H.Res. 280: Amending the Rules of the House of Representatives to prevent any Member, Delegate, Resident Commissioner, officer, or employee of the House from benefitting financially from a vote to change the statutory limit on the public debt.

H.Res. 280: Amending the Rules of the House of Representatives to prevent any Member, Delegate, Resident Commissioner, officer, or employee of the House from benefitting financially from a vote to change the statutory limit on the public debt.

112th Congress · introduced 2011-05-26 · Congress · Latest: Referred to the House Committee on Ethics.

federal

Follow this bill, step by step

Where it came from: introduced 2011-05-26 · official record
Who proposed it: Rep. McCollum, Betty [D-MN-4] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the House Committee on Ethics. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Amending the Rules of the House of Representatives to prevent any Member, Delegate, Resident Commissioner, officer, or employee of the House from benefitting financially from a vote to change the statutory limit on the public debt.

Plain summary

Amends Rule XXIII (Code of Official Conduct) of the Rules of the House of Representatives to prohibit a Member, Delegate, Resident Commissioner, officer, or employee of the House from buying or selling any stock, bond, currency, commodity, or precious metal within 72 hours before or after a vote in the House to change the statutory limit on the public debt.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

A Yea supports adopting this resolution.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Amending the Rules of the House of Representatives to prevent any Member, Delegate, Resident Commissioner, officer, or employee of the House from benefitting financially from a vote to change the statutory limit on the public debt.

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. McCollum, Betty [D-MN-4] · 0 cosponsors

Cost estimate: No cost estimate published yet.

Sponsor's campaign money: Rep. McCollum, Betty [D-MN-4] reported raising $1.5 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (5)

Bond: A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.
Resolution: A formal statement or decision by a legislative body. Simple resolutions often only express an opinion or set rules for one chamber; they do not become law.
Roll-call vote: A vote where each member's position is recorded by name, so the public can see how every member voted. "Yea" means yes, "Nay" means no, "Present" means the member was there but did not take a side.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Statute: A written law passed by a legislature. A statute can be changed by a later law; changing a constitution needs an amendment.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-112hres280.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/112/hres>

Record fed-us-cong112-hres280 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112