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

Summary

This bill suspends the federal debt limit through June 12, 2023, and requires the debt limit to be increased to accommodate certain obligations issued during the suspension period. The adjustments to the debt limit for obligations issued during the suspension period are limited to obligations necessary to fund a commitment incurred by the federal government that required payment before June 11, 2023. The bill also prohibits the Department of the Treasury from issuing obligations during the suspension period for the purpose of increasing the cash balance above normal operating balances in anticipation of the expiration of the suspension period. 

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 May 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 May 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 30 May 2023

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.