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H.R. 1237

Fiscal Sanity Act for the National Debt

Fiscal Sanity Act for the National Debt

This bill suspends the public debt limit for the period beginning on the date of enactment of this Act and ending 90 days later. The debt limit, often referred to as the debt ceiling, is the maximum amount of debt that the Department of the Treasury can issue to the public and to other federal agencies. Under current law, the debt limit is suspended through March 15, 2015.

Referred to the House Committee on Ways and Means.

Rep. Grayson, Alan [D-FL-9](D-FL)Sponsor
1committees3actions11related bills1subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Fiscal Sanity Act for the National Debt — Informed