All Roll Calls
Yes: 321 • No: 307
117-sjres-33117th CongressWALLET
A joint resolution relating to increasing the debt limit.
Sponsored By: Senator Schumer, Charles E. [D-NY]
Became Law
Summary
Raises the federal statutory debt limit by $2.5 trillion. This law increases the ceiling established by prior statute and gives the Treasury additional borrowing authority up to the new total.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Federal debt limit raised to keep checks going
The law raises the federal borrowing limit by $2.5 trillion. It takes effect upon enactment. Treasury can keep paying Social Security, Medicare, military, and other federal bills on time. This helps avoid a payment disruption and broader financial shock.
Sponsors & CoSponsors
Sponsor
Schumer, Charles E. [D-NY]
NY • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
house vote • 12/15/2021
On Passage
Yes: 221 • No: 209
senate vote • 12/14/2021
On the Joint Resolution S.J.Res. 33
Yes: 50 • No: 49
senate vote • 12/14/2021
On the Motion to Proceed S.J.Res. 33
Yes: 50 • No: 49