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Bill > S2868


US S2868

A bill to temporarily extend the public debt limit until December 16, 2022.


summary

Introduced
09/28/2021
In Committee
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To temporarily extend the public debt limit until December 16, 2022.

AI Summary

This bill temporarily extends the public debt limit until December 16, 2022. It suspends the debt ceiling limit that restricts the amount of money the federal government can borrow to pay its existing obligations. This will allow the government to continue borrowing and paying its bills during this period. After December 16, 2022, the debt limit will be increased to the extent necessary to cover any new debt obligations incurred during the extension period, but only for obligations that were necessary to fund existing government commitments.

Sponsors (1)

Last Action

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 138. (on 09/29/2021)

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