US HB2185 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Republican 8-0)
Status: Introduced on April 30 2015 - 25% progression, died in committee
Action: 2015-04-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 30 2015 - 25% progression, died in committee
Action: 2015-04-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Debt Limit Control and Accountability Act of 2015 This bill prohibits the Department of the Treasury from using extraordinary measures either to prevent the United States from reaching the statutory debt limit or once the debt limit has been reached. Under the bill, extraordinary measures are: suspending investments of the Thrift Savings Plan G Fund or the Exchange Stabilization Fund; suspending the issuance of new securities to the Civil Service Retirement and Disability Fund and Postal Service Retiree Health Benefits Fund; redeeming early securities held by the Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits Fund; suspending the issuance of new State and Local Government Series securities and savings bonds; replacing Treasury securities subject to the debt limit with debt issued by the Federal Financing Bank; or any other extraordinary actions taken by Treasury to avoid defaulting on the obligations of the United States. The bill also repeals statutory provisions that established procedures for presidential modification of the debt ceiling.
Title
Debt Limit Control and Accountability Act of 2015
Sponsors
Rep. Mark Sanford [R-SC] | Rep. Steven Palazzo [R-MS] | Rep. Ron DeSantis [R-FL] | Rep. Mick Mulvaney [R-SC] |
Rep. Scott Perry [R-PA] | Rep. Raul Labrador [R-ID] | Rep. Mark Meadows [R-NC] | Rep. Jeff Duncan [R-SC] |
History
Date | Chamber | Action |
---|---|---|
2015-04-30 | House | Referred to the House Committee on Ways and Means. |
2015-04-30 | House | Introduced in House |
Subjects
Budget deficits and national debt
Economics and public finance
Employee benefits and pensions
Financial services and investments
Government employee pay, benefits, personnel management
Government trust funds
Health care costs and insurance
Postal service
Presidents and presidential powers, Vice Presidents
Securities
State and local finance
Economics and public finance
Employee benefits and pensions
Financial services and investments
Government employee pay, benefits, personnel management
Government trust funds
Health care costs and insurance
Postal service
Presidents and presidential powers, Vice Presidents
Securities
State and local finance
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/2185/all-info |
Text | https://www.congress.gov/114/bills/hr2185/BILLS-114hr2185ih.pdf |