Bill Sponsor
BILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 3746
118th Congress(2023-2024)
Fiscal Responsibility Act of 2023
Became Law
Amendments
Became Law
Became Public Law 118-5 on Jun 3, 2023
Overview
Text
Introduced
May 29, 2023
Latest Action
Jun 3, 2023
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3746
Congress
118
Policy Area
Economics and Public Finance
Economics and Public Finance
Primary focus of measure is budgetary matters such as appropriations, public debt, the budget process, government lending, government accounts and trust funds; monetary policy and inflation; economic development, performance, and economic theory.
Sponsorship by Party
Republican
Patrick McHenry
North Carolina
House Votes (1)
Senate Votes (1)
checkPassed on June 1, 2023
Question
On Passage
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
Recorded Vote
Roll Number
243
House Roll Call Votes
Summary

Fiscal Responsibility Act of 2023

This bill increases the federal debt limit, establishes new discretionary spending limits, rescinds unobligated funds, and expands work requirements for federal programs.

Specifically, the bill suspends the federal debt limit through January 1, 2025, and increases the limit on January 2, 2025, to accommodate the obligations issued during the suspension period.

In addition, the bill establishes new discretionary spending limits for FY2024 and FY2025 that are enforced with sequestration (i.e., automatic spending cuts). It also changes the limits to 1% below the FY2023 base funding levels if a continuing resolution is in effect on or after January 1, 2024, or on or after January 1, 2025, because all 12 regular appropriations bills were not enacted by the end of the prior year.

The bill also includes provisions that

  • rescind certain unobligated funds that were provided to address COVID-19 and to the Internal Revenue Service;
  • provide funding for the Department of Veterans Affairs Cost of War Toxic Exposure Fund;
  • provide funding for the Department of Commerce Nonrecurring Expenses Fund;
  • provide statutory authority through 2024 for the requirement for agencies that propose certain administrative actions that will increase direct spending to also propose at least one administrative action that will decrease direct spending by at least the same amount (commonly known as administrative pay-as-you-go rules);
  • terminate the suspension of federal student loan payments;
  • expand the work requirements for the Supplemental Nutrition Assistance Program (SNAP) and the Temporary Assistance for Needy Families (TANF) program; and
  • expedite the permitting process for certain energy projects.
Text (4)
Enrolled Bill
Engrossed in House
May 31, 2023
Placed on Calendar Senate
May 31, 2023
Introduced in House
May 29, 2023
Related Bills (4)
May 31, 2023
Passed House
1
Sponsorship
House Simple Resolution 456
Providing for consideration of the bill (H.R. 3746) to provide for a responsible increase to the debt ceiling.
Active