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Temporary One-Week Extension of Public Debt Limit

This bill temporarily extends the U.S. government's debt limit for one week, until June 12, 2023. This aims to prevent issues with paying current obligations. It means the government can continue to fund its operations, such as benefit payments or salaries, for this short period.
Key points
The U.S. government's debt limit is extended only until June 12, 2023.
The government can only incur new debt to cover existing commitments that must be paid before June 11, 2023.
The government is prohibited from accumulating extra cash reserves during this period to avoid excessive borrowing before the deadline.
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Expired
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Additional Information
Print number: 118_HR_3750
Sponsor: Rep. Mills, Cory [R-FL-7]
Process start date: 2023-05-30
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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

To provide a 1-week extension of the public debt limit.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3750.

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 2023-05-30.

What are the main provisions?

Key points include:

  • The U.S. government's debt limit is extended only until June 12, 2023.
  • The government can only incur new debt to cover existing commitments that must be paid before June 11, 2023.
  • The government is prohibited from accumulating extra cash reserves during this period to avoid excessive borrowing before the deadline.
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. Mills, Cory [R-FL-7].

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 2025-12-25.

CATEGORIES

Economy