S. 540 - Amendment: Amendment to S. 540, Temporary Debt Limit Extension Act

S. 540

Amendment to S. 540, Temporary Debt Limit Extension Act

Sponsor
Sen. Bernard Sanders

Date
February 11, 2014 (113th Congress, 2nd Session)

Staff Contact
Communications

Floor Situation

On Tuesday, February 11, 2014, the House will consider an amendment to S. 540, the Temporary Debt Limit Extension Act, under a closed rule. 

Bill Summary

The amendment to S. 540 suspends the debt ceiling through March 15, 2015 and continues to allow the Secretary of Treasury to employ extraordinary measures.  

Background

On October 16, 2013, the House concurred in the Senate amendment to H.R. 2775, by a vote of 285-144. (See Roll Call #550). Among other things, the amendment suspended the debt ceiling through February 7, 2014. Early this month, Secretary Lew wrote to the Speaker of the House indicating that the Department of Treasury would exhaust extraordinary measures some time prior to February 27, 2014.  

Cost

A CBO estimate is not available.

Additional Information

For questions or further information contact the GOP Conference at 5-5107.