H.R. 3953 · 118th Congress
Debt Ceiling Reform Act
- Stage
- In committee
- Sponsor
- Brendan Boyle
- Introduced
- 2023-06-09
- Latest action
- 2023-06-09 · Introduced in House
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 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.