118th Congress · SENATE BILLBILL

S. 1190 — End the Threat of Default Act

“A bill to repeal the debt ceiling, and for other purposes.”

Economics and public finance

Introduced Apr 19, 2023

Last action Apr 19, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 19, 2023

Step 2

Referred

Apr 19, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill repeals the statutory debt limit, which limits the amount of money that the federal government may borrow.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Apr 19, 2023

Introduced in Senate

Apr 19, 2023

Read twice and referred to the Committee on Finance.