) include an explanation of why the significant 
                regulatory action is ineligible for a Presidential 
                waiver under subsection (b).
            (3) Congressional action.--Congress shall give expeditious 
        consideration and take appropriate legislative action with 
        respect to any submission by the President under this 
        subsection.

SEC. 304. JUDICIAL REVIEW.

    (a) Review.--Any party adversely affected or aggrieved by any rule 
or guidance resulting from a regulatory action taken in violation of 
this subtitle is entitled to judicial review in accordance with chapter 
7 of title 5, United States Code. Any determination by either the 
President or the Secretary of Labor under this subtitle shall be 
subject to judicial review under such chapter.
    (b) Jurisdiction.--Each court having jurisdiction to review any 
rule or guidance resulting from a significant regulatory action for 
compliance with any other provision of law shall have jurisdiction to 
review all claims under this subtitle.
    (c) Relief.--In granting any relief in any civil action under this 
section, the court shall order the agency to take corrective action 
consistent with this subtitle and chapter 7 of title 5, United States 
Code, including remanding the rule or guidance resulting from the 
significant regulatory action to the agency and enjoining the 
application or enforcement of that rule or guidance, unless the court 
finds by a preponderance of the evidence that application or 
enforcement is required to protect against an imminent and serious 
threat to the national security of the United States.
    (d) Reasonable Attorney's Fees for Small Businesses.--The court 
shall award reasonable attorney's fees and costs to a substantially 
prevailing small business in any civil action arising under this 
subtitle. A small business may qualify as substantially prevailing even 
without obtaining a final judgment in its favor if the agency that took 
the significant regulatory action changes its position after the civil 
action is filed. Such award shall be paid out of the administrative 
budget of the office in the agency that took the challenged agency 
action.
    (e) Limitation on Commencing Civil Action.--A party may seek and 
obtain judicial review during the 1-year period beginning on the date 
of the challenged agency action or within 90 days after an enforcement 
action or notice thereof, except that where another provision of law 
requires that a civil action be commenced before the expiration of that 
1-year period, such lesser period shall apply.
    (f) Small Business Defined.--In this section, the term ``small 
business'' means any business, including an unincorporated business or 
a sole proprietorship, that employs not more than 500 employees or that 
has a net worth of less than $7,000,000 on the date a civil action 
arising under this subtitle is filed.

SEC. 305. DEFINITIONS.

    In this subtitle:
            (1) Agency.--The term ``agency'' has the meaning given that 
        term under section 551 of title 5, United States Code, except 
        that such term does not include--
                    (A) the Board of Governors of the Federal Reserve 
                System;
                    (B) the Federal Open Market Committee; or
                    (C) the United States Postal Service.
            (2) Regulatory action.--The term ``regulatory action'' 
        means any substantive action by an agency that promulgates or 
        is expected to lead to the promulgation of a final rule or 
        regulation, including a notice of inquiry, an advance notice of 
        proposed rulemaking, and a notice of proposed rulemaking.
            (3) Rule.--The term ``rule'' has the meaning given that 
        term under section 551 of title 5, United States Code.
            (4) Significant regulatory action.--The term ``significant 
        regulatory action'' means any regulatory action that is likely 
        to result in a rule or guidance that the Administrator of the 
        Office of Information and Regulatory Affairs of the Office of 
        Management and Budget finds is likely to have an annual cost to 
        the economy of $50,000,000 or more or adversely affect in a 
        material way the economy, a sector of the economy, 
        productivity, competition, jobs, the environment, public health 
        or safety, small entities, or State, local, or tribal 
        governments or communities. In determining the annual cost to 
        the economy under this paragraph, the Administrator shall take 
        into account any expected change in revenue of businesses that 
        will be caused by such regulatory action, as well as any change 
        in revenue of businesses that has already taken place as 
        businesses prepare for the implementation of the regulatory 
        action. If meeting that definition, such term includes any 
        requirement by the Secretary of the Treasury, except to the 
        extent provided in Treasury Regulations as in effect on 
        February 21, 2011, that a payor of interest make an information 
        return in the case of interest--
                    (A) which is described in section 871(i)(2)(A) of 
                the Internal Revenue Code of 1986, and
                    (B) which is paid--
                            (i) to a nonresident alien, and
                            (ii) on a deposit maintained at an office 
                        within the United States.
            (5) Small entity.--The term ``small entity'' has the 
        meaning given that term under section 601(6) of title 5, United 
        States Code.

