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HR 3774 114th Congress House

Protect America's Credit Act of 2015

Official title: To amend title 31, United States Code, to apply the debt limit only to debt held by the public and to adjust the debt limit for increases in the gross domestic product.

Introduced: October 20, 2015 Introduced by: Peters, Scott H. Democratic · California See on congress.gov
Economics and Public Finance Budget deficits and national debtCongressional oversightEconomic performance and conditions
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 20, 2015
Referred to the House Committee on Ways and Means.
Oct 20, 2015
Introduced in House
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 Latest action October 20, 2015

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Protect America's Credit Act of 2015

This bill revises the statutory debt limit to: (1) apply the limit only to debt held by the public, and (2) require annual adjustments to the limit to account for increases in the gross domestic product.

(Under current law, the debt limit applies to debt held by the public and debt held by government accounts. Debt held by the public consists mainly of securities issued by the Treasury and held by investors. Debt held by the government is debt issued to the federal government's trust funds for programs such as Social Security, Medicare, and military and civil service retirement benefits.)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 3774: Protect America's Credit Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-3774/
MLA
"H.R. 3774: Protect America's Credit Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-3774/.
Bluebook (legal)
H.R. 3774, 114th Cong. (2026), https://openamerica.io/bill/114-HR-3774/.
Markdown link
[H.R. 3774: Protect America's Credit Act of 2015](https://openamerica.io/bill/114-HR-3774/)
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