Government Bailout Prevention Act

Hozzl · 2026-07-02T16:44:54Z

Explore the details of House Bill 9324 Government Bailout Prevention Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

7/2/2026, 4:44 PM

Summary of Bill HR 9324

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.

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Current Status of Bill HR 9324

Bill HR 9324 is currently in the status of Bill Introduced since June 15, 2026. Bill HR 9324 was introduced during Congress 119 and was introduced to the House on June 15, 2026. Bill HR 9324's most recent activity was Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of June 15, 2026

Bipartisan Support of Bill HR 9324

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 9324

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 9324

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.