Amendments
2011—Subsec. (b). [Pub. L. 112–25] substituted “or as provided by section 3101A or otherwise” for “or otherwise”.
2010—Subsec. (b). [Pub. L. 111–139] substituted “$14,294,000,000,000” for “$12,394,000,000,000”.
2009—Subsec. (b). [Pub. L. 111–123] substituted “$12,394,000,000,000” for “$12,104,000,000,000”.
[Pub. L. 111–5] substituted “$12,104,000,000,000” for “$11,315,000,000,000”.
2008—Subsec. (b). [Pub. L. 110–343] substituted “$11,315,000,000,000” for “$10,615,000,000,000”.
[Pub. L. 110–289] substituted “$10,615,000,000,000” for “$9,815,000,000,000”.
2007—Subsec. (b). [Pub. L. 110–91] substituted “$9,815,000,000,000” for “$8,965,000,000,000”.
2006—Subsec. (b). [Pub. L. 109–182] substituted “$8,965,000,000,000” for “$8,184,000,000,000”.
2004—Subsec. (b). [Pub. L. 108–415] substituted “$8,184,000,000,000” for “$7,384,000,000,000”.
2003—Subsec. (b). [Pub. L. 108–24] substituted “$7,384,000,000,000” for “$6,400,000,000,000”.
2002—Subsec. (b). [Pub. L. 107–199] substituted “$6,400,000,000,000” for “$5,950,000,000,000”.
1997—Subsec. (b). [Pub. L. 105–33] substituted “$5,950,000,000,000” for “$5,500,000,000,000”.
1996—Subsec. (b). [Pub. L. 104–121] substituted “$5,500,000,000,000” for “$4,900,000,000,000”.
1993—Subsec. (b). [Pub. L. 103–66] substituted “$4,900,000,000,000” for “$4,145,000,000,000”.
1990—Subsec. (b). [Pub. L. 101–508] substituted “$4,145,000,000,000” for “$3,122,700,000,000”.
1989—Subsec. (b). [Pub. L. 101–140] substituted “$3,122,700,000,000” for “$2,800,000,000,000”.
Subsec. (c). [Pub. L. 101–72] amended subsec. (c) generally. Prior to amendment, subsec. (c) read as follows: “The face amount of beneficial interests and participations (except those held by their issuer) issued under section 302(c) of the National Housing Act (12 U.S.C. 1717(c)) from July 1, 1967, through June 30, 1968, and outstanding at any time shall be included in the amount taken into account in deciding whether the face amount requirement of subsection (b) of this section has been exceeded. This subsection does not require a change in the budgetary accounting for beneficial interests and participations.”
1987—Subsec. (b). [Pub. L. 100–119] substituted “$2,800,000,000,000” for “$2,111,000,000,000”.
1986—Subsec. (b). [Pub. L. 99–384], which directed that subsec. (b) be amended by “striking out the dollar limitation contained in such subsection and inserting in lieu thereof ‘$2,111,000,000,000,’ ”, was executed by substituting “$2,111,000,000,000,” for “$1,847,800,000,000, or $2,078,700,000,000 on and after October 1, 1985,” as the probable intent of Congress.
1985—Subsec. (b). [Pub. L. 99–177] substituted “$1,847,800,000,000, or $2,078,700,000,000 on and after October 1, 1985” for “$1,575,700,000,000, or $1,823,800,000,000 on and after October 1, 1984”.
1984—Subsec. (b). [Pub. L. 98–475] substituted “$1,575,700,000,000, or $1,823,800,000,000 on and after October 1, 1984,” for “$1,573,000,000,000”.
[Pub. L. 98–342] substituted “$1,573,000,000,000” for “$1,389,000,000,000, or $1,490,000,000,000 on and after October 1, 1983,”.
1983—Subsec. (b). [Pub. L. 98–161] inserted “, or $1,490,000,000,000 on and after October 1, 1983,” after “$1,389,000,000,000”.
[Pub. L. 98–34] substituted “$1,389,000,000,000” for “$400,000,000,000”.
