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H.R. 3693: To repeal the debt ceiling.

About the bill

What happens if Congress doesn’t raise the debt ceiling by December 8? Basic government expenditures like Social Security checks might not go out, the nation’s credit rating could get downgraded, and borrowing money could be subject to much higher interest rates.

A Pennsylvania representative has a solution: eliminate the debt ceiling entirely.

What just happened in 2017

Congress faced a pressing deadline with huge consequences: the debt ceiling needed to be raised by September 29.

If that didn’t happen, essentially the government would have “run out of ...

Sponsor and status

Brendan Boyle

Sponsor. Representative for Pennsylvania's 13th congressional district. Democrat.

Read Text »
Last Updated: Sep 7, 2017
Length: 1 pages
Introduced:

Sep 7, 2017

Status:

Introduced on Sep 7, 2017

This bill is in the first stage of the legislative process. It was introduced into Congress on September 7, 2017. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Prognosis:

7% chance of being enacted according to Skopos Labs (details)

History

Sep 7, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Pending
 
Ordered Reported

Pending
 
Passed House (Senate next)

Pending
 
Passed Senate

Pending
 
Signed by the President

H.R. 3693 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 3693 — 115th Congress: To repeal the debt ceiling.” www.GovTrack.us. 2017. November 23, 2017 <https://www.govtrack.us/congress/bills/115/hr3693>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.