,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ejhc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #ad1         
#bjai,mr4 ,s*weik]t 7= himself1 ,mr4    
,norman1 ,mr4 ,mead[s1 & ,mr4 ,gaetz7   
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means1 & 9    
addition to ! ,committees on ,f9ancial  
,s]vices1 ! ,budget1 & ,rules1 = 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       
provide t1 9 ! ev5t t ! ,secret>y ( !   
,treasury e/imates t ! debt ceil+ w be  
rea*$1 ! ,secret>y is requir$ to issue  
,,gdp-l9k$ bonds to pay ! pr9cipal &    
int]e/ on ! public debt & ! ,presid5t is
 au?oriz$ to reque/ ! rescission ( c]ta9
 unobligat$ balances & sell c]ta9       
mortgage-relat$ assets1 & = o!r         
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,debt ,ceil+ ,alt]native   
,act4  #b4 ,e/imate t borr[+ w rea* !   
/atutory debt limit ,if ! ,secret>y ( ! 

,treasury makes an e/imate ( net        
m>ketable borr[+ = a qu>t] t e/imates t 
! debt ( ! ,unit$ ,/ates1 z def9$ 9     
section #caja ( title #ca1 ,unit$ ,/ates
 ,code1 w rea* ! /atutory limit dur+ su*
 qu>t]1 ! ,secret>y %all imm$iately     
notify ,congress ( su* e/imate1 & !     
,secret>y ( ! ,treasury %all issue bonds
 describ$ "u section #c & ! ,presid5t   
may take ! actions describ$ "u sections 
#d & #e4  #c4 ,issuance ( ,,gdp-l9k$    
bonds to pay ! pr9cipal & int]e/ on !   
public debt  7a7 ,9 g5]al ,^u ! issuance
 ( a notification to ,congress "u       
section #b1 ! ,secret>y ( ! ,treasury   
%all issue bonds-- 7#a7 ) an int]e/ rate
 l9k$ to ! nom9al gross dome/ic product 
( ! ,unit$ ,/ates2 &  7#b7 ! proce$s f  
:i* may only be us$ to pay ! pr9cipal & 
int]e/ on obligations ( ! ,unit$ ,/ates 
held by ! public or ! ,old-,age &       
,survivors ,insurance ,tru/ ,fund &     
,disability ,insurance ,tru/ ,fund4  7b7
 ,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 
7c7 ,report on c]ta9 actions  7#a7 ,9   
g5]al ,if ! ,secret>y ( ! ,treasury     
issues bonds "u subsection 7a71 !       
,secret>y %all !reaft] submit a report  
ea* week1 until all su* bonds are       
r$eem$1 provid+ an acc\nt+ relat+ to--  
7,a7 ! pr9cipal on mature obligations & 
int]e/ t is due or accru$ ( ! ,unit$    
,/ates2 &  7,b7 any bonds 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  #d4  
,rescission ( unobligat$ balances  7a7  
,id5tification ( unobligat$ balances ,^u
 ! issuance ( a notification "u section 
#b1 ! ,presid5t may issue a message to  
,congress conta9+ a li/ ( budget        

au?ority propos$ to be resc9d$4 ,su* li/
 may only conta9 items relat$ to        
unobligat$ balances ( funds made        
available be=e ! beg9n+ ( ! fiscal ye>  
dur+ :i* su* notification is made4  7b7 
,exp$it$ consid]ation ( rescissions ,a  
message issu$ pursuant to subsection 7a7
 %all be deem$ a special message =      
purposes ( ! exp$it$ proc$ures describ$ 
"u section #ajag ( ! ,congressional     
,budget & ,imp\ndm5t ,control ,act (    
#aigd 7#b ,u4,s4,c4 #fhh74  #e4 ,sale ( 
mortgage-relat$ assets ,^u ! issuance ( 
a notification to ,congress "u section  
#b1 ! ,presid5t may ord] ! sale ( !     
foll[+ assets1 ) ! proce$s f su* sales  
deposit$ 9 ! ,treasury3 7#a7 ,on-balance
 %eet non-p]=m+ mortgages ( ! ,f$]al    
,national ,mortgage ,association4  7#b7 
,o!r mortgages own$ or held by ! ,f$]al 
,national ,mortgage ,association4  7#c7 
,real e/ate own$ prop]ties ( ! ,f$]al   
,national ,mortgage ,association4  7#d7 
,on-balance %eet non-p]=m+ mortgages ( !
 ,f$]al ,home ,loan ,mortgage           

,corporation4  7#e7 ,o!r mortgages own$ 
or held by ! ,f$]al ,home ,loan         
,mortgage ,corporation4  7#f7 ,real     
e/ate own$ prop]ties ( ! ,f$]al ,home   
,loan ,mortgage ,corporation4  7#g7     
,mortgage-back$ securities held by !    
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em or any ,f$]al res]ve bank4