S. 4629 Introduced Economics and Public Finance

Government Bailout Prevention Act

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.

  1. Introduced
  2. Committee
  3. Passed Senate
  4. Passed House
  5. To President
  6. Became law
Sponsor Sen. Young, Todd [R-IN] Introduced May 21, 2026 Cosponsors 6 (6 R) Latest action May 21, 2026

Summary

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

Congress.gov

Actions

  1. May 21, 2026 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  2. May 21, 2026 Introduced in Senate

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