Full Faith and Credit Act This bill requires the Department of the Treasury to prioritize certain obligations if the federal debt limit is reached and provides for a limited increase in the debt limit to fund these priorities. If the federal government reaches the debt limit, the following obligations must be given equal priority over all other federal obligations: the principal and interest on the debt held by the public; Social Security benefits; pay and allowances for members of the Armed Forces on active duty and members of the U.S. Coast Guard; compensation, pensions, and payments for medical services provided by the Department of Veterans Affairs, and the Medicare programs. If the debt limit has been reached and incoming revenue will be insufficient to pay the priority obligations over an upcoming two-week period, the bill requires (1) Treasury to notify Congress of the expected revenue shortfall for the two-week period, and (2) the debt limit to be increased by the amount of the expected shortfall. If the incoming revenue exceeds the expected shortfall, the excess revenue must be held in reserve and applied to the following two-week period.
End the Threat of Default Act This bill repeals the statutory debt limit, which limits the amount of money that the federal government may borrow.
A bill to extend the National Flood Insurance Program through December 31, 2026.
An original resolution authorizing expenditures by committees of the Senate for the periods March 1, 2023, through September 30, 2023, October 1, 2023, through September 30, 2024, and October 1, 2024, through February 28, 2025.
Extending Limits of United States Customs Waters Act of 2023 This bill extends the customs waters territory of the United States. Under current law, customs waters means waters within four leagues of the coast of the United States. This bill revises the definition to include (1) the territorial sea of the United States to the limits permitted by international law in accordance with Presidential Proclamation 5928, dated December 27, 1988, that extended such limits to 12 nautical miles from the baselines of the United States; and (2) the contiguous zone of the United States to the limits permitted by international law in accordance with Presidential Proclamation 7219, dated September 2, 1999, that extended such limits to 24 nautical miles from the baselines of the United States.
Administrative Pay-As-You-Go Act of 2023
To extend the National Flood Insurance Program through December 31, 2026.
To provide a 1-week extension of the public debt limit.
Debt-Free College Act of 2023