Senate Bill 1395
118th Congress(2023-2024)
A bill to temporarily suspend the debt limit through December 31, 2024.
Introduced
Introduced in Senate on May 1, 2023
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1395
Congress
118
Policy Area
Economics and Public Finance
Economics and Public Finance
Primary focus of measure is budgetary matters such as appropriations, public debt, the budget process, government lending, government accounts and trust funds; monetary policy and inflation; economic development, performance, and economic theory.
No Senate votes have been held for this bill.
Summary
This bill suspends the federal debt limit through December 31, 2024, and increases the limit on January 1, 2025, to accommodate the obligations issued during the suspension period.
The adjustments to the debt limit for obligations issued during the suspension period are limited to obligations necessary to fund a commitment incurred by the federal government that required payment before January 1, 2025.
May 2, 2023
Sort by most recent
05/02/2023
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 40.
05/01/2023
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text: CR S1443)
05/01/2023
Introduced in Senate
Public Record
Record Updated
May 28, 2024 2:54:09 PM