A bill to increase the public debt limit through March 1, 1979, to provide that thereafter the public debt limit shall be established pursuant to the congressional budget procedures and to improve debt management.

[AI summary unavailable — showing source text] Title I: Increases in Public Debt Limit Through March 1, 1979; Improvement of Debt Management - Increases the public debt limit by $424,000,000,000 during the period beginning on April 1, 1978, and ending on March 1, 1979. Amends the Second Liberty Bond Act to increase, by $6,000,000,000, the amount of bonds which may be issued at a rate above four and one-quarter percent. Removes the limitation which prevents the increase of interest rates and investment yields on any offering of United States savings bonds by more than one-half of one percent for any interest accrual period to be paid as a bonus either on redemption or maturity. Title II: Establishment of Public Debt Limit Pursuant to Congressional Budget Procedures - Amends the Second Liberty Bond Act to limit the public debt to the amount specified in the concurrent resolution on the congressional budget most recently adopted.…