A bill to prohibit taxpayer bailouts of fiscally irresponsible State and local governments.

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Jan 25, 2011

Prohibits the use of federal funds to purchase or guarantee obligations of, issue lines of credit to or provide direct or indirect grants-and-aid to, any state, municipal, local, or county government which a nationally recognized statistical rating organization has determined has defaulted on its obligations or is likely to default, without such federal assistance.

Prohibits the Secretary of the Treasury from using, directly or indirectly, general fund revenues or borrowed funds to purchase or guarantee any asset or obligation of any such state, municipal, local, or county government.

Prohibits the Board of Governors of the Federal Reserve System from directly or indirectly lending against, purchasing, or guaranteeing any asset or obligation of such a state, municipal, local, or county government.

Read the summary on Congress.gov

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People & committees

Who introduced it

Sen. Ensign, John [R-NV] · R–NV

Committees

Banking, Housing, and Urban Affairs Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

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Jan 25, 2011
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 25, 2011
Introduced in Senate

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in Senate · Jan 25, 2011 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

S 251 · A bill to prohibit the provision of Federal funds to State and local governments for payment of obligations, to prohibit the Board of Governors of the Federal Reserve System from financially assisting State and local governments, and for other purposes.

Source last updated: Jan 14, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

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Neutral evidence review

Objective

Analyze S.184 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss S.184, 112th Congress: A bill to prohibit taxpayer bailouts of fiscally irresponsible State and local governments.

Official record: https://www.congress.gov/bill/112th-congress/senate-bill/184

Text version to examine: Introduced in Senate · 2011-01-25.

Official full text: https://www.congress.gov/112/bills/s184/BILLS-112s184is.htm

Imported record last updated by the source: 2025-01-14T18:21:31Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze S.184 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine S.184 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss S.184, 112th Congress: A bill to prohibit taxpayer bailouts of fiscally irresponsible State and local governments.

Official record: https://www.congress.gov/bill/112th-congress/senate-bill/184

Text version to examine: Introduced in Senate · 2011-01-25.

Official full text: https://www.congress.gov/112/bills/s184/BILLS-112s184is.htm

Imported record last updated by the source: 2025-01-14T18:21:31Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.184 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine S.184 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss S.184, 112th Congress: A bill to prohibit taxpayer bailouts of fiscally irresponsible State and local governments.

Official record: https://www.congress.gov/bill/112th-congress/senate-bill/184

Text version to examine: Introduced in Senate · 2011-01-25.

Official full text: https://www.congress.gov/112/bills/s184/BILLS-112s184is.htm

Imported record last updated by the source: 2025-01-14T18:21:31Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.184 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine S.184 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss S.184, 112th Congress: A bill to prohibit taxpayer bailouts of fiscally irresponsible State and local governments.

Official record: https://www.congress.gov/bill/112th-congress/senate-bill/184

Text version to examine: Introduced in Senate · 2011-01-25.

Official full text: https://www.congress.gov/112/bills/s184/BILLS-112s184is.htm

Imported record last updated by the source: 2025-01-14T18:21:31Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.184 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.