,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #ebgf  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ah1 #bjaf ,mr4  
,b>r 7= himself1 ,mr4 ,pitt5g]1 ,mr4    
,/ew>t1 ,mrs4 ,blackburn1 ,mr4 ,rokita1 
,mr4 ,yod]1 ,mr4 ,h>ris1 ,mr4 ,yoho1    
,mr4 ,j5k9s ( ,we/ ,virg9ia1 ,mr4       
,mead[s1 ,mr4 ,brid5/9e1 ,mr4 ,/utzman1 
,mr4 ,pompeo1 ,mr4 ,mulvaney1 ,mr4      
,brat1 ,mr4 ,jody ,b4 ,hice ( ,georgia1 
,mr4 ,rice ( ,s\? ,c>ol9a1 ,mr4 ,byrne1 
,mr4 ,walk]1 ,mr4 ,f9*]1 ,mr4 ,gro?man1 
,mr4 ,bab91 ,mr4 ,au/9 ,scott (         
,georgia1 & ,mrs4 ,lummis7 introduc$ !  
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,ov]sight & ,gov]nm5t     
,re=m1 & 9 addition to ! ,committee on  
,f9ancial ,s]vices1 = a p]iod to be     
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to prohibit !      
provision ( ,f$]al funds to ,/ate1      
t]ritory1 & local gov]nm5ts = paym5t (  
obligations1 to prohibit ! ,bo>d (      

,gov]nors ( ! ,f$]al ,res]ve ,sy/em f   
f9ancially assi/+ ,/ate & local         
gov]nm5ts1 & = o!r purposes4  #a4 ,%ort 
title ,?is ,act may be cit$ z ! ,no     
,bail\ts = ,/ate1 ,t]ritory1 & ,local   
,gov]nm5ts ,act4  #b4 ,prohibition on ! 
use ( ,f$]al funds to pay ,/ate & local 
obligations  7a7 ,9 g5]al ,not)/&+ any  
o!r provision ( law1 no ,f$]al funds may
 be us$ to pur*ase or gu>antee          
obligations (1 issue l9es ( cr$it to1 or
 provide direct or indirect grants-9-aid
 to any ,/ate gov]nm5t1 municipal       
gov]nm5t1 local gov]nm5t1 or c\nty      
gov]nm5t :i*1 on or aft] ,janu>y #a1    
#bjac1 has fil$ = bankruptcy1 has       
default$ on its obligations1 is at risk 
( default+1 or is likely to default1    
abs5t su* assi/ance f ! ,unit$ ,/ates   
,gov]nm5t1 if su* pur*ase1 gu>antee1    
ext5sion ( cr$it1 or grant is made = !  
purpose ( assi/+ ! gov]nm5t 9--  7#a7   
avoid+ default+ on ! paym5t ( pr9cipal  
or int]e/ due on an obligation ( !      
gov]nm5t2 or  7#b7 cur+ su* a default4  

7b7 ,limit on ,use ( ,borr[$ ,funds ,!  
,secret>y ( ! ,treasury %all n1 directly
 or indirectly1 use g5]al fund rev5ues  
or funds borr[$ pursuant to title #ca1  
,unit$ ,/ates ,code1 to pur*ase or      
gu>antee any asset or obligation ( any  
,/ate gov]nm5t1 municipal gov]nm5t1     
local gov]nm5t1 or c\nty gov]nm5t1 or   
o!rwise to assi/ su* gov]nm5t entity1   
if1 on or aft] ,janu>y #a1 #bjac1 t     
,/ate gov]nm5t1 municipal gov]nm5t1 or  
c\nty gov]nm5t has fil$ = bankruptcy1   
default$ on its obligations1 is at risk 
( default+1 or is likely to default1    
abs5t su* assi/ance f ! ,unit$ ,/ates   
,gov]nm5t1 if su* pur*ase1 gu>antee1    
ext5sion ( cr$it1 or grant is made = !  
purpose ( assi/+ ! gov]nm5t 9--  7#a7   
avoid+ default+ on ! paym5t ( pr9cipal  
or int]e/ due on an obligation ( !      
gov]nm5t2 or  7#b7 cur+ su* a default4  
7c7 ,prohibition on ,f$]al ,res]ve      
assi/ance ,not)/&+ any o!r provision (  
law1 ! ,bo>d ( ,gov]nors ( ! ,f$]al     
,res]ve ,sy/em %all n provide or ext5d  

to1 or au?orize ) respect to1 any ,/ate 
gov]nm5t1 municipal gov]nm5t1 local     
gov]nm5t1 c\nty gov]nm5t1 or o!r entity 
t has tax+ au?ority or bond+ au?ority1  
any funds1 loan gu>antees1 cr$its1 or   
any o!r f9ancial in/rum5t or o!r        
au?ority1 includ+ ! pur*as+ ( ! bonds ( 
su* ,/ate1 municipality1 locality1      
c\nty1 or o!r bond+ au?ority1 or to     
o!rwise assi/ su* gov]nm5t entity "u any
 au?ority ( ! ,bo>d ( ,gov]nors1 if su* 
pur*ase1 gu>antee1 ext5sion ( cr$it1 or 
grant is made = ! purpose ( assi/+ !    
gov]nm5t 9--  7#a7 avoid+ default+ on ! 
paym5t ( pr9cipal or int]e/ due on an   
obligation ( ! gov]nm5t2 or  7#b7 cur+  
su* a default4  7d7 ,limitation         
,subsections 7a7 ?r\gh 7c7 %all n apply 
to ,f$]al assi/ance provid$ 9 response  
to a natural disa/]4  7e7 ,/ate def9$ ,=
 purposes ( ?is section1 ! t]m ,/ate    
means any ( ! sev]al ,/ates1 ! ,di/rict 
( ,columbia1 & any t]ritory or          
possession ( ! ,unit$ ,/ates4