U.S. Senate · 119th Congress · S. 4629
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.
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- Sponsor
- Todd YoungR-IN
- Introduced
- May 21, 2026, in the Senate
- Issue areas
- Policy area
- Economics and Public Finance (from the Congressional Research Service)
- Full text and actions
- congress.gov
Votes on this bill (0)
Neither the House nor the Senate has held a roll-call vote on this bill.
Cosponsors (6)
6 Republicans. Each member is shown with the party they were counted with on the day they signed on. How we count these
Original cosponsors
- Tom CottonR-AR
Signed on later
- Mike CrapoR-IDJune 9, 2026
- Roger MarshallR-KSJune 9, 2026
- Tim SheehyR-MTJune 9, 2026
- John CornynR-TXJune 18, 2026
- Lindsey GrahamR-SCJune 24, 2026