Summary of Amendments Submitted to the Rules Committee for H.R. 3442 - Debt Management and Fiscal Responsibility Act of 2015

Summaries Derived from Information Provided by Sponsors

Listed in Alphabetical Order

Feb 9, 2016 5:11 PM

Click on sponsor for amendment text

Duffy (WI), Hensarling (TX), McClintock (CA), Messer, Luke (IN)

#13

LATE REVISED Requires the Secretary of the Treasury to notify Congress whether it is able to pay only principal and interest on the national debt, as opposed to other obligations, in the event that the debt limit is reached.

Foster (IL)

#15

LATE Requires the assessment of the State by State impact of Federal taxation and spending.

Foster (IL)

#16

LATE Requires the assessment of the State by State impact of Federal debt and spending.

Grijalva (AZ), Pocan (WI)

#8

LATE Requires the Treasury Secretary's report to also include historical levels of federal revenue, including corporate and individual federal income taxes as a percent of gross domestic product.

Grijalva (AZ), Pocan (WI)

#9

LATE Requires the Treasury Secretary's report to also include individual salary and wage information, as well as projections of consumer spending and the impact of spending cuts on gross domestic product.

Huelskamp (KS)

#14

LATE REVISED Requires Secretary of the Treasury to provide weekly reporting of extraordinary measures and projected exhaustion date upon notification the debt limit has been reached.

Kelly, Robin (IL)

#1

Requires the Treasury Secretary's report to also include an economic forecast of the negative consequences of failing to raise the debt limit, including costs associated with public health and safety.

Lujan Grisham (NM)

#7

Requires the Secretary of Treasury to evaluate the impact that an aging population will have on long-term Federal health care spending and requires the President to develop proposals to strengthen long-term care and support caregivers in order to more effectively target long-term Federal health care spending.

Messer, Luke (IN)

#5

REVISED Requires the Secretary to report on extraordinary measures the Treasury Department intends to use if the debt limit is not lifted, project how long such measures will fund the federal government, and project the administrative costs to the Treasury Department associated with taking such actions.

Murphy, Patrick (FL)

#6

REVISED Expressing the sense of Congress that Social Security does not contribute to the deficit and should be protected.

Newhouse (WA), Byrne (AL), Stivers (OH)

#12

LATE Directs the Secretary of the Treasury to include in the debt report to Congress whether the President recommends that Congress adopt a balanced budget amendment to control the accumulation of future debt.

Schrader (OR), Ribble (WI)

#2

Adds a provision to require a reduction in pay for Members of Congress during each day a government shutdown is in effect and defines “government shut” as a lapse in appropriations or defaulting on the National Debt.

Scott, Bobby (VA)

#10

LATE Requires the Treasury Secretary's report to include an economic forecast of the negative consequences of failing to raise the debt limit, including potential job losses for America’s workers and heightened economic insecurity for working families.

Takano (CA)

#3

Requires the report to include the impact the threat of default would have on the economy, including, but not limited to, the impact on the Gross Domestic Product (GDP), interest rates, employment, household wealth, and retirement assets.

Takano (CA)

#4

Requires the report to include the impact the failure to raise the debt limit would have on veterans including, disability and education benefits, access to health care, transition assistance and job-training, and Veterans Administration home loans.

Waters (CA)

#11

LATE REVISED Requires the Secretary's report to include how the Statement of Intent required under the bill as well as the threat of default or failure by Congress to raise the debt limit will impact the nation's wealth gap and racial wealth gap.