To amend title 31, United States Code, to restrict the authority of newly established Government-related corporations to borrow from the Treasury and to require an annual evaluation of the impact of public borrowing by such corporations on the public debt.
Federal Debt Management Responsibility Act of 1991 - Amends Federal law to prohibit the use of proceeds of Treasury obligations to lend any amount to a newly established Government-related corporation, unless: (1) such corporation is a designated qualified corporation; or (2) such borrowing is approved in advance in an appropriations Act.
Directs the Secretary of the Treasury to report annually to the Congress on the impact of the issuance or guarantee of Government-related corporation securities: (1) on the interest rate and discount amount of certain obligations issued by the Secretary; and (2) on the marketability of such obligations.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by Voice Vote.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 102-224.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 102-224.
Placed on the Union Calendar, Calendar No. 134.
Mr. Pickle moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules.
DEBATE - The House proceeded with forty minutes of debate.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
Read twice and referred to the Committee on Governmental Affairs.
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