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- S.2939
S.2939: State, Territory, and Local Government Bailout Prevention Act
About This Bill
- Introduced May 17, 2016
- Latest Major Action May 17, 2016
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
State, Territory, and Local Government Bailout Prevention Act This bill prohibits the use of federal funds to purchase or guarantee obligations of, issue lines of credit to, or provide direct or indirect grants-in-aid to any state (defined to include Puerto Rico and any other U.S. territory or possession), municipal, local, or county government that, on or after May 1, 2016, has defaulted on its obligations, is at risk of defaulting, or is...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
May 17, 2016 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
May 17, 2016 |
Introduced in the Senate by David Vitter (R-La.) |