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HR 187 · 118th Congress

Default Prevention Act

# Plain Language Summary: 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…

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

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