# 117-hr-8242: National Debt is National Security Act

117-hr-8242, National Debt is National Security Act, is a 117th Congress bill sponsored by Rep. Franklin, Scott [R-FL-18] (R-FL); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/117-hr-8242
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-8242
- Congress: 117
- Title: National Debt is National Security Act
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2022-06-28
- Sponsor: Rep. Franklin, Scott [R-FL-18] (R-FL)
- Cosponsors: 9
- Policy area: Economics and Public Finance
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

National Debt is National Security Act This bill establishes limits on the amount of public debt that may be held by foreign governments, entities, and individuals. The bill allows the President to waive the limits if the President determines and reports to Congress that an important national interest requires the waiver.

## Cosponsors (9)

- Rep. Bilirakis, Gus M. [R-FL-12] (R-FL), 2022-06-28T00:00:00.000Z
- Rep. Gibbs, Bob [R-OH-7] (R-OH), 2022-06-28T00:00:00.000Z
- Rep. Fallon, Pat [R-TX-4] (R-TX), 2022-06-28T00:00:00.000Z
- Rep. Miller-Meeks, Mariannette [R-IA-1] (R-IA), 2022-06-28T00:00:00.000Z
- Rep. Rutherford, John H. [R-FL-5] (R-FL), 2022-06-28T00:00:00.000Z
- Rep. Dunn, Neal P. [R-FL-2] (R-FL), 2022-07-01T00:00:00.000Z
- Rep. Cline, Ben [R-VA-6] (R-VA), 2022-07-01T00:00:00.000Z
- Rep. Boebert, Lauren [R-CO-4] (R-CO), 2022-07-05T00:00:00.000Z
- Rep. Norman, Ralph [R-SC-5] (R-SC), 2022-07-05T00:00:00.000Z

## Related bills

- 117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servicemembers who perished in Afghanistan on August 26, 2021, during the evacuation…
- 117-hjres-72: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by Centers for Disease Control and Prevention rel…
- 117-hres-881: Condemning the heinous terrorist attack on Congregation Beth Israel in Colleyville, Texas, on January 15, 2022.
- 117-hjres-65: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of Labor relating to "COVID-19…
- 117-hr-5854: Illegal Immigrant Payoff Prohibition Act
- 117-hr-5586: Prohibiting IRS Financial Surveillance Act

## Sources
- [117-hr-8242 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/8242)

## Related
- [117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servi…](https://policyrisk.com/legislation/117-hr-5142)
- [117-hjres-72: Providing for congressional disapproval under chapter 8 of title 5, United Stat…](https://policyrisk.com/legislation/117-hjres-72)
- [117-hres-881: Condemning the heinous terrorist attack on Congregation Beth Israel in Colleyvi…](https://policyrisk.com/legislation/117-hres-881)
- [117-hjres-65: Providing for congressional disapproval under chapter 8 of title 5, United Stat…](https://policyrisk.com/legislation/117-hjres-65)
- [117-hr-5854: Illegal Immigrant Payoff Prohibition Act](https://policyrisk.com/legislation/117-hr-5854)
- [117-hr-5586: Prohibiting IRS Financial Surveillance Act](https://policyrisk.com/legislation/117-hr-5586)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-8242 (as of 2025-11-18).