To amend title 31, United States Code, to eliminate the statutory cap on the public debt and to place limitations on the purposes for which public debt may be issued.
Full Faith and Credit Act of 2011 - Repeals public debt limit requirements. Limits the issuance of obligations for the public debt only to fund commitments incurred by the federal government that require current funding. (Thus eliminates the statutory cap on the public debt.)
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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