legislation: 114-hr-3774

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
114-hr-3774 114 hr 3774 Protect America's Credit Act of 2015 Economics and Public Finance 2015-10-20 2015-10-20 Referred to the House Committee on Ways and Means. House Rep. Peters, Scott H. [D-CA-52] CA D P000608 1 Protect America's Credit Act of 2015 This bill revises the statutory debt limit to: (1) apply the limit only to debt held by the public, and (2) require annual adjustments to the limit to account for increases in the gross domestic product. (Under current law, the debt limit applies to debt held by the public and debt held by government accounts. Debt held by the public consists mainly of securities issued by the Treasury and held by investors. Debt held by the government is debt issued to the federal government's trust funds for programs such as Social Security, Medicare, and military and civil service retirement benefits.) 2023-01-11T13:29:38Z  

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