Bill Sponsor
House Bill 2811
118th Congress(2023-2024)
Limit, Save, Grow Act of 2023
Active
Amendments
Active
Passed House on Apr 26, 2023
Overview
Text
Introduced
Apr 25, 2023
Latest Action
May 4, 2023
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2811
Congress
118
Policy Area
Economics and Public Finance
Economics and Public Finance
Primary focus of measure is budgetary matters such as appropriations, public debt, the budget process, government lending, government accounts and trust funds; monetary policy and inflation; economic development, performance, and economic theory.
Sponsorship by Party
House Votes (2)
Senate Votes (0)
Question
On Passage
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
Yea-And-Nay
Roll Number
199
House Roll Call Votes
Summary

Limit, Save, Grow Act of 2023

This bill increases the federal debt limit and decreases spending. It also repeals several energy tax credits, modifies the permitting process and other requirements for energy projects, expands work requirements for the Supplemental Nutrition Assistance Program (SNAP) and other programs, and nullifies regulations for the cancellation of federal student loan debt.

Specifically, the bill

  • suspends the debt limit through March 31, 2024, or until the debt increases by $1.5 trillion, whichever occurs first;
  • establishes discretionary spending limits for FY2024-FY2033 that include decreases in discretionary spending;
  • rescinds certain unobligated funds that were provided to address COVID-19 and to the Internal Revenue Service;
  • nullifies certain executive actions and regulations for cancelling federal student loan debt and implementing an income-driven repayment plan for student loans;
  • repeals or modifies tax credits for renewable and clean energy, energy efficient property, alternative fuels, and electric vehicles;
  • establishes new work requirements for Medicaid and expands the work requirements for SNAP and the Temporary Assistance for Needy Families (TANF) program; and
  • requires major federal rules (e.g., rules likely to result in an annual economic effect of at least $100 million) to be approved by Congress before they take effect.

The bill also includes various provisions related to the development of energy resources such as oil, natural gas, and minerals. For example, the bill requires additional federal oil and gas leasing, reduces or eliminates certain royalties and fees, and expedites the permitting process for various energy projects.

Text (3)
Amendments (1)
Displaying only amendments with a detailed public record (0)
Public Record
Record Updated
Apr 10, 2024 12:30:10 PM