Bill Sponsor
BILLSPONSOR
Bill Sponsor
Politicians
Bills
Senate Bill 1395
118th Congress(2023-2024)
A bill to temporarily suspend the debt limit through December 31, 2024.
Introduced
Introduced
Introduced in Senate on May 1, 2023
Overview
Text
Placed on Calendar Senate 
May 2, 2023
No Linkage Found
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
Placed on Calendar Senate(May 2, 2023)
May 2, 2023
No Linkage Found
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
Jump To
S. 1395 (Placed-on-Calendar-Senate)

Calendar No. 40

118th CONGRESS
1st Session
S. 1395


To temporarily suspend the debt limit through December 31, 2024.

IN THE SENATE OF THE UNITED STATES

May 1, 2023

Mr. Schumer (for himself, Mrs. Murray, Mr. Wyden, and Mr. Whitehouse) introduced the following bill; which was read the first time

May 2, 2023

Read the second time and placed on the calendar

A BILL

To temporarily suspend the debt limit through December 31, 2024.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Temporary extension of public debt limit.

(a) In general.—Section 3101(b) of title 31, United States Code, shall not apply for the period beginning on the date of enactment of this Act and ending on December 31, 2024.

(b) Special rule relating to obligations issued during extension period.—Effective on January 1, 2025, the limitation in effect under section 3101(b) of title 31, United States Code, shall be increased to the extent that—

(1) the face amount of obligations issued under chapter 31 of such title and the face amount of obligations whose principal and interest are guaranteed by the United States Government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on January 1, 2025, exceeds

(2) the face amount of such obligations outstanding on the date of enactment of this Act.

(c) Extension limited to necessary obligations.—An obligation shall not be taken into account under subsection (b)(1) unless the issuance of such obligation was necessary to fund a commitment incurred pursuant to law by the Federal Government that required payment before January 1, 2025.

Calendar No. 40

118th CONGRESS
     1st Session
S. 1395
A BILL
To temporarily suspend the debt limit through December 31, 2024.
May 2, 2023
Read the second time and placed on the calendar