House Passes Debt Limit Bill

This bill (H.R. 325) suspends the current public debt limit until May 19, states that it cannot cover new spending and suspends the pay of members of the House and Senate if they do not pass a budget resolution before April 15, 2013.  The bill passed by a vote of 285 – 144 with 199 Republicans and 86 Democrats voting in favor of the legislation.  The Senate is expected to pass the bill and the President is expected to sign it.  The action then moves to sequestration, the funding of the federal government and the new May 19 deadline to once again act on the debt limit. For more information, please contact Jeff Shoaf at (202) 547-3350 or shoafj@agc.org.