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Government Bailout Prevention Act
6/10/2026, 11:03 AM
Summary of Bill S 4629
This bill, introduced in the 119th session of Congress, is aimed at restricting the allocation of Federal funds to State and local governments and school districts for debt payment. It also seeks to prevent financial assistance by Federal entities like the Federal Reserve banks and the Department of the Treasury to entities that default on their obligations. The bill likely contains provisions outlining these restrictions and requirements to enforce compliance with the proposed prohibition on funding.
Read the Full Bill
Current Status of Bill S 4629
Bill S 4629 is currently in the status of Bill Introduced since May 21, 2026. Bill S 4629 was introduced during Congress 119 and was introduced to the Senate on May 21, 2026. Bill S 4629's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of May 21, 2026
Bipartisan Support of Bill S 4629
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
5Democrat Cosponsors
0Republican Cosponsors
5Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 4629
Primary Policy Focus
Alternate Title(s) of Bill S 4629
A bill 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.
A bill 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.
Comments
Zachary Kearney
953
23 days ago
This bill good. Stop giving money to states that can't pay their bills.
Sponsors and Cosponsors of S 4629
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