S. 3654 · 117th Congress · Senate

Debt Ceiling Reform Act

Active· Read twice and referred to the Committee on Finance. (text: CR S708-710)
Introduced
Feb 15, 22
Passed Senate
Pending
Passed House
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.