To provide a 1-week extension of the public debt limit.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 30, 2023)
This bill suspends the federal debt limit through June 12, 2023, and requires the debt limit to be increased to accommodate certain obligations issued during the suspension period.
The adjustments to the debt limit for obligations issued during the suspension period are limited to obligations necessary to fund a commitment incurred by the federal government that required payment before June 11, 2023.
The bill also prohibits the Department of the Treasury from issuing obligations during the suspension period for the purpose of increasing the cash balance above normal operating balances in anticipation of the expiration of the suspension period.
What just happenedMay 30, 2023
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseMay 30, 2023
- May 30, 2023IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 30, 2023IntroReferralIntro-H
Introduced in House
- May 30, 2023IntroReferral1000
Introduced in House