The record

LegislationLegislation· Jun 2023
HR 3746 Signed into law

Sponsored by Patrick T. McHenry (R)

Fiscal Responsibility Act of 2023

Suspends the federal debt limit through 2025 and sets federal spending caps for 2024 and 2025.

Tradeoff

Sets spending caps that CBO says will cut spending below current-law levels. Also takes back unspent COVID-19 relief money and ends the student loan payment pause.

What's in it

See official bill text
CBO’s Estimate of the Budgetary Effects of H.R. 3746, the Fiscal Responsibility Act of 2023www.cbo.gov/publication/59225 · May 2023

The House passed it 314-117 on May 31, 2023, and the Senate passed it 63-36 on June 1, 2023.

  1. House

    Introduced

    (May 29, 2023)

  2. House

    Committee on Ways and Means(May 29, 2023)

    The bill went to more than one committee at the same time.

  3. Senate

    Received from the House

    Received(May 31, 2023)

  4. House

    Passage of the bill

    Passed(Roll #243 · May 31, 2023)

    314 yeanay 117

  5. Senate

    Passage of the bill

    Bill Passed(Roll #146 · Jun 1, 2023)

    63 yeanay 36

  6. House

    Sent to the President

    (Jun 3, 2023)

  7. White House · Signature

    Signed

    Joe Biden (D)

  8. Enacted

    Became law(Jun 3, 2023)

Final passage· 118th Congress · 2023–2025