To prohibit the provision of Federal funds to State and local governments and school districts for payment of obligations, to prohibit the Federal Reserve banks, the Department of the Treasury, and other Federal agencies from financially assisting State and local governments and school districts that have defaulted on their obligations, and for other purposes.
119th Congress
Introduced Jun 15, 2026
Analysis pending: Bill-level context not yet generated. Clause-by-clause analysis may still be available below.
Sponsors
Legislative Progress
In Committee
Introduced
Committee
Passed
Jun 15, 2026
Referred to the Committee on Oversight and Government Reform, and …
Jun 15, 2026
Introduced in House
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology