H.R. 4572 (116th)

Government Bailout Prevention Act

referredUnited States· United States Congress· EN

Introduced

27 September 2019

Last action

27 September 2019 · Introduced

Status

Referred to the Committee on Oversight and Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Summary

Government Bailout Prevention Act This bill prohibits the use of federal funds to purchase or guarantee obligations of, issue lines of credit to, or provide grants to any state (defined to include the District of Columbia and any U.S. territory or possession), municipal, local, or county government that, on or after January 1, 2019, has defaulted on its obligations, is at risk of defaulting, or has filed for bankruptcy. The Department of the Treasury is prohibited from using general fund revenues or borrowed funds to purchase or guarantee any asset or obligation of any such state, municipal, local, or county government. Federal Reserve banks are prohibited from assisting such a state, municipal, local, or county government or other entity with taxing or bonding authority.

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Timeline

27 September 2019
Introduced
Referred to the Committee on Oversight and Reform, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Source: IntroReferral
27 September 2019
Introduced
Introduced in House
Source: IntroReferral
27 September 2019
Introduced
Introduced in House
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in House · 27 September 2019 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 27 September 2019
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Introduced in House (PDF)
Introduced in House · EN · 27 September 2019
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Introduced in House
summary · EN · 27 September 2019
Open at official source
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Related records

related to → Government Bailout Prevention Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/116th-congress/house-bill/4572
Open data entity: https://api.congress.gov/v3/bill/116/hr/4572
us · 116-hr-4572 · source updated 5 December 2025