II 115th CONGRESS 1st Session S. 716 IN THE SENATE OF THE UNITED STATES March 23, 2017 Mr. Portman (for himself, Mr. Rubio , Mrs. Capito , Mr. Isakson , Mr. Barrasso , and Mr. Lee ) introduced the following bill; which was read twice and referred to the Committee on the Budget A BILL To require that any debt limit increase be balanced by equal spending cuts over the next decade.