H.R. 4587 · 111th Congress
Cap Spending to Reduce Borrowing Act
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
NeugebauerSponsor1 cosponsor · 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Cap Spending to Reduce Borrowing Act - Amends the Congressional Budget Act of 1974 to make it out of order in the House of Representatives and in the Senate to consider any bill, joint resolution, amendment, or conference report increasing the statutory limit on the public debt unless such measure includes limits on the total level of discretionary and…
What it does: CRS summary · Introduced in House · Feb 3, 2010
Cap Spending to Reduce Borrowing Act - Amends the Congressional Budget Act of 1974 to make it out of order in the House of Representatives and in the Senate to consider any bill, joint resolution, amendment, or conference report increasing the statutory limit on the public debt unless such measure includes limits on the total level of discretionary and direct spending for each of 10 consecutive fiscal years beginning with the first fiscal year in which the increase would occur.
Waives such prohibition for any measure increasing the statutory limit on the public debt if statutory limits are in place on the total level of such spending for each of 10 consecutive fiscal years beginning with the first fiscal year in which such increase would occur.
Repeals Rule XXVIII (Statutory Limit on Public Debt) of the Rules of the House (known as the "Gephardt Rule") which provides for mandatory adjustment of the statutory limit on the public debt to conform to a budget resolution.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Cap Spending to Reduce Borrowing Act
Latest action (Feb 3, 2010): Referred to House Budget
Policy area: Congress · Origin: House · Introduced: Feb 3, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.