H.R. 3807 · 114th Congress
Pay Our Bills Act
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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HondaSponsor24 cosponsors · 24 D
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Beyer
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Conyers
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Costa
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Cicilline
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Cartwright
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Hastings
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Hinojosa
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Huffman
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Jackson Lee
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Lofgren
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Lee
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Lowenthal
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Moore
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Norton
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Pascrell
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Pingree
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Rangel
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Swalwell
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Takai
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Vargas
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Brady
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Connolly
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Ellison
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Larsen20 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill permits the President to increase the statutory debt limit unless two-thirds of Congress votes to disapprove the increase.
What it does: CRS summary · Introduced in House · Oct 22, 2015
Pay Our Bills Act
This bill permits the President to increase the statutory debt limit unless two-thirds of Congress votes to disapprove the increase.
If the President certifies to Congress that the debt is within $100 billion of the limit and a specified amount of further borrowing is necessary to meet existing commitments, the Department of the Treasury may borrow the specified amount unless a joint resolution of disapproval is enacted within 15 days after Congress receives the certification.
The debt limit is suspended from the date the President submits the certification to Congress until the earlier of: (1) 15 days after Congress receives the certification, or (2) enactment of a joint resolution of disapproval. After the suspension period ends, the limit is increased to accommodate obligations issued during the suspension period.
Congress must consider a joint resolution of disapproval using expedited legislative procedures specified in the bill. If the resolution is approved by Congress, the President may veto the resolution. If Congress votes to override the veto with a two-thirds vote of each chamber, the debt limit may not be increased, except as required during the suspension period.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Pay Our Bills Act
Latest action (Oct 22, 2015): Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, 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.
Policy area: Economics and Public Finance · Origin: House · Introduced: Oct 22, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.