Sec. 8. Expedited procedures for considering an increase in the debt limit
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In this section, the term joint resolution means a joint resolution— that is introduced by the Majority Leader of the Senate, or a designee, during the period beginning on the date of enactment of this Act and ending on December 31, 2021; which does not have a preamble; the title of which is as follows: Joint resolution relating to increasing the debt limit. ; and the matter after the resolving clause of which is as follows: That the limitation under section 3101(b) of title 31, United States Code, as most recently increased by , the blank space being appropriately filled in with the dollar amount of the increase.
Public Law 117–50 ( 31 U.S.C. 3101 note), is increased by $_________. Upon introduction in the Senate, the joint resolution shall be placed immediately on the calendar. Notwithstanding rule XXII of the Standing Rules of the Senate, it is in order, not later than January 15, 2022 (even though a previous motion to the same effect has been disagreed to) to move to proceed to the consideration of the joint resolution. For a motion to proceed to the consideration of the joint resolution— all points of order against the motion are waived; the motion is not debatable; the motion is not subject to a motion to postpone; a motion to reconsider the vote by which the motion is agreed to or disagreed to shall not be in order; and if the motion is agreed to, the joint resolution shall remain the unfinished business until disposed of.
If the Senate proceeds to consideration of the joint resolution— all points of order against the joint resolution (and against consideration of the joint resolution) are waived; debate on the joint resolution, and all debatable motions and appeals in connection therewith, shall be limited to not more than 10 hours, which shall be divided equally between the Chairman and Ranking Member of the Committee on Finance; an amendment to the joint resolution is not in order; a motion to postpone or a motion to commit the joint resolution is not in order; and a motion to proceed to the consideration of other business is not in order.
The vote on passage shall occur immediately following the conclusion of the debate on the joint resolution and a single quorum call if requested in accordance with the rules of the Senate. Appeals from the decisions of the Chair relating to the application of this paragraph or the rules of the Senate, as the case may be, to the procedure relating to the joint resolution shall be decided without debate. It shall not be in order to consider more than 1 joint resolution under the procedures under this paragraph.
It shall not be in order to consider a joint resolution under the procedures under this paragraph after January 16, 2022. This subsection is enacted by Congress— as an exercise of the rulemaking power of the Senate, and as such is deemed a part of the rules of the Senate, but applicable only with respect to the procedure to be followed in the Senate in the case of a joint resolution, and supersede other rules only to the extent that they are inconsistent with such rules; and with full recognition of the constitutional right of the Senate to change the rules (so far as relating to the procedure of the Senate) at any time, in the same manner, and to the same extent as in the case of any other rule of the Senate.
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Sec. 8
Expedited procedures for considering an increase in the debt limit
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