Temporary Debt Limit Extension
[Pub. L. 118–5, div. D, § 401], June 3, 2023, [137 Stat. 48], provided that:“(a)
In General.—
Section 3101(b) of title 31, United States Code, shall not apply for the period beginning on the date of the enactment of this Act [
June 3, 2023] and ending on
January 1, 2025.
“(b)
Special Rule Relating to Obligations Issued During Extension Period.—
Effective on
January 2, 2025, the limitation in effect under
section 3101(b) of title 31, United States Code, shall be increased to the extent that—
“(1)
the face amount of obligations issued under chapter 31 of such title and the face amount of obligations whose principal and interest are guaranteed by the United States Government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on January 2, 2025, exceeds
“(2)
the face amount of such obligations outstanding on the date of the enactment of this Act.
“(c)
Restoring Congressional Authority Over the National Debt.—
“(1)
Extension limited to necessary obligations.—
An obligation shall not be taken into account under subsection (b)(1) unless the issuance of such obligation was necessary to fund a commitment incurred pursuant to law by the Federal Government that required payment before January 2, 2025.
“(2)
Prohibition on creation of cash reserve during extension period.—
The Secretary of the Treasury shall not issue obligations during the period specified in subsection (a) for the purpose of increasing the cash balance above normal operating balances in anticipation of the expiration of such period.”
[Pub. L. 117–73], Dec. 16, 2021, [135 Stat. 1514], provided: “That the limitation under section 3101(b) of title 31, United States Code, as most recently increased by [Public Law 117–50] (31 U.S.C. 3101 note), is increased by $2,500,000,000,000.”
[Pub. L. 117–50, § 1], Oct. 14, 2021, [135 Stat. 407], provided that: “The limitation under section 3101(b) of title 31, United States Code, as most recently increased by section 301 of the Bipartisan Budget Act of 2019 [[Pub. L. 116–37]] (31 U.S.C. 3101 note), is increased by $480,000,000,000.”
[Pub. L. 116–37, title III, § 301], Aug. 2, 2019, [133 Stat. 1057], provided that:“(a)
In General.—
Section 3101(b) of title 31, United States Code, shall not apply for the period beginning on the date of the enactment of this Act [
Aug. 2, 2019] and ending on
July 31, 2021.
“(b)
Special Rule Relating to Obligations Issued During Extension Period.—
Effective on
August 1, 2021, the limitation in effect under
section 3101(b) of title 31, United States Code, shall be increased to the extent that—
“(1)
the face amount of obligations issued under chapter 31 of such title and the face amount of obligations whose principal and interest are guaranteed by the United States Government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on August 1, 2021, exceeds
“(2)
the face amount of such obligations outstanding on the date of the enactment of this Act.
“(c)
Extension Limited to Necessary Obligations.—
An obligation shall not be taken into account under subsection (b)(1) unless the issuance of such obligation was necessary to fund a commitment incurred pursuant to law by the Federal Government that required payment before August 1, 2021.”
[Pub. L. 115–123, div. C, title III, § 30301], Feb. 9, 2018, [132 Stat. 132], provided that:“(a)
In General.—
Section 3101(b) of title 31, United States Code, shall not apply for the period beginning on the date of the enactment of this Act [
Feb. 9, 2018] and ending on
March 1, 2019.
“(b)
Special Rule Relating to Obligations Issued During Extension Period.—
Effective on
March 2, 2019, the limitation in effect under
section 3101(b) of title 31, United States Code, shall be increased to the extent that—
“(1)
the face amount of obligations issued under chapter 31 of such title and the face amount of obligations whose principal and interest are guaranteed by the United States Government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on March 2, 2019, exceeds
“(2)
the face amount of such obligations outstanding on the date of the enactment of this Act.
“(c)
Restoring Congressional Authority Over the National Debt.—
“(1)
Extension limited to necessary obligations.—
An obligation shall not be taken into account under subsection (b)(1) unless the issuance of such obligation was necessary to fund a commitment incurred pursuant to law by the Federal Government that required payment before March 2, 2019.
