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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.
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51%
VOTING RESULTS
2021-12-15
For 221
Against 209
Abstain 0
Full voting results open_in_new
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Status:
Became Law
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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
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy