(NewsNation) — Speaker Kevin McCarthy (R-Calif.) released the full text of the bill to raise the debt limit on Sunday evening.
President Joe Biden announced a final bipartisan agreement on the debt ceiling on Sunday, just days before a possible historic default. The agreement is now ready to go to Congress.
According to The Hill, the bill — which spans 99 pages — raises the debt limit for two years, strengthens work requirements on federal public assistance programs and rescinds COVID-19 funding that went unused, among other provisions.
The bill’s release officially starts the clock on the 72-hour rule, which gives House members at least three days to review a bill before voting on it.
Read the full text of the bill here.
The Hill contributed to this report.