                    Subtitle B--Midnight Rule Relief

SEC. 311. SHORT TITLE.

    This subtitle may be cited as the ``Midnight Rule Relief Act of 
2015''.

SEC. 312. MORATORIUM ON MIDNIGHT RULES.

    Except as provided under section 311, during the moratorium period, 
an agency may not propose or finalize any midnight rule that the 
Administrator of the Office of Information and Regulatory Affairs of 
the Office of Management and Budget finds is likely to result in an 
annual cost to the economy of $50,000,000 or more or adversely affect 
in a material way the economy, a sector of the economy, productivity, 
competition, jobs, the environment, public health or safety, small 
entities, or State, local, or tribal governments or communities.

SEC. 313. EXCEPTION.

    (a) Emergency Exception.--
            (1) In general.--Section 312 shall not apply to a midnight 
        rule if the President determines that the midnight rule is--
                    (A) necessary because of an imminent threat to 
                health or safety or other emergency;
                    (B) necessary for the enforcement of criminal or 
                civil rights laws;
                    (C) necessary for the national security of the 
                United States; or
                    (D) issued pursuant to any statute implementing an 
                international trade agreement.
            (2) Congressional disapproval.--If a joint resolution 
        disapproving a midnight rule described in paragraph (1) is 
        enacted into law not later than 30 legislative days after the 
        determination made by the President under paragraph (1), an 
        agency may not propose or finalize that midnight rule, and any 
        midnight rule finalized pursuant to that determination under 
        paragraph (1) prior to the enactment of the joint resolution 
        shall have no force or effect.
    (b) Deregulatory Exception.--Section 312 shall not apply to a 
midnight rule that the Administrator of the Office of Information and 
Regulatory Affairs within the Office of Management and Budget certifies 
in writing is limited to repealing an existing rule.
    (c) Notice of Exceptions.--Not later than 30 days after a 
determination under subsection (a) or a certification is made under 
subsection (b), the head of the relevant agency shall publish in the 
Federal Register any midnight rule excluded from the moratorium period 
due to an exception under this section.

SEC. 314. DEFINITIONS.

    In this subtitle:
            (1) Agency.--The term ``agency'' has the meaning given that 
        term under section 551 of title 5, United States Code, except 
        that such term does not include--
                    (A) the Board of Governors of the Federal Reserve 
                System;
                    (B) the Federal Open Market Committee; or
                    (C) the United States Postal Service.
            (2) Moratorium period.--The term ``moratorium period'' 
        means the day after the day referred to in section 1 of title 
        3, United States Code, through January 20 of the following 
        year, in which a President is not serving a consecutive term.
            (3) Midnight rule.--The term ``midnight rule'' means an 
        agency statement of general applicability and future effect, 
        issued during the moratorium period, that is intended to have 
        the force and effect of law and is designed--
                    (A) to implement, interpret, or prescribe law or 
                policy; or
                    (B) to describe the procedure or practice 
                requirements of an agency.
            (4) Rule.--The term ``rule'' has the meaning given that 
        term under section 551 of title 5, United States Code.
            (5) Small entity.--The term ``small entity'' has the 
        meaning given that term under section 601(6) of title 5, United 
        States Code.

                          TITLE IV--DEBT LIMIT

SEC. 401. INCREASE IN THE PUBLIC DEBT LIMIT.

    Section 3101(b) of title 31, United States Code, is amended by 
striking the dollar amount contained therein and inserting 
``$19,600,000,000,000''.
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