S 3801 · 117th Congress · Economics and Public Finance

National Debt is National Security Act

Introduced 2022-03-10· Sponsored by Sen. Ernst, Joni [R-IA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2022-03-10)

Plain Language Summary

[AI summary unavailable — showing source text] National Debt is National Security Act This bill establishes limits on the amount of public debt that may be held by foreign governments, entities, and individuals. The bill allows the President to waive the limits if the President determines and reports to Congress that an important national interest requires the waiver.…

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

Cosponsors (2)

2 Republicans
Sen. Braun, Mike [R-IN]IN
Sen. Cassidy, Bill [R-LA]LA