OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Fiscal Responsibility Act of 2023

Floor Speech

Date: June 1, 2023
Location: Washington, DC

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Mr. BRAUN. Mr. President, I call up my amendment No. 91 and ask that it be reported by number.

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Mr. BRAUN. This should be the easiest vote of the night. This is to take default off the table in future endeavors like this. This simply says that when we get notice that extraordinary measures are going to be incorporated--that happened in January, I believe, of this year; X date is this Monday--that if we do not do a bill that either raises the amount or changes the date, ideally with reforms, that on the X date, after we had 5 to 6 months to do it, we have 1 percent cuts across the board on discretionary spending. It is the No Default Act.

We should not be risking default. This would be simple. It gives us plenty of time and puts a little incentive. If you reach the X date, you are going to be encouraged to do it by then. If not, it would happen again in 30 days.

I ask for your support. Let's not default when we engage this same dynamic in the future.

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