Terms of Credit Act
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HR 3771 — Terms of Credit Act
Last action — Referred to the Subcommittee on the Constitution and Civil Justice.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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Died in session
This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Terms of Credit Act This bill establishes expedited legislative procedures for spending reduction legislation, limits regulatory activity, and increases the debt limit. Eleven House committees must submit to the House Budget Committee legislation to reduce direct spending by specified amounts, and Congress must consider the legislation using expedited procedures. The bill restricts legislative activities and adjournment of the House until the spending reduction legislation and appropriations legislation is passed. Congress must vote on a balanced budget amendment to the U.S. Constitution by December 31, 2015. Regulatory Freeze for Jobs Act of 2015 Until July 1, 2017, the bill imposes a moratorium on significant regulatory actions that are likely to result in an annual cost to the economy of at least $50 million or adversely affect the economy or a sector of the economy, productivity, competition, jobs, the environment, public health or safety, small entities, or state, local, or tribal governments or communities. Midnight Rule Relief Act of 2015 Agencies may not propose or finalize certain rules during the final months of a President's term. The bill includes an exception for repealing existing regulations and permits waivers for specified regulations. The bill also increases the debt limit to $19.6 trillion. (Under current law the debt limit is suspended through March 15, 2017, and will be increased on March 16, 2017, to accommodate obligations issued during the suspension period.)
Bill Text
We don't have the full text on file for this bill yet.
Read HR 3771 on the official United States source →Action History
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Referred to the Subcommittee on the Constitution and Civil Justice.
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Referred to House Ways and Means
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Referred to House Judiciary
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Referred to House Oversight and Government Reform
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Referred to House Rules
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Referred to the Committee on Rules, and in addition to the Committees on Oversight and Government Reform, the Judiciary, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Introduced in House
Sponsors
- Bill Flores · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 546 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (546)
546 members have not signed on to this bill.
Show all 546 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HR 3771 do?
- Terms of Credit Act This bill establishes expedited legislative procedures for spending reduction legislation, limits regulatory activity, and increases the debt limit. Eleven House committees must submit to the House Budget Committee legislation to reduce direct spending by specified amounts, and Congress must consider the legislation using expedited procedures. The bill restricts legislative activities and adjournment of the House until the spending reduction legislation and appropriations legislation is passed. Congress must vote on a balanced budget amendment to the U.S. Constitution by December 31, 2015. Regulatory Freeze for Jobs Act of 2015 Until July 1, 2017, the bill imposes a moratorium on significant regulatory actions that are likely to result in an annual cost to the economy of at least $50 million or adversely affect the economy or a sector of the economy, productivity, competition, jobs, the environment, public health or safety, small entities, or state, local, or tribal governments or communities. Midnight Rule Relief Act of 2015 Agencies may not propose or finalize certain rules during the final months of a President's term. The bill includes an exception for repealing existing regulations and permits waivers for specified regulations. The bill also increases the debt limit to $19.6 trillion. (Under current law the debt limit is suspended through March 15, 2017, and will be increased on March 16, 2017, to accommodate obligations issued during the suspension period.)
- Who sponsors HR 3771?
- HR 3771 is sponsored by Bill Flores (R).
- What is the current status of HR 3771?
- This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HR 3771?
- Track HR 3771 free on One Click Politics — get push/email alerts when it moves.
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