Bill > HR6724

This bill, the Debt Ceiling Reform Act, establishes procedures for congressional disapproval of the issuance of additional federal debt. The key provisions include: 1. Requiring the President to submit a written certification to Congress when the debt is within $100 billion of a $1 trillion increment, and authorizing the issuance of additional debt to meet existing commitments after the certification is submitted. 2. Allowing Congress to consider a joint resolution to disapprove the President's exercise of authority to issue additional debt within 50 calendar days of receiving the certification. 3. Providing expedited procedures in the House and Senate for considering and voting on the joint resolution of disapproval. 4. Prohibiting the issuance of additional debt if Congress enacts the joint resolution of disapproval into law within the 50-day period. 5. Repealing an expired provision related to the debt ceiling, and making technical and conforming amendments to related laws.