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S. 3654

BillFederalSenateIntroduced
To amend chapter 31 of title 31, United States Code, to provide procedures for congressional disapproval of the issuance of additional debt.
About This Bill
Introduced
Congress
117th (2021–2023)
Introduced
February 15, 2022
Cosponsors (0)
None
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Summary

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Debt Ceiling Reform Act This bill replaces the existing federal debt limit with procedures that allow the Department of the Treasury to continue issuing additional debt unless Congress passes a joint resolution of disapproval regarding the additional debt, and the joint resolution becomes law.

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