,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #hjg  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,febru>y #be1 #bjac   
,mr4 ,mc,clintock 7= himself1 ,mr4      
,scalise1 ,mr4 ,jordan1 ,mr4 ,price (   
,georgia1 ,mr4 ,h5s>l+1 ,mr4 ,g>rett1   
,mr4 ,cole1 ,mr4 ,"y ( ,indiana1 ,mr4   
,franks ( ,arizona1 ,ms4 ,foxx1 ,mr4    
,coll9s ( ,georgia1 ,mr4 ,mulvaney1 ,mr4
 ,rohraba*]1 ,mr4 ,la,malfa1 ,mr4       
,duncan ( ,s\? ,c>ol9a1 ,mr4 ,buc%on1   
,mrs4 ,blackburn1 ,mr4 ,*affetz1 ,mr4   
,huiz5ga ( ,mi*igan1 ,mr4 ,labrador1    
,mrs4 ,lummis1 ,mr4 ,mill] ( ,florida1  
,mr4 ,b5tivolio1 & ,mr4 ,s*weik]t7      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,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 ,f9d+s ,congress f9ds t3     
7#a7 ,! ,act ( ,congress e/abli%+ !     
,treasury ,dep>tm5t ( #aghi /ates t !   

,secret>y ( ! ,treasury %all prep>e     
plans = improv+ & manag+ ! rev5ue ( !   
,unit$ ,/ates ,gov]nm5t & = ! support ( 
! public cr$it4  7#b7 ,section #cba (   
title #ca1 ,unit$ ,/ates ,code1 codifies
 ! duty to prep>e plans = improv+ &     
manag+ receipts ( ! ,unit$ ,/ates       
,gov]nm5t & manag+ ! public debt4  7#c7 
,9 c>ry+ out ! /atutory responsibilities
 to support ( ! public cr$it & manag+ ! 
public debt ! ,secret>y %all take all   
necess>y actions to ensure all          
obligations ( ! ,unit$ ,/ates ,gov]nm5t 
) reg>d to debt held by ! public are    
fully dis*>g$ :5 due4  7#d7 ,su* actions
 may include ! =go+ ( obligations n     
relat$ to debt held by ! public = a     
p]iod ( "t deem$ necess>y by ! ,secret>y
 z au?oriz$ "u section #cbd ( title #ca1
 ,unit$ ,/ates ,code1 :i* /ates t--  7a7
 ,! ,secret>y ( ! ,treasury may--  7#a7 
dispose ( obligations--  7,a7 acquir$ by
 ! ,secret>y = ! ,unit$ ,/ates          
,gov]nm5t2 or  7,b7 deliv]$ by an       
executive ag5cy2 &  7#b7 make           

arrangem5ts to ext5d ! maturity ( ^?    
obligations4  7b7 ,! ,secret>y may      
dispose or ext5d ! maturity (           
obligations "u subsection 7a7 ( ?is     
section 9 ! way1 9 am\nts1 at prices 7= 
ca%1 obligations1 prop]ty1 or a         
comb9ation ( ca%1 obligations1 or       
prop]ty71 & on conditions ! ,secret>y   
consid]s advisable & 9 ! public int]e/4 
4  #c4 ,duty to protect ! full fai? &   
cr$it ( ! ,unit$ ,/ates ,gov]nm5t  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 ! au?ority ( ! 
,dep>tm5t ( ! ,treasury provid$ 9       
section #cabc ( title #ca1 ,unit$ ,/ates
 ,code1 to pay ) legal t5d] ! pr9cipal &
 int]e/ on debt held by ! public %all   
take priority ov] all o!r obligations   
incurr$ by ! ,gov]nm5t ( ! ,unit$       
,/ates4  7b7 ,special rule =            
insuffici5cy ( funds ,section #cbd (    
title #ca1 ,unit$ ,/ates ,code1 is am5d$
 by r$esignat+ subsection 7c7 z         

subsection 7e71 & by ins]t+ aft]        
subsection 7b7 ! foll[+3  7c7 ,if !     
,secret>y expects t !re w be insuffici5t
 funds available to dispose ( all       
obligations consi/+ ( int]e/ & pr9cipal 
( ! debt held by ! public on ! next     
cal5d> day on :i* su* obligations are   
due1 !n ! ,secret>y %all ext5d !        
maturities ( any o!r obligations "u     
section 7a7 & refuse to issue w>rants "u
 section #cba7;a77#c7 to ! ext5t        
necess>y to provide su* funds z !       
,secret>y deems prud5t to dispose (     
obligations consi/+ ( int]e/ & pr9cipal 
( ! debt held by ! public = no less ?an 
! next #cj cal5d> days4  7d7 ,to ! ext5t
 receipts exce$ ^? requir$ to meet !    
,secret>y's obligation "u subsection    
7c71 ! ,secret>y %all prioritize !      
disposal ( obligations "u subsection 7a7
 & issuance ( w>rants "u section        
#cba7;a77#c7 9 t ord] ! ,secret>y       
consid]s advisable & 9 ! public int]e/4 
4