,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #bcce  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #ab1 #bjac ,mr4 
,mc,dermott introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,h\se      
,adm9i/ration  ,a ,,bill  ,to prohibit  
,memb]s ( ,congress f receiv+ pay :5 !  
,f$]al ,gov]nm5t is unable to make      
paym5ts or meet obligations because !   
public debt limit has be5 rea*$4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,pay ,y\r ,bills or ,lose ,y\r ,pay ,act
 ( #bjac4  #b4 ,f9d+s ,congress f9ds !  
foll[+3  7#a7 ,x is an ,am]ican value to
 meet all obligations4  7#b7 ,a ,,aaa   
cr$it rat+ is ess5tial to ! economic /&+
 ( ! ,unit$ ,/ates 9 ! _w4  7#c7 ,!     
/atutory debt limit 0 increas$--  7,a7  
#ah times dur+ ! presid5cy ( ,ronald    
,reagan2  7,b7 #d times dur+ ! presid5cy
 ( ,george ,h4 ,w4 ,bu%2  7,c7 #f times 
dur+ ! presid5cy ( ,william ,j4 ,cl9ton2
 &  7,d7 #g times dur+ ! presid5cy (    
,george ,w4 ,bu%4  7#d7 ,section #d ( ! 
#ad? ,am5dm5t ( ! ,unit$ ,/ates         

,con/itution /ates ! validity ( ! public
 debt ( ! ,unit$ ,/ates1 au?oriz$ by    
law1 includ+ debts incurr$ = paym5t (   
p5sions & b\nties = s]vices 9 suppress+ 
insurrection or rebellion1 %all n be    
que/ion$4  7#e7 ,! /atutory debt limit  
is increas$ by ,congress to pay f9ancial
 obligations au?oriz$ by ,congress4     
7#f7 ,! rat+s ag5cy ,moody's has call$ =
 ! public debt limit to be elim9at$4    
7#g7 ,! ,unit$ ,/ates is "o ( ! few     
nations 9 ! _w ) a public debt limit4   
7#h7 ,! annual budget resolution1 vot$  
on by memb]s ( ! ,s5ate & ,h\se (       
,repres5tatives1 specifies ! appropriate
 level ( ! public debt = ea* fiscal ye> 
cov]$ by ! resolution4  7#i7 ,at times !
 /atutory debt limit mu/ be increas$ to 
honor f9ancial obligations au?oriz$ &   
appropriat$ by ,congress & ! ,presid5t (
 ! ,unit$ ,/ates4  7#aj7 ,! cr$it rat+  
ag5cy ,/&>d & ,poor's d[ngrad$ ! cr$it  
rat+ ( ! ,unit$ ,/ates = ! fir/ "t 9 its
 hi/ory on ,augu/ #e1 #bjaa1 cit+       
political br9ksman%ip z a prim>y reason 

= its action4  7#aa7 ,9 ,july #bjab1 !  
,gov]nm5t ,acc\ntability ,(fice e/imat$ 
t ! #bjaa debt limit /&(f co/ taxpay]s  
#a1cjj1jjj1jjj 9 fiscal ye> #bjaa1 & !  
,gov]nm5t ,acc\ntability ,(fice fur!r   
not$ t ,congress %\ld consid] ways to   
''' avoid pot5tial disruptions to !     
,treasury m>ket & to help in=m ! fiscal 
policy debate 9 a timely way44  7#ab7 ,9
 ,janu>y #bjac1 ! ,bip>tisan ,policy    
,c5t] e/imat$ t ! #aj-ye> co/ to        
taxpay]s ( ! #bjaa debt limit /&(f is   
#ah1ijj1jjj1jjj4  #c4 ,hold+ sal>ies (  
,memb]s ( ,congress 9 escr[ ^u failure  
to meet debt obligations  7a7 ,hold+    
sal>ies 9 escr[  7#a7 ,9 g5]al ,if !    
,f$]al ,gov]nm5t is unable to make      
paym5ts or meet obligations because !   
public debt limit "u section #caja (    
title #ca1 ,unit$ ,/ates ,code1 has be5 
rea*$1 dur+ ! p]iod describ$ 9 p>agraph 
7#b7 ! payroll adm9i/rator ( ea* ,h\se (
 ,congress %all deposit 9 an escr[      
acc\nt all paym5ts o!rwise requir$ to be
 made dur+ su* p]iod = ! comp5sation (  

