,i #aacth ,,congress #b;d ,session ,h4 ,r4 #djba ,,in ,,the ,,house ,,of ,,representatives ,february #aj1 #bjad ,mr4 ,barr introduced the following bill2 which was referred to the ,committee on ,ways and ,means1 and in addition to the ,committees on ,house ,administration and ,oversight and ,government ,reform1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to suspend the application of the limit on the ,nation's debt for a #aj-year period1 to reduce the pay of ,members of ,congress for failing to meet fiscal sustainability targets1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,debt ,limit ,reform and ,congressional ,pay for ,performance ,act of #bjad4 #b4 ,suspension of debt limit 7a7 ,suspension ,section #caja7;b7 of title #ca1 ,united ,states ,code1 shall not apply for the period beginning on ,february #h1 #bjad1 and ending on ,april #ae1 #bjbd4 7b7 ,special rule relating to obligations issued during suspension period ,effective on ,april #af1 #bjbd1 the limitation in section #caja7;b7 of title #ca1 ,united ,states ,code1 is increased to the extent that-- 7#a7 the face amount of obligations issued under chapter #ca of such title and the face amount of obligations whose principal and interest are guaranteed by the ,united ,states ,government 7except guaranteed obligations held by the ,secretary of the ,treasury7 outstanding on ,april #af1 #bjbd1 exceeds 7#b7 the face amount of such obligations outstanding on the date of enactment of this ,act4 7c7 ,limitation ,an obligation shall not be taken into account under subsection 7b77#a7 unless the issuance of such obligation was necessary to fund a commitment incurred by the ,federal ,government that required payment before ,april #af1 #bjbd4 #c4 ,determination of fiscal sustainability targets 7a7 ,determinations ,on ,december #ca of each of calendar years #bjae through #bjbc1 the ,director of the ,office of ,management and ,budget shall determine-- 7#a7 the sum of the face amount of obligations issued under chapter #ca of title #ca1 ,united ,states ,code1 and the face amount of obligations whose principal and interest are guaranteed by the ,united ,states ,government 7except guaranteed obligations held by the ,secretary of the ,treasury71 outstanding at any time1 with respect to the most recent fiscal year which ended before the calendar year2 7#b7 the amount which is equal to the applicable percentage 7as described in subsection 7b77 of the ,gross ,domestic ,product determined by the ,secretary of ,commerce with respect to such fiscal year2 and 7#c7 if the amount determined under paragraph 7#a7 with respect to a fiscal year exceeds the amount determined under paragraph 7#b7 with respect to such fiscal year1 the percentage by which the amount determined under paragraph 7#a7 exceeds the amount determined under paragraph 7#b74 7b7 ,applicable ,percentages ,described ,for purposes of subsection 7a77#b71 the applicable percentage with respect to a fiscal year is as follows3 7#a7 ,for fiscal year #bjae1 #gd4a percent4 7#b7 ,for fiscal year #bjaf1 #gj4d percent4 7#c7 ,for fiscal year #bjag1 #ff4i percent4 7#d7 ,for fiscal year #bjah1 #fd4d percent4 7#e7 ,for fiscal year #bjai1 #fb4d percent4 7#f7 ,for fiscal year #bjbj1 #fj4e percent4 7#g7 ,for fiscal year #bjba1 #eh4g percent4 7#h7 ,for fiscal year #bjbb1 #ef4i percent4 7#i7 ,for fiscal year #bjbc1 #ed4h percent4 #d4 ,reduction in pay of ,members of ,congress for failure to meet fiscal sustainability targets 7a7 ,reduction ,section #fja7;a77#b7 of the ,legislative ,reorganization ,act of #aidf 7#b ,u4,s4,c4 #deja7b77 is amended by adding at the end the following3 7,c7 ,if the ,director of the ,office of ,management and ,budget determines that the amount determined under paragraph 7#a7 of section #c7;a7 of the ,debt ,limit ,reform and ,congressional ,pay for ,performance ,act of #bjad with respect to a fiscal year exceeds the amount determined under paragraph 7#b7 of section #c7;a7 of such ,act with respect to such fiscal year-- 7i7 each annual rate of pay referred to in paragraph 7#a7 shall be reduced by the percentage determined by the ,director of the ,office of ,management and ,budget under section #c7;a77#c7 of the ,debt ,limit ,reform and ,congressional ,pay for ,performance ,act of #bjad for all pay periods occurring during the next calendar year which begins after that fiscal year2 and 7ii7 no adjustment may be made under subparagraph 7,a7 in any such rate of pay during that next calendar year4 4 7b7 ,technical ,amendment ,section #fja7;a77#b77;,a7 of such ,act is amended by striking ,subject to subparagraph 7,b71 and inserting ,subject to subparagraphs 7,b7 and 7,c714 7c7 ,effective ,date ,the amendments made by this section shall apply with respect to fiscal year #bjae and each succeeding fiscal year4