summary
Introduced
05/30/2023
05/30/2023
In Committee
05/30/2023
05/30/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To provide a 1-week extension of the public debt limit.
AI Summary
This bill provides a 1-week extension of the public debt limit, which is the maximum amount of debt the U.S. government can legally owe. The bill suspends the debt limit from the date of enactment until June 12, 2023, and allows the Treasury Secretary to issue additional debt obligations to cover existing commitments during that period. However, the bill prohibits the Treasury from using the extension to build up a cash reserve in anticipation of the expiration of the extension.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to the House Committee on Ways and Means. (on 05/30/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/3750/all-info |
| BillText | https://www.congress.gov/118/bills/hr3750/BILLS-118hr3750ih.pdf |
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