S. 3654 · 117th Congress
Debt Ceiling Reform Act
- Stage
- In committee
- Sponsor
- Richard Durbin
- Introduced
- 2022-02-15
- Latest action
- 2022-02-15 · Introduced in Senate
Summary
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.