Volume 97 · 196
Public Law 98–34
To increase the permanent public debt limit, and for other purpose.
Approved May 26, 1983
Statutory text
An Act
To increase the permanent public debt limit, and for other purpose.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. INCREASE IN PUBLIC DEBT UMIT.
General Rule.—
Subsection (b) of section 3101 of title 31,
United States Code, is amended by striking out “$400,000,000,000” and inserting in lieu thereof “$1,389,000,000,000”.
Repeal of Temporary Increase.—
Effective on the date of the enactment of this Act, the first section of the Act of September 30, 1982, entitled “Joint resolution to provide for a temporary increase
in the public debt limit” (Public Law 97–270) is hereby repealed.
SEC. 2. INCREASE IN UMIT ON LONG-TERM BONDS.
Subsection (a) of section 8102 of title 31, United States Code, is amended by striking out “$110,000,000,000” and inserting in lieu thereof “$150,000,000,000”.
Approved May 26, 1983.