Pipeline · Bill → Law
Step 1
Introduced
Jan 9, 2023
Step 2
Referred
Jan 9, 2023
Ways & Means
Step 3
Committee
Mar 9, 2023
Reported out
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill requires the Department of the Treasury to continue borrowing to pay the principal and interest on obligations held by the public or the Social Security trust funds if the federal debt limit is reached. The bill also (1) exempts any obligations issued under this bill from the debt limit if the obligations would otherwise cause the limit to be exceeded, and (2) prohibits the obligations from being used to compensate Members of Congress.
Timeline · 6 actions
Jan 9, 2024
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-340.
Jan 9, 2024
Placed on the Union Calendar, Calendar No. 279.
Mar 9, 2023
Committee Consideration and Mark-up Session Held.
Mar 9, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 21 - 17.
Jan 9, 2023
Introduced in House
Jan 9, 2023
Referred to the House Committee on Ways and Means.