S 5480
118th Congress
Senate
Economics and Public Finance
End the Threat of Default Act of 2024
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 11, 2024
Read twice and referred to the Committee on Finance.
Dec 11, 2024
Introduced in Senate
Plain-English summary
End the Threat of Default Act of 2024
This bill repeals the statutory debt limit. (The debt limit is the amount of money that the Department of the Treasury may borrow to fund federal operations.)
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1