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Congressional Research Service Issues Insight White Paper on Fiscal Responsibility Act in FY2024
January 11, 2024
WASHINGTON, Jan. 11 -- The Congressional Research Service issued the following Insight white paper (No. IN12296) on Jan. 10, 2024, by Congress and legislative process specialists Drew C. Aherne and Megan S. Lynch.

Here are excerpts:

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The Fiscal Responsibility Act (FRA) in FY2024: Current Status

Spending Limits

The Fiscal Responsibility Act (FRA, P.L. 118-5), enacted in June 2023, temporarily suspended the debt limit and establ . . .

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