,,ib  ,union ,cal5d> ,no4 #bi  #aac?    
,,congress  #a/ ,session  ,h4 ,r4 #hjg  
,report ,no4 #aac-dh  ,,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  ,april 
#cj1 #bjac ,additional sponsors3 ,mr4   
,hall1 ,mr4 ,ribble1 ,mr4 ,*abot1 ,mr4  
,conaway1 ,mr4 ,flores1 ,mrs4 ,wagn]1   
,mr4 ,wilson ( ,s\? ,c>ol9a1 ,mr4       
,pompeo1 ,mr4 ,walb]g1 ,mr4 ,brooks (   
,alabama1 ,mr4 ,fleis*mann1 ,mr4 ,pitts1
 ,mr4 ,posey1 ,mr4 ,b>r1 ,mr4 ,olson1   

,mrs4 ,black1 ,mr4 ,griff9 ( ,arkansas1 
,mr4 ,br\n ( ,georgia1 ,mr4 ,yod]1 ,mr4 
,/utzman1 ,mr4 ,long1 ,mr4 ,pitt5g]1    
,mr4 ,we/morel&1 ,mr4 ,luetkemey]1 ,mr4 
,duffy1 ,mr4 ,hultgr51 ,mr4 ,cram]1 ,mr4
 ,mull91 ,mr4 ,brid5/9e1 ,mr4 ,rokita1  
,mr4 ,g[dy1 ,mr4 ,yoho1 ,mr4 ,salmon1   
,mrs4 ,ba*mann1 ,mr4 ,de,santis1 ,mr4   
,gibbs1 ,mr4 ,mead[s1 ,mr4 ,ama%1 ,mrs4 
,brooks ( ,indiana1 ,mr4 ,=bes1 ,mr4    
,calv]t1 ,mr4 ,des,jarlais1 ,mr4 ,mess]1
 ,mr4 ,k+ ( ,i[a1 ,mr4 ,b5i%ek1 ,mr4    
,hudson1 ,mr4 ,hold+1 ,mr4 ,roe (       
,t5nessee1 ,mr4 ,radel1 ,mr4 ,kl9e1 ,mr4
 ,w5/rup1 ,mr4 ,craw=d1 ,mrs4 ,ellm]s1  
,mr4 ,coble1 ,mr4 ,campbell1 ,mr4 ,gos>1
 ,mr4 ,flem+1 ,mr4 ,re$1 ,mr4 ,bi%op (  
,utah1 ,mr4 ,woodall1 ,mr4 ,graves (    
,miss\ri1 ,mr4 ,lank=d1 ,mrs4 ,walorski1
 ,mr4 ,nunnelee1 ,mr4 ,latta1 ,mr4      
,p]ry1 ,mr4 ,royce1 ,mr4 ,?ornb]ry1 ,mr4
 ,ro?fus1 ,mr4 ,g+rey ( ,georgia1 ,mr4  
,roskam1 ,mr4 ,b>ton1 ,mr4 ,sessions1   
,mr4 ,lucas1 ,mr4 ,johnson ( ,ohio1 ,mr4
 ,coll9s ( ,new ,york1 ,mr4 ,nug5t1 ,mr4

 ,mc,kinley1 ,mr4 ,h>ris1 ,mr4 ,cotton1 
,mr4 ,/ew>t1 ,mr4 ,neugebau]1 & ,mr4    
,burgess  ,april #cj1 #bjac ,report$ )  
an am5dm5t1 committ$ to ! ,committee ( !
 ,:ole ,h\se on ! ,/ate ( ! ,union1 &   
ord]$ to be pr9t$ ,/rike out all aft] ! 
enact+ clause & ins]t ! "p pr9t$ 9      
italic  ,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  #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 ,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  7d7 ,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   
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  7#c7 
,t]m9ation ,! report requirem5t "u      
p>agraph 7#a7 %all cease to apply aft] !
 date ( ! enactm5t ( ! fir/ increase 9 !
 limitation 9 section #caja7;b71 ,unit$ 
,/ates ,code1 aft] ! date ( ! enactm5t (
 ?is ,act4  ,april #cj1 #bjac ,report$ )
 an am5dm5t1 committ$ to ! ,committee ( 
! ,:ole ,h\se on ! ,/ate ( ! ,union1 &  
ord]$ to be pr9t$