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HR 187 · 118th Congress

Default Prevention Act

This bill creates a workaround for when the United States hits its borrowing limit. Normally, Congress sets a cap on how much money the government can borrow. When that limit is reached, the government can't borrow more money to pay its bills unless Congress votes to raise the limit. This bill says that if we hit th…

Introduced
2023-01-09
Policy area
Economics and Public Finance
Latest action
Placed on the Union Calendar, Calendar No. 279.

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