“(2)
Prohibition on creation of cash reserve during extension period.—
The Secretary of the Treasury shall not issue obligations during the period specified in subsection (a) for the purpose of increasing the cash balance above normal operating balances in anticipation of the expiration of such period.”
[Pub. L. 115–56, div. C, § 101], Sept. 8, 2017, [131 Stat. 1139], provided that:“(a)
In General.—
Section 3101(b) of title 31, United States Code, shall not apply for the period beginning on the date of enactment of this Act [
Sept. 8, 2017] and ending on
December 8, 2017.
“(b)
Special Rule Relating to Obligations Issued During Extension Period.—
Effective on
December 9, 2017, the limitation in effect under
section 3101(b) of title 31, United States Code, shall be increased to the extent that—
“(1)
the face amount of obligations issued under chapter 31 of such title and the face amount of obligations whose principal and interest are guaranteed by the United States Government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on December 9, 2017, exceeds
“(2)
the face amount of such obligations outstanding on the date of the enactment of this Act.
“(c)
Restoring Congressional Authority Over the National Debt.—
“(1)
Extension limited to necessary obligations.—
An obligation shall not be taken into account under section 101(b)(1) unless the issuance of such obligation was necessary to fund a commitment incurred pursuant to law by the Federal Government that required payment before December 9, 2017.
“(2)
Prohibition on creation of cash reserve during extension period.—
The Secretary of the Treasury shall not issue obligations during the period specified in section 101(a) for the purpose of increasing the cash balance above normal operating balances in anticipation of the expiration of such period.”
[Pub. L. 114–74, title IX], §§ 901, 902, Nov. 2, 2015, [129 Stat. 620], 621, provided that:“SEC. 901.
TEMPORARY EXTENSION OF PUBLIC DEBT LIMIT.
“(a)
In General.—
Section 3101(b) of title 31, United States Code, shall not apply for the period beginning on the date of the enactment of this Act [
Nov. 2, 2015] and ending on
March 15, 2017.
“(b)
Special Rule Relating to Obligations Issued During Extension Period.—
Effective
March 16, 2017, the limitation in effect under
section 3101(b) of title 31, United States Code, shall be increased to the extent that—
“(1)
the face amount of obligations issued under chapter 31 of such title and the face amount of obligations whose principal and interest are guaranteed by the United States Government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on March 16, 2017, exceeds
“(2)
the face amount of such obligations outstanding on the date of the enactment of this Act.
“SEC. 902.
RESTORING CONGRESSIONAL AUTHORITY OVER THE NATIONAL DEBT.
“(a)
Extension Limited to Necessary Obligations.—
An obligation shall not be taken into account under section 901(b)(1) unless the issuance of such obligation was necessary to fund a commitment incurred pursuant to law by the Federal Government that required payment before March 16, 2017.
“(b)
Prohibition on Creation of Cash Reserve During Extension Period.—
The Secretary of the Treasury shall not issue obligations during the period specified in section 901(a) for the purpose of increasing the cash balance above normal operating balances in anticipation of the expiration of such period.”
[Pub. L. 113–83], Feb. 15, 2014, [128 Stat. 1011], provided that:“SECTION 1.
SHORT TITLE.
“This Act may be cited as the ‘Temporary Debt Limit Extension Act’.
“SEC. 2.
TEMPORARY EXTENSION OF PUBLIC DEBT LIMIT.
“(a)
In General.—
Section 3101(b) of title 31, United States Code, shall not apply for the period beginning on the date of the enactment of this Act [
Feb. 15, 2014] and ending on
March 15, 2015.
“(b)
Special Rule Relating to Obligations Issued During Extension Period.—
Effective
March 16, 2015, the limitation in effect under
section 3101(b) of title 31, United States Code, shall be increased to the extent that—
“(1)
the face amount of obligations issued under chapter 31 of such title and the face amount of obligations whose principal and interest are guaranteed by the United States Government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on March 16, 2015, exceeds
“(2)
the face amount of such obligations outstanding on the date of the enactment of this Act.
