119th Congress · SENATE BILLBILL

S. 4629A bill to prohibit the provision of Federal funds to State and local governments and school districts for payment of obligations, to prohibit the Federal Reserve banks, the Department of the Treasury, and other Federal agencies from financially assisting State and local governments and school districts that have defaulted on their obligations, and for other purposes.

A bill to prohibit the provision of Federal funds to State and local governments and school districts for payment of obligations, to prohibit the Federal Reserve banks, the Department of the Treasury, and other Federal agencies from financially assisting State and local governments and school districts that have defaulted on their obligations, and for other purposes.

Introduced May 21, 2026
Last action May 21, 2026
Pipeline · Bill → Law
Step 1
Introduced
May 21, 2026
Step 2
Referred
May 21, 2026
Banking, Housing, and Urban Affairs
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryNo summary available

No CRS summary available for this bill.

Provisions · 0 sections
No provisions parsed for this bill.
Timeline · 2 actions
May 21, 2026
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 21, 2026
Introduced in Senate