Page:United States Statutes at Large Volume 101 Part 1.djvu/346

 101 STAT. 316

PUBLIC LAW 100-43—MAY 22, 1987

"(5) On each business day during the debt limit suspension period, the Executive Director shall notify the Secretary of the Treasury of the amounts, by maturity, that would have been invested or redeemed each day had the debt issuance suspension period not occurred. " "(6) For purposes of this subsection and subsection (i) of this ! section— "(A) the term 'public debt limit' means the limitation imposed by section 3101(b) of title 31; and .•..;vr«- -ti».:;' "(B) the term 'debt issuance suspension period' means any ^;'j period for which the Secretary of the Treasury determines for purposes of this subsection that the issuance of obligations of the United States may not be made without exceeding the public debt limit.", (b)

REPORTS REGARDING

THE OPERATION

AND STATUS OF THE

FUND.—Section 8438 of title 5, United States Code, as amended by subsection (a), is further amended by adding at the end the following new subsection: "(i)(l) The Secretary of the Treasury shall report to Congress on the operation and status of the Thrift Savings Fund during each debt issuance suspension period for which the Secretary is required to take action under paragraph (3) or (4) of subsection (h) of this section. The report shall be submitted as soon as possible after the expiration of such period, but not later than 30 days after the first business day after the expiration of such period. The Secretary shall concurrently transmit a copy of such report to the Executive Director and the Comptroller General of the United States. "(2) Whenever the Secretary of the Treasury determines that, by reason of the public debt limit, the Secretary will be unable to fully comply with the requirements of subsection (f) of this section, the Secretary shall immediately notify Congress and the Executive Director of the determination. The notification shall be made in writing.". Approved May 22, 1987. rf t i t

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LEGISLATIVE HISTORY—S. 1177: CONGRESSIONAL RECORD, Vol. 133 (1987): May 12, considered and passed Senate. May 13, considered and passed House.

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