About the bill
On September 29, 2021, this bill became a House proposal to temporarily suspend the public debt limit through December 16, 2022. The Senate amended the bill on October 7, 2021 to be an increase in the public debt limit in an amount, $480 billion, that was projected by the Treasury Department to be the amount of debt needed through early December 2021 to not reach the public debt limit.
The Treasury Department had forecast that the federal government would hit the debt limit, i.e. run out of money to pay back existing debts, government salaries, and other pre-existing obligations, on October 18, 2021, creating the potential for a severe economic crisis. Failure to pay back existing debts risked a global loss of confidence in the U.S. economy and hampering the …
Sponsor and status
Enacted — Signed by the President on Oct 14, 2021
This bill was enacted after being signed by the President on October 14, 2021.
Sherrod Brown was the sponsor of this bill when it was introduced on Apr 22, 2021, but the bill’s text was subsequently replaced with unrelated provisions.
Read Text »
Last Updated: Oct 13, 2021
Length: 1 page
2 Cosponsors (2 Republicans)
What legislators are saying
“Westerman Statement on Vote to Raise the Debt Ceiling”
— Rep. Bruce Westerman [R-AR4] on Sep 29, 2021
S. 1301 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.
Bills numbers restart every two years. That means there are other bills with the number S. 1301. This is the one from the 117th Congress.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2022). S. 1301 — 117th Congress: [Increase of Public Debt Limit]. Retrieved from https://www.govtrack.us/congress/bills/117/s1301
“S. 1301 — 117th Congress: [Increase of Public Debt Limit].” www.GovTrack.us. 2021. August 9, 2022 <https://www.govtrack.us/congress/bills/117/s1301>
[Increase of Public Debt Limit], Pub. L. No. 117-50, S. 1301, 117th Cong. (2021).
|title=S. 1301 (117th)
|accessdate=August 9, 2022
|author=117th Congress (2021)
|date=April 22, 2021
|quote=[Increase of Public Debt Limit]
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.