HR 1241 · 114th Congress · Economics and Public Finance

Fiscal Sanity Act for the National Debt

Introduced 2015-03-04· Sponsored by Rep. Grayson, Alan [D-FL-9]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2015-03-04)

Plain Language Summary

[AI summary unavailable — showing source text] Fiscal Sanity Act for the National Debt This bill suspends the public debt limit for the period beginning on the date of enactment of this Act and ending 210 days later. The debt limit, often referred to as the debt ceiling, is the maximum amount of debt that the Department of the Treasury can issue to the public and to other federal agencies. Under current law, the debt limit is suspended through March 15, 2015.…

Summarized by Claude AI · Non-partisan · For informational purposes only