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        <title>Government Bailout Prevention Act</title>
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        <number>9324</number>
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          <actionDate>2026-06-15</actionDate>
          <text>Referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Financial Services, 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.</text>
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        <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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        <actionDate>2026-05-21</actionDate>
        <text>Introduced in Senate</text>
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        <fullName>Sen. Young, Todd [R-IN]</fullName>
        <firstName>Todd</firstName>
        <lastName>Young</lastName>
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        <state>IN</state>
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        <fullName>Sen. Cotton, Tom [R-AR]</fullName>
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        <state>AR</state>
        <sponsorshipDate>2026-05-21</sponsorshipDate>
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        <fullName>Sen. Marshall, Roger [R-KS]</fullName>
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        <lastName>Marshall</lastName>
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        <state>KS</state>
        <sponsorshipDate>2026-06-09</sponsorshipDate>
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        <fullName>Sen. Crapo, Mike [R-ID]</fullName>
        <firstName>Mike</firstName>
        <lastName>Crapo</lastName>
        <party>R</party>
        <state>ID</state>
        <sponsorshipDate>2026-06-09</sponsorshipDate>
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        <fullName>Sen. Sheehy, Tim [R-MT]</fullName>
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        <sponsorshipDate>2026-06-09</sponsorshipDate>
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        <fullName>Sen. Cornyn, John [R-TX]</fullName>
        <firstName>John</firstName>
        <lastName>Cornyn</lastName>
        <party>R</party>
        <state>TX</state>
        <sponsorshipDate>2026-06-18</sponsorshipDate>
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        <fullName>Sen. Graham, Lindsey [R-SC]</fullName>
        <firstName>Lindsey</firstName>
        <lastName>Graham</lastName>
        <party>R</party>
        <state>SC</state>
        <sponsorshipDate>2026-06-24</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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      <policyArea>
        <name>Economics and Public Finance</name>
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    <title>Government Bailout Prevention Act</title>
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        <title>Government Bailout Prevention Act</title>
        <updateDate>2026-06-25T12:18:24Z</updateDate>
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        <title>Government Bailout Prevention Act</title>
        <updateDate>2026-06-09T05:23:21Z</updateDate>
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        <titleType>Official Title as Introduced</titleType>
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        <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.</title>
        <updateDate>2026-06-09T05:18:31Z</updateDate>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
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        <type>Introduced in Senate</type>
        <date>2026-05-21T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-119s4629is/xml/BILLS-119s4629is.xml</url>
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    <latestAction>
      <actionDate>2026-05-21</actionDate>
      <text>Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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