S. 1395
IntroducedA bill to temporarily suspend the debt limit through December 31, 2024.
Latest Action
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 40.
5/2/2023 • Senate
Summary
This bill suspends the federal debt limit through December 31, 2024, and increases the limit on January 1, 2025, to accommodate the obligations issued during the suspension period.
The adjustments to the debt limit for obligations issued during the suspension period are limited to obligations necessary to fund a commitment incurred by the federal government that required payment before January 1, 2025.
Introduced in Senate • 5/1/2023
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (4)
Party Breakdown
Sponsor
Cosponsors (3)
Bill Journey
Originated in the Senate
Introduced
May 1, 2023
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text: CR S1443)
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law