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Senate bill · 119th Congress · Latest step: Introduced

Government Bailout Prevention Act

S. 4629Introduced May 21, 2026Policy area: Economics and Public Finance

Official title: 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.

Sponsor: Sen. Todd Young R-IN
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Where it went

Latest action: May 21, 2026 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Vote results

No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).

Cosponsors

6 cosponsors — 6 Republicans

0 of 6 cosponsors (0%) are from the other party.

John Cornyn (R-TX), Tom Cotton (R-AR), Mike Crapo (R-ID), Lindsey Graham (R-SC), Roger Marshall (R-KS), Tim Sheehy (R-MT).

More from the sponsor

Other 119th Congress bills sponsored by Sen. Todd Young.

Related bills

Relationships as recorded by Congress.gov.

Sponsor’s state and district

Indiana in Congress

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Data as of Sep 25, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.