A joint resolution joint resolution relating to increasing the debt limit.

This joint resolution (S.J. Res. 33) increases the federal debt limit by $2.5 trillion, allowing the U.S. government to borrow additional funds to meet existing obligations. It directly affects the federal government’s ability to finance operations, including paying bills and servicing existing debt, without requiring new revenue. The bill amends Section 3101(b) of Title 31, United States Code, which sets the statutory debt ceiling. Passed by Congress on December 14, 2021, and signed into law on December 16, 2021 (Public Law 117-73), it is a routine procedural adjustment to prevent default.