119th Congress
S. 4629
Government Bailout Prevention Act
- Introduced
- In committee
- Passed Senate
- Passed House
- To President
- Became law
- Sponsor
- Todd Young(R-IN)
- Introduced
- May 21, 2026
- Policy area
- Economics and Public Finance
- Committees
- Senate Committee on Banking, Housing, and Urban Affairs
- Official text
- Introduced in Senate · Congress.gov page
Cosponsors (6)
Original cosponsors (1)
- Tom Cotton (R-AR)
Added later (5)
- Mike Crapo (R-ID) · Jun 9, 2026
- Roger Marshall (R-KS) · Jun 9, 2026
- Tim Sheehy (R-MT) · Jun 9, 2026
- John Cornyn (R-TX) · Jun 18, 2026
- G000359 · Jun 24, 2026
Summary
No Congressional Research Service summary yet. CRS usually publishes one a few weeks after a bill is introduced.
Official title: A bill to prohibit the provision of Federal funds to State and local governments and school districts for payment of obligations, to prohibit the Federal Reserve banks, the Department of the Treasury, and other Federal agencies from financially assisting State and local governments and school districts that have defaulted on their obligations, and for other purposes.
Latest action(May 21, 2026): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Roll-call votes
No recorded votes on this bill.
Actions
- May 21, 2026 · Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. - May 21, 2026
Introduced in Senate