To establish limitations on the amount of debt issued by the United States which may be held by foreign governments, entities, and individuals.
Summary
What This Bill Does
The bill requires limit on public debt held by foreign governments, entities, and individuals Subchapter I of chapter 31 of title 31, United States Code, is amended by inserting after section 3113 the following: 3114.Limit on and requires limit on public debt held by foreign governments, entities, and individuals Notwithstanding any other provision of this chapter, the amount of the national debt which is cumulatively held by foreign. It relies on definition changes, reporting requirements, compliance mandates, and exemptions. The main policy areas are Foreign Businesses and Foreign Policy.
Who Benefits and How
Foreign businesses and cross-border trade participants affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Requires limit on public debt held by foreign governments, entities, and individuals Subchapter I of chapter 31 of title 31, United States Code, is amended by inserting after section 3113 the following: 3114.Limit on...
- Requires limit on public debt held by foreign governments, entities, and individuals Notwithstanding any other provision of this chapter, the amount of the national debt which is cumulatively held by foreign...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires limit on public debt held by foreign governments, entities, and individuals Subchapter I of chapter 31 of title 31, United States Code, is amended by inserting after section 3113 the following: 3114.Limit on and requires limit on public debt held by foreign governments, entities, and individuals Notwithstanding any other provision of this chapter, the amount of the national debt which is cumulatively held by foreign.
Key Policy Areas
Foreign Businesses, Foreign Policy
Primary Purpose
The bill requires limit on public debt held by foreign governments, entities, and individuals Subchapter I of chapter 31 of title 31, United States Code, is amended by inserting after section 3113 the following: 3114.Limit on and requires limit on public debt held by foreign governments, entities, and individuals Notwithstanding any other provision of this chapter, the amount of the national debt which is cumulatively held by foreign.
Policy Domains
Whole bill
Identified Gains
- Foreign businesses and cross-border trade participants affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
Legislative Progress
IntroducedMr. C. Scott Franklin of Florida introduced the following bill; …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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