To amend title 31, United States Code, to prevent newly established Federal agencies from increasing the national debt through unauthorized borrowing.
Federal Agency Debt Management Act - Amends Federal law regarding the public debt to prohibit any Federal agency or instrumentality established after December 31, 1988, from incurring any financial obligation other than authorized borrowings from the Treasury.
Applies such limitations as of December 1, 1988, to any refinancing obligations incurred by such entities.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended).
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