Government Bailout Prevention Act

The bill titled "To prohibit the provision of Federal funds to State and local governments and school districts for payment of obligations, to prohibit the Federal Reserve banks, the Department of the Treasury, and other Federal agencies from financially assisting State and local governments and school districts that have defaulted on their obligations, and for other purposes" was introduced in the 119th session of Congress as H.R. 9324 on June 15, 2026.