Protection for good faith actions shields officials executing statutory public debt management duties from legal proceedings. Protection for acts done in good faith shields the Central Government, the Agency, and their members or employees from suit, prosecution or other legal proceedings for anything done or intended to be done in good faith under the Chapter. The Bill creates a Public Debt Management Agency with a Board to manage public debt, including issuance, trading and payment of Government securities, subject to directions from the Central Government and with proposed tax exemption.