,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bhgg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #ah1
 #bjad ,mr4 ,vitter introduced the      
following bill2 which was read twice and
 referred to the ,committee on ,homeland
 ,security and ,governmental ,affairs   
,a ,,bill  ,to appropriately manage the 
debt of the ,united ,states by limiting 
the use of extraordinary measures4  #a4 
,short title  ,this ,act may be cited as
 the ,federal ,debt ,management ,act of 
#bjad4  #b4 ,debt management  7a7 ,civil
 ,service ,retirement and ,disability   
,fund ,section #hcdh of title #e1       
,united ,states ,code1 is amended-- 7#a7
 by striking subsections 7j7 and 7k72   
and  7#b7 in subsection 7l7-- 7,a7 by   
striking 7l77#a7 ,the ,secretary and all
 that follows through 7#b7 ,whenever and
 inserting 7j7 ,whenever2 and  7,b7 by  
striking public debt limit and inserting
 limitation imposed by section #caja7;b7
 of title #ca4  7b7 ,thrift ,savings    
,fund ,section #hdch of title #e1       

,united ,states ,code1 is amended-- 7#a7
 by striking subsection 7g72 and  7#b7  
in subsection 7h7-- 7,a7 by striking    
7h77#a7 ,the ,secretary and all that    
follows through 7#b7 ,whenever and      
inserting 7g7 ,whenever2 and  7,b7 by   
striking public debt limit and inserting
 limitation imposed by section #caja7;b7
 of title #ca4  7c7 ,stabilization fund 
,section #ecjb7;a77#a7 of title #ca1    
,united ,states ,code1 is amended-- 7#a7
 in the first sentence1 by striking 1   
and for investing in obligations of the 
,united ,states ,government those       
amounts in the fund the ,secretary of   
the ,treasury1 with the approval of the 
,president1 decides are not required at 
the time to carry out this section2 and 
7#b7 by inserting before the second     
sentence the following3 ,the ,secretary 
of the ,treasury shall invest in        
obligations of the ,united ,states      
,government any amounts in the          
stabilization fund that the ,secretary1 
with the approval of the ,president1    

decides are not required at the time to 
carry out this section44  7d7           
,prohibition ,the ,secretary of the     
,treasury may not suspend the investing 
of amounts or the issuance of           
obligations for any fund or account for 
purposes of preventing the public debt  
of the ,united ,states from exceeding   
the limitation imposed by section       
#caja7;b7 of title #ca1 ,united ,states 
,code4  7e7 ,savings provisions  7#a7   
,civil ,service ,retirement and         
,disability ,fund ,notwithstanding the  
amendments made by subsection 7a71      
paragraphs 7#b71 7#c71 and 7#d7 of      
subsection 7j7 and subsection 7l77#a7 of
 section #hcdh of title #e1 ,united     
,states ,code1 as in effect on the day  
before the date of enactment of this    
,act1 shall apply to any debt issuance  
suspension period 7as defined under     
section #hcdh7;j77#e7 of such title7    
that is in effect on the date of        
enactment of this ,act4  7#b7 ,thrift   
,savings ,fund ,notwithstanding the     

amendments made by subsection 7b71      
paragraphs 7#b71 7#c71 and 7#d7 of      
subsection 7g7 and subsection 7h77#a7 of
 section #hdch of title #e1 ,united     
,states ,code1 as in effect on the day  
before the date of enactment of this    
,act1 shall apply to any debt issuance  
suspension period 7as defined under     
section #hdch7;g77#f7 of such title7    
that is in effect on the date of        
enactment of this ,act4  #c4            
,information regarding ,daily ,treasury 
,statements ,not later than #bd hours   
after publishing a ,daily ,treasury     
,statement1 or any successor thereto1   
the ,secretary of the ,treasury shall   
submit to the ,committee on ,finance of 
the ,senate and the ,committee on ,ways 
and ,means of the ,house of             
,representatives a report that-- 7#a7   
provides all cash flow and debt         
transaction information used in         
preparing the ,daily ,treasury          
,statement2 and  7#b7 includes forecasts
 for the cash flow and debt transactions

 of the ,federal ,government4