A bill to amend section 1105(c) of title 31, United States Code, to limit the amount of any increase in the public debt limit that the President may recommend for a fiscal year.

Prohibits the President from recommending any action to increase the public debt limit in any fiscal year by more than the sum of: (1) the maximum deficit amount prescribed for such fiscal year under the Congressional Budget and Impoundment Control Act of 1974; and (2) the amount of the estimated surpluses in any trust fund, fund, or Government account for such fiscal year that must, by law, be invested in government obligations.