118th Congress Economics and Public Finance
S. 1882: Debt Ceiling Reform Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Who scored on this bill
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History
- Introduced in the Senate by Richard Durbin.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance. (text: CR S2031-2032)