S.Amdt. 939

SA 939. Mr. SCOTT, of Florida submitted an amendment intended to be
proposed to amendment SA 891 proposed by Mr. Schumer to the bill H.R.
1319, to provide for reconciliation pursuant to title II of S. Con.
Res. 5; which was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. POINT OF ORDER RELATING TO NATIONAL DEBT
EMERGENCIES.

(a) Definition.--In this section--
(1) the term ``debt limit'' means the limitation imposed by
section 3101(b) of title 31, United States Code; and
(2) the term ``national debt emergency period'' means any
period during which the Office of Management and Budget--
(A) has determined that the amount of debt subject to the
debt limit has exceeded the nominal size of the gross
domestic product for 3 consecutive years; and
(B) projects that the amount of debt subject to the debt
limit will continue to exceed the projected gross domestic
product for the next 5 consecutive years.
(b) Point of Order.--During a national debt emergency
period, it shall not be in order in the Senate to consider
any bill, joint resolution, motion, amendment, amendment
between the Houses, or conference report--
(1) that would suspend the debt limit for a period of more
than 90 days; or
(2) for which the net budgetary effects are greater than
zero.
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