skip to main content

S. 2120 (116th): Government Bailout Prevention Act

Call or Write Congress

About the bill

Should the federal government step in to bail out cities, states, or territories which go bankrupt — or leave them to fend for themselves?


In the past decade, 69 cities have declared bankruptcy. No states did so during that time, although several came close during the worst years of the Great Recession. The last state to officially declare bankruptcy was Arkansas during the Great Depression.

Most prominent this year is Puerto Rico, which has been called “the biggest government financial collapse in United States history.” Puerto Rico’s case is not technically a Chapter 9 bankruptcy as is the designation for bankrupt states or cities, because as a U.S. territory it cannot file for Chapter 9 bankruptcy, but is instead euphemistically called a “restructuring” and is many …

Sponsor and status

Todd Young

Sponsor. Senator for Indiana. Republican.

Read Text »
Last Updated: Jul 15, 2019
Length: 4 pages
Jul 15, 2019
116th Congress (2019–2021)
Died in a previous Congress

This bill was introduced on July 15, 2019, in a previous session of Congress, but it did not receive a vote.

Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).


2 Cosponsors (2 Republicans)



Jul 15, 2019

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

S. 2120 (116th) was 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.

Bills numbers restart every two years. That means there are other bills with the number S. 2120. This is the one from the 116th Congress.

This bill was introduced in the 116th Congress, which met from Jan 3, 2019 to Jan 3, 2021. Legislation not passed by the end of a Congress is cleared from the books.

How to cite this information.

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

“S. 2120 — 116th Congress: Government Bailout Prevention Act.” 2019. March 21, 2023 <>

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, the official portal of the United States Congress. is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.