,i #aacth ,,congress #ast ,session ,h4 ,r4 #bij ,,in ,,the ,,house ,,of ,,representatives ,january #ae1 #bjac ,mr4 ,nadler 7for himself1 ,mr4 ,johnson of ,georgia1 ,mr4 ,moran1 ,mr4 ,blumenauer1 ,ms4 ,schakowsky1 ,mr4 ,ellison1 ,ms4 ,mc,collum1 and ,mr4 ,welch7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend title #ca1 ,united ,states ,code1 to eliminate the statutory cap on the public debt and to place limitations on the purposes for which public debt may be issued4 #a4 ,short title ,this ,act may be cited as the ,full ,faith and ,credit ,act of #bjac4 #b4 ,limitation on obligations 7a7 ,in general ,section #caja of title #ca1 ,united ,states ,code1 is amended to read as follows3 #caja4 ,limitation on obligations ,obligations may only be issued under this chapter to fund commitments incurred by the ,federal ,government that require current funding4 4 7b7 ,conforming amendments 7#a7 ,section #cacj7;e77#b7 of title #ca1 ,united ,states ,code1 is amended by inserting 1 as in effect on the day before the date of the enactment of the ,full ,faith and ,credit ,act of #bjaa before the period at the end4 7#b7 ,the table of contents for chapter #ca of title #ca1 ,united ,states ,code1 is amended by amending the item relating to section #caja to read as follows3 #caja4 ,limitation on obligations4 4