Docket
118th Congress · HOUSE BILLBILL

H.R. 3953 — Debt Ceiling Reform Act

“To amend chapter 31 of title 31, United States Code, to provide procedures for congressional disapproval of the issuance of additional debt.”

Economics and public finance
Introduced Jun 9, 2023
Last action Jun 9, 2023
Pipeline · Bill → Law
Step 1
Introduced
Jun 9, 2023
Step 2
Referred
Jun 9, 2023
Rules · Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill replaces the existing federal debt limit with procedures that allow the Department of the Treasury to continue issuing additional debt unless a joint resolution of disapproval regarding the additional debt is enacted into law. The bill also requires Congress to consider the joint resolution using specified expedited legislative procedures. 

Provisions · 4 sectionsIntroduced in House
Timeline · 3 actions
Jun 9, 2023
Introduced in House
Jun 9, 2023
Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jun 9, 2023
Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.