S. 540: Temporary Debt Limit Extension Act

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S. 540: Temporary Debt Limit Extension Act

113th Congress · introduced 2013-03-12 · Economics and Public Finance · Latest: Became Public Law No: 113-83.

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Official title

Temporary Debt Limit Extension Act

Plain summary

(This measure has not been amended since it was passed by the House on February 11, 2014. The summary of that version is repeated here.) Temporary Debt Limit Extension Act - Suspends the public debt limit for the period beginning on the date of enactment of this Act and ending on March 15, 2015. Increases the debt limit, effective March 16, 2015, to the extent that: the face amount of such obligations outstanding on the date of enactment of this Act is exceeded by the total of the face amount of public debt obligations and the face amount of obligations whose principal and interest are guaranteed by the U.S. government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on March 16, 2015. Excludes an obligation under clause 2 (above) from being taken into account unless its issuance was necessary to fund a commitment incurred pursuant to law that required payment before March 16, 2015. Prohibits the Secretary of the Treasury from issuing obligations during the period beginning on the date of enactment of this Act and ending on March 15, 2015, for the purpose of increasing the cash balance above normal operating balances in anticipation of the expiration of such period.

Congressional Research Service summary (Public Law), quoted unchanged (nonpartisan). Read the source.

What a vote does

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

The strongest published arguments

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

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

Officials and money

Sponsor: Sen. Shaheen, Jeanne [D-NH] · 1 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Sponsor's campaign money: Sen. Shaheen, Jeanne [D-NH] reported raising $176,810 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Recorded votes

• House roll call 61 (2014): On Passage, S540 (2014-02-11): Passed
• Senate vote 33 (2014): On the Cloture Motion, S540 (2014-02-12): Cloture Motion Agreed to
• Senate vote 34 (2014): On the Motion, S540 (2014-02-12): Motion Agreed to

Sources

• Congressional Research Service summary (Public Law)
• Congress.gov
• Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-113s540.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/113/s>

Record fed-us-cong113-s540 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113