H.R. 3953 · 118th Congress · House

Debt Ceiling Reform Act

Active· 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 Sp…
Introduced
Jun 9, 23
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

Debt Ceiling Reform Act

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. 

Action Timeline

4
  1. JUN 09, 2023•IntroReferral

    Introduced in House

  2. JUN 09, 2023•IntroReferral

    Introduced in House

  3. JUN 09, 2023•IntroReferral

    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.

  4. JUN 09, 2023•IntroReferral

    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.

Committees

2

Rules Committee

hsru00

Referred: Jun 9, 2023

Active

Ways and Means Committee

hswm00

Referred: Jun 9, 2023

Active