“SEC. 3.
RESTORING CONGRESSIONAL AUTHORITY OVER THE NATIONAL DEBT.
“(a)
Extension Limited to Necessary Obligations.—
An obligation shall not be taken into account under section 2(b)(1) unless the issuance of such obligation was necessary to fund a commitment incurred pursuant to law by the Federal Government that required payment before March 16, 2015.
“(b)
Prohibition on Creation of Cash Reserve During Extension Period.—
The Secretary of the Treasury shall not issue obligations during the period specified in section 2(a) for the purpose of increasing the cash balance above normal operating balances in anticipation of the expiration of such period.”
Repeals of Temporary Increases in Public Debt Limit
[Pub. L. 103–12], Apr. 6, 1993, [107 Stat. 42], providing for a temporary increase in public debt limit to $4,370,000,000,000 for the period Apr. 6, 1993, to Sept. 30, 1993, was repealed by [Pub. L. 103–66, title XIII, § 13411(b)], Aug. 10, 1993, [107 Stat. 565], effective Aug. 10, 1993.
[Pub. L. 99–509, title VIII, § 8201], Oct. 21, 1986, [100 Stat. 1968], providing for a temporary increase in public debt limit of $189,000,000,000 for the period Oct. 21, 1986, to May 15, 1987, was repealed by [Pub. L. 100–40, § 1(b)], May 15, 1987, [101 Stat. 308], effective May 15, 1987.
[Pub. L. 97–270], Sept. 30, 1982, [96 Stat. 1156], providing for a temporary increase in public debt limit of $890,200,000,000 for the period Oct. 1, 1982, to Sept. 30, 1983, was repealed by [Pub. L. 98–34, § 1(b)], May 26, 1983, [97 Stat. 196], effective May 26, 1983.
The following acts which temporarily increased the public debt limit for limited periods were repealed by [Pub. L. 97–258, § 5(b)], Sept. 13, 1982, [96 Stat. 1068]:
[Pub. L. 97–48], Sept. 30, 1981, [95 Stat. 955], provided for a temporary increase of $599,800,000,000 for the period Sept. 30, 1981, to Sept. 30, 1981.
[Pub. L. 97–2], Feb. 7, 1981, [95 Stat. 4], provided for a temporary increase of $585,000,000,000 for the period Feb. 7, 1981, to Sept. 30, 1981.
[Pub. L. 96–556, § 1], Dec. 19, 1980, [94 Stat. 3261], provided for a temporary increase of $535,100,000,000 for the period Oct. 1, 1980, to Sept. 30, 1981.
[Pub. L. 96–286, § 1], June 28, 1980, [94 Stat. 598], provided for a temporary increase of $525,000,000,000 for the period June 28, 1980, to Feb. 28, 1981.
[Pub. L. 96–78, title I, § 101(a)], Sept. 29, 1979, [93 Stat. 589], as amended [Pub. L. 96–256], May 30, 1980, [94 Stat. 421]; [Pub. L. 96–264, § 1], June 6, 1980, [94 Stat. 439], provided for a temporary increase of $479,000,000,000 for the period Sept. 29, 1979, to June 30, 1980.
[Pub. L. 96–5, § 1], Apr. 2, 1979, [93 Stat. 8], providing for a temporary increase of $430,000,000,000 for the period Apr. 2, 1979, to Sept. 30, 1979, was also repealed by [Pub. L. 96–79, title I, § 101(b)], Sept. 29, 1979, [93 Stat. 589].
[Pub. L. 95–333, § 1], Aug. 3, 1978, [92 Stat. 419], providing for a temporary increase of $398,000,000,000 in the public debt limit for the period Oct. 3, 1978, to Mar. 31, 1979, was also repealed by [Pub. L. 96–5, § 2], Apr. 2, 1979, [93 Stat. 8].
[Pub. L. 95–120, § 1], Oct. 4, 1977, [91 Stat. 1090], as amended, providing for a temporary increase of $352,000,000,000 in the public debt limit for the period Oct. 4, 1977, to July 31, 1978, was also repealed by [Pub. L. 95–333, § 2], Aug. 3, 1978, [92 Stat. 419].
