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Limits on US Debt Held by Foreign Entities: National Security

This bill aims to limit how much U.S. debt foreign governments, entities, and individuals can hold. This is intended to enhance the nation's financial security. Citizens might experience indirect effects on economic stability and foreign policy.
Key points
The act sets a limit: no more than one-fourth of U.S. debt can be held by foreign entities.
Additionally, no single foreign country can hold more than 5% of the total U.S. debt.
The President can temporarily waive these limits in important situations, notifying Congress.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_8242
Sponsor: Rep. Franklin, C. Scott [R-FL-15]
Process start date: 2022-06-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

National Debt is National Security Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8242.

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 2022-06-28.

What are the main provisions?

Key points include:

  • The act sets a limit: no more than one-fourth of U.S. debt can be held by foreign entities.
  • Additionally, no single foreign country can hold more than 5% of the total U.S. debt.
  • The President can temporarily waive these limits in important situations, notifying Congress.
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. Franklin, C. Scott [R-FL-15].

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 2025-12-28.

CATEGORIES

Economy Security Public Investments