Summary: H.R.1245 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.1245. Bill summaries are authored by CRS.

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Introduced in House (03/04/2015)

Fiscal Sanity Act for the National Debt

This bill suspends the public debt limit for the period beginning on the date of enactment of this Act and ending 330 days later. The debt limit, often referred to as the debt ceiling, is the maximum amount of debt that the Department of the Treasury can issue to the public and to other federal agencies. Under current law, the debt limit is suspended through March 15, 2015.