S 1553
End the Threat of Default Act
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Bill overview
This bill, the End the Threat of Default Act, seeks to eliminate the debt ceiling, a limit on the total amount of money the U.S. government can borrow. It achieves this by repealing specific sections of the United States Code related to the debt ceiling and making changes to how the government can issue debt. The bill also includes provisions to maintain existing regulations regarding debt issuance suspensions.
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