Debt Ceiling Alternative Act
Summary
Debt Ceiling Alternative Act This bill establishes requirements and authorities for notifying Congress, issuing bonds, proposing rescissions, and selling assets if the debt limit will be reached. The Department of the Treasury must notify Congress if it estimates that the U.S. debt will reach the statutory debt limit during a quarter. After Congress is notified,...
Bill has been introduced and assigned a number
Sponsor
Mr. Schweikert
House (R) Arizona – 1
Cosponsors (3)
Topics
Latest Action
Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, the Budget, and Rules, 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.
Nov 14, 2019