H.R.319: To amend the Congressional Budget Act of 1974 to provide for an expedited process for increasing the statutory limit on the public debt.

Amends the Congressional Budget Act of 1974 to revise the contents of the concurrent resolution on the budget to include a heading entitled "Debt Increase as Measure of Deficit" to set forth the amounts by which the current $14.294 trillion public debt limit shall increase in each of such years. Declares that, upon passage in the House of Representatives of the conference report on any concurrent budget resolution, it shall be immediately in...

(Source: Library of Congress)