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H.R. 8242 117th Congress House

National Debt is National Security Act

Official title: To establish limitations on the amount of debt issued by the United States which may be held by foreign governments, entities, and individuals.

Introduced: June 28, 2022 Introduced by: Scott Franklin Republican · Florida See on congress.gov
Economics and Public Finance
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Jun 28, 2022
Referred to the House Committee on Ways and Means.
Jun 28, 2022
Introduced in House
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 Latest action June 28, 2022

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

National Debt is National Security Act

This bill establishes limits on the amount of public debt that may be held by foreign governments, entities, and individuals.

The bill allows the President to waive the limits if the President determines and reports to Congress that an important national interest requires the waiver.

 Related & companion bills 1
  • S 3801 National Debt is National Security Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Republican 8
R
Boebert, Lauren
Colorado · Jul 5, 2022
 R
Norman, Ralph
South Carolina · Jul 5, 2022
 R
Cline, Ben
Virginia · Jul 1, 2022
 R
Dunn, Neal P.
Florida · Jul 1, 2022
 R
Bilirakis, Gus M.
Florida · Jun 28, 2022
 R
Fallon, Pat
Texas · Jun 28, 2022
Gibbs, Bob
· Jun 28, 2022
 R
Miller-Meeks, Mariannette
Iowa · Jun 28, 2022
 R
Rutherford, John H.
Florida · Jun 28, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8242: National Debt is National Security Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-8242/
MLA
"H.R. 8242: National Debt is National Security Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-8242/.
Bluebook (legal)
H.R. 8242, 117th Cong. (2026), https://openamerica.io/bill/117-HR-8242/.
Markdown link
[H.R. 8242: National Debt is National Security Act](https://openamerica.io/bill/117-HR-8242/)
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