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S. 1882 118th Congress Senate

Debt Ceiling Reform Act

Official title: A bill to amend chapter 31 of title 31, United States Code, to provide procedures for congressional disapproval of the issuance of additional debt.

Introduced: June 8, 2023 Introduced by: Richard J. Durbin Democratic · Illinois See on congress.gov
Economics and Public Finance
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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 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
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 Latest action June 8, 2023

Read twice and referred to the Committee on Finance. (text: CR S2031-2032)

 Plain-English summary Congressional Research Service

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. 

 Related & companion bills 1
  • HR 3953 Identical bill Debt Ceiling Reform Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1882: Debt Ceiling Reform Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-1882/
MLA
"S. 1882: Debt Ceiling Reform Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-1882/.
Bluebook (legal)
S. 1882, 118th Cong. (2026), https://openamerica.io/bill/118-S-1882/.
Markdown link
[S. 1882: Debt Ceiling Reform Act](https://openamerica.io/bill/118-S-1882/)
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