S.Res. 268 · 116th Congress
A resolution expressing the sense of the Senate that the Federal Government should not bail out any State.
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
CottonSponsorNo cosponsors.
This resolution expresses the sense of the Senate that (1) the federal government should not redeem, assume, or guarantee any debt, including pension obligations, of a state; and (2) the Department of the Treasury should report to Congress any negotiations to engage in actions that would result in an outlay of federal funds on behalf of creditors of a state.
What it does: CRS summary · Introduced in Senate · Jun 27, 2019
This resolution expresses the sense of the Senate that (1) the federal government should not redeem, assume, or guarantee any debt, including pension obligations, of a state; and (2) the Department of the Treasury should report to Congress any negotiations to engage in actions that would result in an outlay of federal funds on behalf of creditors of a state.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A resolution expressing the sense of the Senate that the Federal Government should not bail out any State.
Latest action (Jun 27, 2019): Referred to the Committee on Finance. (text: CR S4636)
Policy area: Government Operations and Politics · Origin: Senate · Introduced: Jun 27, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.