To amend title 31 of the United States Code and the Congressional Budget Act of 1974 to automatically increase the debt limit for the fiscal year of a budget resolution, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend title 31 of the United States Code and the Congressional Budget Act of 1974 to automatically increase the debt limit for the fiscal year of a budget resolution, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators. The main policy domain is Government Operations, Environment, Finance.
Who Benefits and How
federal agencies and legislative administrators may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HEBCE3D679ECF47A38A4204F288CA7134: 1. Short title This Act may be cited as the Responsible Budgeting Act.
- Section H8F1CE1B0720649969CA9240129218BAB: 2. Presidential request to increase the debt limit Title 31, United States Code, is amended by striking section 3101A and inserting the following:...
- Section H232D0ECE45B64C40A9509D99373C8CEB: 3101A. Modification of statutory limit on the public debt Upon adoption by Congress of a concurrent resolution on the budget under section 301 or 304 of the...
- Section H089273A3DE00457C819A3587ED177EC7: 3101B. Presidential modification of the debt ceiling If, for a fiscal year, Congress does not adopt a concurrent resolution on the budget that satisfies the...
- Section H507E66B1557044319ADE35E8AA4D8BA3: 3. Consideration of the debt reduction proposal submitted by the President Part A of title IV of the Congressional Budget and Impoundment Control Act of 1974...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend title 31 of the United States Code and the Congressional Budget Act of 1974 to automatically increase the debt limit for the fiscal year of a budget resolution, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Key Policy Areas
Government Operations, Environment, Finance
Primary Purpose
This bill, To amend title 31 of the United States Code and the Congressional Budget Act of 1974 to automatically increase the debt limit for the fiscal year of a budget resolution, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Policy Domains
Whole bill
Identified Gains
- federal agencies and legislative administrators
Identified Costs
- federal implementing agencies
Sponsors
Legislative Progress
IntroducedMr. Peters (for himself and Mr. Huizenga) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
- "secretary_of_treasury"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
only a joint resolution— that is introduced between the date the written notification is received and 3 calendar days after that date (or if the House of Representatives or Senate is not in session, the next calendar date in which it is in session)
the ratio that reduces by not less than 5 percentage points the projected ratio under current law of debt held by the public to Gross Domestic Product in the tenth fiscal year after the current fiscal year
only a joint resolution— that is introduced between the date the written notification is received and 3 calendar days after that date (or if the House of Representatives or Senate is not in session, the next calendar date in which it is in session)
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