H.R.443: Protecting America's Solvency Act of 2013

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about economics and public finance
You can read the bill
Sponsor Mo Brooks, R-Ala.
Total Cosponsors 3 (All Republicans)
Introduced Feb. 1, 2013
Latest Major Action Feb. 1, 2013
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Protecting America's Solvency Act of 2013 - Increases the public debt limit by $1 trillion, effective upon adoption by the Congress of a balanced budget constitutional amendment in accordance with the requirements of this Act. Increases the public debt limit by an additional $1 trillion, effective upon ratification of such amendment.

Requires such a balanced budget amendment to provide, among other things, that: (1) total outlays of the United States (except those for repayment of debt principal) for any fiscal year shall not exceed total receipts (except those derived from borrowing) for that fiscal year; (2) this fiscal year deficit prohibition may be suspended by a majority of the membership of both houses of Congress in the event of a congressionally declared war, or by 4/5 of the membership of Congress for any other fiscal year; (3) the President, in specified circumstances, shall have discretion to take necessary steps to ensure total outlays for that fiscal year do ...

(Source: Congressional Research Service)

Bill Actions

Date Description
Feb. 1, 2013 Referred to the House Committee on Ways and Means.