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S. 2120: Government Bailout Prevention Act

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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?

Context

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 ...

Sponsor and status

Todd Young

Sponsor. Senior Senator for Indiana. Republican.

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Last Updated: Jul 15, 2019
Length: 4 pages
Introduced
Jul 15, 2019
Status

Introduced on Jul 15, 2019

This bill is in the first stage of the legislative process. It was introduced into Congress on July 15, 2019. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Prognosis
4% chance of being enacted according to Skopos Labs (details)
Source

History

Jul 15, 2019
 
Introduced

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

If this bill has further action, the following steps may occur next:
 
Passed Committee

 
Passed Senate

 
Passed House

 
Signed by the President

S. 2120 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:

“S. 2120 — 116th Congress: Government Bailout Prevention Act.” www.GovTrack.us. 2019. September 18, 2019 <https://www.govtrack.us/congress/bills/116/s2120>

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.