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senate Bill S. 540

Temporary Debt Limit Extension Act

bill Progress

  • EnactedFebruary 15th, 2014
    The President signed this bill into law
  • The house Passed February 11th, 2014
    Roll Call Vote 221 Yea / 201 Nay
      house Committees
      Committee on Transportation and Infrastructure
  • The senate Passed March 21st, 2013
    Passed by Voice Vote
      senate Committees
      Committee on Commerce, Science, and Transportation
    IntroducedMarch 12th, 2013

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Bill Details

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Temporary Debt Limit Extension Act

Official Title

An act to temporarily extend the public debt limit, and for other purposes.


Temporary Debt Limit Extension Act - Suspends the public debt limit for the period beginning on the date of enactment of this Act and ending on March 15, 2015. Increases the debt limit, effective March 16, 2015, to the extent that: the face amount of such obligations outstanding on the date of enactment of this Act is exceeded by the total of the face amount of public debt obligations and the face amount of obligations whose principal and interest are guaranteed by the U.S. government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on March 16, 2015. Excludes an obligation under clause 2 (above) from being taken into account unless its issuance was necessary to fund a commitment incurred pursuant to law that required payment before March 16, 2015. Prohibits the Secretary of the Treasury from issuing obligations during the period beginning on the date of enactment of this Act and ending on March 15, 2015, for the purpose of increasing the cash balance above normal operating balances in anticipation of the expiration of such period.

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