Sec. 902. Restoring congressional authority over the national debt
74 words·~1 min read·
/bill/114/hr/1314/eah/section-902A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An obligation shall not be taken into account under section 901(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, 2017. The Secretary of the Treasury shall not issue obligations during the period specified in section 901(a) for the purpose of increasing the cash balance above normal operating balances in anticipation of the expiration of such period.