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End the Threat of Default Act
11/1/2022, 5:47 AM
Congressional Summary of S 1553
End the Threat of Default Act
This bill repeals the public debt limit, which applies to most debt held by the federal government.
Read the Full Bill
Current Status of Bill S 1553
Bill S 1553 is currently in the status of Bill Introduced since May 21, 2019. Bill S 1553 was introduced during Congress 116 and was introduced to the Senate on May 21, 2019. Bill S 1553's most recent activity was Committee on Banking, Housing, and Urban Affairs. Hearings held. as of February 25, 2020
Bipartisan Support of Bill S 1553
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
5Democrat Cosponsors
5Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1553
Primary Policy Focus
Economics and Public FinancePotential Impact Areas
- Budget deficits and national debt
Alternate Title(s) of Bill S 1553
End the Threat of Default Act
End the Threat of Default Act
A bill to repeal the debt ceiling.
Comments
Sponsors and Cosponsors of S 1553
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