S 1882
118th Congress
Senate
Economics and Public Finance
Debt Ceiling Reform Act
Introduced: June 8, 2023
Introduced by:
Durbin, Richard J.
Democratic
· Illinois
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 8, 2023
Read twice and referred to the Committee on Finance. (text: CR S2031-2032)
Jun 8, 2023
Introduced in Senate
Plain-English summary
Debt Ceiling Reform Act
This bill replaces the existing federal debt limit with procedures that allow the Department of the Treasury to continue issuing additional debt unless a joint resolution of disapproval regarding the additional debt is enacted into law. The bill also requires Congress to consider the joint resolution using specified expedited legislative procedures.
What's happening now
Read twice and referred to the Committee on Finance. (text: CR S2031-2032)
Committees of jurisdiction
1