Expressing the sense of the House of Representatives that Congress should cut the United States' true debt…

Full title

Expressing the sense of the House of Representatives that Congress should cut the United States' true debt burden by reducing home mortgage balances, forgiving student loans, and bringing down overall personal debt.

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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D ClarkeSponsor

17 cosponsors · 17 D

0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Expresses the sense of the House of Representatives that: (1) reducing the rate of personal debt is as vital to our economic health as addressing the federal debt and debt limit; and (2) Congress should cut our true debt burden by reducing home mortgage balances, forgiving student loans, and bringing down overall personal debt.

What it does: CRS summary · Introduced in House · Jul 22, 2011

Declares that helping U.S. citizens become free of debt to promote personal financial security and to strengthen the nation's economy should be a top priority of the United States.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Expressing the sense of the House of Representatives that Congress should cut the United States' true debt burden by reducing home mortgage balances, forgiving student loans, and bringing down overall personal debt.

Latest action (Jul 22, 2011): Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Policy area: Economics and Public Finance · Origin: House · Introduced: Jul 22, 2011

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.