Bill117th CongressFiled Feb 15, 2022Economics and Public Finance
S. 3654
Debt Ceiling Reform Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Feb 15, 2022)
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 Congress passes a joint resolution of disapproval regarding the additional debt, and the joint resolution becomes law.
What just happenedFeb 15, 2022
Read twice and referred to the Committee on Finance. (text: CR S708-710)
Who’s behind it
Sen. Durbin, Richard J. [D-IL](D-IL)Sponsor
1committees2actions1related bills
- Introduced in SenateFeb 15, 2022
- Feb 15, 2022IntroReferral
Read twice and referred to the Committee on Finance. (text: CR S708-710)
Finance Committee - Feb 15, 2022IntroReferral10000
Introduced in Senate