[Congressional Record Volume 167, Number 145 (Tuesday, August 10, 2021)]
[Senate]
[Pages S6332-S6333]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3263. Mr. CRUZ submitted an amendment intended to be proposed by 
him to the concurrent resolution S. Con. Res. 14, setting forth the 
congressional budget for the United States Government for fiscal year 
2022 and

[[Page S6333]]

setting forth the appropriate budgetary levels for fiscal years 2023 
through 2031; which was ordered to lie on the table; as follows:

       At the appropriate place, add the following:

     SEC. ___. LIMIT ON PUBLIC DEBT.

       (a) Federal Spending Limit Point of Order.--
       (1) In general.--It shall not be in order in the Senate to 
     consider any budget resolution, bill, joint resolution, 
     amendment, or conference report that would exceed the limit 
     on public debt for any fiscal year covered therein.
       (2) Waiver or suspension.--This subsection may be waived or 
     suspended in the Senate only by the affirmative roll call 
     vote of three-fifths of the Members, duly chosen and sworn. 
     Appeals in the Senate from the decisions of the Chair 
     relating to any provision of this subsection shall be limited 
     to 1 hour, to be equally divided between, and controlled by, 
     the appellant and the manager of the bill or joint 
     resolution. An affirmative vote of three-fifths of the 
     Members of the Senate, duly chosen and sworn, shall be 
     required to sustain an appeal of the ruling of the Chair on a 
     point of order raised under this subsection.
       (3) Form of point of order.--A point of order under this 
     subsection may be raised by a Senator as provided in section 
     313(e) of the Congressional Budget Act of 1974.
       (b) Definitions.--In this section:
       (1) Limit on public debt.--The term ``limit on public 
     debt'' means a level of public debt for a fiscal year in the 
     resolution where the ratio of the public debt to GDP is 102 
     percent.
       (2) GDP.--The term ``GDP'' means the gross domestic product 
     for the relevant fiscal year.
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