,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #adig  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ai1 #bjae ,mr4  
,huelskamp introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,ways &     
,means  ,a ,,bill  ,to am5d title #ca1  
,unit$ ,/ates ,code1 to require report+ 
by ! ,secret>y ( ! ,treasury ( r$uction 
measures be+ us$ to avoid default+ on   
,gov]nm5t obligations 9 ! ev5t t ! debt 
limit is rea*$1 & = o!r purposes4  #a4  
,report+ ( c]ta9 r$uction measures      
,section #caja ( title #ca1 ,unit$      
,/ates ,code1 is am5d$ by add+ at ! end 
! foll[+3  7d7 ,report+ ( c]ta9 r$uction
 measures  7#a7 ,initial notification ,9
 ! ev5t t ! debt ( ! ,unit$ ,/ates      
,gov]nm5t rea*es ! /atutory limit1 !    
,secret>y ( ! ,treasury %all--  7,a7    
notify ! ,congress t ! limit has be5    
rea*$2 &  7,b7 notify ! ,congress if !  
,secret>y has begun us+ r$uction        
measures to avoid default+ on           
obligations ( ! ,gov]nm5t1 & specify :i*
 r$uction measures are curr5tly be+ us$4

  7#b7 ,daily public report+ ,= ea* day 
t ! debt ( ! ,unit$ ,/ates ,gov]nm5t is 
at ! /atutory limit1 ! ,secret>y %all   
publicly disclose1 on ! website ( !     
,dep>tm5t ( ! ,treasury1 ! foll[+3 7,a7 
,all r$uction measures curr5tly be+ us$ 
by ! ,secret>y to avoid default+ on     
obligations ( ! ,gov]nm5t4  7,b7 ,)     
respect to ea* r$uction measure1 :e!r or
 n su* measure is curr5tly be+ us$-- 7i7
 ! total doll> am\nt ( su* measure t has
 be5 us$2 &  7ii7 ! total doll> am\nt ( 
su* measure t ! ,secret>y e/imates is   
/ill available = use4  7,c7 ,! date on  
:i* ! ,secret>y e/imates t all r$uction 
measures w be exhau/$1 & ! ,gov]nm5t w  
beg9 default+ on its obligations4  7#c7 
,r$uction measures def9$ ,= purposes (  
?is subsection1 ! t]m r$uction measures 
means ea* ( ! foll[+3 7,a7 ,direct+ or  
approv+ ! issuance ( debt by ! ,f$]al   
,f9anc+ ,bank = ! purpose ( ent]+ into  
an ex*ange transaction = debt t is      
subject to ! limit "u ?is section4  7,b7
 ,susp5d+ inve/m5ts 9 ! ,gov]nm5t       

,securities ,inve/m5t ,fund ( ! ,?rift  
,sav+s ,fund4  7,c7 ,susp5d+ inve/m5ts 9
 ! /abilization fund e/abli%$ "u section
 #ecjb ( title #ca1 ,unit$ ,/ates ,code4
  7,d7 ,susp5d+ new inve/m5ts 9 ! ,civil
 ,s]vice ,retirem5t & ,disability ,fund 
or ! ,po/al ,s]vice ,retiree ,heal?     
,b5efits ,fund4  7,e7 ,sell+ or r$eem+  
securities1 obligations1 or o!r inve/$  
assets ( ! ,civil ,s]vice ,retirem5t &  
,disability ,fund or ! ,po/al ,s]vice   
,retiree ,heal? ,b5efits ,fund be=e     
maturity4  7,f7 ,su* o!r measures z !   
,secret>y det]m9es appropriate4  4