To repeal the debt ceiling, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To repeal the debt ceiling, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Social Welfare.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H15C8189749DF4678923520DA960176D3: 1. Short title This Act may be cited as the End the Threat of Default Act of 2024.
- Section H4D3A599F86634CB0B9D85A52E4E4774E: 2. Repeal of debt ceiling Section 3101 of title 31, United States Code, is repealed. Section 301(b)(5) of the Congressional Budget Act of 1974 (2 U.S.C....
- Section id9a2b194b76d54e10b0c7fb87a7465dde: 3. Effective date This Act and the amendments made by this Act shall take effect on the date that is 7 days after the date of enactment of this Act.
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
This bill, To repeal the debt ceiling, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Government Operations, Social Welfare
Primary Purpose
This bill, To repeal the debt ceiling, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Schatz (for himself, Mr. Durbin, Mr. Whitehouse, Mr. Bennet, …
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?
- "secretary_of_treasury"
- → Secretary of the Treasury
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