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HR 1529 115th Congress House Economics and Public Finance Budget deficits and national debt Employee benefits and pensions Financial services and investments Government employee pay, benefits, personnel management Government trust funds Health care costs and insurance Postal service Presidents and presidential powers, Vice Presidents Securities State and local finance

Debt Limit Control and Accountability Act of 2017

Introduced: March 15, 2017 See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Mar 15, 2017
Referred to the House Committee on Ways and Means.
Mar 15, 2017
Introduced in House
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 Plain-English summary Congressional Research Service

Debt Limit Control and Accountability Act of 2017

This bill prohibits the Department of the Treasury from using extraordinary measures either to prevent the United States from reaching the statutory debt limit or once the debt limit has been reached.

Under the bill, extraordinary measures are:

  • suspending investments of the Thrift Savings Plan G Fund or the Exchange Stabilization Fund,
  • suspending the issuance of new securities to the Civil Service Retirement and Disability Fund and Postal Service Retiree Health Benefits Fund,
  • redeeming early securities held by the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund,
  • suspending the issuance of new State and Local Government Series securities and savings bonds,
  • replacing Treasury securities subject to the debt limit with debt issued by the Federal Financing Bank, or
  • any other extraordinary actions taken by Treasury to avoid defaulting on the obligations of the United States.

The bill also repeals statutory provisions that established procedures for presidential modification of the debt ceiling.

What's happening now March 15, 2017

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Republican 1
R
Budd, Ted
North Carolina · Feb 15, 2018
Yoho, Ted
· Feb 15, 2018
Labrador, Raul
· Jun 13, 2017
BARTON, JOE
· Jun 7, 2017
Garrett, Thomas
· Jun 6, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1529: Debt Limit Control and Accountability Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-1529/
MLA
"H.R. 1529: Debt Limit Control and Accountability Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-1529/.
Bluebook (legal)
H.R. 1529, 115th Cong. (2026), https://openamerica.io/bill/115-HR-1529/.
Markdown link
[H.R. 1529: Debt Limit Control and Accountability Act of 2017](https://openamerica.io/bill/115-HR-1529/)
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