,memb]s ( ,congress :o s]ve 9 t ,h\se ( 
,congress1 & %all release su* paym5ts to
 su* ,memb]s only ^u ! expiration ( su* 
p]iod4  7#b7 ,p]iod describ$ ,! p]iod   
describ$ 9 ?is p>agraph is ! p]iod      
beg9n+ on ! date on :i* ! ,f$]al        
,gov]nm5t is unable to make paym5ts or  
meet obligations because ! public debt  
limit "u section #caja ( title #ca1     
,unit$ ,/ates ,code1 has be5 rea*$1 &   
end+ on ! e>li] (--  7,a7 ! date on :i* 
! ,h\se ( ,repres5tatives & ! ,s5ate    
pres5t a bill to ! ,presid5t "u article 
,i1 section #g ( ! ,con/itution ( !     
,unit$ ,/ates1 to increase ! public debt
 limit "u section #caja ( title #ca1    
,unit$ ,/ates ,code2 or  7,b7 ! la/ day 
( ! ,"o ,hundr$ ,?irte5? ,congress4     
7#c7 ,)hold+ & remittance ( am\nts f    
paym5ts held 9 escr[ ,! payroll         
adm9i/rator ( ea* ,h\se ( ,congress %all
 provide = ! same )hold+ & remittance ) 
respect to a paym5t deposit$ 9 an escr[ 
acc\nt "u p>agraph 7#a7 t w\ld apply to 
! paym5t if ! paym5t 7 n subject to     

p>agraph 7#a74  7#d7 ,release ( am\nts  
at end ( congress ,9 ord] to ensure t   
?is section is c>ri$ out 9 a mann] t    
%all n v>y ! comp5sation ( ,s5ators or  
,repres5tatives 9 violation ( ! #bg?    
,am5dm5t to ! ,con/itution ( ! ,unit$   
,/ates1 ! payroll adm9i/rator ( a ,h\se 
( ,congress %all release = paym5ts to   
,memb]s ( t ,h\se ( ,congress any am\nts
 rema9+ 9 any escr[ acc\nt "u ?is       
section on ! la/ day ( ! ,"o ,hundr$    
,?irte5? ,congress4  7#e7 ,role (       
,secret>y ( ! ,treasury ,! ,secret>y ( !
 ,treasury %all provide ! payroll       
adm9i/rators ( ! ,h\ses ( ,congress )   
su* assi/ance z may be necess>y to      
enable ! payroll adm9i/rators to c>ry   
out ?is section4  7b7 ,treatm5t (       
delegates z memb]s ,9 ?is section1 ! t]m
 ,memb] includes a ,delegate or ,resid5t
 ,commission] to ,congress4  7c7        
,payroll ,adm9i/rator def9$ ,9 ?is      
section1 ! payroll adm9i/rator ( a ,h\se
 ( ,congress means--  7#a7 9 ! case ( ! 
,h\se ( ,repres5tatives1 ! ,*ief        

,adm9i/rative ,(fic] ( ! ,h\se (        
,repres5tatives1 or an employee ( !     
,(fice ( ! ,*ief ,adm9i/rative ,(fic] :o
 is designat$ by ! ,*ief ,adm9i/rative  
,(fic] to c>ry out ?is section2 &  7#b7 
9 ! case ( ! ,s5ate1 ! ,secret>y ( !    
,s5ate1 or an employee ( ! ,(fice ( !   
,secret>y ( ! ,s5ate :o is designat$ by 
! ,secret>y to c>ry out ?is section4