[Pub. L. 94–334, § 1], June 30, 1976, [90 Stat. 793], providing for a temporary increase of $300,000,000,000 in the public debt limit for the period Apr. 1, 1977, to Sept. 30, 1977, was also repealed by [Pub. L. 95–120, § 2], Oct. 4, 1977, [91 Stat. 1090].
[Pub. L. 94–232, § 1], Mar. 15, 1976, [90 Stat. 217], provided for a temporary increase of $227,000,000,000 for the period Mar. 15, 1976, to June 30, 1976.
[Pub. L. 94–132, § 1], Nov. 14, 1975, [89 Stat. 693], providing for a temporary increase of $195,000,000,000 in the public debt limit for the period Nov. 14, 1975, to Mar. 15, 1976, was also repealed by [Pub. L. 94–232, § 2], Mar. 15, 1976, [90 Stat. 217].
[Pub. L. 94–47, § 1], June 30, 1975, [89 Stat. 246], providing for a temporary increase of $177,000,000,000 in the public debt limit for the period June 30, 1975, to Nov. 15, 1975, was also repealed by [Pub. L. 94–132, § 2], Nov. 14, 1975, [89 Stat. 693].
[Pub. L. 94–3, § 1], Feb. 19, 1975, [89 Stat. 5], providing for a temporary increase of $131,000,000,000 in the public debt limit for the period Feb. 19, 1975, to June 30, 1975, was also repealed by [Pub. L. 94–47, § 2], June 30, 1975, [89 Stat. 246].
[Pub. L. 93–325, § 1], June 30, 1974, [88 Stat. 285], providing for a temporary increase of $95,000,000,000 in the public debt limit for the period June 30, 1974, to Mar. 31, 1975, was also repealed by [Pub. L. 94–3, § 2], Feb. 19, 1975, [89 Stat. 5].
[Pub. L. 93–173, § 1], Dec. 3, 1973, [87 Stat. 691], providing for a temporary increase of $75,700,000,000 in the public debt limit for the period of Dec. 3, 1973, to June 30, 1974, was also repealed by [Pub. L. 93–325, § 2], June 30, 1974, [88 Stat. 285], eff. June 30, 1974.
[Pub. L. 92–599, title I, § 101], Oct. 27, 1972, [86 Stat. 1324], as amended [Pub. L. 93–53, § 1], July 1, 1973, [87 Stat. 134], providing for a temporary increase of $65,000,000,000 in the public debt limit for the period of Nov. 1, 1972, to Nov. 30, 1973, was also repealed by [Pub. L. 93–173, § 2], Dec. 3, 1973, [87 Stat. 691], eff. Dec. 3, 1973.
[Pub. L. 92–250], Mar. 15, 1972, [86 Stat. 63], as amended [Pub. L. 92–336, title I, § 1], July 1, 1972, [86 Stat. 406], provided for a temporary increase of $20,000,000,000 for the period Mar. 15, 1972, to Oct. 31, 1972.
[Pub. L. 92–5, title I, § 2(a)], Mar. 17, 1971, [85 Stat. 5], as amended July 1, 1972, [Pub. L. 92–336, title I, § 1], [86 Stat. 406], provided for a temporary increase of $30,000,000,000 for the period of Mar. 17, 1971, to Oct. 31, 1972.
[Pub. L. 91–301, § 2], June 30, 1970, [84 Stat. 368], providing for a temporary increase of $15,000,000,000 in the public debt limit for the period of June 30, 1970, to June 30, 1971, was also repealed by [Pub. L. 92–5, title I, § 2(b)], Mar. 17, 1971, [85 Stat. 5], eff. Mar. 17, 1971.
[Pub. L. 91–8, § 2], Apr. 7, 1969, [83 Stat. 7], provided for a temporary increase of $12,000,000,000 for the period Apr. 7, 1969, to June 30, 1970.
