A bill to amend section 1105(c) of title 31, United States Code, to limit the amount of any increase in the public debt limit that the President may recommend for a fiscal year.

referredUnited States· United States Congress· EN

Introduced

6 January 1987

Last action

—

Status

Read twice and referred to the Committee on Governmental Affairs.

Summary

Prohibits the President from recommending any action to increase the public debt limit in any fiscal year by more than the sum of: (1) the maximum deficit amount prescribed for such fiscal year under the Congressional Budget and Impoundment Control Act of 1974; and (2) the amount of the estimated surpluses in any trust fund, fund, or Government account for such fiscal year that must, by law, be invested in government obligations.

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Votes

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 6 January 1987
Open at official source

Related records

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Sources

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Official source: https://www.congress.gov/bill/100th-congress/senate-bill/86
Open data entity: https://api.congress.gov/v3/bill/100/s/86