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.

119-s4629 — 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.. Sponsored by Sen. Young, Todd [R-IN]. Introduced 2026-05-21. Senate bill. 119th Congress. Latest action: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

No roll-call vote data available for this bill.