H.R.233: To amend chapter 31 of title 31, United States Code, to provide for an orderly process by which the debt ceiling is increased.

Authorizes an extension of the presidential authority to modify the public debt ceiling (subject to enactment of a congressional joint resolution of disapproval). Authorizes the Secretary of the Treasury to borrow an additional amount estimated to be sufficient to meet commitments for one year whenever the President certifies to Congress that the public debt subject to limit is within $100 billion of the $16.394 trillion limit and that further...

(Source: Library of Congress)