Sec. 301. TEMPORARY EXTENSION OF PUBLIC DEBT LIMIT

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## SEC. 301 TEMPORARY EXTENSION OF PUBLIC DEBT LIMIT **[**[31 U.S.C. 3101 note](/us/usc/t31/s3101)**]** ###

(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 July 31, 2021. ###

(b)Special Rule Relating to Obligations Issued During Extension Period Effective on August 1, 2021, 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 August 1, 2021, exceeds ####

(2)the face amount of such obligations outstanding on the date of the enactment of this Act. ###

(c)Extension Limited to Necessary Obligations An obligation shall not be taken into account under subsection (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 August 1, 2021. # TITLE IV OFFSETS

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U.S. Code

Public debt limit
§ 3101

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Sec. 301

TEMPORARY EXTENSION OF PUBLIC DEBT LIMIT

U.S.C.§ 3101

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