Page:United States Statutes at Large Volume 107 Part 3.djvu/417

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PUBLIC LAW 103-202—DEC. 17, 1993 107 STAT. 2355 TITLE II—REPORTS ON PUBLIC DEBT SEC. 201. ANNUAL REPORT ON PUBLIC DEBT. (a) GENERAL RULE. — Subchapter II of chapter 31 of title 31, United States Code, is amended by adding at the end the following new section:

    • § 3130. Annual public debt report

"(a) GENERAL RULE. —On or before June 1 of each calendar year after 1993, the Secretary of the Treasury shall submit a report to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate on— "(1) the Treasui'/s public debt activities, and "(2) the operations of the Federal Financing Bank. "(b) REQUIRED INFORMATION ON PUBLIC DEBT ACTIVITIES.— Each report submitted under subsection (a) shall include the following information: "(1) A table showing the following information with respect to the total public debt: "(A) The past levels of such debt and the projected levels of such debt as of the close of the current fiscal year and as of the close of the next 5 fiscal years under the most recent current services baseline projection of the executive branch. • "(B) The past debt to GDP ratios and the projected debt to GDP ratios as of the close of the current fiscal year and as of the close of the next 5 fiscal years under such most recent current services baseline projection. "(2) A table showing the following information with respect to the net public debt: "(A) The past levels of such debt and the projected levels of such debt as of the close of the current fiscal year and as of the close of the next 5 fiscal years under the most recent current services baseUne projection of the executive branch. "(B) The past debt to GDP ratios and the projected debt to GDP ratios as of the close of the current fiscal year and as of the close of the next 5 fiscal years under such most recent current services baseline projection. "(C) The interest cost on such debt for prior fiscal years and the projected interest cost on such debt for the current fiscal year and for the next 5 fiscal years under such most recent current services baseline projection. "(D) The interest cost to outlay ratios for prior fiscal years and the projected interest cost to outlay ratios for _ the current fiscal year and for the next 5 fiscal years under such most recent current services baseline projection. "(3) A table showing the maturity distribution of the net public debt as of the time the report is submitted and for prior years, and an explanation of the overall financing strategy used in determining the distribution of maturities when issuing public debt obligations, including a discussion of the projections and assumptions with respect to the structure of interest rates v for the current fiscal year and for the succeeding 5 fiscal years. "(4) A table showing the following information as of the time the report is submitted and for prior years: 69-194O-94-14:QL.3Part3