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Senate Bill 2868
117th Congress(2021-2022)
A bill to temporarily extend the public debt limit until December 16, 2022.
Introduced
Introduced
Introduced in Senate on Sep 28, 2021
Overview
Text
Placed on Calendar Senate 
Sep 29, 2021
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Placed on Calendar Senate(Sep 29, 2021)
Sep 29, 2021
No Linkage Found
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Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
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S. 2868 (Placed-on-Calendar-Senate)

Calendar No. 138

117th CONGRESS
1st Session
S. 2868


To temporarily extend the public debt limit until December 16, 2022.

IN THE SENATE OF THE UNITED STATES

September 28, 2021

Mr. Schumer introduced the following bill; which was read the first time

September 29, 2021

Read the second time and placed on the calendar

A BILL

To temporarily extend the public debt limit until December 16, 2022.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. 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 enactment of this Act and ending on December 16, 2022.

(b) Special rule relating to obligations issued during extension period.—Effective on December 17, 2022, 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 December 17, 2022, exceeds

(2) the face amount of such obligations outstanding on the date of 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 December 17, 2022.

Calendar No. 138

117th CONGRESS
     1st Session
S. 2868
A BILL
To temporarily extend the public debt limit until December 16, 2022.
September 29, 2021
Read the second time and placed on the calendar