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114-hr-3807114th Congress

Pay Our Bills Act

Sponsored By: Representative MICHAEL HONDA

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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 within 15 days after Congress receives the certification. The debt limit is suspended from the date the President submits the certification to Congress until the earlier of: (1) 15 days after Congress receives the certification, or (2) enactment of a joint resolution of disapproval. After the suspension period ends, the limit is increased to accommodate obligations issued during the suspension period. Congress must consider a joint resolution of disapproval using expedited legislative procedures specified in the bill. If the resolution is approved by Congress, the President may veto the resolution. If Congress votes to override the veto with a two-thirds vote of each chamber, the debt limit may not be increased, except as required during the suspension period.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

MICHAEL HONDA

CA • D

Cosponsors

  • RUBEN HINOJOSA

    TX • D

    Sponsored 10/22/2015

  • Rep. Lee, Barbara [D-CA-12]

    CA • D

    Sponsored 10/22/2015

  • Rep. Swalwell, Eric [D-CA-14]

    CA • D

    Sponsored 10/22/2015

  • Rep. Huffman, Jared [D-CA-2]

    CA • D

    Sponsored 10/22/2015

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 10/22/2015

  • Rep. Beyer, Donald S. [D-VA-8]

    VA • D

    Sponsored 10/22/2015

  • Rep. Vargas, Juan [D-CA-52]

    CA • D

    Sponsored 10/22/2015

  • Rep. Costa, Jim [D-CA-21]

    CA • D

    Sponsored 10/22/2015

  • Rep. Moore, Gwen [D-WI-4]

    WI • D

    Sponsored 10/22/2015

  • Rep. Takai, Mark [D-HI-1]

    HI • D

    Sponsored 10/22/2015

  • Rep. Jackson Lee, Sheila [D-TX-18]

    TX • D

    Sponsored 10/22/2015

  • Rep. Pascrell, Bill, Jr. [D-NJ-9]

    NJ • D

    Sponsored 10/22/2015

  • Rep. Cartwright, Matt [D-PA-8]

    PA • D

    Sponsored 10/22/2015

  • Rep. Lowenthal, Alan S. [D-CA-47]

    CA • D

    Sponsored 10/22/2015

  • Rep. Cicilline, David N. [D-RI-1]

    RI • D

    Sponsored 10/22/2015

  • Rep. Hastings, Alcee L. [D-FL-20]

    FL • D

    Sponsored 10/22/2015

  • Rep. Lofgren, Zoe [D-CA-18]

    CA • D

    Sponsored 10/22/2015

  • JOHN CONYERS

    MI • D

    Sponsored 10/22/2015

  • Rep. Pingree, Chellie [D-ME-1]

    ME • D

    Sponsored 10/22/2015

  • CHARLES RANGEL

    NY • D

    Sponsored 10/22/2015

  • Rep. Ellison, Keith [D-MN-5]

    MN • D

    Sponsored 10/27/2015

  • Rep. Larsen, Rick [D-WA-2]

    WA • D

    Sponsored 10/27/2015

  • ROBERT BRADY

    PA • D

    Sponsored 10/27/2015

  • Rep. Connolly, Gerald E. [D-VA-11]

    VA • D

    Sponsored 10/27/2015

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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