H.R.3807: Pay Our Bills Act

About This Bill

Bill Summary

Pay Our Bills Act This bill permits the President to increase the statutory debt limit unless two-thirds of Congress votes to disapprove the increase. If the President certifies to Congress that the debt is within $100 billion of the limit and a specified amount of further borrowing is necessary to meet existing commitments, the Department of the Treasury may borrow the specified amount unless a joint resolution of disapproval is enacted...

(Source: Library of Congress)

Bill Actions

Date Description
Oct. 22, 2015
Referred to House Rules
Oct. 22, 2015
Referred to House Ways and Means
Oct. 22, 2015

Introduced in the House by Michael M. Honda (D-Calif.)

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