99 STAT. 814
PUBLIC LAW 99-155—NOV. 14, 1985 Public Law 99-155 99th Congress An Act
Nov. 14, 1985 [H.R. 3721]
Securities. 31 USC 3101 note.
Prohibition. 26 USC 5701 note. 26 USC 1 note.
45 USC 360.
42USei395ww note.
To temporarily increase the limit on the public debt and to restore the investments of the Social Security Trust Funds and other trust funds.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. SECTION 1. That, during the period beginning on the date of the enactment of this Act and ending on December 6, 1985, the public debt limit set forth in subsection (b) of section 3101 of title 31, United States Code, shall be temporarily increased by an amount determined by the Secretary of the Treasury as necessary to permit the United States to meet its obligations. The Secretary of the Treasury shall immediately upon enactment restore to the Social Security Trust Funds, or any other trust funds established pursuant to Federal law, any securities disinvested since September 30, 1985. No increase under this Act shall result in a public debt limit in excess of $1,903,800,000,000. SEC. 2. (a) Subsection (c) of section 283 of the Tax Equity and Fiscal Responsibility Act of 1982 (relating to increase in tax on cigarettes) is amended by striking out "November 15, 1985" and inserting in lieu thereof "December 15, 1985". (b) Section 285 of the Trade Act of 1974 (19 U.S.C. note preceding section 2271) is amended by striking out "November 14, 1985" and inserting in lieu thereof "December 14, 1985". (c) Section 10(d) of the Railroad Unemployment Insurance Act is amended by striking out "November 14, 1985" each place it appears and inserting in lieu thereof "December 14, 1985". (d) Section 5(c) of the Emergency Extension Act of 1985 (Public Law 99-107) is amended by striking out "November 14, 1985" and inserting in lieu thereof "December 14, 1985". Approved November 14, 1985.
LEGISLATIVE HISTORY—H.R. 3721: CONGRESSIONAL RECORD, Vol. 131 (1985): Nov. 13, considered and passed House; considered and passed Senate, amended. Nov. 14, House agreed to Senate amendment.
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