97 STAT. 196 PUBLIC LAW 98-34—MAY 26, 1983 Public Law 98-34 98th Congress May 26, 1983 [H.R. 2990] Public debt limit, increase. 96 Stat. 938. Effective date. 31 USC 3101 note. 96 Stat. 1156. 96 Stat. 2467. An Act To increase the permanent public debt limit, and for other purposes. 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 UiMIT. (a) 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". (b) 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entitled "Joint resolution to provide for a temporary increase in the public debt limit" (Public Law 97-270) is hereby repealed.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 LIMIT 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. LEGISLATIVE HISTORY—H.R. 2990: HOUSE REPORT No. 98-121 (Comm. on Ways and Means). CONGRESSIONAL RECORD, Vol. 129 (1983): May 18, considered and passed House. May 25, considered and passed Senate.
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