Expressing the sense of the House of Representatives that Congress should retain its authority to borrow money on the credit of the United States and not cede this power to the President.

Expresses the sense of the House of Representatives that Congress should retain its authority vested in the U.S. Constitution to borrow money on the credit of the United States and not provide the executive branch with exclusive power to issue debt on behalf of the federal government.

[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 826 Introduced in House (IH)]

112th CONGRESS
  2d Session
H. RES. 826

  Expressing the sense of the House of Representatives that Congress 
should retain its authority to borrow money on the credit of the United 
            States and not cede this power to the President.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            December 5, 2012

    Mr. Fleming (for himself, Mr. Posey, Mr. Mulvaney, Mr. Price of 
  Georgia, Mr. King of Iowa, Mr. Gohmert, Mr. Franks of Arizona, Mrs. 
Lummis, Mr. Broun of Georgia, Mr. Culberson, Mr. Walberg, Mrs. Myrick, 
  Mr. Neugebauer, Mr. Sam Johnson of Texas, Mr. Flores, Mr. Barton of 
Texas, Mr. Olson, Mr. Gingrey of Georgia, Mr. Harris, Mr. Austin Scott 
of Georgia, and Mr. Brady of Texas) submitted the following resolution; 
         which was referred to the Committee on Ways and Means

_______________________________________________________________________

                               RESOLUTION


 
  Expressing the sense of the House of Representatives that Congress 
should retain its authority to borrow money on the credit of the United 
            States and not cede this power to the President.

Whereas, on November 29, 2012, the Secretary of the Treasury, on behalf of the 
        President, proposed that Congress should surrender its authority to 
        establish the debt limit of the United States to the executive branch: 
        Now, therefore, be it
    Resolved, That it is the sense of the House of Representatives that 
the Congress should retain its authority vested in article 1, section 8 
of the Constitution to ``borrow money on the credit of the United 
States'' and not provide the executive branch with exclusive power to 
issue debt on behalf of the United States Government.
                                 <all>