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US Public Debt Limit Increased by $2.5 Trillion

This law raises the amount the US government can borrow to pay its bills. This prevents a potential financial crisis that could negatively affect the economy and citizens' finances.
Key points
The US government can borrow an additional $2.5 trillion.
The goal is to avoid government default and maintain economic stability.
article Official text account_balance Process page
VOTING RESULTS
2021-12-15
51%
For 221
Against 209
Abstain 0
Full voting results open_in_new
Became Law
Citizen Poll
No votes cast
Additional Information
Print number: 117_SJRES_33
Sponsor: Sen. Schumer, Charles E. [D-NY]
Process start date: 2021-12-14
Voting date: 2021-12-15
Meeting no: 1
Voting no: 449
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

A joint resolution relating to increasing the debt limit.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_SJRES_33.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-12-14.

What are the main provisions?

Key points include:

  • The US government can borrow an additional $2.5 trillion.
  • The goal is to avoid government default and maintain economic stability.
What is the specific legal status?

The current status is Became Law.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Sen. Schumer, Charles E. [D-NY].

What is the latest detailed status?

The latest detailed status is: Became Public Law No: 117-73.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy