[United States Statutes at Large, Volume 128, 113th Congress, 2nd Session]
[From the U.S. Government Publishing Office, www.gpo.gov]


Public Law 113-83
113th Congress

An Act


 
To temporarily extend the public debt limit, and for other
purposes. <>

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled, <>
SECTION 1. SHORT TITLE.

This Act may be cited as the ``Temporary Debt Limit Extension Act''.
SEC. 2. TEMPORARY EXTENSION OF PUBLIC DEBT LIMIT.

(a) In General.--Section 3101(b) of title 31, United States Code,
shall not apply for the period beginning on the date of the enactment of
this Act and ending on March 15, 2015.
(b) Special Rule Relating to Obligations Issued During Extension
Period.--Effective <> March 16, 2015, the
limitation in effect under section 3101(b) of title 31, United States
Code, shall be increased to the extent that--
(1) the face amount of obligations issued under chapter 31
of such title and the face amount of obligations whose principal
and interest are guaranteed by the United States Government
(except guaranteed obligations held by the Secretary of the
Treasury) outstanding on March 16, 2015, exceeds
(2) the face amount of such obligations outstanding on the
date of the enactment of this Act.
SEC. 3. RESTORING CONGRESSIONAL AUTHORITY OVER THE NATIONAL DEBT.

(a) Extension Limited to Necessary Obligations.--An obligation shall
not be taken into account under section 2(b)(1) unless the issuance of
such obligation was necessary to fund a commitment incurred pursuant to
law by the Federal Government that required payment before March 16,
2015.
(b) Prohibition on Creation of Cash Reserve During Extension
Period.--The Secretary of the Treasury shall not issue obligations
during the period specified in section 2(a) for the purpose

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of increasing the cash balance above normal operating balances in
anticipation of the expiration of such period.

Approved February 15, 2014.

LEGISLATIVE HISTORY--S. 540:
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CONGRESSIONAL RECORD:
Vol. 159 (2013):
Mar. 21, considered and passed
Senate.
Vol. 160 (2014):
Feb. 11, considered and passed
House, amended.
Feb. 12, Senate concurred in House
amendment.