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
Committee
Latest Action · June 9, 2023
Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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 a joint resolution of disapproval regarding the additional debt is enacted into law. The bill also requires Congress to consider the joint resolution using specified expedited legislative procedures.
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