arrow_back Back to App

Debt Ceiling Reform: New Procedures for Debt Approval

The Act amends chapter 31 of the United States Code to provide procedures for congressional disapproval of the issuance of additional debt. The President is required to submit a certification when the debt approaches a specific threshold and borrowing is needed to meet existing commitments. Unless Congress enacts a joint resolution of disapproval within 50 days, the United States may issue additional debt.
Key points
The President must submit a certification to Congress when the debt is within $100 billion of a specific increment.
The United States may issue additional debt after certification unless Congress enacts a resolution of disapproval.
Congress has 50 calendar days to enact a joint resolution disapproving the President's request.
The Act establishes expedited legislative procedures in the House and Senate for considering the disapproval resolution.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_6724
Sponsor: Rep. Boyle, Brendan F. [D-PA-2]
Process start date: 2022-02-15
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
AI work logs for this document launch

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_6724.

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 2022-02-15.

What are the main provisions?

Key points include:

  • The President must submit a certification to Congress when the debt is within $100 billion of a specific increment.
  • The United States may issue additional debt after certification unless Congress enacts a resolution of disapproval.
  • Congress has 50 calendar days to enact a joint resolution disapproving the President's request.
  • The Act establishes expedited legislative procedures in the House and Senate for considering the disapproval resolution.
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: Introduced in House

Is this summary verified?

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

CATEGORIES

Economy Courts and Law