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End Debt Ceiling: Ensuring Government Financial Stability and Preventing Default

This bill aims to eliminate the U.S. government's debt ceiling. This means the government will no longer face the risk of hitting a "debt limit," which has historically led to political disputes and the threat of default. For citizens, this implies greater economic stability and reduced risk of disruptions to public services, such as benefit payments or salaries.
Key points
The bill repeals the existing government debt ceiling to prevent future crises related to its breach.
The changes aim to ensure continuous funding for government operations, including pension payments and other obligations.
Eliminating the debt ceiling is intended to reduce economic uncertainty and the risk of negative consequences for financial markets and citizens.
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Expired
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Additional Information
Print number: 118_HR_415
Sponsor: Rep. Foster, Bill [D-IL-11]
Process start date: 2023-01-20
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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

End the Threat of Default Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_415.

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 2023-01-20.

What are the main provisions?

Key points include:

  • The bill repeals the existing government debt ceiling to prevent future crises related to its breach.
  • The changes aim to ensure continuous funding for government operations, including pension payments and other obligations.
  • Eliminating the debt ceiling is intended to reduce economic uncertainty and the risk of negative consequences for financial markets and citizens.
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. Foster, Bill [D-IL-11].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Health.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy Public Investments