/  H.R. 3442—Debt Management and Fiscal Responsibility Act of 2015

H.R. 3442 - Debt Management and Fiscal Responsibility Act of 2015

Bill Text

  • Text of H.R. 3442 PDF XML

    Debt Management and Fiscal Responsibility Act of 2015

  • H. Rept. 114-291 PDF

    Report from the Committee on Ways and Means

Rule Information

COMMITTEE ACTION:
REPORTED BY VOICE VOTE of 8-3 on Tuesday, February 9, 2016 .

FLOOR ACTION ON H. RES. 609: 
Adopted by record vote of 236-178, after agreeing to the previous question by record vote of 237-180, on Wednesday, February 10, 2015.  

MANAGERS:Sessions/McGovern

1. Structured rule for H.R. 3442.

2. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Ways and Means.

3. Waives all points of order against consideration of the bill.

4. Provides that the bill shall be considered as read.

5. Waives all points of order against provisions in the bill.

6. Makes in order only those amendments printed in part A of the Rules Committee report. Each such amendment may be offered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question.

7. Waives all points of order against the amendments printed in part A of the report.

8. Provides one motion to recommit with or without instructions.

9. Structured rule for H.R. 3293.

10. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Science, Space, and Technology.

11. Waives all points of order against consideration of the bill.

12. Provides that the bill shall be considered as read.

13. Waives all points of order against provisions in the bill.

14. Makes in order only those amendments printed in part B of the Rules Committee report. Each such amendment may be offered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question.

15. Waives all points of order against the amendments printed in part B of the report.

16. Provides one motion to recommit with or without instructions.

Amendments (click headers to sort)

#Version #Sponsor(s)PartySummaryStatus
13Version 2Duffy (WI), Hensarling (TX), McClintock (CA), Messer, Luke (IN)RepublicanLate Revised Requires the Secretary of the Treasury to notify Congress whether it is able to pay only principal and interest on the national debt, as opposed to other obligations, in the event that the debt limit is reached. Made In Order
15Version 1Foster (IL)DemocratLate Requires the assessment of the State by State impact of Federal taxation and spending.Submitted
16Version 1Foster (IL)DemocratLate Requires the assessment of the State by State impact of Federal debt and spending.Submitted
8Version 1Grijalva (AZ), Pocan (WI)DemocratLate Requires the Treasury Secretary's report to also include historical levels of federal revenue, including corporate and individual federal income taxes as a percent of gross domestic product. Made In Order
9Version 1Grijalva (AZ), Pocan (WI)DemocratLate Requires the Treasury Secretary's report to also include individual salary and wage information, as well as projections of consumer spending and the impact of spending cuts on gross domestic product. Made In Order
14Version 2Huelskamp (KS)RepublicanLate Revised Requires Secretary of the Treasury to provide weekly reporting of extraordinary measures and projected exhaustion date upon notification the debt limit has been reached. Made In Order
1Version 1Kelly, Robin (IL)DemocratRequires the Treasury Secretary's report to also include an economic forecast of the negative consequences of failing to raise the debt limit, including costs associated with public health and safety. Made In Order
7Version 1Lujan Grisham (NM)DemocratRequires the Secretary of Treasury to evaluate the impact that an aging population will have on long-term Federal health care spending and requires the President to develop proposals to strengthen long-term care and support caregivers in order to more effectively target long-term Federal health care spending.Submitted
5Version 3Messer, Luke (IN)RepublicanRevised Requires the Secretary to report on extraordinary measures the Treasury Department intends to use if the debt limit is not lifted, project how long such measures will fund the federal government, and project the administrative costs to the Treasury Department associated with taking such actions. Made In Order
6Version 2Murphy, Patrick (FL)DemocratRevised Expressing the sense of Congress that Social Security does not contribute to the deficit and should be protected. Submitted
12Version 1Newhouse (WA), Byrne (AL), Stivers (OH), Goodlatte (VA)RepublicanLate Directs the Secretary of the Treasury to include in the debt report to Congress whether the President recommends that Congress adopt a balanced budget amendment to control the accumulation of future debt.Made In Order
2Version 1Schrader (OR), Ribble (WI)Bi-PartisanAdds a provision to require a reduction in pay for Members of Congress during each day a government shutdown is in effect and defines “government shut” as a lapse in appropriations or defaulting on the National Debt.Submitted
10Version 1Scott, Bobby (VA)DemocratLate Requires the Treasury Secretary's report to include an economic forecast of the negative consequences of failing to raise the debt limit, including potential job losses for America’s workers and heightened economic insecurity for working families.Submitted
3Version 1Takano (CA)DemocratRequires the report to include the impact the threat of default would have on the economy, including, but not limited to, the impact on the Gross Domestic Product (GDP), interest rates, employment, household wealth, and retirement assets. Made In Order
4Version 1Takano (CA)DemocratRequires the report to include the impact the failure to raise the debt limit would have on veterans including, disability and education benefits, access to health care, transition assistance and job-training, and Veterans Administration home loans.Submitted
11Version 2Waters (CA)DemocratLate Revised Requires the Secretary's report to include how the Statement of Intent required under the bill as well as the threat of default or failure by Congress to raise the debt limit will impact the nation's wealth gap and racial wealth gap.Submitted