S 540 - Temporary Debt Limit Extension Act - National Key Vote

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Title: Temporary Debt Limit Extension Act

Vote Smart's Synopsis:

Vote to concur with House amendments and pass a bill that extends the debt limit for obligations of the federal government until March 15, 2015.

Highlights:

  • Extends the statutory limit on debt incurred by the federal government until March 15, 2015 (Sec. 2).
  • Increases the statutory limit on federal public debt beginning March 16, 2016 to the amount of outstanding principal and interest of obligations that are guaranteed by the United States government (Sec. 2).

See How Your Politicians Voted

Title: Temporary Debt Limit Extension Act

Vote Smart's Synopsis:

Vote on a motion to invoke cloture on a bill that extends the debt limit for obligations of the federal government until March 15, 2015.

Highlights:

  • Extends the statutory limit on debt incurred by the federal government until March 15, 2015 (Sec. 2).
  • Increases the statutory limit on federal public debt beginning March 16, 2016 to the amount of outstanding principal and interest of obligations that are guaranteed by the United States government (Sec. 2).

NOTE: INVOKING CLOTURE REQUIRES A 3/5 MAJORITY OF THE SENATE. IT IS NOT A VOTE ON THE PASSAGE OF THE PIECE OF LEGISLATION, BUT LIMITS FURTHER DEBATE TO 30 HOURS. CLOTURE IS TYPICALLY USED TO END A FILIBUSTER. A FAILED CLOTURE VOTE OFTEN PREVENTS THE LEGISLATION FROM EVER COMING TO A VOTE.

See How Your Politicians Voted

Title: Temporary Debt Limit Extension Act

Vote Smart's Synopsis:

Vote to pass a bill that extends the debt limit for obligations of the federal government until March 15, 2015.

Highlights:

  • Extends the statutory limit on debt incurred by the federal government until March 15, 2015 (Sec. 2).
  • Increases the statutory limit on federal public debt beginning March 16, 2016 to the amount of outstanding principal and interest of obligations that are guaranteed by the United States government (Sec. 2).

NOTE: THIS VOTE PASSED BY UNANIMOUS CONSENT, MEANING NO MEMBER OBJECTED TO THE PASSAGE OF THE VOTE. THIS DOES NOT NECESSARILY INDICATE THAT ALL MEMBERS FAVORED THE VOTE'S OUTCOME.

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