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National Debt is National Security Act

3/13/2024, 2:21 AM

Congressional Summary of S 3801

National Debt is National Security Act

This bill establishes limits on the amount of public debt that may be held by foreign governments, entities, and individuals.

The bill allows the President to waive the limits if the President determines and reports to Congress that an important national interest requires the waiver.

Current Status of Bill S 3801

Bill S 3801 is currently in the status of Bill Introduced since March 10, 2022. Bill S 3801 was introduced during Congress 117 and was introduced to the Senate on March 10, 2022.  Bill S 3801's most recent activity was Read twice and referred to the Committee on Finance. as of March 10, 2022

Bipartisan Support of Bill S 3801

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3801

Primary Policy Focus

Economics and Public Finance

Alternate Title(s) of Bill S 3801

National Debt is National Security Act
National Debt is National Security Act
A bill to establish limitations on the amount of debt issued by the United States which may be held by foreign governments, entities, and individuals.

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