I 115th CONGRESS 1st Session H. R. 3167 IN THE HOUSE OF REPRESENTATIVES July 6, 2017 Mr. Schweikert (for himself, Mr. Franks of Arizona , Mr. Meadows , and Mr. Fortenberry ) introduced the following bill; which was referred to the Committee on Ways and Means , and in addition to the Committees on Financial Services , the Budget , and Rules , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To provide that, in the event that the Secretary of the Treasury estimates that the debt ceiling will be reached, the Secretary is required to issue GDP-linked bonds to pay the principal and interest on the public debt and the President is authorized to request the rescission of certain unobligated balances and sell certain mortgage-related assets, and for other purposes.