The debt limit rises by $5,000,000,000,000
What the document says“The limitation under section 3101(b) of title 31, United States Code, as most recently increased by section 401(b) of Public Law 118-5 (31 U.S.C. 3101 note), is increased by $5,000,000,000,000.”
The section raises the limit on the public debt under section 3101(b) of title 31, United States Code, as most recently increased by section 401(b) of Public Law 118-5, by $5,000,000,000,000.
What the document actually says“The limitation under section 3101(b) of title 31, United States Code, as most recently increased by section 401(b) of Public Law 118-5 (31 U.S.C. 3101 note), is increased by $5,000,000,000,000.”
The ceiling on the public debt goes up. It rises by $5 trillion. That is measured from the last figure set.
That figure was last raised by a 2023 law. The new total is not spelled out. It is the old one plus $5 trillion.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.