[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2098 Introduced in House (IH)]







104th CONGRESS
  1st Session
                                H. R. 2098

 To amend title 31, United States Code, to authorize the Secretary of 
     the Treasury to manage the cash position of the United States 
Government whenever it is unable to borrow sufficient funds to meet its 
                                 needs.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 21, 1995

   Mr. Smith of Michigan (for himself and Mr. Shays) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend title 31, United States Code, to authorize the Secretary of 
     the Treasury to manage the cash position of the United States 
Government whenever it is unable to borrow sufficient funds to meet its 
                                 needs.
    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That section 3101 of 
title 31, United States Code, is amended by adding at the end the 
following new subsection:
    ``(d) Whenever the United States Government is unable to borrow in 
a timely manner sufficient funds to meet its needs because of the limit 
set forth in subsection (b), the Secretary of the Treasury is 
authorized to manage the cash position of the United States Government 
pursuant to priorities established by the President for making 
payments.''.
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