S.Amdt. 332

1. Adds SEC. __. STATUTORY LIMIT ON PUBLIC DEBT FOR FISCAL YEAR 2016 wherever appropriate

   Adds a section

   Inserted: SEC. __. STATUTORY LIMIT ON PUBLIC DEBT FOR FISCAL YEAR 2016.

   Inserted: (a) Increase in Statutory Limit on Public Debt.--If this resolution sets forth, as the appropriate level of the public debt for fiscal year 2016, an amount that is different from the amount of the statutory limit on the public debt that otherwise would be in effect for fiscal year 2016, the Chairman of the Committee on the Budget of the Senate and the Committee on the Budget of the House of Representatives shall each introduce a joint resolution increasing or decreasing, as the case may be, the statutory limit on public debt in the form prescribed in subsection (c) and move to proceed to such joint resolution. The motion is highly privileged in the House of Representatives and is privileged in the Senate and is not debatable. The motion is not subject to amendment, or to a motion to postpone, or to a motion to proceed to the consideration of other business. If the Chairman makes such a motion to proceed to the joint resolution, the motion to proceed shall be agreed to with out intervening action or debate.

   Inserted: (b) Vote on Passage.--

   Inserted: (1) In general.--Immediately after the Senate or House of Representatives proceeds to a joint resolution under subsection (a), a vote on passage of the joint resolution shall occur without any intervening action or debate. An affirmative vote of a majority of the Members of the House of Representatives or of the Senate, as the case may be, duly chosen and sworn, shall be required for adoption of the joint resolution.

   Inserted: (2) Amendments.--No amendment to a joint resolution described in subsection (a) shall be in order in the Senate or the House of Representatives.

   Inserted: (3) Transmittal to other house of congress.--If a joint resolution is adopted under paragraph (1), the engrossed copy shall be signed by the Secretary of the Senate or the Clerk of the House of Representatives, as the case may be, and transmitted to the other House of Congress for further legislative action.

   Inserted: (4) Coordination with action by other house.--If before adopting a joint resolution under paragraph (1), one House receives from the other a joint resolution described in subsection (a)--

   Inserted: (A) the joint resolution of the other House shall not be referred to a committee; and

   Inserted: (B) the procedure in the receiving House shall be the same as if no joint resolution had been received from the other House until the vote on passage, when the joint resolution received from the other House shall supplant the joint resolution of the receiving House.

   Inserted: (c) Joint Resolution.--The matter after the resolving clause in a joint resolution described in subsection (a) shall be as follows: "That subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting '$______

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place, insert the following:

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As printed