Limiting Foreign Ownership of U.S. National Debt for Security.
This bill establishes strict new limits on how much U.S. national debt can be held by foreign governments, entities, and individuals. The goal is to enhance national security by reducing financial reliance on foreign actors. The total foreign-held debt is capped at 25% of the national debt, with a further limit of 5% for any single foreign country.
Key points
A cumulative cap is set: foreign governments and citizens combined cannot hold more than 25% of the total U.S. national debt.
A country-specific limit is established: no single foreign nation can hold more than 5% of the total U.S. national debt.
The President retains the power to temporarily waive these limits if deemed necessary for important national interests, requiring detailed notification to Congress.
Status:
Expired
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