[Pub. L. 90–3], Mar. 2, 1967, [81 Stat. 4], provided for a temporary increase from $285,000,000,000 to $336,000,000,000 for the period Mar. 2, 1967.
[Pub. L. 89–472], June 24, 1966, [80 Stat. 221], provided for a temporary increase from $285,000,000,000 to $330,000,000,000 for the period July 1, 1966, to June 30, 1967.
[Pub. L. 89–49], June 24, 1965, [79 Stat. 172], provided for a temporary increase from $285,000,000,000 to $328,000,000,000 for the period July 1, 1965, to June 30, 1966.
[Pub. L. 88–327], June 29, 1964, [78 Stat. 255], provided for a temporary increase from $285,000,000,000 to $324,000,000,000 for the period June 29, 1964, to June 30, 1965.
[Pub. L. 88–187], Nov. 26, 1963, [77 Stat. 342], provided for a temporary increase from $285,000,000,000 to $309,000,000,000 for the period Dec. 1, 1963, to June 30, 1964 and a further increase of $6,000,000,000 for the period Dec. 1, 1963 through June 29, 1964 because of variations in the timing of revenue receipts.
[Pub. L. 88–106], Aug. 27, 1963, [77 Stat. 131], provided for a temporary increase from $285,000,000,000 to $309,000,000,000 for the period Sept. 1, 1963, to Nov. 30, 1963.
[Pub. L. 88–30, § 1(2)], May 29, 1963, [77 Stat. 50], provided for a temporary increase from $285,000,000,000 to $309,000,000,000 for the period July 1, 1963, to Aug. 31, 1963.
[Pub. L. 88–30, § 1(1)], May 29, 1963, [77 Stat. 50], provided for a temporary increase from $285,000,000,000 to $307,000,000,000 for the period May 29, 1963, to June 30, 1963.
[Pub. L. 87–512, § 1(3)], July 1, 1962, [76 Stat. 124], provided for a temporary increase from $285,000,000,000 to $300,000,000,000 for the period June 25, 1963, to June 30, 1963.
[Pub. L. 87–512, § 1(2)], July 1, 1962, [76 Stat. 124], provided for a temporary increase from $285,000,000,000 to $305,000,000,000 for the period Apr. 1, 1963, to June 24, 1963.
[Pub. L. 87–512, § 1(1)], July 1, 1962, [76 Stat. 124], provided for a temporary increase from $285,000,000,000 to $308,000,000,000 for the period July 1, 1962, to Mar. 31, 1963.
[Pub. L. 87–414], Mar. 13, 1962, [76 Stat. 23], provided for a temporary increase from $285,000,000,000 to $300,000,000,000 for the period Mar. 13, 1962, to June 30, 1962.
[Pub. L. 87–69], June 30, 1961, [75 Stat. 148], provided for a temporary increase from $285,000,000,000 to $298,000,000,000 for the period July 1, 1961, to June 30, 1962.
[Pub. L. 86–564, title I, § 101], June 30, 1960, [74 Stat. 290], provided for a temporary increase from $285,000,000,000 to $293,000,000,000 for the period July 1, 1960, to June 30, 1961.
[Pub. L. 86–74, § 2], June 30, 1959, [73 Stat. 156], provided for a temporary increase from $285,000,000,000 to $295,000,000,000 for the period July 1, 1959, to June 30, 1960.
[Pub. L. 85–336], Feb. 26, 1958, [72 Stat. 27], provided for a temporary increase from $275,000,000,000 to $280,000,000,000 for the period Feb. 26, 1958, to June 30, 1959.
[July 9, 1956, ch. 536], [70 Stat. 519], provided for a temporary increase from $275,000,000,000 to $278,000,000,000 for the period July 1, 1956, to June 30, 1957.
[Aug. 28, 1954, ch. 1037], [68 Stat. 895], as amended by [act June 30, 1955, ch. 256], [69 Stat. 241], provided for a temporary increase from $275,000,000,000 to $281,000,000,000 for the period Aug. 28, 1954, to June 30, 1956.