Sec. 945. Public Debt Limit. |
1. Upon the adoption by the
Congress (under section 301 or 304 of the Congressional Budget Act of
1974) of any concurrent resolution on the budget setting forth as the
appropriate level of the public debt for the period to which such
concurrent resolution relates an amount which is different from the
amount of the statutory limit on the public debt that would otherwise be
in effect for such period, the enrolling clerk of the House of
Representatives shall prepare an engrossment of a joint resolution, in
the form prescribed in clause 2, increasing or decreasing the statutory
limit on the public debt. The vote by which the conference report on the
concurrent resolution on the budget was agreed to in the House (or by
which the concurrent resolution itself was adopted in the House, if
there is no conference report) shall be deemed to have been a vote in
favor of such joint resolution upon final passage in the House of
Representatives. Upon the engrossment of such joint resolution it shall
be deemed to have passed the House of Representatives and been duly
certified and examined; the engrossed copy shall be signed by the Clerk
and transmitted to the Senate for further legislative action; and (upon
final passage by both Houses) the joint resolution shall be signed by
the presiding officers of both Houses and presented to the Presi
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