[Congressional Record Volume 168, Number 30 (Tuesday, February 15, 2022)]
[Senate]
[Pages S708-S709]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. DURBIN:
  S. 3654. A bill to amend Chapter 31 of title 31, United States Code, 
to provide procedures for congressional disapproval of the issuance of 
additional debt; to the Committee on Finance.
  Mr. DURBIN. Mr. President, I ask unanimous consent that the text of 
the bill be printed in the Record.
  There being no objection, the text of the bill was ordered to be 
printed in the Record, as follows:

                                S. 3654

       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 ``Debt Ceiling Reform Act''.

     SEC. 2. PROCEDURES FOR CONGRESSIONAL DISAPPROVAL OF ISSUANCE 
                   OF ADDITIONAL DEBT.

       Section 3101 of title 31, United States Code, is amended to 
     read as follows:

     ``Sec. 3101. Public debt limit

       ``(a) Definition of Joint Resolution.--In this section, the 
     term `joint resolution' means a joint resolution--

[[Page S709]]

       ``(1) that is introduced during the period--
       ``(A) beginning on the date on which a certification under 
     subsection (b)(1) is received; and
       ``(B) ending on the date that is 3 calendar days after the 
     date described in subparagraph (A) (or, if a House was not in 
     session, the next calendar day on which that House is in 
     session);
       ``(2) which does not have a preamble;
       ``(3) the title of which is only as follows: `Joint 
     resolution relating to the disapproval of the President's 
     exercise of authority to issue additional debt, as submitted 
     under section 3101 of title 31, United States Code, on 
     ______