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S 1553 116th Congress Senate Economics and Public Finance Budget deficits and national debt

End the Threat of Default Act

Introduced: May 21, 2019 Introduced by: Schatz, Brian Democratic · Hawaii See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 2020
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-427.
May 21, 2019
Read twice and referred to the Committee on Finance.
May 21, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

End the Threat of Default Act

This bill repeals the public debt limit, which applies to most debt held by the federal government.

What's happening now February 25, 2020

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 116-427.

 Related & companion bills 1
  • HR 2870 Identical bill End the Threat of Default Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Democratic 5
D
Wyden, Ron
Oregon · Jul 15, 2019
 D
Bennet, Michael F.
Colorado · May 21, 2019
 D
Murray, Patty
Washington · May 21, 2019
 D
Van Hollen, Chris
Maryland · May 21, 2019
 D
Whitehouse, Sheldon
Rhode Island · May 21, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1553: End the Threat of Default Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-1553/
MLA
"S. 1553: End the Threat of Default Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-1553/.
Bluebook (legal)
S. 1553, 116th Cong. (2026), https://openamerica.io/bill/116-S-1553/.
Markdown link
[S. 1553: End the Threat of Default Act](https://openamerica.io/bill/116-S-1553/)
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