To provide for a temporary increase in the public debt limit.
About This Bill
Committee
Latest Action · May 20, 2003
Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Provides for a temporary increase in the public debt limit by $375 billion.
Requires the President to submit a ten-year plan to Congress that will bring the Federal unified budget into balance by FY 2008 and, thereafter, make uninterrupted progress in reducing the use of Social Security trust fund surpluses to finance the deficit in the non-Social-Security budget.
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