Bills · HR 4634
IN COMMITTEE· 119TH CONGRESS
House BillHR 4634Economics and Public Finance
Debt Ceiling Reform Act
INTRO JUL 23· LAST ACTION JUL 23
READING
12MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenVoters should care about this bill because it aims to prevent a national debt default, which could have severe consequences for the economy, including higher interest rates, a decline in the value of the dollar, and a potential global financial crisis. Currently, the debt ceiling is often used as a political bargaining chip, leading to standoffs that create uncertainty and risk. If this bill becomes law, it would significantly reduce the likelihood of political brinkmanship around the debt ceiling, as the default trigger would be a failure to act by Congress rather than a requirement to act. If it doesn't pass, the current system remains, where Congress must vote to raise or suspend the debt ceiling, maintaining the potential for future debt ceiling crises and the associated economic instability.
KEY PROVISIONS
4AI-extractedPROVISION 01
Allows the Secretary of the Treasury to propose suspending the debt ceiling for up to two years when needed to meet government obligations.
This gives the Treasury a proactive mechanism to avoid a default without immediate Congressional approval.
PROVISION 02
Congress has 45 days to pass a specific "disapproval resolution" to block the Treasury Secretary's proposed debt ceiling suspension.
This shifts the burden of action from approving a raise to disapproving a suspension, changing the political dynamics.
PROVISION 03
If Congress does not pass a disapproval resolution within 45 days, the debt ceiling is automatically suspended for the period specified by the Treasury Secretary.
This ensures the government can continue to pay its bills even if Congress fails to act on a disapproval resolution.
PROVISION 04
Sets up expedited procedures for Congress to consider the disapproval resolution, including strict deadlines, limited debate, and no amendments.
This is designed to ensure a swift vote on the disapproval resolution, preventing delays.
SPONSORSHIP
1 + 0
D· Pennsylvania
YRS IN OFFICE
11
BILLS LED
21
ACTION TIMELINE
2 EVENTSJUL 23
Introduced in House
JUL 23
Referred to the Committee on Ways and Means, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
BILL INFO
TypeHouse Bill
NumberHR 4634
Congress119th
StatusIn Committee
IntroducedJul 23, 2025
Last actionJul 23, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED JUL 23, 2025
House BillHR 4634Economics and Public Finance
Debt Ceiling Reform Act
INTRODUCED JUL 23, 2025· LAST ACTION JUL 23, 2025
PASSAGE CHANCES
—%
READING
12 min
COSPONSORS
0
COMPLEXITY
Moderate
