[113th Congress Public Law 83]
[From the U.S. Government Printing Office]



[[Page 128 STAT. 1011]]

Public Law 113-83
113th Congress

                                 An Act


 
       To temporarily extend the public debt limit, and for other 
             purposes. <<NOTE: Feb. 15, 2014 -  [S. 540]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, <<NOTE: Temporary Debt 
Limit Extension Act. 31 USC 3101 note.>> 
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 <<NOTE: Effective date.>> 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

[[Page 128 STAT. 1012]]

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.

                                  <all>