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Debt Ceiling Reform: Treasury Secretary Gains Authority to Increase Public Debt Limit

This act aims to streamline public debt management by granting the Secretary of the Treasury the authority to independently raise the debt limit. This means the government can respond more swiftly to financial needs, potentially impacting economic stability and the availability of funds for public services, without requiring repeated Congressional votes.
Key points
The U.S. Treasury Secretary is authorized to independently increase the public debt limit.
This change aims to improve government financial management and prevent potential crises related to reaching the debt ceiling.
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Expired
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Additional Information
Print number: 117_HR_5415
Sponsor: Rep. Boyle, Brendan F. [D-PA-2]
Process start date: 2021-09-29
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Debt Ceiling Reform Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5415.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-09-29.

What are the main provisions?

Key points include:

  • The U.S. Treasury Secretary is authorized to independently increase the public debt limit.
  • This change aims to improve government financial management and prevent potential crises related to reaching the debt ceiling.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Boyle, Brendan F. [D-PA-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy Public Investments