To require that any debt limit increase or suspension be balanced by equal spending cuts over the next decade.

Referred to the Committee on Ways and Means, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.