,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #bhgj  ,,in ,,the ,,house ,,of  
,,representatives  ,may #ba1 #bjai,mr4  
,foster introduced the following bill2  
which was referred to the ,committee on 
,ways and ,means  ,a ,,bill  ,to repeal 
the debt ceiling1 and for other         
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,end the ,threat of 
,default ,act4  #b4 ,repeal of debt     
ceiling  7a7 ,in general ,section #caja 
of title #ca1 ,united ,states ,code1 is 
repealed4  7b7 ,technical and conforming
 amendments  7#a7 ,section #cja7;b77#e7 
of the ,congressional ,budget ,act of   
#aigd 7#b ,u4,s4,c4 #fcb7;b77#e77 is    
amended by striking debt subject to     
limit 7in section #caja of title #ca of 
the ,united ,states ,code7 and inserting
 face value of obligations issued under 
chapter #ca of title #ca1 ,united       
,states ,code1 and the face amount of   
obligations whose principal and interest
 are guaranteed by the ,united ,states  
,government 7except guaranteed          

obligations held by the ,secretary of   
the ,treasury74  7#b7 ,section #hcdh of 
title #e1 ,united ,states ,code1 is     
amended by striking subsections 7j71    
7k71 and 7l74  7#c7 ,section #hdch of   
title #e1 ,united ,states ,code1 is     
amended by striking subsections 7g7 and 
7h74  7#d7 ,section #ad7;d77#b7 of the  
,federal ,deposit ,insurance ,act 7#ab  
,u4,s4,c4 #ahbd7;d77#b77 is amended--   
7,a7 by striking subparagraph 7,a72 and 
7,b7 by redesignating subparagraphs     
7,b71 7,c71 and 7,d7 as subparagraphs   
7,a71 7,b71 and 7,c71 respectively4     
7#e7 ,section #caja;,a of title #ca1    
,united ,states ,code1 is repealed4     
7#f7 ,section #cacj7;e77#b7 of title    
#ca1 ,united ,states ,code1 is amended  
by striking total amount of the         
obligations subject to the public debt  
limit established in section #caja of   
this title and inserting face value of  
obligations issued under this chapter   
and the face amount of obligations whose
 principal and interest are guaranteed  

by the ,united ,states ,government      
7except guaranteed obligations held by  
the ,secretary of the ,treasury74  7#g7 
,section #aade7;b7 of the ,social       
,security ,act 7#db ,u4,s4,c4           
#acbj;b-#ae7;b77 is amended by striking 
any obligation subject to the public    
debt limit established under section    
#caja of title #ca1 ,united ,states     
,code and inserting any obligation      
issued under chapter #ca of title #ca1  
,united ,states ,code1 and any          
obligation whose principal and interest 
are guaranteed by the ,united ,states   
,government 7except guaranteed          
obligations held by the ,secretary of   
the ,treasury74  7#h7 ,the table of     
sections for chapter #ca of title #ca1  
,united ,states ,code1 is amended by    
striking the items relating to sections 
#caja and #caja;,a4  7c7 ,savings       
provisions  7#a7 ,civil service         
retirement and disability fund          
,notwithstanding the amendments made by 
subsection 7b71 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