The public record · 119th Congress

Government Bailout Prevention Act

The Congressional Research Service has not published a summary of this measure.

Other titles

the names this measure carries besides the one at the top of this page, each with the record's own label for it. The collection includes titles given to parts of a bill as well as to the whole.

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.Official Title as Introduced

Government Bailout Prevention ActShort Title(s) as Introduced

Legislative history

S. 4629·Senate·Bill·Economics and Public Finance

Sen. Todd Young(Republican-Indiana)·

May 21, 2026

SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Documents

Everything Congress printed about this measure. A bill is reprinted each time it changes, the Congressional Research Service summarizes each version, and the committee that reports a bill files its own written account of it.

Bill text

May 21, 2026As introduced in the Senate