Sentences with phrase «debt limit legislation»
The process, created in 1974, is designed to speed up certain tax, spending and debt limit legislation and has been employed a couple dozen times.
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The study contrasts with earlier research which concluded that companies that repatriated foreign earnings following the 2004 legislation tended to be those with rather limited investment opportunities both at home and abroad, a paucity, it was argued, that explains their failure to fund domestic investment through debt financing before the tax holiday.
The legislation enforces limits on discretionary spending until 2021, establishes a procedure to increase the debt limit, creates a Congressional Joint Select Committee on Deficit Reduction to propose further deficit reduction with a stated goal of achieving at least $ 1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $ 1.2 trillion if legislation originating with the new joint select committee does not achieve such savings.
According to Bloomberg sources, «the White House would like to extend the debt limit long enough to move back the threat of a U.S. default until after Congress can deal with funding for the full federal fiscal year and tax legislation the Trump administration backs.»
But many lenders will issue loans up to a forty - three percent debt - to - income ratio, the limit set by recent federal legislation.
Reconciliation instructions may also direct the House Ways and Means Committee and the Senate Finance Committee to report legislation to change the limit on the public debt in accordance with the spending levels in the budget resolution.
The Congressional Budget Act permits using reconciliation for legislation that changes spending, revenues, and the federal debt limit.
Most provinces in Canada, including Ontario, have put in place legislation to prevent fee abuses in the debt settlement industry by limiting upfront fees and defining fee limits.
But many lenders will issue loans up to a forty - three percent debt - to - income ratio, the limit set by recent federal legislation.