#aac? ,,congress  #a/ ,session  ,h4 ,r4 
#hjg  ,,an ,,act  ,to require t !       
,gov]nm5t prioritize all obligations on 
! debt held by ! public 9 ! ev5t t !    
debt limit is rea*$4  #a4 ,%ort title   
,?is ,act may be cit$ z ! ,full ,fai? & 
,cr$it ,act4  #b4 ,paym5t ( pr9cipal &  
int]e/ on public debt & social security 
tru/ funds  7a7 ,9 g5]al ,9 ! ev5t t !  
debt ( ! ,unit$ ,/ates ,gov]nm5t1 z     
def9$ 9 section #caja ( title #ca1      
,unit$ ,/ates ,code1 rea*es ! /atutory  
limit1 ! ,secret>y ( ! ,treasury %all1 9
 addition to any o!r au?ority provid$ by
 law1 issue obligations "u *apt] #ca (  
title #ca1 ,unit$ ,/ates ,code1 to pay )
 legal t5d]1 & solely = ! purpose (     
pay+1 ! pr9cipal & int]e/ on obligations
 ( ! ,unit$ ,/ates describ$ 9 subsection
 7b7 aft] ! date ( ! enactm5t ( ?is     
,act4  7b7 ,obligations describ$ ,=     
purposes ( ?is subsection1 obligations  
describ$ 9 ?is subsection are           
obligations :i* are--  7#a7 held by !   
public1 or  7#b7 held by ! ,old-,age &  

,survivors ,insurance ,tru/ ,fund &     
,disability ,insurance ,tru/ ,fund4  7c7
 ,prohibition on comp5sation = ,memb]s (
 ,congress ,none ( ! obligations issu$  
"u subsection 7a7 may be us$ to pay     
comp5sation = ,memb]s ( ,congress4  7d7 
,obligations exempt f public debt limit 
,obligations issu$ "u subsection 7a7    
%all n be tak5 into acc\nt 9 apply+ !   
limitation 9 section #caja7;b7 ( title  
#ca1 ,unit$ ,/ates ,code1 to ! ext5t t  
su* obligation w\ld o!rwise cause !     
limitation 9 section #caja7;b7 ( title  
#ca1 ,unit$ ,/ates ,code1 to be exce$$4 
7e7 ,report on c]ta9 actions  7#a7 ,9   
g5]al ,if1 aft] ! date ( ! enactm5t (   
?is ,act1 ! ,secret>y ( ! ,treasury     
ex]cises 8 au?ority "u subsection 7a71 !
 ,secret>y %all !reaft] submit a report 
ea* week ! au?ority is 9 use provid+ an 
acc\nt+ relat+ to--  7,a7 ! pr9cipal on 
mature obligations & int]e/ t is due or 
accru$ ( ! ,unit$ ,/ates1 &  7,b7 any   
obligations issu$ pursuant to subsection
 7a74  7#b7 ,submission ,! report       

requir$ by p>agraph 7#a7 %all be        
submitt$ to ! ,committee on ,ways &     
,means ( ! ,h\se ( ,repres5tatives & !  
,committee on ,f9ance ( ! ,s5ate4       
,pass$ ! ,h\se ( ,repres5tatives ,may   
#i1 #bjac4;,cl]k4