31 U.S.C. § 3130

Annual public debt report

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(a)General Rule.—On or before June 1 of each calendar year after 1993, the Secretary of the Treasury shall submit a report to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate on—(1) the Treasury’s public debt activities, and(2) the operations of the Federal Financing Bank.(b)Required Information on Public Debt Activities.—Each report submitted under subsection (a) shall include the following information:(1) A table showing the following information with respect to the total public debt:(A) The past levels of such debt and the projected levels of such debt as of the close of the current fiscal year and as of the close of the next 5 fiscal years under the most recent current services baseline projection of the executive branch.(B) The past debt to GDP ratios and the projected debt to GDP ratios as of the close of the current fiscal year and as of the close of the next 5 fiscal years under such most recent current services baseline projection.(2) A table showing the following information with respect to the net public debt:(A) The past levels of such debt and the projected levels of such debt as of the close of the current fiscal year and as of the close of the next 5 fiscal years under the most recent current services baseline projection of the executive branch.(B) The past debt to GDP ratios and the projected debt to GDP ratios as of the close of the current fiscal year and as of the close of the next 5 fiscal years under such most recent current services baseline projection.(C) The interest cost on such debt for prior fiscal years and the projected interest cost on such debt for the current fiscal year and for the next 5 fiscal years under such most recent current services baseline projection.(D) The interest cost to outlay ratios for prior fiscal years and the projected interest cost to outlay ratios for the current fiscal year and for the next 5 fiscal years under such most recent current services baseline projection.(3) A table showing the maturity distribution of the net public debt as of the time the report is submitted and for prior years, and an explanation of the overall financing strategy used in determining the distribution of maturities when issuing public debt obligations, including a discussion of the projections and assumptions with respect to the structure of interest rates for the current fiscal year and for the succeeding 5 fiscal years.(4) A table showing the following information as of the time the report is submitted and for prior years:(A) A description of the various categories of the holders of public debt obligations.(B) The portions of the total public debt held by each of such categories.(5) A table showing the relationship of federally assisted borrowing to total Federal borrowing as of the time the report is submitted and for prior years.(6) A table showing the annual principal and interest payments which would be required to amortize in equal annual payments the level (as of the time the report is submitted) of the net public debt over the longest remaining term to maturity of any obligation which is a part of such debt.(c)Required Information on Federal Financing Bank.—Each report submitted under subsection (a) shall include (but not be limited to) information on the financial operations of the Federal Financing Bank, including loan payments and prepayments, and on the levels and categories of the lending activities of the Federal Financing Bank, for the current fiscal year and for prior fiscal years.(d)Recommendations.—The Secretary of the Treasury may include in any report submitted under subsection (a) such recommendations to improve the issuance and sale of public debt obligations (and with respect to other matters) as he may deem advisable.(e)Definitions.—For purposes of this section—(1)Current fiscal year.—The term “current fiscal year” means the fiscal year ending in the calendar year in which the report is submitted.(2)Total public debt.—The term “total public debt” means the total amount of the obligations subject to the public debt limit established in section 3101 of this title.(3)Net public debt.—The term “net public debt” means the portion of the total public debt which is held by the public.(4)Debt to gdp ratio.—The term “debt to GDP ratio” means the percentage obtained by dividing the level of the total public debt or net public debt, as the case may be, by the gross domestic product.(5)Interest cost to outlay ratio.—The term “interest cost to outlay ratio” means, with respect to any fiscal year, the percentage obtained by dividing the interest cost for such fiscal year on the net public debt by the total amount of Federal outlays for such fiscal year.(Added Pub. L. 103–202, title II, § 201(a), Dec. 17, 1993, 107 Stat. 2355.)
Notes of Decisions
Cited in 22 cases (6 in the last 5 years), 1993–2024 · leading case: United States Ex Rel. Duxbury v. Ortho Biotech Products, L.P.
United States Ex Rel. Duxbury v. Ortho Biotech Products, L.P. (2009) ca1 “The district court’s dismissal of the kickback claims turns on the “public disclosure” bar, set forth at 31 U.S.C. § 3130 (e)(4). It provides: (A) No court shall have jurisdiction over an action under this section based upon the public disclosure of allegations or transactions…”
Zernik v. U.S. Department of Justice (2009) dcd “2006) (internal citation omitted); 31 U.S.C. § 3130 (b), pro se plaintiffs are not qualified to represent the interests of the United States in such an action, United States ex rel.”
Thomas Mooney v. Douglas Fife (2024) ca9 “1997), superseded by statute, 31 U.S.C. § 3130 (h) (2009). Other circuit courts read the FCA’s “in furtherance of” language more broadly to include protection against “retaliation for filing an internal complaint.”
US Ex Rel. Kent v. Aiello (1993) caed “First, they contend that plaintiff has failed to allege an action “filed or to be filed” which they claim is a necessary element under 31 U.S.C. § 3130 ; second, that plaintiff alleged her termination to be in response to testimony provided to the Grand Jury, a circumstance not…”
United States ex rel. Branch Consultants, L.L.C. v. Allstate Insurance (2009) laed · cites it 2× “Rockwell abrogated the Fifth Circuit’s ruling that the phrase “information upon which the allegations are based” in 31 U.S.C. § 3130 (e)(4)(A) refers to the publicly disclosed information, and instead held that it refers to the information in a relator’s complaint.”
Hamilton Securities Advisory Services, Inc. v. United States (2004) uscfc “2004) (“Ervin") (Qui tarn action brought under False Claims Act, 31 U.S.C. § 3130 , alleging that Hamilton and others were engaged in a variety of unlawful actions arising out of the same transactions at issue in this case); Hamilton Securities Advisory Servs.”
United States v. St. Joseph's Regional Health Center (2002) arwd “1996), and the government may change its mind and seek to intervene following a decision not to intervene, upon a showing of good cause, 31 U.S.C. § 3130 (c)(3). Neither of these expedients, however, abuses the essential nature of the False Claims Act, which is to allow a…”
McCollum v. Jacobs Engineering Group, Inc. (2014) mssd “The complaint also contained a claim for retaliatory discharge pursuant to 31 U.S.C. § 3130 (h). The False Claims Act (“FCA”) may be enforced by the Attorney General, or by a private person, known as a “relator,” who brings a qui torn suit “for the person and for the United…”
United States v. Coloplast Corp. (2018) dcd “It argues that plaintiff-relators' action should be dismissed under the False Claims Act's ("FCA") "government action bar," 31 U.S.C. § 3130 (e)(3), and the analogous provision of California's FCA statute, Cal.”
United States Ex Rel. DRC, Inc. v. Custer Battles, LLC (2006) vaed “Accordingly, judgment will be entered on the jury’s verdict finding Custer Battles’s violation of 31 U.S.C. § 3130 (h), and awarding damages of $165,000 to Baldwin.”
Castenson v. City of Harcourt (2000) iand · cites it 3× “” 31 U.S.C. § 3130 . “The focus of the Act is on exposing fraud on the government and recovering resulting government losses.”
US EX REL. BRANCH CONSULTANTS v. Allstate Ins. (2009) laed · cites it 2× “Rockwell abrogated the Fifth Circuit's ruling that the phrase "information upon which the allegations are based" in 31 U.S.C. § 3130 (e)(4)(A) refers to the publicly disclosed information, and instead held that it refers to the information in a relator's complaint.”
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