Skip to main content
S 1395 118th Congress Senate

A bill to temporarily suspend the debt limit through December 31, 2024.

Introduced: May 1, 2023 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
Economics and Public Finance
Sign in to write a letter Sign in to watch
This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
May 2, 2023
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 40.
May 1, 2023
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text: CR S1443)
May 1, 2023
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action May 2, 2023

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 40.

 Plain-English summary Congressional Research Service

This bill suspends the federal debt limit through December 31, 2024, and increases the limit on January 1, 2025, to accommodate the obligations issued during the suspension period.

The adjustments to the debt limit for obligations issued during the suspension period are limited to obligations necessary to fund a commitment incurred by the federal government that required payment before January 1, 2025. 

 

 Related & companion bills 1
  • HR 3746 Related bill Fiscal Responsibility Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Cosponsors 3
All 3 Democratic 3
D
Murray, Patty
Washington · May 1, 2023
 D
Whitehouse, Sheldon
Rhode Island · May 1, 2023
 D
Wyden, Ron
Oregon · May 1, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1395: A bill to temporarily suspend the debt limit through December 31, 2024.. 118th Congress. Open America. https://openamerica.io/bill/118-S-1395/
MLA
"S. 1395: A bill to temporarily suspend the debt limit through December 31, 2024.." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-1395/.
Bluebook (legal)
S. 1395, 118th Cong. (2026), https://openamerica.io/bill/118-S-1395/.
Markdown link
[S. 1395: A bill to temporarily suspend the debt limit through December 31, 2024.](https://openamerica.io/bill/118-S-1395/)
Report a problem