To prohibit the issuance of new public debt obligations after December 31, 2001.
Balanced Budget Act of 1997 - Prohibits issuing any obligation subject to the public debt limit after December 31, 2001, except an obligation issued to refund an obligation issued before January 1, 2002. Provides for the suspension of such prohibition upon the enactment of a joint resolution declaring war or a national emergency.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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