HR 3305
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 amendments to several related laws, including the Congressional Budget Act, the Federal Deposit Insurance Act, and the Social Security Act. The goal is to remove a potential obstacle to the government's ability to meet its financial obligations.
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Primary sponsor
Cosponsors
Bobby L. Rush
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