,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #cafa  ,,in ,,the ,,house ,,of  
,,representatives  ,september #bj1      
#bjac,mr4 ,forbes introduced the        
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to protect the ,social         
,security and ,medicare trust funds from
 the public debt limit4  #a4 ,protection
 of the ,social ,security and ,medicare 
,trust ,funds from the public debt limit
  7a7 ,protection of ,trust ,funds      
,notwithstanding any other provision of 
law-- 7#a7 no officer or employee of the
 ,united ,states may-- 7,a7 delay the   
deposit of any amount into 7or delay the
 credit of any amount to7 the ,federal  
,old-,age and ,survivors ,insurance     
,trust ,fund1 the ,federal ,disability  
,insurance ,trust ,fund1 or the ,federal
 ,hospital ,insurance ,trust ,fund or   
otherwise vary from the normal terms1   
procedures1 or timing for making such   
deposits or credits1 or  7,b7 refrain   
from the investment in public debt      

obligations of amounts in either of such
 ,trust ,funds1  if a purpose of such   
action or inaction is to not increase   
the amount of outstanding public debt   
obligations2 and  7#b7 no officer or    
employee of the ,united ,states may     
disinvest amounts in either of such     
,trust ,funds which are invested in     
public debt obligations if a purpose of 
the disinvestment is to reduce the      
amount of outstanding public debt       
obligations4  7b7 ,protection of        
benefits and expenditures for           
administrative expenses  7#a7 ,in       
general ,notwithstanding subsection 7a71
 during any period for which cash       
benefits or administrative expenses     
would not otherwise be payable from the 
,federal ,old-,age and ,survivors       
,insurance ,trust ,fund1 the ,federal   
,disability ,insurance ,trust ,fund1 or 
the ,federal ,hospital ,insurance ,trust
 ,fund by reason of an inability to     
issue further public debt obligations   
because of the applicable public debt   

limit1 public debt obligations held by  
such ,trust ,fund shall be sold or      
redeemed only for the purpose of making 
payment of such benefits or             
administrative expenses and only to the 
extent cash assets of such ,trust ,fund 
are not available from month to month   
for making payment of such benefits or  
administrative expenses4  7#b7 ,issuance
 of corresponding debt ,for purposes of 
undertaking the sale or redemption of   
public debt obligations held by the     
,federal ,old-,age and ,survivors       
,insurance ,trust ,fund1 the ,federal   
,disability ,insurance ,trust ,fund1 or 
the ,federal ,hospital ,insurance ,trust
 ,fund pursuant to paragraph 7#a71 the  
,secretary of the ,treasury may issue   
corresponding public debt obligations to
 the public1 in order to obtain the cash
 necessary for payment of benefits or   
administrative expenses from such ,trust
 ,fund1 notwithstanding the public debt 
limit4  7#c7 ,advance notice of sale or 
redemption ,not less than #c days prior 

to the date on which1 by reason of the  
public debt limit1 the ,secretary of the
 ,treasury expects to undertake a sale  
or redemption authorized under paragraph
 7#a71 the ,secretary of the ,treasury  
shall report to each ,house of the      
,congress and to the ,comptroller       
,general of the ,united ,states         
regarding the expected sale or          
redemption4 ,upon receipt of such       
report1 the ,comptroller ,general shall 
review the extent of compliance with    
subsection 7a7 and paragraphs 7#a7 and  
7#b7 of this subsection and shall issue 
such findings and recommendations to    
each ,house of the ,congress as the     
,comptroller ,general considers         
necessary and appropriate4  7c7 ,public 
debt obligation ,for purposes of this   
section1 the term public debt obligation
 means any obligation subject to the    
public debt limit established under     
section #caja of title #ca1 ,united     
,states ,code4