End the Threat of Default Act

HR 415, the "End the Threat of Default Act," repeals the statutory debt ceiling (section 3101 of Title 31, U.S. Code), which currently limits how much the federal government can borrow. This would eliminate the need for Congress to approve increases to the borrowing cap, removing the risk of a government default on its debts. The bill directly affects the Treasury Department’s ability to manage federal borrowing, as it would no longer require congressional action to authorize new debt issuance. The technical amendments update references to the debt ceiling in other laws to reflect this change.