[Congressional Record Volume 169, Number 100 (Thursday, June 8, 2023)]
[Senate]
[Page S2031]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
By Mr. DURBIN:
S. 1882. 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. Madam 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. 1882
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--
``(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 Secretary of
the Treasury's exercise of authority to issue additional
debt, as submitted under section 3101 of title 31, United
States Code, on ______