Debt Limit Control and Accountability Act of 2015

Summary

Debt Limit Control and Accountability Act of 2015 This bill prohibits the Department of the Treasury from using extraordinary measures either to prevent the United States from reaching the statutory debt limit or once the debt limit has been reached. Under the bill, extraordinary measures are: suspending investments of the Thrift Savings Plan G Fund or the Exchange Stabilization Fund; suspending the issuance of new securities to the Civil Service Retirement and Disability Fund and Postal Service Retiree Health Benefits Fund; redeeming early securities held by the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund; suspending the issuance of new State and Local Government Series securities and savings bonds; replacing Treasury securities subject to the debt limit with debt issued by the Federal Financing Bank; or any other extraordinary actions taken by Treasury to avoid defaulting on the obligations of the United States. The bill also repeals statutory provisions that established procedures for presidential modification of the debt ceiling.

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Timeline

1. 30 April 2015

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 30 April 2015

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 April 2015

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 30 April 2015 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 April 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 April 2015

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 30 April 2015

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Sanford, Mark [R-SC-1] · R · Sponsor
• Rep. Palazzo, Steven M. [R-MS-4] · R · Sponsor
• Rep. DeSantis, Ron [R-FL-6] · R · Sponsor
• Rep. Mulvaney, Mick [R-SC-5] · R · Sponsor
• Rep. Perry, Scott [R-PA-10] · R · Sponsor
• Rep. Labrador, Raul R. [R-ID-1] · R · Sponsor
• Rep. Meadows, Mark [R-NC-11] · R · Sponsor
• Rep. Duncan, Jeff [R-SC-3] · R · Cosponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.