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Debt Ceiling Reform: New Congressional Control Over National Debt

This act introduces new rules for how Congress can respond to the need to raise the national debt limit. Its aim is to increase oversight of public spending and ensure that decisions about additional borrowing are made more transparently and with citizen representation. In practice, this means citizens can expect more debate and potentially quicker decisions on national financial matters.
Key points
The Treasury Department must notify Congress when the debt approaches its limit, triggering a special procedure.
Congress gains the ability to quickly vote on disapproving debt limit increases, giving it more control.
Expedited procedures will be implemented in the House and Senate to swiftly address debt issues.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_3953
Sponsor: Rep. Boyle, Brendan F. [D-PA-2]
Process start date: 2023-06-09
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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

Debt Ceiling Reform Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3953.

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 2023-06-09.

What are the main provisions?

Key points include:

  • The Treasury Department must notify Congress when the debt approaches its limit, triggering a special procedure.
  • Congress gains the ability to quickly vote on disapproving debt limit increases, giving it more control.
  • Expedited procedures will be implemented in the House and Senate to swiftly address debt issues.
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 2025-12-25.

CATEGORIES

Economy Courts and Law Public Investments