McCarthy releases text of debt ceiling bill

House Speaker Kevin McCarthy, R-Calif., recently released the text of the bill to raise the debt ceiling to cover U.S. obligations through Jan. 2, 2025, and began promoting it for passage. The bill is titled the Fiscal Responsibility Act.
House Rules Committee Chairman Tom Cole, R-Okla., said the committee will meet today at 2 p.m. to consider what Cole called an “emergency measure.”
House Majority Leader Steve Scalise, R-La., said that the House will meet at 2 p.m. Wednesday to consider the bill. Scalise said he expects first votes at 3:30 p.m. and last votes by 8:30 p.m.
The 99-page bill includes changes to the Supplemental Nutrition Assistance Program beginning page 67.
There is also a provision that says, “The unobligated balances of amounts made available under the heading ‘Rural Development Programs — Rural Utilities Service —Distance Learning, Telemedicine, and Broadband Program’ in title I of division 8B of Public Law 116–136 are hereby permanently rescinded.
“A White House official told reporters in a call today that that the Republican House bill had “proposed to expand the SNAP work requirements to people age 50 to 55; currently, they go from 18 to 49. And then during the negotiations, Republican negotiators demanded another SNAP cut that would have restricted state flexibility to waive SNAP work requirements in areas with insufficient jobs.”
“The final agreement makes no changes to state waivers. It does, however, include the Republican proposal to phase in SNAP work requirements to people up to age 54. But at the president’s insistence, it also includes changes that will actually reduce the number of vulnerable people who are subject to SNAP work requirements. And these exemptions apply to all ages 18 to 54. So these exemptions are for people who are homeless and veterans, as well as foster youth.
“And I’ll point out that [Housing and Urban Development] Secretary [Marcia] Fudge noted today that the definition of homeless in the existing SNAP statute is broad. That includes housing instability.
“So, you know, if you factor in both the ’50 to 54′ change, but also the changes for veterans, for the homeless, and for foster youth, we expect that the number of people subject to SNAP work requirements will stay roughly the same under this agreement. And that’s even the case when the age change is fully phased in.
“I’ll also say that at the president’s insistence, the SNAP changes in this bill are temporary, sunsetting in 2030, which will give Congress an opportunity to reevaluate them.”
In an article published by The Wall Street Journal, McCarthy wrote, “All in all, the Fiscal Responsibility Act is truly worthy of the American people.”
“It does what is responsible for our children, what is possible in divided government, and what is required by our principles and promises. Only because of Republicans’ resolve did we achieve this transformative change to how Washington operates. We are 141 days into this Republican majority, and we’re only getting started.”
Before the bill text was released, Center on Budget Policy and Priorities Sharon Parrott said in a statement, “While the debt ceiling agreement announced last night is a significant improvement over the radical House bill, it is not the deal the country deserves.”
“The agreement puts hundreds of thousands of older adults aged 50-54 at risk of losing food assistance, including a large number of women,” Parrott continued.
“Doubling down on the existing, failed SNAP work-reporting requirement for adults aged 18-49 without children, this provision ignores the strong evidence that it takes food assistance away from large numbers of people without increasing employment or earnings.
“A large share of low-income adults in this age range are in poor health; many of them will lose basic assistance they need to buy groceries because they aren’t able to meet the work-reporting requirement; and the exemption system, notoriously laden with red tape, won’t work.
“Decades of experience under the existing policy shows that many of those whose SNAP benefits are taken away should have been exempt. Those newly at risk of losing food assistance have very low incomes, typically well below the poverty line, and will be pushed even deeper into poverty when they lose SNAP.”
But she added,”The agreement includes some improvements to the existing failed SNAP policy.”
“While the new exemptions are positive, improvements for some don’t justify expanding to others a failed policy that will increase and deepen poverty.
“Under the agreement, veterans and people experiencing homelessness can be exempted from the requirements if states properly identify that they meet these criteria. But many veterans and people experiencing homelessness should have been exempt under the current criteria; the need for a special category exposes the failures of the current exemption system.
“And most people aged 50-54 newly subject to the requirements are not veterans or people experiencing homelessness.
“Taking about $8 per person per day on average of food assistance away from older adults was never about reducing deficits — the savings are tiny in the context of the federal budget and the U.S. can easily afford to ensure that people can afford food.” 
Rural Voices USA, a nationwide network of farmers and rural community leaders, urged Congress to pass the bill.
“Now that agreement has been reached on addressing the debt ceiling, we urge Congress to move forward with passing it,” Rural Voices Board President Chris Gibbs said.
“Rural America would be hammered by default and its cascading impacts on retirement savings, farm credit, access to capital, benefits and more.
“In addition to avoiding this politically manufactured crisis, Congress should get back to the business of legislating: investing in rural health care and education, expanding new markets for our agriculture products, and protecting every American’s right to vote.”
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