Conservative Daily News » HR 2693 http://www.conservativedailynews.com The best conservative political news, analysis and opinion articles written by a collection of citizen journalists. Covering a range of important topics in blogs, op-ed, and news posts, these upstanding patriots are bringing back American exceptionalism with every entry.. Sat, 18 May 2013 16:22:08 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 HR 2693 – Reid’s Debt Bill in the House [Full Text] http://www.conservativedailynews.com/2011/07/hr-2693-reids-debt-bill-in-the-house-full-text/?utm_source=rss&utm_medium=rss&utm_campaign=hr-2693-reids-debt-bill-in-the-house-full-text http://www.conservativedailynews.com/2011/07/hr-2693-reids-debt-bill-in-the-house-full-text/#comments Fri, 29 Jul 2011 16:35:38 +0000 R. Mitchell http://conservativedailynews.com/?p=15098 On Thursday, it appears as though the House version of Senate Majority Leader Harry Reid’s debt bill has surfaced. HR 2693 ”The Budget Control Act of 2011″. This bill isn’t compromise, it’s pure can-kicking.

 Summary

The Reid bill looks like mainly fluff – no real cuts and nothing of substance. It basically defers everything to another debt committee (e.g. Simpson-Bowles committee) and section 401 which raises the debt ceiling to almost $17 trillion dollars.

  • Non budgetary matters in the bill
    • Sell additional frequency bands (wireless spectrum auction)
    • Changes use of D-Block of electromagnetic spectrum for emergency uses
    • Changes the definition of “payment acres” for farm programs
  • Budget-related items
    • Creates another budget committee
    • Expedites the consideration of any recommendations of the committee
    • Sets aside spending for the committee
    • Changes to  student loans and pell grants (up)
      • Having trouble locating full text of current U.S.C. 1070(a), but it appears as though this increases 2011 appropriation for Pell Grants by ~$10 billion (300%+ increase) and increases another unknown sub-clause by $7.5 billion – will keep working on this.
    • Raises debt ceiling to $16.99 Trillion (from $14.3 trillion)

Full Text of the Bill

Rich Mitchell is the Sr. Managing Editor of Conservative Daily News. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and google+

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