,,iii  #aaf? ,,congress  #a/ ,session   
,s4 ,,res4 #bfh  ,,9 ,,! ,,s5ate ,,( ,,!
 ,,unit$ ,,/ates  ,june #bg1 #bjai ,mr4 
,cotton submitt$ ! foll[+ resolution2   
:i* 0 ref]r$ to ! ,committee on ,f9ance 
,,resolution  ,express+ ! s5se ( !      
,s5ate t ! ,f$]al ,gov]nm5t %\ld n bail 
out any ,/ate4  ,:]eas e ,/ate 9 !      
,unit$ ,/ates is a sov]eign entity ) a  
con/itution & ! au?ority to issue       
sov]eign debt2 ,:]eas ! legislature ( e 
,/ate 9 ! ,unit$ ,/ates has ! au?ority  
to r$uce sp5d+ or raise taxes to pay !  
obligations ow$ by ! ,/ate2 ,:]eas      
(ficials 9 e ,/ate 9 ! ,unit$ ,/ates h !
 legal obligation to fully disclose !   
f9ancial condition ( ! ,/ate to inve/ors
 :o pur*ase ! debt ( ! ,/ate2 ,:]eas    
,congress has reject$ prior reque/s f   
cr$itors ( a ,/ate = paym5t ( ! default$
 debt ( a ,/ate2 & ,:]eas1 dur+ !       
f9ancial crisis 9 #ahdb1 ! ,s5ate       
reque/$ t ! ,secret>y ( ! ,treasury     
report to ! ,s5ate ) respect to any     
negotiations ) any cr$itor ( a ,/ate    

relat+ to assum+ or gu>antee+ any debt (
 ! ,/ate1 to ensure t promises ( support
 by ! ,f$]al ,gov]nm5t 7 n pr(f]$3 ,n[1 
!re=e1 be x  ,t x is ! s5se ( ! ,s5ate  
t-- 7#a7 ! ,f$]al ,gov]nm5t %\ld take no
 action to r$eem1 assume1 or gu>antee   
any debt1 includ+ p5sion obligations1 ( 
a ,/ate2 &  7#b7 ! ,secret>y ( !        
,treasury %\ld report to ,congress any  
negotiations to engage 9 actions t w\ld 
result 9 an outlay ( ,f$]al funds on    
behalf ( cr$itors ( a ,/ate4