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H.R. 3305 · 117th Congress · 2021–2022

End the Threat of Default Act

H.R. 3305 in the 117th Congress (2021–2022) was introduced on May 18, 2021, sponsored by Bill Foster with 55 co-sponsors.

During the 117th Congress (2021–2022), Joe Biden was president, and Democrats held the House majority and Republicans the Senate majority.

Status
Introduced
Introduced
May 18, 2021
Co-sponsors
55
Policy area
Economics and Public Finance

What it does

End the Threat of Default Act This bill repeals the public debt limit, which applies to most debt held by the federal government.

Summary by the nonpartisan Congressional Research Service.

Sponsor

Bill Foster (D-IL). Co-sponsors: 55 Democrats.

Where it stands

  • IntroducedMay 18, 2021
  • Passed the House—
  • Passed the Senate—
  • Sent to the President—
  • Became law—

Latest action: Referred to the House Committee on Ways and Means. (May 18, 2021)

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From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.

Cite or embed this page

Capitol Receipts, “H.R. 3305 (117th Congress): End the Threat of Default Act,” https://www.capitolreceipts.com/bill/117-hr-3305/end-the-threat-of-default-act (accessed 2026-10-17).